🎵How could this happen to me? I've made my mistakes, got nowhere to run, the night goes on as it's all wiped away.🎵

Indeed, some of these BRC20 tokens literally wiped away money from thousands of hodlers. It's like one day you thought ''hey, let me see how my portfolio is doing'' and then poof, it be just gawn.

Since this will very likely be the last post I'll make about this topic, let's first have a quick trip down meme-ory lane: I remember missing out initially and trying to catch up. Afterwards I managed to separate the gems from the garbage, or so I thought, and made some solid picks: "there are decades where nothing happens, and there are weeks where decades happen.”

About one month after that this happened: Here's how my BRC-20 tokens performed

But suddenly a few months later in late 2023 things were looking great again and we were all BRC20 geniuses with little to no dilemmas or tragedies: BRC20s are going crazy. Spoiler, if you didn't convert your gains to BTC or cash it out around this time, chances are you have little to noting left by now.

Lets start off with the biggest ones I myself knew of and occasionally dabbled in. The BRC20 I was referring to in the above linked post from the trading story was PIZA. There was a time PIZA was rumored to be the next BRC20 for Binance listing and additional rumors that it would happen on Bitcoin Pizza day as Binance linked wallets were buying up massive numbers of PZA tokens in the weeks ahead of May 22. I never really checked if this was true or not, I was in a position where I could afford to not care since I overall made OK gains and profits by either hodling the right ones or trading with my BRC20 portfolio, so I decided to keep the remaining bag as a moon bag. Binance never listed PZA for the expected Bitcoin pizza day and the price slowly but surely rolled back down. But even before the Binance rumors the PZA token did great price wise due to other exchange listings. So how dat end you ask?

I know it's childish to mention the ATH price but just looking at that, the low trading volume and the fact there are numerous other Bitcoin pizza day memecoins out now I'd say it'll take a miracle for this one to go anywhere other than a slow ride to 0. Still not selling tho.😉

Alright next major disappointment is Oshi; The so called ''use case'' BRC20 and when I say major disappointment I do mean MAJOR. Out if all the BRC20 tokens this one got hyped up the most both on Twitter and by cringetubers and I kid you not as much as I wanted to get aboard, I decided to stay far away the moment I saw how they were shilling it. At first I missed out on possibilities to make some decent gains yes, because like it or not shilling does effect the price of these rather lower capped tokens. But in the end the results speak for themselves.

Staying on use case BRC20 tokens, there was also VMPX. This was one I did have in my bag and back in the made some OK progress I guess but don't ask me what's going on now. They created a duplicate/mirror VMPX token on the Ethereum chain, which totally doesn't mirror the price of the original BRC20 token and have updated their paper with all sorts of futuristic plans. IDK it sounds like they are going off script and the price is now closer to ATLs rather than ATHs but hey, at least they are still around and trying.

The BRC20 that actually delivered to the most regarding use case is Trac; The decentralized indexer.

I am seriously curious what is going on with this one because as first glans it seems to be just another rare use case BRC20 which didn't live up to the hype. But to be fair, maybe it was just way overhyped with fake listing rumors and partnerships. The product itself is actually still in play and the team still very much active.

Last year Trac was actually one of the main consistent gainer for many consecutive weeks but as you can tell from the overall price chart they were unable to hold on to any of the BTC bull run gains in 2024.

So IDK about this one and I feel I have to emphasize, this is not a grievance or expose list or anything. These are just the examples I can share based on first hand experience. I am sure there are many worse and scammy BRC20 tokens to be covered but I'm just sticking to what I know. So I'm not saying any of these are per se failed projects, well expect for Oshi of course.

So to finish on a high note, remember Ordi, the very first BRC20? It's nowhere near its ATH but nevertheless it's still holding on strong with the recent price close to 50 Dollars.

And it was here where I noticed a rather interesting pattern: None of the BRC20s I knew were able to either outperform themselves or able to hold on to their smaller 2024 gains. Gains which were mostly thanks to Bitcoin's bull run.

This is particularly interesting because Ordi has Binance listing and massive volume, while the others don't and yet they still behave the same. I mean the difference between ATH and the current price is far smaller for Ordi in comparison with the other BRC20s, but other than that they all pretty much flopped in 2024. Last opportunity to get in or last chance to get out? You be the judge.👨‍⚖️