Bitcoin
With the fourth halving and the birth of runes just two days ago, the rune frenzy has completed a round of reshuffling, according to trading data from OKX. Among the top ten runes in terms of trading volume, only a few are currently in the top ten. So, what are the popular runes now and what stories are behind them? This article by Odaily will take stock.
RSIC•GENESIS•RUNE
Concept: Deployed by @rune_coin, it is the eighth rune and is airdropped to RSIC NFT holders.
Market Cap: $325 million
Total Supply: 21,000,000,000 coins
Pre-mined: 100%, airdropped to NFT holders
SATOSHI•NAKAMOTO
Concept: Named after Satoshi Nakamoto, it is the sixth rune.
Market Cap: $9.433 million
Total Supply: 21,000,000 coins
Pre-mined: 20%, currently no operations
WANKO•MANKO•RUNES
Concept: From an early article written by Casey, the founder of Ordinals. The specific content is not suitable for elaboration in this article. Interested readers can search for it themselves.
Market Cap: $2.684 million
Total Supply: 75,250,000 coins
Pre-mined: 0%
ORDINALS•ARE•DEAD
Concept: After the popularity of Ordinals in May 23rd, it went silent in the third quarter. At that time, there was a saying that Ordinals are dead. When LeonidasNFT, the founder of Symbol Stone, mentioned this slogan again, the popularity of this rune started to soar and it was quickly minted.
Market Cap: $541,000
Total Supply: 444,395,556 coins
Pre-mined: 0%
THE•TICKER•IS•ELSA
Concept: Elsa is the name of Bitcoin OG Hal Finney’s dog. Finney is considered one of the possible people behind Satoshi Nakamoto.
Market Cap: $528,000
Total Supply: 1,000,000,000 coins
Pre-mined: 0%
MEME•ECONOMICS
Concept: The seventh rune, only cost $432 to successfully carve its way into the top ten, while the other runes in the top ten consumed tens of thousands of dollars in network fees.
Market Cap: $1.314 million
Total Supply: 21,000,000 coins
Pre-mined: 20%
RUNESCOIN•DEFI
Concept: The first Rune’s Launchpad of the Bitcoin ecosystem trading platform @dot_swap. The platform announced the launch of AMM functionality for runes.
Market Cap: $194,000
Total Supply: 4,206,900,000,000 coins
Pre-mined: 100%
BITCOIN•WORLD•ORDER
Concept: Pure meme, ranked 88. The community focuses on fair launches without any reservations.
Market Cap: $205,000
Total Supply: 21,000,000 coins
Pre-mined: 0%
ANARCHO•CATBUS
Concept: A line from Casey’s personal profile, the founder of Ordinals, which is called the Rune Cat because of the cat expression it contains.
Market Cap: $287,000
Total Supply: 21,000,000 coins
Pre-mined: 1%
SATOSHI•NAKAMOTO•INU
Concept: Pure meme, claiming to develop the Bitcoin network L3 sidechain according to official announcements.
Market Cap: $124,000
Total Supply: 21,000,000,000,000,000 coins
Pre-mined: 2.1%, announced to be used for Motoswap’s LP
In conclusion, even for the top ten popular rune projects, the trading volume is not high, and only RSIC’s official project has a market cap of over $100 million. Once liquidity is lost, there may be problems with exiting. On the other hand, due to character limitations, the currently long names are difficult to differentiate. Unlike the Runes that have come up with the concept of a zoo, the market has chosen projects that operate in the long term and words related to community culture, which may serve as a basis for future decision-making.
Tags: DOT, OKX, Rune, Bitcoin, Bitcoin halving, Runes
Source link:
https://www.odaily.news/post/5194727
Note: The views expressed in this article only represent the author’s opinion and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6634904
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