Best BRC20 Cryptos To Invest In: SATS, ORDI Pump As Bitcoin Price Recovers
The post Best BRC20 Cryptos To Invest In: SATS, ORDI Pump As Bitcoin Price Recovers appeared on BitcoinEthereumNews.com.
The cryptocurrency market has bounced back today on Friday after yesterday’s correction. The Bitcoin price is up by nearly 5% over the past 24 hours and is trading at $67,300 at press time. Unsurprisingly, BRC-20 tokens are showing significant strength owing to BTC’s recovery, with both SATS and ORDI up double digits. Bitcoin Layer-2 token Stacks has also climbed up by nearly 9%. #SectorOfTheDay#BRC20 sector is trending today with 📈 7%!🔥 $SATS +16%🔥 $RATS +12%🔥 $ORDI +10% #Ordinal Trade now on #BitgetSpot: https://t.co/cMxL9Qch6m pic.twitter.com/P5jqLuFtcp — Bitget (@bitgetglobal) July 26, 2024 BRC-20 coins have made a comeback over the past few weeks and could deliver strong growth in the next leg of the crypto bull market. This is also evident in the demand for new crypto coins in the sector. For instance, 99Bitcoins – a new BRC-20 token – has raised nearly $3 million in its ongoing presale and is showing all the makings of being the next crypto to explode. SATS, ORDI Prices Outperform Bitcoin After meme coins and AI tokens, traders are now rushing to stack BRC-20 tokens in preparation for the upcoming crypto bull market. SATS and ORDI have both emerged as beta plays on Bitcoin, with some even calling them “leveraged BTC”. For instance, SATS is up by nearly 13% over the past 24 hours, sparked by Bitcoin’s recovery to $67,000. The token is also seeing a 12% spike in its daily trading volume, bringing it to over $200 million. A substantial uptick in the 24-hour volume on today’s green candle could signal a strong likelihood of bullish continuation. Indeed, analysts are highlighting that the SATS price chart is forming a bullish cup-and-handle pattern. Consequently, the token could see a 5% to 7% correction, followed by a substantial 41% bullish breakout to $0.00041. Similarly, ORDI is showing…
Filed under: News - @ July 28, 2024 4:14 am