The BRC-20 token has gained popularity in the crypto world, along with the recent price increase of several memes. These tokens have become a topic of discussion, highlighting the advanced capabilities of the Bitcoin network.
Currently, there are a total of 14,307 BRC-20 tokens , which have a total market cap of $616 million. While there are doubts about the reliability of these tokens, the community has shown an interest in purchasing them. So, which of these tokens has the highest number of holders?
Here is a list of the top 10 BRC-20 tokens with the most holders
Recent data indicates that ORDI, despite being one of the earliest BRC-20 tokens, does not rank first in terms of number of holders. Instead, a token called VMPX takes the top spot with 9,267 holders. This coin has a market capitalization of 21 million USD. ORDI comes in second with 8,456 holders despite its market capitalization at more than $300 million.
Third and fourth places belong to SATS and BANK with 5,626 and 4,764 holders respectively.
Surprisingly, meme-inspired tokens are not as popular, with MEME and PEPE ranking fifth and sixth with 4,545 and 4,364 holders respectively. DRAC with 3,182 holders is in seventh place.
The top 10 BRC-20 tokens with the most holders is a good indication of which tokens are gaining the most popularity among users. It will be interesting to see how these tokens perform in the coming months and whether they can sustain this hype in the highly competitive crypto market.
Do BRC-20 tokens maintain the ethos of Bitcoin?
Bitcoin has a number of unique qualities that make it stand out from other cryptocurrencies. One of its key features is its decentralized nature, which has impressed many in the crypto community. However, despite the current hype surrounding BRC-20 tokens, some note that they are significantly different from Bitcoin in this respect.
The fact that these asset classes are centralized has upset many people. Since it is controlled by certain entities, the possibility of fraud increases. Justin Bons, the founder of Cyber Capital, has expressed concerns about BRC-20 tokens.
Therefore, although their popularity is growing, it is important to conduct thorough research before investing in them.