Trader Averaging +$500M Profit in Crypto Reveals 10 BRC-20 and Runes Tokens With 100x Potential
A seasoned trader who amassed over $500 million by investing in tokens like GMX (250x gains) and DYDX (100x gains) has turned his sights to the burgeoning Bitcoin ecosystem and the BRC-20 token standard. Arthur Hayes, the trader in question, believes the hype surrounding Bitcoin and its ecosystem is rapidly gaining momentum, presenting a prime buying opportunity based on a tweet by ᴛʀᴀᴄᴇʀ ‘@DeFiTracer’
BRC-20, analogous to Ethereum’s ERC-20 token standard, governs tokens built on the Bitcoin network. Even BitMEX co-founder Arthur Hayes has expressed his belief in the future of BRC-20, actively investing in these tokens.
After an extensive research process analyzing over 100 BRC-20 tokens, Hayes has identified 10 projects he deems to have significant growth potential, which could lead to 100x gains for savvy investors. However, as with any investment, he advises conducting thorough due diligence.
The 10 tokens Hayes has singled out are:
- HULVIN – A promising project poised to disrupt the market and potentially Hayes’ next pick before Bitcoin’s halving event. Market cap: $11.1 million.
- LEVER – A DeFi platform offering leveraged trading opportunities. Market cap: $99.7 million.
- BEFI – Advancing EVM network compatibility with Bitcoin, enabling commission-free BRC-20 token purchases via EVM wallets. Market cap: $14.7 million.
- ORDS – Specializing in merging BRC-20 with ordinal numbers, predetermining liquidity dynamics at the native Bitcoin level. Market cap: $41.4 million.
- PUPS – The first meme coin on Bitcoin, expected to transition to the Runes protocol and surpass PEPE. Market cap: $568.7 million.
- BSSB – A synthetic asset trading and management protocol on Bitcoin. Market cap: $14 million.
- BVM – The inaugural modular metaprotocol on Bitcoin’s L2, allowing launch of new protocols with ease. Market cap: $91.9 million.
- SSNC – Enabling permissionless cross-chain record deployment and creation. Market cap: $7 million.
- MMSS – A project based on the IP address of Black Cat with a dedicated following. Market cap: $4.8 million.
- TURT – A platform for creating Bitcoin Ordinals and BRC-20 tokens, a market leader poised for rapid growth. Market cap: $15.9 million.
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Show more +As Bitcoin’s ecosystem continues to evolve and mature, projects building on its blockchain through the BRC-20 standard could potentially reap substantial rewards for early investors, according to Arthur Hayes’ analysis. However, as with any emerging market, caution and due diligence are advised.
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