Developers announce three airdrops, Runestone market cap hits all-time high surpassing BAYC
Table of Contents
Table of Contents
Runestone Floor Price Hits All-Time High
CoinGecko data shows that the Bitcoin runic project Runestone has surged over 20% in the past 24 hours, reaching 0.0741 BTC, approximately $5,286, with a market capitalization of $590 million, surpassing the Bored Ape's $413 million floor price of 11.8 ETH.
Ordinals Developers Tease Three Airdrops
Ordinals developer Leonidas recently teased on Twitter that Runestone holders will receive three different meme coins through airdrops.
Two of the airdrops will be released in April and later this year, while the third will be distributed after Runestone becomes a top meme coin hub, with one of them being dog-related.
He also mentioned that coins like DOGE, SHIB, and WIF will have a hard time competing with meme coins on the Bitcoin chain, stating:
Runestone is unstoppable, the free and fair distribution mechanism is a movement, and everyone is not yet ready for the future of Bitcoin.
Aside from the inscriptions, how will the Rune protocol drive market speculation again?
RUNESTONE HOLDERS WILL NOT BE AIRDROPPED A RUNES MEMECOIN
RUNESTONE HOLDERS WILL BE AIRDROPPED THREE RUNES MEMECOINS
ONE LATER THIS MONTH
ONE LATER THIS YEAR
ONE WHEN WE BECOME THE TOP MEMECOIN IN THE WORLD
ONE OF THESE WILL BE A DOG
DOGE, SHIB, AND WIF MUST BEND THE KNEE…
— Leonidas (@LeonidasNFT) April 5, 2024
Is Coin Issuance on the Bitcoin Chain Key to the Bull Market?
Runestone initially conducted airdrops in the form of inscriptions in February this year, with prices rising from $1,300 in over-the-counter trading to $5,000 and 0.074 BTC.
However, NodeMonkes, which soared to 0.89 BTC in early March, has now fallen to 0.52 BTC.
NodeMonkes Floor Price Approaching 1 BTC, Surpassing Bored Apes to Become the Second Largest NFT Project
Market participants hold different views on the emergence of the Runes protocol, with Binance recently announcing its exit from the Bitcoin NFT market and lack of support for Runestone.
DeFi researcher Ignas believes that Ordinals and Runes are significant innovations in this bull market cycle and urges investors to quickly understand the overall ecosystem.
No More Playing Around! Binance to Halt Bitcoin NFT Trading and Recharge Services, Will Not Support Runestone
Don't fade the Bitcoin ecosystem.
I had 0 #BTC before this bull run.
Now, Bitcoin and BTC assets are a big % of my portfolio.
Yes, BTC won't pump 100x, but BTC Ordinals/Runes will and already do!
I bought Nodemonke at 0.03 BTC, now it trades at 0.47 BTC – up by 1466%.
Ansem…
— Ignas | DeFi Research (@DefiIgnas) April 6, 2024