Can Inscription still sustain the bull market in 2024?

I have been chatting with friends around me recently, and most people think that the inscription has become cold!

The main reason is that everyone has always believed that the current ecological king has entered the Solana camp, especially the recent airdrop of Solana ecosystem, which has blinded everyone.

The benefits of the inscription have been suppressed, and it seems to be a carefully planned sniper attack. (It may be intentional, or it may be just a coincidence)

Inscription's sector market has been the engine that started the bull market in 2023. It only lasted for a few months. At present, it has entered a consolidation and cooling-off period.

It mainly depends on the current situation & market effect.

Let’s talk about the current status of the leading BRC20.

Inscription is still a meme currency effect. (There are only a few really good IPs. I feel like I have bought them all. They are just signs at the moment.)

L2 and basic applications are currently not perfect, and the inscriptions on these two sections are still in their early stages. (A few have been laid out, and they are currently recuperating)

The big meeting is open at the WEB3 entrance: BRC20 inscription & full chain inscription (No1. No2 platforms are shouting slogans, the timetable has not been released yet)

At present, it takes time to rotate the plates, and the inscriptions also need to be adjusted.

I think the time when the inscription took off was after the Chinese New Year:

It's almost the same time to change hands, plus the freezing period, the paper hand will leave the market.

Time is exchanged for space, L2 & basic applications all use the buffer area and will be launched on some basic platforms.

Bitcoin is halved (there are still 74 days left). Mining owners, the biggest supporters of Inscription, must move to a new battlefield. The loss of computing power along the way will make them even more uncomfortable. The move to Inscription was a planned and impatient change for them.

Binance’s Inscription portal and OKX’s multi-chain Inscription portal are also expected to be online. (This will be the massive traffic port of the currency circle)

If you think 2024 will still be a bull market year, the increase in inscriptions will be indispensable. If you rely solely on SOL, it may be a bit stressful.

A bull market must have multiple hot spots:

Battle of Public Chains [Currently, everyone believes that there is no doubt that SOL will become the third largest public chain. (SOL, BNB, ETH dispute) I bought these. 】

The second layer of BTC achieved a breakthrough. (Many BRC20 applications are doing this, such as DOVI [Layer 2] invested by Kucoin, JUEs [Basic Application], and many others)

Inscription & especially BRC20.

Let’s talk about the BRC20 inscription:

A real bull market must have several phenomenal inscription IPs. able to withstand the test. I think there are only four inscription kings from the BRC20 camp

Sats [Not listed on Binance in Ordi, has always been considered the leader, with the support of Unisat] 1 billion market capitalization +

Ordi [BRC20’s Ordinals Protocol] 1 billion market value +

BTCs [Small cake, if you can’t afford the big cake, buy some small cake, he gives those who missed BTC another chance] Less than 100 million

Insc [He is the ancestor of inscriptions. Currently, OKX only has Ordinals. When it reaches the full chain, Ordinals will be in the directory of Inscripiton. He is the top four inscriptions & inscribed English words. I personally feel that his ROI will be higher] 1000w

With BRC20 alone, I feel that it can at least reach 30% to 50% of the traffic market value of BTC, and it will most likely be on par with BTC in the future. The current market value of BTC is close to 1 trillion. When the bull market comes, BTC should have no big problem if it doubles. If BRC20 is based on the minimum ratio of 30%. That has a market value of at least 60 million (the most conservative estimate). The current BRC20 is less than 10 billion. Calculating conservatively, if the bull comes, then BRC20 still has at least a hundred times the space.

The inscriptions will also subdivide some plate effects.

IP effect (Four Kings + other small IPs) 10% ~20%

Basic applications and platforms 80% ~ 90% [The road ahead will be long and more explosive]

The market value of the IP sector will exceed 100 billion to 200 billion. At present, it is almost 2 billion. So you can make up for it by yourself with a hundred times the space.

PS: Only by following market hot spots can you avoid being abandoned and keep pace with the times. Hot spots in the currency circle come and go too quickly, but the core value support theory will not change. For example, BTC and ETH will take a lot of time to catch up with BNB and SOL. The same is true for the inscription market (Sats and Orid are like BTC and ETH that debuted early, while BTCs and Insc are teenagers who are catching up)

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