The Total Value Of “Shitcoins” Reach $1 Billion!

The popularity of the Ordinals protocol is growing and people believe that there might be a bull run soon. BRC20 tokens are multiplying on the Bitcoin (BTC) network also. As the latter begins to congest, BTC withdrawals on Binance came to a halt, relaunching of the transactions also ceased with higher fees. The market value of the Bitcoin-styled ERC20 tokens is beginning to swell too.

Bitcoin (BTC) Network Experiences a Rise of Memecoins

If the amount of BRC20 tokens on Bitcoin (BTC) increased by a large margin, from 11,650 to 14,300, their total value might be far harder to explain. According to brc-20.io, the BRC20 market value has gone up from 125 million to more than $1 billion in just a few days’ time. This marks an astounding 8x growth from last week. Memecoins -especially the top 15 that were generated by Ordinals– are also more prevalent; such as PEPE, MEME, PIZA, MOON, PUNK, and even SHIB.

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