You may kiss the frog now
Don’t we all wish investing were as straightforward as a fairy tale? Like the princess who discovered the ugly frog, gave it a kiss, and watched it transform into a prince, leading to a happily-ever-after. Perhaps our moment is upon us.
Get ready to turn meme into green as we embrace the upcoming crypto bull market!!
Recently, a friend reignited my Degen side by introducing me to the art of Bitcoin Frog on the BRC-20 network. Beyond its unique charm, the potential for profits caught my eye, with the floor price currently standing at 0.063 BTC. However, the twist in my tale lies in the fact that I currently find myself without any Bitcoin position.
No thanks to the hype surrounding the Blackrock BTC ETF news, a significant impermanent loss resulting from my Uniswap v3 ETH/WBTC liquidity pool position, has left my Bitcoin reserves depleted. The prospect of buying green candle Bitcoin now only to transform it into a frog JPEG doesn’t sit well with me, prompting a thoughtful exploration of new strategies.
The following are my opinion and I hope it will give you some insight, it’s probably nothing.
After careful consideration, a promising approach has surfaced: a moonshot investment opportunity in BRC-20 tokens. Initially dismissing BRC-20 as a passing trend, it has become apparent that the network has established a dedicated following. In my view, the ongoing enthusiasm and buzz are fueled by Bitcoin miners strategically incentivized to maintain heightened activity. They intentionally induce congestion, effectively elevating mining fees.
Looking at the recent gas fee data, degens are paying more than $3,000 gas fee for minting free tokens that are typically priced below $500. Blockchain activeness, measured by the frequency and volume of transactions, reflects the network’s utility and relevance. A blockchain with consistent activity suggests a thriving ecosystem and increased potential for long-term value.
Besides, a notable shift in perspective occurred when looking the latest listing of ORDI on Binance. Unlike the typical dump associated with CEX (Centralized Exchange) listings, ORDI demonstrated an impressive doubling in value within just 24 hours. This unforeseen ETF development has reignited the FOMO (Fear of Missing Out), prompting a reevaluation of market dynamics.
I believe this new network satisfies our long-lost dopamine hits from the lack of excitement due to the prolonged bear market. This primal reward system is effectively manipulated by Bitcoin miners, enticing us to become apes hoping for exponential returns. However, I am somewhat convinced that there is significant profit potential in this new network as we are still early.
Showing up early is paramount in seizing opportunities and staying ahead in dynamic environments. Whether in investments, technology, or emerging trends, early adopters gain a distinct advantage. Early entrants often have the chance to maximize potential returns as assets or opportunities experience rapid growth in their initial stages. This proactive approach also aids in mitigating risks, as early adopters can observe and adapt to market dynamics before they become mainstream.
Amidst the intricacies of the BRC-20 network, I think the SATS token emerges as a standout for now. With its role as the designated gas token for Unisat, enhancing its appeal as a strategic investment choice as compared to other BRC-20 token. SATS is short for Satoshis, the smallest unit of Bitcoin. One Satoshi (SATS) is equal to 0.00000001 BTC.
If my thesis holds true, this moonshot strategy not only aims to replenish my BTC position but also strives to pave the way for acquiring the desired Bitcoin frog NFT and subsequently turning the frog into more Bitcoin. The dynamic landscape of the market, shaped by unique tokens like SATS and unexpected performances like that of ORDI, highlights the ever-changing nature of cryptocurrency investments.
With the return of the new bull market, it’s important to explore emerging opportunities early. The BRC-20 network may or may not already be in bubble territory. Exploring a bubble is a key component of financial literacy, empowering us to differentiate between speculative manias and sustainable trends. The revived bull market presents a good excuse to explore the excitement in the BRC-20 space.
It’s crucial to note that this writing isn’t financial advice but a personal journal — a commitment to a plan and an outlet for expressing my pent-up thoughts like the pent-up FOMO in the altcoins market now. It’s essential to acknowledge that higher rewards often come with higher risks. Ultimately, making money is about risk management. Fingers crossed as we embarked on the journey in turning an ugly frog into a prince.
Thanks for reading, please follow me if you enjoy the way I write and stay tuned for more crypto & DeFi content!
