#内容挖矿 #sats#barley
Judging from the current market capitalization ranking, ORDI and SATS are the undisputed leaders and runner-ups in BRC-20.
For many ecosystems, we only need to evaluate the leading tokens, because the second and third dragons in many ecosystems are basically copies of the leading ones, so it is difficult for the second and third dragons to surpass the leading ones in the long run.
But for the BRC-20 ecosystem, this situation seems a bit special: because in the BRC-20 ecosystem, the leader (we temporarily regard ORDI as the leader) and the second leader (we temporarily regard SATS as the second leader) still have great differences 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 implementation of the new technology, and it has not been widely used for a long time. It was only last year that a breakthrough in application was made due to 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. It is also the first practical implementation of a new technology, and it has not yet found empowerment in the application scenario.
But SATS does not seem to be like Ethereum, because it did not seem to be originally created for application. It is probably just a MEME, or even a joke made by the deployer on a whim. But later it was creatively empowered by the Unisat team, thus having the support of application scenarios.
SATS's dramatic experience has given it the characteristics of MEME while empowering it with application scenarios.
It is precisely this dual attribute that has enabled SATS to explode with amazing momentum, with its market value catching up with and surpassing ORDI.
I think this situation will most likely continue into the bull market.
Therefore, if we talk purely from the perspective of potential, I think the potential of SATS is very similar to that of ORDI, and they are almost indistinguishable. At the peak of the bull market, it is highly likely that the market value of ORDI will reach the same level as that 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 SATS’s market value exceed ORDI’s?
The reason why everyone has this question is mainly because SATS once surpassed ORDI in market value. Although it later fell, this miracle is really exciting and gives holders great room for imagination.
In the current Bitcoin ecosystem, we have already seen ready-made cases of overtaking: STAMP, which has overtaken the market 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, since STAMP can more literally express the connotation of the Bitcoin Stamps (STAMPS) protocol, it exhibits stronger MEME properties, 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?
That depends on whether the factors that can empower SATS can surpass 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 the Inscription Protocol. In this respect, it is difficult to tell which one is better. But in terms of timing, ORDI has an advantage, as it is the first token. Therefore, in general, it is probably difficult for SATS to surpass ORDI in terms of MEME attributes.
In terms of empowerment, SATS does not have a spiritual leader with strong idol qualities like Ethereum, a long-term development plan, and a meticulous development logic. The development and empowerment of SATS appear to be looser and more casual. Therefore, there is a certain degree of uncertainty in the sustainability of empowerment.
This uncertainty may result in it being unable to continue to be empowered by applications, and it may also be unable to continue to accumulate consensus through applications.
In addition, there is another indicator that deserves our attention: which one is more resilient to declines in a sluggish market.
The current round of correction is the first adjustment that SATS has experienced after it reached the second place and even briefly became the leader. According to the available data, during this correction, ORDI seems to be more resilient than SATS most of the time, and ORDI's market value ranks first.
Therefore, on the whole, ORDI's leading position in the long run seems to be more stable, and SATS is more often the second leader. It may surpass ORDI in the short term by taking advantage of some short-term momentum, but it is difficult to sustain.
But even if it is Long Er, I think the gap between its market value and ORDI's will not be too big. Even if it is lower, it will most likely not be less than 50% of ORDI's market value. $1000SATS
