Bitget reproduces the effect of listing coins, continuously launching popular inscription tokens

Author: Luojia Micro

If we talk about the hottest topic in the current market, it must be inscriptions. If we discuss which exchange can keep up with the pace, it can only be Bitget. Since the wave of inscriptions brought by BRC-20, Bitget's speed in listing tokens has been lightning-fast, not only launching these hot tokens ahead of Binance, OKX, and others but also becoming a "barometer" for market speculation to some extent. Today, Bitget has once again taken the lead by announcing the upcoming listing of Mobile.

Bitget Preemptively Lays Out Multiple Hot Projects

Although the explosion of inscriptions has only occurred in the past few weeks, Bitget has long been laying out in this track and is one of the earliest trading platforms to enter this field. Taking ORDI as an example, Bitget listed this token on May 10 this year, while Binance did not list it until November 7, by which time the price of ORDI was nearly $10, whereas Bitget's listing price was only $1, a difference of a full 10 times; SATS, another popular token related to BRC-20, was listed on Bitget on November 9, while Binance listed it on December 12.

MUBI------MultiBit is the first bi-directional cross-chain bridge designed to facilitate cross-network transfers between BRC20 and ERC20 tokens. After MUBI was listed on Bitget, the opening price was $0.07, and the current price is $0.32417, an increase of over 363%; another noteworthy project is Turtsat, which is a community-driven open platform with the mission to become the Gitcoin of Ordinals, providing a space for everyone to build, donate, and influence Bitcoin Ordinals & BRC-20. Similarly, after being listed on Bitget, the price of TURT surged. The opening price of TURT on Bitget was $0.01, reaching a high of $0.085, an increase of 750%.

In fact, users often experience three waves of token price increases: the first wave is the conventional listing effect, the second wave is the explosion of related concepts, and the third wave is the speculation triggered by the listing on Binance. Sometimes the order of the second and third waves may differ, but for users, as long as they can make money, it is fine. Taking ORDI as an example, if one had purchased it on Bitget and held it until now, that $1 would have turned into $50. Initially, after listing, the price soared to over $10, then the listing on Binance triggered another wave, pushing it to over $20, and finally, the explosive growth of inscriptions drove it directly to $50.

In a bear market, a token can bring a 50 fold return; how to find the wealth effect. Interestingly, while the market still champions the "big three," the wheels of fate have already begun to turn. According to the recent "2023 CEX Market Report" released by 0xScope, Bitget's comprehensive market share has now risen to fourth place and is also one of the centralized exchanges with the fastest growth in spot trading. On November 16, the total spot trading volume of ORDI reached 440 million, with Binance's spot trading market at 160 million, ranking first; OKX's spot trading volume was 110 million, ranking second; while Bitget's spot market was 41 million, ranking third.

Bitget Becomes the "Barometer" for Token Listings

Coincidentally, the aforementioned BRC20-related inscription tokens are just the "tip of the iceberg." After the market warmed up in the second half of this year, various hot projects emerged, and Bitget either had already laid out in advance or was at the "front line."

Just mentioning a few well-known tokens makes it clear. BLUR, from the NFT track, was listed on Bitget on February 14 this year, while other trading platforms only listed it after BLUR became popular; PYTH, like LINK, is an oracle project, and Bitget listed it on November 20, two days earlier than others; BONK, a recently popular memecoin, was listed on Bitget as early as January this year; PEPE, another memecoin, appeared in Bitget's spot trading pool on April 18.

Furthermore, Bitget has also preemptively positioned itself for this year's hottest public chain, Solana. JTO, a liquid staking platform on Solana that provides holders with MEV (Maximum Extractable Value) rewards, soared from $0.2 to $54 on its listing day, December 7; SOLS, the inscription token launched by Solana, was listed on Bitget on the 16th with an opening price of $1, reaching a high of $15; ZERO, a new meta-protocol just released on Solana aimed at solving fair releases and liquidity guidance for meme coins and NFTs, was also listed on Bitget on the 15th. Notably, this token was a first launch, presenting an exclusive opportunity for wealth.

Conclusion

Honestly speaking, if it were just about the speed of listing and the number of tokens, there are plenty of other platforms in the industry. However, the issue lies in listing many high-quality tokens, which Bitget has achieved. The tokens listed should enable users to make money, which is what exchanges need to do. Recently, popular tokens like ORDI, TIA, and GAS have continued to rise after being listed on Bitget, providing users with substantial profits.