RATS is a BRC-20 meme token inspired by one of the most prolific mammals on Earth. Launched on March 11, 2023, RATS follows the BRC-20 token standard, which is conducive to creating fungible tokens on the Bitcoin blockchain. The absence of a conventional whitepaper, website, or formal roadmap distinguishes RATS from other tokens within the crypto market.
The community’s interest is highlighted by RATS’s impressive market capitalization of around
$66.4 million shortly after its launch and 24-hour trading volume that exceeds $17.8 million. This momentum demonstrates the increasing popularity of animal-themed cryptocurrencies, which combine internet culture with the cryptocurrency space.
Influence of the Bitcoin Ecosystem on Animal-Inspired Tokens
The broader Bitcoin ecosystem is critical in the popularity of animal-inspired meme tokens like RATS. With the Bitcoin Ordinals protocol, developers can inscribe digital content on satoshis, allowing for innovative use cases and applications, including meme tokens. This evolution promotes more excellent utility and versatility for tokens like RATS within the Bitcoin blockchain, which has long been associated with digital currency transactions.
As RAT trends gain popularity, animal-inspired tokens have captured the community’s interest with their engaging and humorous appeal. The rise of these tokens reflects a growing demand for accessible and entertaining cryptocurrency options that attract a diverse range of users beyond traditional investors. This trend has brought attention to RATS and has helped meme coins secure significant positions in the market.
Unique Features of Animal-Inspired Tokens
Animal-inspired meme tokens like RATS are characterized by several features that enhance their appeal:
- Community-Driven: RATS’s success significantly relies on community engagement. The token is supported by passionate advocates, facilitating ongoing growth and adoption.
- Scarcity and Value: RATS is built on the BRC-20 standard, which enhances its uniqueness and scarcity. Unlike traditional tokens that can be produced infinitely, RATS’s limited supply increases its potential long-term value.
- Innovation: Using the Bitcoin blockchain, RATS showcases the intersection of creativity and technology, providing a model for future meme tokens.
Mechanism and Architecture of RATS
RATS operates on the Bitcoin blockchain through the BRC-20 token standard, leveraging Bitcoin’s security and decentralization. The architecture allows RATS tokens to be minted, transferred, and stored via the Bitcoin network, ensuring their authenticity and security.
The BRC-20 standard parallels Ethereum’s ERC-20, allowing for DeFi advancements on Bitcoin, formerly limited to simple transactional functions. This capability makes RATS not just a meme token but also a part of the evolving Bitcoin financial ecosystem.
Current Market Price and Trends
The price structure of RATS on CoinEx is a critical consideration for traders and investors, offering insights into its market and trading behavior. The market price, influenced by collective buying and selling activities, exhibits typical volatility seen in meme tokens, often reflecting broader market trends and community engagement.
Trading volumes further emphasize RATS’s liquidity and market interest. Notable activity includes exceeding $34.92K in daily trading volume and showcasing its appeal to diverse market participants.
Market capitalization, calculated by multiplying the current price by the circulating supply, provides a snapshot of RATS’s overall value within the cryptocurrency ecosystem. With a
market cap of approximately 93M, RATS strengthened its CoinEx presence. Its 24-hour price fluctuations, ranging from 0.00008954 to 0.0001262, underline its short-term trading opportunities, making it an attractive option for those seeking to capitalize on price movements.
How To Buy RATS on CoinEx: A Step-by-Step Guide
Purchasing RATS tokens on CoinEx is straightforward. Follow these steps to acquire your tokens:
- Create an Account: Visit the CoinEx website and sign up for a new account. You’ll need to verify your email address.
- Deposit Funds: After creating your account, deposit funds. You can add cryptocurrencies or fiat money depending on the exchange’s available options.
- Navigate to the RATS Trading Page: Locate the RATS/USDT trading pair on the CoinEx platform once your balance is funded.
- Choose Your Order Type: Decide whether to place a market order (buy at the current price) or a limit order (define your buying price).
- Enter the Amount: Specify the number of RATS tokens you wish to purchase and complete the order.
- Confirm and Execute Your Order: Review the details of your transaction and confirm the order. The RATS tokens will appear in your balance once the transaction is complete.
These cryptocurrencies are growing quickly, attracting both experienced investors and beginners to join this exciting and ever-changing market.
Project Overview
- Project Name: RATS
- Project Website: https://ratstoken.net/
- X: https://x.com/ratscoinx
- Total supply: 1000.00B
- Explorer: https://ordinalswallet.com/inscription/77df24c9f1bd1c6a606eb12eeae3e2a2db40774d54b839b5ae11f438353ddf47i0
- Contract: 77df24c9f1bd1c6a606eb12eeae3e2a2db40774d54b839b5ae11f438353ddf47i0
- Supported CEX: CoinEx
- Convenient for users to know in time: https://www.coinex.com/en/info/RATS
