ARC-20 is a 100x coin in 2024

 

The Bitcoin ecosystem began its first surge in November 2023 with the explosion of ordinals. In December, as a substantial amount of capital flowed into the Bitcoin ecosystem, the top tokens of the Bitcoin ecosystem, BRC-20 and ARC-20, experienced significant price increases.

 

The Ordinals protocol of BRC-20 was the first on BTC to use UTXO for minting NFTs and tokens but wasn't perfect. However, due to the influx of capital, the price of the top token $Ordi surged by over 10,000 times. ARC-20 is a new standard that borrows some characteristics from BRC-20 and similarly records ledger information on UTXO.

 

However, the token generation process of ARC-20 is through POW, requiring local CPU/GPU for token minting, making token distribution more even. This creates wealth opportunities for retail investors.
$ATOM is the top token of ARC-20 and was written into the protocol from the start as the Gas Fee for the entire Atomical protocol. During transactions, if the wallet lacks sufficient BTC to cover the transaction fee, $ATOM gets burned as the transaction fee.

 

 

As the protocol was relatively complete from the beginning, early users who minted ATOM tokens had an average cost of 0.1 USD/ATOM. Currently, due to significant fund intervention, the price of $ATOM is skyrocketing.

 

What Are ARC-20, Atomical , ATOM?

 

In a nutshell: ARC-20, BRC-20 is a standard. Atomical, Ordinal is a protocol. $ATOM, $ORDI is a token.

 

Therefore, ARC-20 and BRC-20 are completely different. Besides ARC-20's requirement to use local computer CPU/GPU, during NFT minting, ARC-20 needs the Atomical wallet to have sufficient UTXO. This is unlike BRC-20, which doesn't require it. If the Atomical wallet lacks sufficient UTXO, the likelihood of failed NFT purchases and failed token minting is higher. This is a core difference from traditional "Mint tokens."

 

The reason is that ARC-20 utilizes idle and abandoned UTXOs on the BTC blockchain, while BRC-20 generates UTXOs.

 

Another important note: Atomical protocol's ATOM token is not Cosmos' token ATOM; these two are fundamentally different.

 

How to buy or mine ATOM?

 

The initial mining of ATOM tokens ended in September 2023. Currently, there are only two ways to purchase ATOM tokens.

Firstly, purchase at the decentralized market atomicalmarket.com with a minimum of 1000 tokens, currently priced at 3000 USD, requiring the download of Atomical Wallet and payment of transaction Gas Fee.

 

Secondly, purchase on BingX, without quantity limits and without Gas Fee.

 

Can the Price of ATOM Tokens Continue to Rise?

 

Currently, a significant number of funds are entering the Bitcoin ecosystem, driving the price through direct capital influx. Because of inherent deficiencies in the Ordinals protocol, CEX wallets saw significant growth due to the Ordinals protocol. Hence, the Atomical protocol will likely become the next field for CEX competition with wallet functionality. This could further elevate the price of ATOM.

 

The $ORDI token is estimated to reach a peak price of 100 USD per token, compared to the current price of $3.93 for the ATOM token, indicating a potential 30x increase in the ATOM token's price.

 

With the continuous increase in Bitcoin's price and capital inflow, it's challenging for the price of the ATOM token to retreat below 2.
The key point lies in which CEX with wallet functionality will ultimately join the Atomical protocol. Once determined, the price of the ATOM token will undoubtedly surpass the high of $30.

 

 

Risk Warning:

 

The above content does not constitute any investment advice. The Atomical protocol is currently developing freely within the community, so the related risks remain high. Purchasing ATOM tokens may result in a total loss of funds. Investors are advised to conduct their research (DYOR). Any losses incurred are not the responsibility of BingX.