Top BRC-20 Tokens You Need to Know About! [November 2023]

Introduction

In the vast landscape of cryptos, BRC-20 tokens on the Bitcoin blockchain have gained significant attention and recognition. As we dive into November 2023, we must explore the top BRC-20 tokens that are making waves in the crypto market. This article will provide insights into the most noteworthy BRC-20 tokens, their prices, market capitalization, and their significance in the broader blockchain ecosystem.

Understanding BRC-20 Tokens

BRC-20 tokens are tokens built on the Bitcoin blockchain that adhere to the BRC-20 token standard. This standard enables the creation and management of digital assets, allowing developers to build diverse and innovative decentralized applications (DApps) within the Bitcoin ecosystem. As we delve into the world of BRC-20 tokens, we will present a comprehensive BRC-20 token list, highlighting the top tokens that have recently gained prominence.

The selection of top BRC-20 tokens entails analyzing various factors, including their market capitalization, utility, community engagement, and growth potential. By examining these metrics, we aim to identify the most promising BRC-20 coins investors and enthusiasts need to have on their radar. From established projects to emerging gems, our coverage will span a diverse range of BRC-20 tokens, providing valuable insights into their performance and potential.

1. Ordinals (ORDI)

Enter the world of ORDI, a groundbreaking BRC-20 token that emerged onto the crypto scene in January 2023. This versatile token has captivated investors and enthusiasts alike, offering a seamless representation of various digital assets, including captivating artwork, eye-catching profile pictures, and even interactive applications and playable games. The backbone of ORDI lies in the innovative Ordinals protocol, a decentralized solution enabling the secure storage of digital artifacts on the Bitcoin blockchain.

Witness the meteoric rise of ORDI in recent months, propelled by the advent of the game-changing BRC-20 token standard. This fungible token standard has revolutionized the creation of meme tokens on the Bitcoin network, utilizing the same groundbreaking protocol that powers Ordinals. The result? A surge in the creation of text-based inscriptions as users explore the endless possibilities of meme tokens and an array of captivating digital assets.

Current Price	$24.98
Market Cap	$524 million
Circulating Supply	21 million ORDI
Max Supply	21 million ORDI
Vol (24H)	$338 million
Change (7D)	+20%

• Ever since its launch earlier this year – ORDI price has remained more or less stagnant. But since the beginning of November 2023 – things have improved dramatically. 
• ORDI price has rallied over 400% since November 1, 2023, and is up nearly 675% in the past 30 days alone.
• ORDI is trading far above its 50-day and 200-day EMAs and all the Fibonacci pivot points. Thus, ORDI price is practically trading just shy of its all-time highs, and we could see a continuation of this rally going forward.

Additional Read: Top Ethereum ERC-20 Token

2. SATS

SATS is a prominent BRC-20 token within the crypto market, recognized for its unique functionalities and significance in the blockchain ecosystem. SATS operates on the Bitcoin network, leveraging its robust infrastructure and security measures.

One notable aspect of SATS lies in its utility and use cases. It serves as a core element within decentralized finance (DeFi) platforms, facilitating various functionalities such as yield farming, liquidity provision, and decentralized exchanges (DEXs). SATS also plays a pivotal role in governance mechanisms within specific DeFi protocols, allowing holders to participate in decision-making processes.

The token’s popularity stems from its involvement in innovative DeFi projects and its integration into various blockchain applications. SATS has garnered attention for its potential to transform the financial landscape through its utility in decentralized applications and its role in shaping the future of decentralized finance.

Current Price	$0.00000019
Market Cap	$465 million (unverified)
Circulating Supply	2100 trillion SATS (self-reported)
Max Supply	2100 trillion SATS
Vol (24H)	$19.2 million
Change (7D)	+83%

• Similar to the ORDI price analyzed above, the SATS price has been on an upward trajectory in the past two weeks since the beginning of November 2023. 
• The SATS price surged by 833% since November 1, 2023, with an astonishing 900% increase within the last 30 days.
• SATS price significantly exceeds both its 50-day EMA and surpasses all Fibonacci pivot points. A further rally towards its all-time highs is foreseeable if this trend persists.

