Bitcoin is about to make its first-ever all-time high before a halving, and all factors point to one last boom before a pre-halving dip—if one will even occur at all.
As expected, certain cryptocurrencies trail the growth of the flagship cryptocurrency, mimicking its growth and rallying just as much as it does.
For this section, we will be going over the BRC-20s and everything you need to know.
According to data from CoinMarketCap, the BRC-20 market has been booming massively, in terms of trading volume and market cap.
The market has rallied by nearly 20% over the last day in terms of market cap, with more than $1.2 billion in trading volumes within said timeframe.
This means that the BRC-20 market is showing strong signs of strength and investor interest.
Here are some of the biggest BRC-20 tokens to keep in mind, if your aim is to jump in on the trend.
Ordi is by far the most popular BRC-20 on the market, as shown by the snapshot below:
According to CoinMarketCap, ORDI is massively bullish on all timeframes. The cryptocurrency has rallied by as much as 14.5% over the last day, and by another 35% over the last week.
We can see why in the charts, as shown below:
The chart above shows that ORDI is this bullish today and over the last week because it is attempting to break above its previous local high of around $92.
The cryptocurrency trades at around $87.7 at the time of writing and is incredibly close to this milestone.
If we do see a break above $92 though, the Fibonacci retracement tool predicts that we might see ORDI rally straight up to anywhere between $107.5 and $209, depending on how long the pre-halving rally lasts.
Just like ORDI, Sats is incredibly bullish on all timeframes (can be found on OKX).
The snapshot above shows that the cryptocurrency is up by around 20% over the last day and by another 52% over the last week.
The charts show that SATS is attempting a break above $0.00000073 since its original break below at the start of the year, on January 24.
Investors should keep an eye out for this $0.00000073 level because if we see a break above, SATS will become poised for a retest and possible break of its all-time high of $0.0000009358.
Rats (tradeable on KuCoin) is even more bullish than the previous two, according to the snapshot below:
Rats is up by around 32% over the last day and has gained as much as 68% over the last week.
Rats also shows the same outlook as SATS as far as the charts go, as illustrated:
What we are looking at in the chart above is a breakout attempt above the $0.000452 resistance, which the cryptocurrency broke below on its initial decline from its $0.000672 all-time high.
This would mean that we expect Rats to continue further upwards to $0.000672 or higher, and $0.000452 might turn out to be a great entry point.
MUBI is also as bullish as the rest and is tradeable on Kucoin (same as Rats).
The cryptocurrency is up by around 21.8% over the last day and by another 48.57% over the last week.
According to the charts, we can see a massive entry point for the cryptocurrency, right around $0.177.
If this outlook presents itself as valid, we just might be seeing a staggering 90% rally, straight up to the cryptocurrency's all-time high of around $0.33 or even higher, depending on the strength of the bulls.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.