BRC-20 tokens are a new type of fungible token that are minted directly on the Bitcoin base layer using Ordinal Theory. They are similar to ERC-20 tokens on Ethereum but are immutable and cannot be modified. The top three BRC-20 tokens by market capitalization as of July 2023 are ORDI, VMPX, and PIZA, with other tokens to watch including PepeBRC, Wojak Coin, and CNCL. While the BRC-20 token market is still in its early stages and is a high-risk investment, it has the potential for significant growth and could be a good way to get exposure to the Bitcoin ecosystem. It is important to do your research before investing in any cryptocurrency or service.
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