About the investment potential of SATS

Based on the current Market Cap ranking, ORDI and SATS are the leading and second leaders in BRC-20.

For many ecosystems, we mainly evaluate the dragon Token, because the dragon two and dragon three in many ecosystems are basically plagiarized dragon heads, so it is difficult for Dragon Two and Dragon Three to surpass the dragon head in the long run.

But for the BRC-20 ecology, this situation seems to be a bit special: because in the BRC-20 ecology, the dragon head (we temporarily count ORDI as the dragon head) and the dragon two (we temporarily regard the SATS as the dragon two) are still quite different in value orientation and characteristics.

Writing this, I can't help but think of the relationship between Bitcoin and Ethereum:

The former is the first practice of the new technology, and there has not been much application for a long time, only last year it began to make a breakthrough in the application because of the emergence of inscription technology. The latter is completely application-oriented, and its value has been completely supported by application scenarios since its birth.

ORDI is basically similar to Bitcoin, and it is also the first landing practice of a new technology, and it has not found empowerment in application scenarios for the time being.

But SATS doesn't seem to be quite like Ethereum, because it didn't seem to be born for application at first, I'm afraid it was purely a MEME, and maybe even a joke made by the deployer on a whim, but then it was creatively empowered by the Unisat team, so that it has the support of application scenarios.

The dramatic experience of SATS makes it have both the characteristics of MEME and the empowerment of application scenarios.

It is this dual attribute that makes SATS burst out with amazing momentum, and the Market Cap catches up and bites ORDI.

I think this situation will most likely continue into the Bull Market.

So if purely in terms of potential, I think the potential of SATS is very similar to ORDI, almost indistinguishable. At the peak of the Bull Market, there is a high probability that the Market Cap of ORDI can reach, and the Market Cap of SATS can also reach.

However, I think that for most SATS holders, in addition to being concerned about the Market Cap of SATS, I am afraid that they are more curious about another question:

Can the Market Cap of SATS exceed that of ORDI?

The reason why everyone has this problem is mainly because SATS once surpassed ORDI in Market Cap, although it later fell again, but this miracle is really exciting, giving holders great room for imagination.

In the current Bitcoin ecosystem, we have seen ready-made cases to achieve overtaking: STAMP in the SRC-20 ecosystem is a typical example.

In the SRC-20 ecosystem, the first Token is KEVIN and the second Token is STAMP. However, because STAMP can literally better express the connotation of the Bitcoin stamp (STAMPS) protocol, it shows stronger MEME attributes, thus surpassing KEVIN in Market Cap, becoming the leader and continuing to this day.

Is it possible for SATS to reproduce the miracle of STAMP?

Then it depends on whether the elements that can empower the SATS can exceed the ORDI.

In terms of MEME attributes, both SATS and ORDI have enough "meaning" and "connotation". SATS stands for the smallest unit of Bitcoin, and ORDI stands for abbreviation for Inscription Protocol, which is difficult to distinguish. But in terms of time, ORDI has the advantage, and it is the first Token. Therefore, in general, it is still difficult for SATS to surpass ORDI in MEME attributes.

In terms of empowerment, SATS is not led by a spiritual leader with strong idol characteristics like Ethereum, with long-term development planning and meticulous development logic. The development and empowerment of SATS appears more loose and haphazard. Therefore, there is a certain uncertainty in the sustainability of empowerment.

And this uncertainty may lead to its inability to continue to be empowered by applications, and therefore unable to continue to accumulate consensus with applications.

In addition, there is another indicator that deserves our attention: which is more resistant in a sluggish market.

This current round of correction is the first adjustment experienced by SATS after rushing to Ryuuji or even briefly jumping to the top of the dragon. According to the available data, most of the time in this pullback, it seems that ORDI is more resistant than SATS, and ORDI has the largest Market Cap.

Therefore, on the whole, the leading position of the long-term ORDI seems to be more stable, and the SATS is more often still the second dragon, and it is possible to borrow some short-term momentum to surpass the ORDI in the short term, but it is difficult to last.

However, even if it is Ryuuji, I think the gap between its Market Cap and ORDI will not be too large, and even if it is low, it will probably not be lower than 50% of the Market Cap of ORDI.