About the investment potential of SATS

Source: Daoshuo Blockchain

After I wrote about the potential assessment of ORDI, many readers left messages on WeChat and Twitter hoping that I would share about the potential of SATS.

Based on the current market value ranking, ORDI and SATS are the undisputed leaders and second-tier players in BRC-20.

For many ecosystems, we only need to evaluate the leading tokens, because Long Er and Long San in many ecosystems are basically plagiarism of the leading tokens, so Long Er and Long San will take a long-term view. It's hard to get past the faucet.

But for the BRC-20 ecosystem, this situation seems a bit special: because in the BRC-20 ecosystem, the leading one (we temporarily regard ORDI as the leading one) and the second dragon (we temporarily regard SATS as the leading one) Long Er) are quite different in their value orientation and characteristics.

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

The former is the first implementation of new technology, and has not been implemented for a long time. There are too many applications that only started to have breakthroughs in applications last year due to the emergence of inscription technology. The latter is completely application-oriented, and its value has been entirely supported by application scenarios since its inception.

ORDI is basically similar to Bitcoin. It is also the first implementation of a new technology, and it has not yet found empowerment in application scenarios.

But SATS does not seem to be like Ethereum, because it did not seem to be born for application at first. I am afraid it is purely a MEME, or even a joke made by the deployer on a whim, but it was later adopted by Unisat. The team creatively empowered it and was supported by application scenarios.

This dramatic experience of SATS has given it both the characteristics of MEME and the empowerment of application scenarios.

It is this dual attribute that makes SATS burst out with amazing stamina. Its market value catches up and bites ORDI.

I think this situation will most likely continue into the bull market.

So in terms of pure 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 value of ORDI can reach as much as the market value of SATS.

However, I think that for most SATS holders, in addition to being concerned about the market value of SATS, they are probably more curious about another question:

Can the market value of SATS exceed ORDI? ?

The main reason why everyone has this problem is that SATS once exceeded ORDI in market value. Although it fell later, this miracle is really exciting and gives holders a great deal of hope. Big room for imagination.

In the current Bitcoin ecosystem, we have already seen ready-made cases of overtaking: STAMP, which is the king of overtaking 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 literally expresses the connotation of the Bitcoin Stamps (STAMPS) protocol, it shows stronger MEME attributes, thus surpassing KEVIN in market value, becoming the leader and continuing to this day.

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

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

In terms of MEME attributes, both SATS and ORDI have enough "meaning" and "connotation". SATS represents the smallest unit of Bitcoin, and ORDI represents the abbreviation of Inscription Protocol. It is difficult to distinguish between the two in this regard. But in terms of time, ORDI has the advantage, it is the first token. Therefore, in general, it is difficult for SATS to surpass ORDI in terms of MEME attributes.

In terms of empowerment, unlike Ethereum, SATS is led by an idol-like spiritual leader with long-term development plans and rigorous development logic. The development and empowerment of SATS appears to be looser and more haphazard. Therefore, there is a certain uncertainty in the sustainability of empowerment.

This uncertainty may cause it to be unable to continue to be empowered by applications, and it will also be unable to continue to accumulate consensus based on applications.

In addition, there is another indicator that deserves our attention: which one is more resilient in the sluggish market conditions.

The current round of correction is the first adjustment that SATS has experienced after it rushed to the second place and even briefly jumped to the top. According to the current data, during this correction, ORDI seems to be more resilient than SATS most of the time, with ORDI's market capitalization ranking first.

So comprehensively, ORDI's leading position in the long term seems to be more stable, while SATS is still the second leader most of the time. It may use some short-term momentum to surpass ORDI in the short term, but it will be difficult to last.

But even for Long Er, I think the gap between its market value and ORDI’s market value will not be too big. Even if it is low, there is a high probability that it will not be less than 50% of ORDI’s market value.