The next $pepe won't be on ETH, it's on BRC20, why?What are its core values?
Analysis: Narrative drivers and their collapse**.
All in all;If you believe all three points:
Bitcoin ETFs will be passed in the first quarter of 2024
The Bitcoin halving will be driven in early 2024***
V-God will not allow Memecoin seasons as this will affect its ETF applications.
Now is a great time to dive into BRC20.
More) main discussion:
What are the core values of the BRC-20?
Why does the meme narrative appear on BRC and not ETH?
Narrative Drivers Future Opportunities?
When will the narrative collapse?
BRC Core Values
Memecoin Now, I don't think BRC20 offers any broader business value compared to all the other narratives in ETH (RWA, AI, GameFi). BRC-20 is now a meme narrative.
There's nothing wrong with being a meme narrative. $ordi and $SATS have brought great wealth to early buyers, and memes have always been one of the best narratives in cryptocurrency. How is BRC20 different from Memecoin on ETH?
I've found that the most successful memes all have the same characteristics:
A meme-like name
Community Leaders Post and distribute fairly
What are the potential reasons why BRC is a better meme?
Reason (1):Low Liquidity Depth It's common to trade Memecoin in Uniswap, but what about BRC
1.OTC trading mode: low liquidity + no short-selling mechanism
2.Speculation increased, **soared
3.More people get rich, and the marketing effect is stronger.
Reason (2):Ether ETF application.
It's unlikely to see another massive memecoin season on Ethereum anytime soon due to the following reasons:
Ether ETFs are underway and are less likely to pass than Bitcoin. Ethereum is working hard to push for approval, and the SEC is also seeking comments on approval.
Memecoin itself is a speculative activity, a negative-sum game, and not something that the United States is concerned about.
What is the potential driver of BRC?
Bullish factors related to Bitcoin:
Halving or ETF approved.
Exchange listing of BRC assets.
Innovative Ponzi **memecoin
Upcoming opportunities
1) If you think the approval of the 2024 ETF is "not yet" reflected in**, then there is a good chance that there will be a bull market soon (perhaps Q1).
2) ** speculation around the halving (so Q2 might experience a good run?).）
Should I buy it now?
For me, I won't buy it right now because I think December will**. I will probably review my analysis again and decide to buy or not to buy during that time.
When did the BRC-20 narrative collapse?
Remember: a low-liquidity market comes with a faster*** and a faster crash. 2 reasons that led to the collapse of the BRC meme season.
1) Slowdown in investor inflows: BRC20 is a PvP game, and there is less hype to attract new people into the market if there is no new money
2) Oversupply of short-term projects: The market is less liquid and more people are realizing that they have been scammed through these projects reverse marketing.