If you are looking for a long-term investment strategy that can withstand the volatility of the crypto market, you might want to consider HODLing Bitcoin, Ordinals, and BRC-20 tokens. These three assets have different characteristics and advantages that make them suitable for different investors and goals. We will explain what they are, how they work, and why you should HODL them.
Bitcoin is the first and most popular cryptocurrency, created by Satoshi Nakamoto in 2009. It is a decentralized digital currency that operates on a peer-to-peer network, without the need for intermediaries or central authorities. Bitcoin has a limited supply of 21 million coins, which makes it scarce and valuable. Bitcoin is also the most widely accepted and traded cryptocurrency, with a market capitalization of over $1 trillion as of December 2023.
Ordinals are a new type of cryptocurrency that are based on ordinal numbers, which are used to rank objects in a sequence. For example, the first, second, and third place in a race are ordinal numbers. Ordinals are created by a smart contract on the Ethereum blockchain, which assigns a unique ordinal number to each token. The ordinal number determines the value of the token, as well as its voting power and governance rights in the Ordinals DAO (decentralized autonomous organization).
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The lower the ordinal number, the higher the value and power of the token. For example, the first Ordinal token is worth more than the second Ordinal token, and so on. There are only 10,000 Ordinals in existence, which makes them extremely rare and exclusive.
BRC-20 tokens are a standard for creating tokens on the Binance Smart Chain (BSC), which is a blockchain platform that is compatible with Ethereum but offers faster transactions and lower fees. BRC-20 tokens can represent anything from utility tokens to governance tokens to non-fungible tokens (NFTs). Some of the most popular BRC-20 tokens include PancakeSwap (CAKE), BakerySwap (BAKE), and CryptoBlades (SKILL). BRC-20 tokens offer a lot of opportunities for innovation and experimentation in the crypto space.
So why should you HODL these three assets? Here are some reasons.
Bitcoin is the king of crypto and has proven to be a reliable store of value and a hedge against inflation. It is also expected to grow in adoption and demand as more institutions and countries embrace it as a legal tender or an asset class.
Ordinals are a novel and scarce asset that have a lot of potential for appreciation and influence. They are also a way to participate in the governance and development of the Ordinals project, which aims to create a fair and transparent ranking system for the crypto world.
BRC-20 tokens are diverse and dynamic assets that can offer high returns and rewards for various activities on the BSC platform. They are also compatible with Ethereum, which means they can benefit from the network effects and innovations of both ecosystems.
HODLing these three assets can give you exposure to different aspects and trends of the crypto market, as well as diversify your portfolio and reduce your risk. Of course, you should always do your own research and due diligence before investing in any cryptocurrency, and only invest what you can afford to lose. Crypto is a volatile and unpredictable market, but also an exciting and rewarding one. HODLing Bitcoin, Ordinals, and BRC-20 tokens can be a smart and profitable strategy for next year investment.