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Home Crypto News & Analysis Bitcoin

Runes on Bitcoin continue to defy market-wide meme coin sack –

by Dr. Jane Chen
June 12, 2024
in Bitcoin
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Runes on Bitcoin continue to defy market-wide meme coin sack –
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What is DOG•GO•TO•THE•MOON? With meme coins getting all over the place, Bitcoin Runes are holding steady with Dog Go To The Moon (DOG) leading the pack – here’s what you need to know.

Since Bitcoin crashed from $70,000 to $66,200 at the start of the week, meme coins have taken an even bigger hit.

Many of the major meme coins have dropped between 10-30% in the past few days. One meme that stands out green in a sea of ​​red is the Bitcoin Rune, DOG•GO•TO•THE•MAON (HOND).

What is DOG•GO•TO•THE•MOON?  With meme coins catching on all over the place, Bitcoin Runes are holding steady with Dog Go To The Moon (DOG) leading the pack - here's what you need to know.

(COINMARKETCAP)

DOG•GO•TO•THE•MOON: Unpack DOG’s journey to the moon so far

Launching in April of this year, DOG quickly became the leading rune on Bitcoin.

The ladder behind DOG started with a visionary move by LeonidasNFT on X.

He initiated a groundbreaking airdrop of “Runestone” to over 112,000 early adopters of Bitcoin’s Ordinals protocol.

This historic event led to the mining of the largest Bitcoin block ever recorded, the most substantial inscription known to Blockspace.

The only thing you had to do was have an address with 3 inscriptions within the first 12 months of the Ordinals protocol, and you were eligible for the Airdrop.

Only $DOG is truly free and fair. It’s cool to get an air drop. But there is additional risk when part of the supply is controlled. $DOG is mat proof! 🐶🚀⚪️https://t.co/UIqVNZnlH9 pic.twitter.com/eKb2W5JRzq

— Ghyzmo (@GGhyzmo) June 11, 2024

The story of Runestone reached a new milestone with the launch of DOG. It was the first meme coin launched on the Bitcoin blockchain via the Runes protocol.

An Airdrop initiative was announced as a reward to the early backers of the Runestone Project and to promote further community involvement.

DOG has been aired to all Runestone containers. This move was made to reward holders for their early support of the Ordinals innovation.

DOG continues his journey to the moon as the most meme casualty

What is DOG•GO•TO•THE•MOON?  With meme coins getting all over the place, Bitcoin Runes are holding steady with Dog Go To The Moon (DOG) leading the pack – here's what you need to know.

(COINGECKO)

DOG is up almost +16% in the last 24 hours and over 210% in the last 30 days.

While the price is steadily rising, one interesting piece of information is that the holders are falling, down -25%.

This is most likely due to investors who received the DOG airdrop selling their bags as the price continues to rise.

While profit is profit, these investors are selling into strength as DOG continues to defy the rest of the market and turn red.

Statistics for Hot #Runes Tokens: [ 1] $DOG•GO•TO•THE•MOON: +32.54% [ 2] $RUNES•X•BITCOIN: +9.87% [ 3] $SATOSHI•RUNE•TITAN: -23.95% [ 4] $STARGATE•BTC•ECO: -6.97% [ 5] $COOK•THE•MEMPOOL: +14.85% [ 6] $NICOLAS•PI•RUNES: -4.24% [ 7]… pic.twitter.com/N7mQL2ROYB

— Nathan (@neos2022) May 29, 2024

Many community members theorize that a Binance listing is imminent for DOG, which would be monumental.

Binance has listed many BRC-20 tokens, but so far they have not listed a Rune project. It currently processes over $50 million in volume daily while not being listed on any tier-1 exchanges.

With a market cap of nearly $700 million, there is a good chance that Binance will capitalize on the Meme Rune hype and DOG listing in the near future.

Yes, @binance indicates a $DOG listing. 👀 pic.twitter.com/8d7yHWeCoW

— Tasties Shill (@Tasties_Shill) June 11, 2024

But while DOG thrives in the spotlight, retail investors are still looking for the best hidden gems in the Inscriptions space ahead of theorized big gains later this year.

Could This Be The Biggest BRC-20 Token Launch Of 2024 (Many Analysts Predict It Will Be)

Amid the downturn, one BRC-20 presale is breathing life back into the market as smart money investors’ appetite grows for the biggest opportunity in Bitcoin today.

Stop for a moment and think about all the time you spent studying crypto hours? days? weeks?

Imagine if, when you first discovered cryptocurrency, there was an incredibly user-friendly ecosystem that equipped you with all the tools and knowledge you needed to become an extraordinarily profitable trader.

Now imagine if every second you spent studying on that platform paid you.

That sensational idea is fueling the viral growth of the 99BTC presale, which exploded in the BRC-20 vertical, generating a whopping $2 million in the past few weeks.

Built by an intrepid team of OG developers and powered by the long-running 99Bitcoins Bitcoin Education Course, this new Learn-2-Earn ecosystem is expected to explode in 2024.

At the heart of this projected growth is the product’s expected popularity, with the ranks of new users expected to be enrolled in the crypto ecosystem in 2024.

In a similar fashion to Coinbase’s BASE chain (which aims to onboard new users via the Coinbase CEX), 99BTC will undertake dramatic growth as new users discover the magic of learn-2-earn education via one of the most prominent crypto education sites in the industry: 99Bitcoins.

So if you missed DOG•GO•TO•THE•MOON, don’t miss your chance to get in early and unlock the lion’s share of potential 50x winnings.

Buy 99BTC here

EXPLORE: SEC Warns Investors About Crypto Fraud, Reveals Tactics Used by Fraudsters

Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and is not investment advice. You can lose all your capital.



Disclaimer for Uncirculars, with a Touch of Personality:

While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.

No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.

And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.

Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!

UnCirculars – Cutting through the noise, delivering unbiased crypto news

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Dr. Jane Chen

Dr. Jane Chen

Armed with a PhD in cryptography and years of research, Dr. Chen dives deep into the technical intricacies of blockchain. Her insightful analyses of white papers and on-chain data provide a unique understanding of the technology's potential and limitations.

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