BRC20s are going crazy


Now this is truly interesting. We've never before in the history of Bitcoin had such a sudden and massive price rally which the BRC20 tokens could witness. Why? Well, because they simply did not exist yet.

This recent upwards trend Bitcoin had is the first time in Ordinals' history that Bitcoin made such a move, so it was rather interesting to see how the tokens atop of Bitcoin would react to this. At first I was like "meh, guess they did OK but nothing really significant", but the past two days have been absolutely insane. Was this a delayed reaction or something?

But a closer look at things will quickly reveal that it was not per se because of Bitcoin's rise and strong support at the 35K level that did this, but is most likely related to this:

The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token....Binance...began letting customers trade ORDI, the first-ever BRC-20 token, on Tuesday.

So there you have it I guess, CEX listing does it again. But Binance didn't list all of them though, just the first one Ordi as I understand, but they took the first step of rolling out support for the Ordinals which means more BRC20s could follow. IDK man, if that's reason for damn near 100% surges as I've seen with some BRC20s then this reaaaaaaallly is a whole new level of FOMO.

Binance itself even issued a warning regarding BRC20s: "Binance warned users to expect high volatility around ORDI token prices and gave it a risk classification of higher-than-normal."

I first wrote about these things when one BTC developer proposed a way to eliminate them, which seems less and less likely btw, but if you take a look at some of the prices in the print screen chart from back then you'll quickly see something weird. Ordi, the first BRC20 and first listing on Binance, is actually still way down from its price back then whilst many others have actually broken both past that and their ATH.

In closing, a BRC20 story: I did a little BRC trading these past 48 hours.๐Ÿ˜ Yes I did and I almost missed a damn near double up. I saw a sudden surge in one of them by like 70% and noticed I was for the first time ever actually up on this particular BRC20. So I sold it as I expected a dump, which sort of happened yesterday but not entirely. The +70% settled down in the +35% range so I placed a buy order at the top of the list to buy back the same amount of tokens I had of this BRC20, and put a lower order in with the profit money I made form the trade to pick up some extra tokens. This morning as I woke the first thing I noticed was a +110% increase of that same BRC20.๐Ÿคจ

OK here we go, this will set the mood for the rest of the day, is it time to rage or did the order get through yesterday before the price jump? All is well as the top order did go through, the lower order didn't though but who cares. Time to quickly dump that yucky USDT for some more BTC and see what tomorrow brings. The end.๐Ÿ˜Š

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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