Learn More: Top 10 Cryptos in 2024

3. WOJAK

WOJAK stands out as an influential BRC-20 token in the crypto market, recognized for its unique characteristics and relevance within the blockchain space. This token has garnered attention due to its distinct utility and participation across decentralized applications (dApps) and decentralized finance (DeFi) platforms. WOJAK plays a pivotal role in facilitating various functionalities within these platforms, including liquidity provision, yield farming, and governance mechanisms.

One notable aspect contributing to WOJAK’s significance is its involvement in meme culture and its representation within the crypto community. As a token associated with internet memes and digital culture, WOJAK has gained popularity and holds a distinct position in the realm of BRC-20 tokens.

Current Price	$0.000136
Market Cap	$10.3 million (unverified)
Circulating Supply	69.42 billion WOJAK (self-reported)
Max Supply	69.42 billion WOJAK
Vol (24H)	$2 million
Change (7D)	-1%

WOJAK’s chart analysis presents challenges due to inconsistent patterns stemming from low trading volumes. The lack of substantial trading activity renders technical analysis inconclusive, hindering clear trends or indicators. This limitation makes formulating a comprehensive TA for the token challenging. However, further evaluation will be conducted to provide a more detailed analysis in the near future.

4. B20 By ALEX (B20)

B20 by ALEX is a decentralized exchange (DEX) that has been built from the ground up, especially for trading various BRC-20 and all other upcoming Bitcoin L1 tokens. B20 also promises to be an interactive trading experience akin to other popular centralized exchanges while offering the security of Bitcoin’s base layer at the same time.

DEX B20 is attempting to unite the fragmented liquidity of the BRC-20 tokens. We have been seeing the ever-increasing popularity of these BRC-20-compliant tokens, but newer users are finding it difficult to participate in this excitement. It attempts to do so by simultaneously processing transactions on a separate later and settling them all. This process ensures that the trading happens at a higher speed but simultaneously reduces the strain on the Bitcoin network. B20 offers other decentralized finance (DeFi) features like lending and borrowing services too.

Current Price	$0.15
Market Cap	$3 million
Circulating Supply	21 million B20
Max Supply	21 million B20
Vol (24H)	$53,000
Change (7D)	+24%

B20 by ALEX’s native crypto token B20, despite its market cap of $3 million, has negligible trading volumes, as you can observe above – with a 24-hour trading volume of hardly $53,000 as of writing this article. This results in the resulting price action being very skewed, and thus, for the time being, we will skip the TA aspect for this token. We will revisit this in the future when we see more reliable data coming out of this token.

5. MEME

As the name itself suggests, this is a memecoin based on the BRC-20 ecosystem that was launched back in March 2023. BRC-20 has become one of the latest hotspots for people to mint newer memecoins as Ethereum becomes an unviable ecosystem thanks to its skyrocketing transaction fees and network congestion issues. MEME is a BRC-20 token that falls in this category. This is based on the extremely popular internet meme – and according to its official website, it claims to be the first memecoin on Bitcoin and the second BRC-20 project ever!

Additional read: Top Meme Coins [by Market Cap]

Current Price	$55.6
Market Cap	$5.2 million
Circulating Supply	99,999 MEME
Max Supply	99,999 MEME
Vol (24H)	$1.7 million
Change (7D)	-43%

MEME is yet another token that isn’t yet tracked by TradingView, and data is still vague on this token. This token, too, has low trading volumes as of writing this article and is similar to the token above – it results in the resulting price action being unreliable, and thus, for the time being, we will skip the TA aspect for this token. We will revisit this in the future when we see more reliable data from this token.

