How to speculate on Runecoin? An article on six popular Rune protocol tokens

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24-04-24 17:47
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What are the projects worth paying attention to in the Runes ecosystem that is expected to be fully utilized?


As the launch of the Runes mainnet attracted a lot of attention, the crypto market has rebounded after a few days of correction. Runes, which was launched in conjunction with the fourth halving of Bitcoin, made miners earn a lot of money due to the popularity of Runes and the surge in Gas before they had time to feel sad about the halving of mining rewards. The online jokes of "recharge 1000u, profit 10u" have been coming one after another, constantly stimulating retail investors to find new prey.


Before Runes was launched on the mainnet, its ecosystem already had assets with a market value of nearly US$1 billion and more than 20 infrastructure platforms. Today, new projects of the Runes protocol are emerging frequently. In order to support Runes, various Bitcoin ecological tools have been connected to the Runes network one after another, and the NFT market Magic Eden has also launched Runes, and the expectations are fully utilized.


In order to help the community find Alpha opportunities on Runes, BlockBeats once wrote about how to use various tools to cast runes, including 0-9 runes, etc. In addition to runes 0-9, what other investment opportunities are there? In this article, BlockBeats has selected 6 Runes tokens that are currently worth paying attention to for introduction.


WANKO•MANKO•RUNES


On April 21, the rune WANKO•MANKO•RUNES ended coinage, with a total supply of 75,250,000 pieces. 10,000 pieces can be minted at a time, and 19,000 pieces have been burned so far. There is no pre-mining for this rune, and Casey, the founder of Ordinals, agrees with this.



In addition, the official website of the rune also displays a meme article signed by Casey Rodarmor. Upon investigation, the article was a short story published by Casey Rodarmor on his personal blog in 2021, and Casey also retweeted the rune-related tweets many times.


According to SatoSea data, the address with the highest rune casting cost $58,000 to cast 254 runes. At the current market price of $0.48, the current price of these runes has reached $1.21 million. The token is currently listed on the Gate exchange, with a market value of approximately $31 million at the time of writing. It rose to $0.69 within 3 hours of opening and then fell back.


BITCOIN•PEPE•MATRIX


BITCOIN•PEPE•MATRIX was deployed on April 21, 2024, with a total supply of 6,942,069,420 pieces, no pre-mining, and 69,420 pieces can be cast at a time. Currently, 69,420 pieces have been cast and burned. As of the time of writing, the number of holders is nearly 17,000. If the rune list is ranked by the number of holders, this rune ranks fourth.


It is reported that BITCOIN•PEPE•MATRIX once rose 15 times overnight, and its market value was about 3.5 million US dollars as of the time of writing. The project used the magical pepe emoticon package and the 69 420 concept mentioned by Musk before, which attracted a lot of attention.



MEMEPOOL•SPACE


MEMEPOOL•SPACE contains 20,000 tokens per sheet, with a total supply of 2.1 billion tokens and no pre-mining.


MEMEPOOL•SPACE was created by Seattle designer Billy Restey, who has participated in the design of inscription projects many times. MEMEPOOL•SPACE was deployed on April 23rd and immediately became the 5th largest rune within 7 hours of opening forging. It has now been minted.



ANARCHO•CATBUS


This rune is derived from the ANARCHO-CATBUS mentioned in Casey's Twitter introduction. This rune was deployed on April 20, 2024, with a total supply of 21,000,000, and 2100 can be minted at a time. Of the total supply of ANARCHO-CATBUS, 210,000 were used for pre-mining, and the market value is approximately $7 million as of writing.


According to Unisat data, ANARCHO•CATBUS has a daily transaction volume of more than 7 bitcoins, ranking fifth in the rune transaction volume ranking, with a 24-hour increase of 227.81%.



SEPPUKU•IN•MAY•AND•GO•AWAY


The total supply of SEPPUKU•IN•MAY•AND•GO•AWAY is 21,000,000, with 100,000 pre-mined and 1,000 minted at a time.


The rune was deployed on April 24, 2024. On the day of deployment, Casey, the founder of Ordinals, posted on the social media platform to express his concern about the rune. Or affected by this, SEPPUKU•IN•MAY•AND•GO•AWAY was quickly sold out within four hours of deployment.



THE•GOD•OF•BITCOIN


Each of THE•GOD•OF•BITCOIN contains 100,000 tokens, with a total supply of 16,113,500,000, of which 15 billion are pre-mined supply for airdrop to wallets that activate totems. THE•GOD•OF•BITCOIN was deployed on April 21 and has currently minted 76.73%.



BlockBeats reminds users that Runes are new tokens in the Bitcoin ecosystem and have no actual value. The price fluctuates greatly and users need to pay attention to the risks.


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