Yesterday, OKX launched the perpetual contract of the DOG•GO•TO•THE•MOON rune, which excited the players in the Bitcoin ecosystem. Not only that, in the OKX client, the deposit channel of DOG•GO•TO•THE•MOON has also been listed, but it is still not available.
As Bitcoin continues to hit new highs, the question that Bitcoin ecosystem players ask each other every day, Will Runecoin be listed on the big exchange?, seems to be about to have an answer. Although the current market attention and liquidity are still almost focused on Solana, for Runecoin, this new area, opportunities are gradually maturing after a long period of brewing, giving people a feeling of everything is ready, only the east wind is missing.
According to Geniidata, the top 10 runes in terms of trading volume had a total trading volume of nearly $27 million in the past week. Among them, DOG•GO•TO•THE•MOON rose by 98.2%, MEMENTO·MORI rose by 44.2%, CYPHER·GENESIS rose by 280%, and PUPS·WORLD·PEACE rose by 10.4% after a short break after setting a record high.
If your understanding of the Bitcoin ecosystem is limited to the craze of inscriptions last year, then since then, Rune has gradually grown into the current number one token protocol for Bitcoin. Before OKX officially announced the launch of the DOG•GO•TO•THE•MOON perpetual contract and the suspected launch of its spot, Rune seemed to be not favored by CEX, retail investors, and even Bitcoin conservatives. But in such an environment, there are still communities such as DOG•GO•TO•THE•MOON, PUPS•WORLD•PEACE, and BILLION•DOLLAR•CAT that are growing tenaciously and have a market value of over 100 million US dollars. At the same time, there are also newcomers such as MEMENTO•MORI and CYPHER•GENESIS who are constantly taking over. From no new listing effect to almost every day now, this ecosystem has a total market value of more than 2 billion US dollars without the top KOLs in the entire market calling for orders. Its stability and robustness may only lag behind Solana and ETH.
So in this ecosystem, which targets are worthy of your attention? BlockBeats will sort out the various targets of the Rune ecosystem for you in detail.
DOG GO TO THE MOON
This is Rune No. 3 of the Rune Protocol, i.e. the third successfully deployed ticker since runes could be publicly deployed.
The entire project was initiated by @LeonidasNFT , who is currently the absolute community leader. Although DOG·GO·TO·THE·MOON is an animal coin on the surface, it is actually focusing on the fair narrative. Leonidas has been leading the community to speak to various CEXs to convey the process and spirit of the fair distribution of $DOG to the entire Bitcoin ecosystem.
$DOG has the most coin holding addresses among all Runes, close to 95,000 coin holding addresses. It also has the highest market value, close to $850 million. This should be the most well-known token in the entire Rune ecosystem, with the largest community. Crypto players who like fair narratives will be more interested in it.
PUPS·WORLD·PEACE
The rune of Bitcoin Puppets Puppet Candidate. Puppet Candidate should be the most popular one among Bitcoin NFTs, and it is the only Bitcoin NFT project that appears on Murads NFT ranking chart.
Although this coin was not issued by the author of the NFT series but from the community, it is very successful and is the best rune on Bitcoin. From the perspective of community meme creation, the $PUPS community is stronger than the $DOG community ($DOGs community is not very meme, but more like a movement community).
The market value of $PUPS is now close to $400 million. As the most popular meme in the Bitcoin ecosystem, another image in the ecosystem, GIZMO·IMAGINARY·KITTEN, also has a market value of $50 million. $PUPS has a strong team behind it, and the team has just recovered 8% of the chips and promised to list them on CEX. It is an excellent meme with a strong trading team.
BILLION · DOLLAR · CAT
The Chinese community calls it Billion Cats, just like its English name. And in the ecosystem, it is generally called $BDC.
The current market value is 150 million US dollars. I don’t know this coin in depth, but there is no doubt that its current community and consensus have become solid, which has been established through turnover.
The only meme community with a market value of over $100 million, apart from $DOG and $PUPS mentioned above, is Billion Cats. At present, it can be said to be the second meme community after PUPS.
