Bitcoin’s (BTC) latest surge above $67,000 has set off a chain reaction in the crypto market.
Pretty much all BRC-20 tokens have rallied in the past 24 hours, capitalizing on the bullish momentum.
Meanwhile, some investors are keeping an eye on 99Bitcoins Token (99BTC) – believing it could be the next to rally after its presale phase ends.
BRC-20 Tokens Surge as Bitcoin Rally Fuels Demand
For those unaware, BRC-20 is an experimental token standard on the Bitcoin blockchain.
BRC-20 tokens are like Bitcoin’s cousin – using the Ordinals protocol to piggyback on the OG crypto’s blockchain.
Unlike their Ethereum counterparts, BRC-20 tokens don’t rely on smart contracts.
Instead, they use a clever trick of embedding JSON data into the smallest bits of Bitcoin, called satoshis.
In the past 24 hours, these tokens have been on a tear.
The total market cap for BRC-20 tokens has surged past $1.6 billion, and…
