Pepe Coin

AVAV

Avalanche

BRC-20 tokens are the latest market craze as the segment's cryptocurrencies surge and the ''new era'' for Bitcoin flagged by a Binance Research report this month gathers momentum. The asset category is bringing new possibilities to the Bitcoin blockchain and has become an outlier in the market. The tokens are rallying amid broader market gloom as excitement around spot BTC exchange-traded funds (ETFs) fades, prompting investors to look elsewhere for profits <a href="https://insidebitcoins.com/wp-content/uploads/2024/01/BRC-20TokensPump.png" rel="noopener noreferrer nofollow"><img class="aligncenter wp-image-472628 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/01/BRC-20TokensPump.png" alt="BRC-20 tokens" width="2127" height="1125"></a> BRC-20 token trading volume has skyrocketed 10 times from November to more than $500 million this month, said Paris-based blockchain analytics firm Kaiko Research in a Jan. 15 report. It attributes much of the increase to <a href="https://crypto.news/tag/binance/" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, which launched spot and perpetual futures trading for tokens that include ORDI, SATS, and RATS. The development follows a <a href="https://public.bnbstatic.com/static/files/research/full-year-2023-and-themes-for-2024.pdf" target="_blank" rel="noopener noreferrer nofollow">report</a> by Binance Research that said BRC-20 inscription tokens introduced a “new era” for Bitcoin last year, while acknowledging the skepticism that had been seen around Bitcoin Ordinals. https://twitter.com/WisdomMatic/status/1744715934571671656 The report also acknowledges that Bitcoin Ordinals inscriptions and BRC-20 tokens influenced both the growth and dominance of Bitcoin in 2023. Notably, one of the greatest success stories of BRC-20 tokens is Pepe Coin (PEPE), built on the BRC-20 standard and which became a meme coin sensation last year. 
<h2 id="brc-20-tokens-emerging-from-within-the-heart-of-the-bitcoin-blockchain">BRC-20 Tokens Emerging From Within The Heart Of The Bitcoin Blockchain</h2> Designed for use with Bitcoin, BRC-20 tokens have opened up the BTC ecosystem and its blockchain to opportunities for creating digital assets and tokenization. With this, the sector has expanded the utility of BTC beyond just digital currency. https://twitter.com/cillionaire_com/status/1747203677389992038 For the layperson, BRC-20 tokens are an <a href="https://insidebitcoins.com/buy-cryptocurrency/brc-20-tokens" target="_blank" rel="noopener noreferrer nofollow">experimental token standard</a> minting and transferring fungible tokens on the Bitcoin blockchain via Ordinal inscriptions. While it is somewhat similar to Ethereum's ERC-20 token standard, the functions are different. There are several compelling reasons why BRC-20 tokens have the potential to become a major player in reshaping the industry in 2024. The most important reason is that the token standard can leverage the security and liquidity of Bitcoin. Secondly, it also addresses the challenges of Ethereum, including scalability and gas fees, which have caused investors to shift attention to the Solana blockchain. But because the ecosystem is still experimental, it may be prudent for now to interact with BRC-20 tokens with caution. Long-term success depends heavily on community adoption and innovation, which is a low bar considering the Bitcoin community has that working for it in spades already. 
<h2 id="avalanche-inscriptions-running-on-brc-20-hype">Avalanche Inscriptions Running On BRC-20 Hype</h2> Amid BRC-20 inscriptions and Bitcoin Ordinals hype, a new standard, Avalanche inscriptions or ASC-20 tokens, is also in the spotlight. Evidence of this was seen when Bitget Exchange hosted a Twitter Space on January 15 that attracted 585,000 listeners. https://twitter.com/Bitget_zh/status/1746863591570219420 Among those who attended was AVAV chief operating officer Ori, who said that the project’s roadmap would follow in the footsteps of the BRC-20 assets. AVAV is the Avalanche inscription token Avascriptions. The AVAV executive revealed that there were more than <a href="https://dune.com/couchdicks/avalanche-inscriptions" target="_blank" rel="noopener noreferrer nofollow">100 inscriptions</a> on the Avalanche blockchain since its inception in June 2023. 
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/brc-20-tokens" rel="noopener noreferrer nofollow">Everything You Need To Know About BRC-20 Tokens</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-nfts-continue-to-rally-heres-the-10-top-selling-brc-20-nfts-this-week" rel="noopener noreferrer nofollow">Bitcoin NFTs Continue To Rally – Here’s the 10 Top Selling BRC-20 NFTs This Week</a></li>
 <li><a href="https://insidebitcoins.com/news/ordinals-crypto-2024-price-forecasts-the-rising-potential-of-brc-20-tokens" rel="noopener noreferrer nofollow">Ordinals Crypto 2024 Price Forecasts – The Rising Potential of BRC-20 Tokens</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-network-faces-strain-due-to-brc-20-token-surge-borroefinance-presale-garners-attention-on-twitter" rel="noopener noreferrer nofollow">Bitcoin Network Faces Strain Due to BRC-20 Token Surge; BorroeFinance Presale Garners Attention on Twitter</a></li>
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BRC-20 Tokens Are The New Hottest Crypto Segment As Bitcoin’s “New Era” Gathers Pace

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