Jump to content

Is Inscriptions now the new order in cryptoverse?


Recommended Posts

With the launch of AVAV into the inscription ecosystem, the popularity of this activity is becoming overwhelming as more and more people now inscribe on a blockchain to mint brand new tokens giving rise to a whole new token standards like BRC-20, ASC-20, XRC-20, SPL-20 and more.

More people are now attracted to minting new tokens just by inscribing on a blockchain network and has provided a whole new world of earning more income from the crypto space with little fee. Imagine minting a token for a fee as low as $20 before making as much as $1,000 after listing if all goes well just like what it used to be like in the early days of NFT creation and listing.

AVAV - an ASC-20 token, however is fast becoming the most popular inscription on Avalanche network with inscription temporarily halted atm to control the price as it continues to be listed across exchanges like LBank and Bitmart with Bitget also scheduled to list the token after meeting liquidity.

A little peep into their telegram community shows how vibrant the project is and the token's market potentials.

The question now is could inscriptions be the defining ecosystem of crypto in 2024?

Link to comment
On 13/01/2024 at 18:25, BashJasper said:

With the launch of AVAV into the inscription ecosystem, the popularity of this activity is becoming overwhelming as more and more people now inscribe on a blockchain to mint brand new tokens giving rise to a whole new token standards like BRC-20, ASC-20, XRC-20, SPL-20 and more.

More people are now attracted to minting new tokens just by inscribing on a blockchain network and has provided a whole new world of earning more income from the crypto space with little fee. Imagine minting a token for a fee as low as $20 before making as much as $1,000 after listing if all goes well just like what it used to be like in the early days of NFT creation and listing.

AVAV - an ASC-20 token, however is fast becoming the most popular inscription on Avalanche network with inscription temporarily halted atm to control the price as it continues to be listed across exchanges like LBank and Bitmart with Bitget also scheduled to list the token after meeting liquidity.

A little peep into their telegram community shows how vibrant the project is and the token's market potentials.

The question now is could inscriptions be the defining ecosystem of crypto in 2024?

Absolutely, having just purchased AVAV, through Bitget exchange, I am optimistic about the potential of inscriptions shaping the crypto ecosystem in 2024. The efficiency and speed of transactions on Avalanche, coupled with the growing popularity of AVAV, indicate a broader trend toward inscription-based assets. The scalability and interoperability of the Avalanche network make it an attractive platform for such tokens, fostering a dynamic ecosystem. As more users embrace inscription-based assets for their decentralized and efficient nature, it's conceivable that inscriptions could indeed become a defining feature of the crypto landscape in 2024, reshaping how we perceive and engage with digital assets.

Edited by XTRAVAGANZA
Link to comment
On 13/01/2024 at 19:25, BashJasper said:

With the launch of AVAV into the inscription ecosystem, the popularity of this activity is becoming overwhelming as more and more people now inscribe on a blockchain to mint brand new tokens giving rise to a whole new token standards like BRC-20, ASC-20, XRC-20, SPL-20 and more.

More people are now attracted to minting new tokens just by inscribing on a blockchain network and has provided a whole new world of earning more income from the crypto space with little fee. Imagine minting a token for a fee as low as $20 before making as much as $1,000 after listing if all goes well just like what it used to be like in the early days of NFT creation and listing.

AVAV - an ASC-20 token, however is fast becoming the most popular inscription on Avalanche network with inscription temporarily halted atm to control the price as it continues to be listed across exchanges like LBank and Bitmart with Bitget also scheduled to list the token after meeting liquidity.

A little peep into their telegram community shows how vibrant the project is and the token's market potentials.

The question now is could inscriptions be the defining ecosystem of crypto in 2024?

Those tokens are already trending and if we look at the price performance of ORDI and SAT which are both another inscription projects on BTC; you would start appreciating the project particularly AVAV that seems  to better ERC-20 tokens on Ethereum with some advantages such as faster transactions, lower fees, and higher scalability.

Link to comment
On 13/01/2024 at 19:25, BashJasper said:

With the launch of AVAV into the inscription ecosystem, the popularity of this activity is becoming overwhelming as more and more people now inscribe on a blockchain to mint brand new tokens giving rise to a whole new token standards like BRC-20, ASC-20, XRC-20, SPL-20 and more.

More people are now attracted to minting new tokens just by inscribing on a blockchain network and has provided a whole new world of earning more income from the crypto space with little fee. Imagine minting a token for a fee as low as $20 before making as much as $1,000 after listing if all goes well just like what it used to be like in the early days of NFT creation and listing.

AVAV - an ASC-20 token, however is fast becoming the most popular inscription on Avalanche network with inscription temporarily halted atm to control the price as it continues to be listed across exchanges like LBank and Bitmart with Bitget also scheduled to list the token after meeting liquidity.

A little peep into their telegram community shows how vibrant the project is and the token's market potentials.

The question now is could inscriptions be the defining ecosystem of crypto in 2024?

Hmm! It's a good question and i think the whole concept of inscription which is still in its nascent stage making such an impact, it could be imho.

Link to comment
On 15/01/2024 at 22:42, Maxicreed01 said:

Those tokens are already trending and if we look at the price performance of ORDI and SAT which are both another inscription projects on BTC; you would start appreciating the project particularly AVAV that seems  to better ERC-20 tokens on Ethereum with some advantages such as faster transactions, lower fees, and higher scalability.

That's true mate, brc-20 tokens has opened the gate for other inscription tokens due to the success of ORDI, SATS and RATs. With AVAV  been the first inscription on the avalanche blockchain, am optimistic it could replicate the success of ORDI on Bitcoin blockchain hence the reason I grabbed a decent amount upon its listing on Bitget.

