Token

2024

SATS

<ul class="news-points">
 <li>An analyst predicted that SATS’ price increase could push the market cap to $5 billion.</li>
 <li>The MACD reading was positive, suggesting an upward momentum for the token.</li>
 <li>Money flow decreased, indicating that it could be difficult to flip the $0.00000074 resistance.</li>
</ul>
According to analyst CryptoKaleo, <a href="https://coinedition.com/sats-1000sats-price-prediction/" rel="noopener noreferrer nofollow">SATS (SATS) could be ready to hit</a> a $5 billion market cap. CryptoKaleo mentioned this in a post on X, noting that the BRC-20 token’s market cap of $1.4 billion was undervalued.
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 <a href="https://twitter.com/search?q=%24SATS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SATS</a> looks ready to send. A bit surprising the top BRC20 memecoin is still sitting at only a $1.4B mcap. Send this to $5B+ with haste. Long it with me here: <a href="https://t.co/32dHnZIFxS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/32dHnZIFxS</a> <a href="https://t.co/TsNbtCltzV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TsNbtCltzV</a>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1765296348364997059?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 6, 2024</a>
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Although the analyst did not share the reason behind his prediction, it seemed that Bitcoin’s (BTC) recent milestone was a major factor. On March 5, <a href="https://coinedition.com/bitcoin-breaks-record-surpasses-69000-for-the-first-time-since-2021/" rel="noopener noreferrer nofollow">Bitcoin rallied above $69,000</a> and hit a new all-time high.
This development sparked bullish sentiment around Bitcoin and its ecosystem. SATS is a BRC-20 token built on the Bitcoin Ordinals network for the unfamiliar. Therefore, one can assume that SATS is a beta of Bitcoin.
Furthermore, histor…
The post <a href="https://coinedition.com/brc-20-token-looks-set-to-fly-high-is-bitcoins-new-ath-the-reason/" rel="noopener noreferrer nofollow">BRC-20 Token Looks Set to Fly High: Is Bitcoin’s New ATH the Reason?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BRC-20 Token Looks Set to Fly High: Is Bitcoin’s New ATH the Reason?

Coin Edition

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