Key recent narrative developments in SATS and Unisats
In the next two months at least, SATS will be one of the targets worthy of special attention in the BTC ecosystem. This article will review and sort out the changes in SATS.
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In the next two months at least, SATS will be one of the targets worthy of special attention in the BTC ecosystem. This article will review and sort out the changes in SATS.
Ethena Labs rises as fifth-largest stablecoin issuer with ENA token launch, achieving $1 billion market cap. Successful Shard Campaign leads to ENA distribution and listing on major exchanges. Season 2 introduces Bitcoin collateral and partnerships with MakerDAO, Pendle Finance, Mantle Network, and Eigenlayer. Ethena aims to bolster DeFi ecosystem, signaling prominence in crypto landscape.
On February 1st, the Binance Web3 wallet was launched on the Inscription Market. Users can manage their BRC-20 assets. The performance is unsatisfactory. However, the competition in the Bitcoin ecosystem in 2024 is destined to become a roadblock between large institutions such as Binance and OKX. Long-term narrative.
The performance of Inscription tokens ORDI and SATS has lagged relatively behind the overall cryptocurrency market in 2024 so far, and is showing signs of possible further decline.
Judging from the current market value rankings, ORDI and SATS are the undisputed leaders and second-tier players in BRC-20.
Made as a memecoin, there is no immediate utility for the token, which makes its rise, together with other more familiar memecoins like DOGE and PEPE, particularly interesting.
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000.