MEMENTO·MORI
This is the rune that @rodarmor , the co-founder of Ordinals Protocol + Rune Protocol, personally deployed on Inscription 0, which is also the first inscription since the official birth of Ordinals Protocol. This rune is neither a movement nor a meme, but more like a narrative + culture coin.
The coin name MEMENTO·MORI is one of the mottos of the founder Casey, and it was planned to be issued through the first batch of hard-coded. MEMENTO·MORI is a Latin phrase that Casey used as the title of an offline speech before the launch of Rune Protocol last year, which means we will all die eventually, reminding everyone that life is limited and we should live our lives in the present.
Although Casey himself is unwilling to directly call orders based on the principle of fair competition in the ecosystem, he mentioned on Twitter Space that his only rune transaction on the Bitcoin mainnet was to deploy MEMENTO·MORI. He said that regardless of all identities, he is a programmer who types on the keyboard, and $MORI is part of his life story, and it really exists there.
Of course, the main reason for the growing enthusiasm for $MORI is that it is cheap... As a rune with a very strong background, its current market value is still only 25 million US dollars. Compared with Vitaliks cat, which once reached a market value of 80 million US dollars, Casey still needs to work hard...
RSIC·GENESIS·RUNE
Before OKX confirms to launch spot trading of $DOG, $RSIC is still the only rune listed on OKX.
Players in the ecosystem generally believe that the project was personally handled by @rocktoshi 21 , the founder of Node Monkey, who developed the pre-mining gameplay ahead of the launch of Rune, causing FOMO. Now this coin is relatively tepid, and the logic is basically to believe in Satoshi Ishimoto rocktoshi. In addition, there are rumors that the RSIC team helped develop the Rune Swap function of Magic Eden, which may have a certain impact on the recent rise of $RSIC, but the editor cannot verify the authenticity of the rumor.
Currently, $RSIC has a market cap of nearly $80 million.
CYPHER GENESIS
The AI concept leader in the Rune ecosystem. In terms of narrative, it is definitely not as sexy as $GOAT AI self-issued currency. At the beginning, they trained a Voice Satoshi Nakamoto, and then Voice Satoshi Nakamoto gave the currency such a name. However, they have been insisting on the construction of AI, so the price has also skyrocketed 40 times from the bottom.
Of course, Ansem’s call for the rune is the more critical reason for the rune’s surge from the bottom. Currently, the rune’s market value is close to 40 million US dollars.
POOKA · CANNOT · BE · STOPPED
The dog meme image from the Bitcoin blue chip NFT project Ordinal Maxi Biz. Although it is not directly issued by the official, it is currently the only rune mark related to OMB.
The current market value of the rune is close to $4 million.
BASED ANGLES RUNE
Milady is very much like the cryptocurrency version of the famous wrestling group “nWo”, planting flags on every chain. Based Angle is Milady’s officially recognized derivative project on Bitcoin.
The current market value of the rune is close to $4 million.
MAGIC·INTERNET·MONEY
This rune has not been released yet, but you can reserve a top spot right away.
The rune of the ancient Bitcoin meme Bitcoin Wizards, the coin name is one of the most meme slogans of Bitcoin. This coin is currently on BRC-20, and it has been confirmed that it will be migrated to the rune ecosystem. The market value of $WZRD on BRC-20 is now over 200 million US dollars. After the migration is completed in the future, this market value may fluctuate, and the editor tends to think that it will fluctuate upward.
Conclusion
As Magic Eden is about to launch the Rune Swap function, the rune trading experience may be greatly improved. Dotswap actually made a rune swap very early, but due to the lack of ecological heat, people still focus more on trading on Magic Eden. As people get used to switching from NFT pending orders rune trading to Swap, runes should soon enter the Swap era, and more CEXs may gradually notice the growth of runes. The wind of the Bitcoin ecosystem may finally arrive, albeit late.
If you feel tired after playing PvP for a long time on Solana, you might want to pay attention to runes. Find some peace and quiet in the hustle and bustle, divert your attention, and perhaps you will see a different world.
