Why do Twitter KOLs make money in BRC, but I lose money as soon as I rush?

Original title: "Why do Twitter KOLs make money in BRC, and I lose money as soon as I rush?" "

Original source: odaily Planet Daily

The recent market heat makes people anxious, but there are really so many people in BRC Did you make money on -20?

Looking at Twitter, many KOLs claim to have made a fortune in BRC-20, sharing their experiences one after another. At present, the leader The unit price of ORDI has exceeded 27 US dollars.

Accompanied by the wealth effect, there are countless  BRC altcoins and Meme coins.

UniSat  data shows that currently the total amount of  BRC coins has reached an astonishing  14690 kinds. And the vast majority of them are currencies that are not yet in circulation.

Although the market can easily make people feel anxious that "gold is everywhere, but I can't find it", the fact is that on BRC  People who make money are not as many as imagined.

ordspace Data shows that the total market value of BRC-20  has reached 1, 023, 516, 333  1 billion  billion) US dollars. Today, more than  150  tokens have been traded.

In view of  BRC-20 " NFT-like" pending order trading mode, except for a few top projects, most tokens are very scarce in liquidity . From the perspective of trading volume, ordspace  data shows that only  BRC-20  with a 24 hourly trading volume of over one million US dollars BRC-20 is ORDI, VMPX, NALS, and DRAC these four.

Where does million dollar volume sit in the overall crypto market? According to Coingecko data, this data is located at the  97th place in today's market. In contrast, BTC daily trading volume is  15.7 billion, ETH trading volume is  9.8 billion.

This data is not outstanding, difficult to accommodate too much money and a large number of users. In recent days, some analysts and investors have also made estimates based on the active data on the chain. BTC-20  active players may only be around 10,000 people, and there are even fewer real substantial profits.

BRC  ten thousand coins will be issued together, and one person will issue  5  coins in a row

In this round of  BRC  frenzy, all kinds of counterfeit versions are flying all over the sky, and various project communities are competing to issue coins quickly. This is the most surprising sight.

 XEN  founder Jack Levin  alone, has led (or indirectly participated in) including PUSY, XUNI, EPIC, DRAC, VMPX Five new coins.

Odaily Planet Daily once explained in detail the continuous "reorganization" of the  XEN  project created by  Jack . With previous experience and enthusiasm, it is naturally favored by investors in the  BRC  market. Currently, its latest project  VMPX  will be launched on Gate soon.

Among the projects led by Jack, some projects have indeed skyrocketed in a short period of time, but some projects have fallen even more considerably. On this crazy track of  BRC , the range of ups and downs in one day has exceeded people's imagination. However, due to the imperfect infrastructure, it is still difficult for us to accurately track the historical price of  BRC-20 .

(Because the data does not only collect the floor price, its price rise and fall is not accurate, it can only be used as a partial reference.)

And  DRAC  is perhaps the most dramatic of them all.

According to the official project information released by  Jack Levin , a large number of investors guessed the name of the new currency to be released through puzzle solving games  DRAC, and one after another to engrave this currency.

After the countdown ended, Jack  announced a new currency that has nothing to do with puzzle games—VMPX. DRAC  also suffered a sharp drop due to the loss of the "project party", and Jack  also suffered criticism and criticism from his own community.

For now, BRC track leader ORDI is still rising steadily. The prices of other small currencies fluctuated.

The most jaw-dropping thing about this Shanzhai season may be the unprecedented Meme method. Previously, the naming of memes often relied on community culture, but in the meme wave of BRC , NALS  made its debut in an unprecedented way - intercepting the second half of the word. You must know that no well-known currency has ever adopted the naming method of the second half of the word before, and  ORDI  and  NALS  can just form the cornerstone of  BRC-20  - the name of the "Ordinals" protocol . Therefore, NALS  achieved a bizarre surge and once became the second place on the track.

Only relying on shared names can become popular for a while. This naming method, which can be called an "innovation" in encryption, will also attract market fans A step forward with color.

False currency issuance is rampant, and investors have suffered heavy losses

More than  14,000  The number of  BRC tokens planted also made the ecology of  BRC  appear like a "zoo" in the last round of bulls.

(Community users’ complaints about  KOL )

The boom in memes is not limited to BRC  It appeared on the Internet, and it had first appeared on the  ERC  before the current round of  BRC  mania. AIDOGE, PEPE, MEME... One after another, the myth of getting rich is constantly stimulating investors in the encrypted world.

Just like every previous round of copycat seasons, a large number of scams of "running away" and RUG  are constantly happening .

For example, a certain KOL who wanted to commit suicide due to liquidation losses, actually changed the name of Twitter and released Moyu meme coin, And once this token is launched, RUG will be opened in just a few hours.

In this Meme season, a meme coin called  TURBO  also skyrocketed for a short time. This token uses  ChatGPT  as a marketing selling point, and its planning, operation, and contracts are all completed by  CahtGPT  under human instructions. Due to the skyrocketing of this meme, the Chinese-speaking world KOL also launched a similar AI concept meme coin imitation disk ZPC.

Unfortunately, this token has faced failure in less than two days. The founder smashed and sold it, and the price of the token fell rapidly. A large number of investors who participated in the joint fundraising obtained considerable losses.

The meme coin with the theme of  SBF girlfriend Her was also popular for a while Coin FOUR, Cantonese homophonic coin POGAI...

The more typical case is the "Xitancoin" scam that was popular a few days ago , won the platform promotion of many well-known  KOL .

In every meme craze, fake and scam projects always appear. When investing in meme hype, memecoin is a risky cryptocurrency, and its purely hype nature makes its future even more unpredictable.

Is the market about to collapse as the meme suddenly rises

History has told more than once We, the meme fever, are often a herald of an impending market crash.

2021 In May March, DOGE Rise to the highest point in history, one as high as 0.74 US dollars. The community unanimously called out the target price of Dogecoin breaking through  1  US dollars. But we all know what happened afterwards - the market quickly turned into a cold winter, and the current price of  DOGE  is only about US$0.074 , which is only one-tenth of what it was then.

History is not always repeated, but at least there is a certain "rhyme". Whether it's the frenzy of  BRC , or the carnival of  ERC altcoins, or the batch issuance of coins by  KOL . These behaviors that cause FOMO and fraud do not constitute a healthy and virtuous market.

More importantly, considering the unique narrative and community culture of meme coins, most of them can only be short-lived.

BRC-20 Due to the convenience of issuing coins and the uniqueness of the token name, issuing coins has become an extremely simple and low-cost matter.

If  4 are all alphabetic characters, there are about  45 potential combinations. Using combinations of letters and numbers, there are 1.68 million potential combinations. In this vast permutation and combination, it is hard to imagine how many meme names that still have room for speculation.

Although the market sentiment is high, many community users believe that the short-term market crash is not far away. ", the lively scene of everyone looking for wealth codes this time is likely to be another mirage. Once again, investors are reminded not to blindly FOMO, DYOR.

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