Link to comment
  • 2 weeks later...
On 18/01/2024 at 11:55, Wakanda said:

That's true mate, brc-20 tokens has opened the gate for other inscription tokens due to the success of ORDI, SATS and RATs. With AVAV  been the first inscription on the avalanche blockchain, am optimistic it could replicate the success of ORDI on Bitcoin blockchain hence the reason I grabbed a decent amount upon its listing on Bitget.

AVAV is on accumulation zone...

IMG_20240129_093727.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Thank you for the reply. This may not be the case, the market clearly says it is closed when I try to place a trade. Effectively meaning I am unable to trade outside of the hours specified!
    • Apple’s recent stock weakness marks a divergence with other members of the Magnificent 7 and the broader Nasdaq 100. Source: Bloomberg   Indices Shares Apple Inc. Artificial intelligence Price iPhone Written by: Chris Beauchamp | Chief Market Analyst, London   Publication date: Friday 01 March 2024 13:26 AI Efforts in Question Apple's stock fell below $180 on Thursday for the first time since early-November, underperforming the broader market. While the S&P 500 and tech-heavy Nasdaq indices posted solid gains, Apple shares slipped around 1%. Source: Google Finance The decline comes as doubts loom about Apple's artificial intelligence (AI) initiatives. Rivals like Microsoft are delivering strong earnings growth tied to burgeoning AI technology. This was highlighted by Tuesday's report that Apple is discontinuing its decade-long electric vehicle project. Back in 2017, Apple CEO Tim Cook called the autonomous car endeavour the "mother of all AI projects." Stock Underperforms Broader Market So far in 2024, Apple shares have dropped 3%, trailing the S&P 500's 7% gain and the Nasdaq's 9% climb. Despite its long-term market-beating returns, Apple has recently lagged the S&P 500 on 6-month, 1-year, and 2-year timeframes, according to FactSet data. After spending most of 2021 to 2023 as the world's most valuable public company by market capitalization, Apple surrendered that crown to Microsoft in January. Microsoft's sales and profit growth have far outpaced Apple's, which posted negative growth in its 2022 fiscal year ending last September. AI Investment Hints but Details Lacking At Wednesday's shareholder meeting, Cook suggested Apple is "investing significantly" in generative AI. He said more specifics will be announced later this year. UBS analyst David Vogt predicts Apple's first major AI launch will come in June at its annual Worldwide Developers Conference. iPhone Sales Weakness Looms In addition to AI uncertainties, expectations for weak iPhone sales growth continue to weigh on Apple. iPhones accounted for 58% of Apple's total revenue last quarter. Some See Positives in Car Project Halt Some analysts see a silver lining in the halt of Apple's electric car plans. It enables the company to refocus AI talent on nearer-term products with greater market potential. To Morgan Stanley, it also shows Apple's "cost discipline." Apple analyst rating LSEG (formerly known as Refinitiv) data shows a consensus analyst rating of ‘buy’ for Apple with 10 strong buy, 17 buy, 13 hold and 2 sell – and a mean of estimates suggesting a long-term price target of $201.41 for the share, roughly 16% higher than the current price (as of 1 March 2024). Source: LSEG Technical outlook on the Apple share price The Apple share price continues to precariously weigh on its $180.30 to $179.25 support zone which consists of the January-to-February lows. A fall through and daily chart close below this area looks increasingly likely and would lead to levels being reached which were last traded in early-November with the 3 November low at $176.65 representing the first downside target. Apple Daily Candlestick Chart Source: TradingView Further down sits the $174.49 August low below which key support can be spotted between the September and October lows at $167.62 to $165.67. Were the $180.30 to $179.25 support zone to hold, though, a rise and daily chart close above last week’s high at $185.04 would need to occur, for a recovery off the support area to gain traction. In this scenario the Apple share price would trade back above its 200-day simple moving average (SMA) at $183.90 and target the 55-day SMA at $188.50. This will continue to favour a fall through support at $179.25 to take place as long as the Apple share price continues to trade below last week’s high at $185.04.     This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
    • PG Elliott Wave Analysis Trading Lounge Daily Chart, 1 March 24 The Procter & Gamble Company, (PG) Daily Chart PG Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulse STRUCTURE: Motive POSITION: Minuette wave (ii) of {iii}. DIRECTION: Bottom in wave (ii).   DETAILS: As we are approaching ATH at 165$, we are expecting either an acceleration higher into wave (3) or else we could have topped in wave (C) to then fall back lower and continue the major correction.         PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 1 March 24 The Procter & Gamble Company, (PG) 4Hr Chart PG Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag   POSITION: Wave a of (ii).   DIRECTION: Downside into wave (ii). DETAILS: Looking for a clear three wave move into wave (ii) to finding support around the 155$ mark.   Welcome to our PG Elliott Wave Analysis Trading Lounge, your ultimate destination for detailed insights into The Procter & Gamble Company (PG) using Elliott Wave Technical Analysis. As of the Daily Chart on 1 March 24, we dive into crucial trends shaping the market.         *PG Elliott Wave Technical Analysis – Daily Chart* In terms of wave dynamics, we identify a trend function with an impulse structure, specifically a motive pattern. The current position is in Minuette wave (ii) of {iii}, indicating a potential bottom in wave (ii). With the approaching all-time high (ATH) at $165, we anticipate either an upward acceleration into wave (3) or a potential top in wave (C), followed by a downward movement to continue the major correction. *PG Elliott Wave Technical Analysis – 4Hr Chart* Here, we explore a counter trend mode with a corrective structure, specifically a zigzag pattern. The present position is in Wave a of (ii), suggesting downside movement into wave (ii). We anticipate a clear three-wave move into wave (ii), aiming to find support around the $155 mark.  
×
×
  • Create New...
us