6. Pepe (Ordinals) (PEPE)

Pepe is one of the biggest memecoins that has taken the meme universe in the crypto world by storm. It was initially launched as an ERC-20 compliant token on the Ethereum ecosystem, but it was also soon launched as a BRC-20 token amid the platform’s increasing popularity in the last couple of weeks. PEPE is based on the very popular internet meme of a green cartoon frog, which has been a symbol of internet culture and humor for quite some time now. It was launched with the promise that the time of the dog-based memecoins was over and the “green frog” was about to take over.

Current Price	$0.056
Market Cap	$2.35 million
Circulating Supply	42,069,000 PEPE
Max Supply	42,069,000 PEPE
Vol (24H)	$166,000
Change (7D)	-10%

• The PEPE price plummeted by more than 60% in just a month, briefly attempting recovery in mid-June before facing immediate selling pressure, resulting in a sustained downtrend. By August 2023, it even dipped below its all-time lows.
• PEPE’s price has found support around the P level, evident from the Fibonacci pivot points on the chart. Additionally, it’s trading above its 50-day exponential moving average.
• Although a slight PEPE price recovery has been reflected in the chart, reinstating market confidence hinges on overcoming critical resistance points. The primary challenge rests at R1, valued at $0.00000132, where recent rejections suggest the significance of a breakthrough.
• Future prospects hint at a potential rally toward $0.00000151 if PEPE manages to breach these levels in the coming months, marking a notable 44% surge. However, achieving this upturn would likely rely on a broader crypto market recovery and a concurrent Pepecoin price uptrend.
• Ensuring the PEPE price is above the P support level, set at $0.000001 per Fibonacci pivot point, is paramount in preventing downward trends.

7. Piza (PIZA)

Up next is yet another memecoin coming out of the BRC-20 token universe. Styled after the original meme from the Bitcoin Pizza Day, which is celebrated on May 22 every year. On May 22, 2010, Laszlo Hanyecz scripted history when he used Bitcoin to buy pizzas. He paid 10,000 BTC for pizzas, and ever since the day has held a special place in the hearts and minds of crypto enthusiasts across the globe!

Current Price	$0.17
Market Cap	$3.73 million
Circulating Supply	21 million PIZA
Max Supply	21 million PIZA
Vol (24H)	$274k
Change (7D)	-40%

• Similar to ORDI, PIZA price has seen a massive recovery since the beginning of November 2023 and it seems to be going strong.
• PIZA price has spiked over 400% since November 1, 2023 and is still trading above its crucial support levels. 
• PIZA price is also trading well above both its 50-day EMAs and also above all the Fibonacci pivot points. This indicates that the upward trend can be expected to continue for the foreseeable future. 

Values as on November 17, 2023.

Conclusion

In the fast-evolving world of cryptos, the prominence of BRC-20 tokens on the Bitcoin blockchain continues to rise. The array of tokens explored in this article offers a glimpse into the diverse and innovative landscape these tokens bring to the crypto market.

The exploration into top BRC-20 tokens like Ordinals, SATS, WOJAK, B20 by ALEX, MEME, Pepe (Ordinals), and Piza reveals the unique features, utilities, and market movements each token possesses. These tokens represent not just digital assets but a growing ecosystem within the broader blockchain domain.

From the meteoric rise of ORDI to the distinctive role SATS plays in the DeFi realm, each token brings its unique value proposition. Despite challenges in analyzing tokens like WOJAK and limited data availability for B20 by ALEX, their significance in certain spheres of the crypto landscape is evident.

Moreover, tokens like MEME, Pepe (Ordinals), and Piza signify the emergence of meme culture within the BRC-20 token ecosystem. Although their market movements might currently be challenging to assess due to limited data, their unique narratives add diversity to the expanding world of BRC-20 tokens. As the crypto market continues to evolve and embrace innovation, these tokens serve as a testament to the ongoing transformation within the decentralized space.