What is ORC-20 Tokens ?

#ORC-20 tokens run on the #Bitcoin blockchain and are represented as #JSON (JavaScript Object Notation) files inscribed onto #satoshis with an Ordinal serial number, similar to BRC-20 tokens. Created after the #BRC-20 standard, ORC-20 aims to address a few of BRC-20's limitations by improving security and enhancing flexibility.

ORC-20 expands BRC-20's scope by supporting a wider array of #data formats and leverages Bitcoin's Unspent Transaction Output (#UTXO) model to circumvent the issue of double-spending, which has been a significant concern for some BRC-20 tokens.

What Is the ORC-20 Standard?

The ORC-20 standard is an open standard designed to improve BRC-20 on the Bitcoin network. The ORC-20 standard's objective is to maintain backward compatibility with BRC-20 while improving #adaptability, #scalability, and #security.

How Does ORC-20 Improve the BRC-20 Standard?

The #ORC-20 protocol builds on Ordinals and the BRC-20 token standard. The primary objective of the ORC-20 protocol is to promote the adoption of #Ordinals, digital artifacts that can carry various data types on the Bitcoin network. It enables users to deploy new ORC-20 tokens and migrate existing BRC-20 tokens.

#BRC-20 is an experimental token standard on the Bitcoin blockchain named after Ethereum's #ERC-20. It enables developers to create and transfer #fungible tokens through the Ordinals protocol. BRC-20 has become popular in the crypto #ecosystem, especially after the rise of meme coins like Pepe (#PEPE) in May 2023.

How Does ORC-20 Prevent Double-Spending?

The transaction model used in ORC-20 is based on #Bitcoin's #UTXO model. When a transfer occurs, the sender specifies the amount to be #received by the receiver and designates the remaining #balance to be sent back to themselves, simplifying the transfer process.

Risks of ORC-20 Tokens

Those who intend to invest in #ORC-20 tokens should first understand that ORC-20 is an #experimental project, and there is no assurance of the value or usefulness of tokens produced using this standard. While ORC-20 may potentially improve the token standards of the #Bitcoin network, it has received criticism for being #complex and not offering significant advantages over existing standards.

#DATA/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 89 - 102 - 119 - 135 satoshi

Stop if 1D closes below 69 satoshi
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#DATA/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.03082 - 0.03667 - 0.0445 - 0.05055

Stop if 1D close below $0.02273
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#DATA made a quick shot to the upside and goes just above the 1st Take-Profits area and made around 15.6% in profits. Trail the stops with swing points in the market.

#DATA in #BTC pairs also moved with making a high of 83 Satoshi, which is 12.5% in favor. I hope you secured some at the top.

#DATA made a very sharp jump to the upside and achieved all its target easily. Price made a high of $0.098, which is 261.6% in massive profits. I hope you book all the profits with the rising market price.

#DATA in #BTC pair also performed the same and pumped massively. Price made a high of 231 Satoshi, which is 213% in profits 🚀🚀

#DATA / USDT : Technical Analysis

TF : 4h

- After an impulsive bullish move, the price is currently undergoing a correction.

- However, the overall trend remains bullish. The price is trading near the 200EMA, and we anticipate a bullish momentum soon, which could lead to a test of previous highs.

- It is advisable to wait for the price to break out of resistance before considering a long entry.

Expected Returns : 25-65%

Plan :
Entry : $0.0545
Targets :
i ) $0.0690
ii )$0.0898
SL : $0.0425

#PRA
#DATA / USDT :

TF : 4H

- The price is currently in an uptrend above the 200 Exponential Moving Average (EMA) on the higher timeframe (HTF).

- After a strong bullish move, the price is currently undergoing a correction phase and consolidating sideways near the support zone close to the 200 EMA.

- There is an expectation that the price will rebound from this level and test the previous swing highs.

Expected Returns : 30-70%

Plan :
Entry : $0.0530
Targets : $0.0687 and $0.0902
SL : $0.0386
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#PRA
#DATA/USDT analysis -

#DATA is in an uptrend and is making higher highs (HHs) and higher lows (HLs) structure while trading above the 200 EMA. The price is currently consolidating over the trendline support and is expected to bounce back from there to continue its trend. Aim for the recent swing high as a potential target. Enter on breakout of $0.05837 level.

TF : 1D
Entry : $0.05837
Target : $0.09040
SL : $0.04445
@RG_Analitics
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#PRA
#DATA/USDT analysis :

#DATA is currently trading above the support zone and is expected to break it, continuing its bearish direction. Since the price has already been rejected from the 200 EMA, a support break is anticipated soon. For a short entry, wait for the price to break below the $0.03437 level.

TF : 1D
Entry : $0.03437
Target : $0.02766
SL : $0.03864
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