News Formal

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Bitcoin community is abuzz with conversations surrounding the BRC20 token standard as it garnered substantial attention in the past week.

in Bitcoin’s mempool. A comprehensive list of these 10K+ BRC20 coins can be found at ordspace.org, displaying each token’s value in US dollars. Currently standing at a remarkable $95 million, the BRC20 token economy has witnessed tokens skyrocketing with quadruple-digit gains.

Notable examples of these tokens include ordi, $OG$, PEPE, MEME, PUNK, SHIB, and DOMO. The ordi market cap today is hovering above $52 million; the $OG$ token market cap sits at $7.9 million, and the PEPE BRC20 coin’s market valuation rests at $8.3 million as of May 3, 2023. This rise of BRC20 tokens and Ordinal inscriptions, predominantly comprised of text, has driven Bitcoin’s average and median-sized fees to soar.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin NewsBitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision.
Source: BTCTN - 🏆 531. / 51 Read more »