Top Analyst Shares Essential Insights on RUNES: Reveals His Two Meme Coin Picks from the Ecosystem
As the cryptocurrency market eagerly awaits the upcoming Bitcoin Halving, a new opportunity is emerging in the form of the Runes Protocol.
Set to launch in just four days, the Runes ecosystem is poised to offer early adopters the chance to enjoy a potential 100x ride. In this article, we’ll explore the essential things you need to know about Runes before its launch shared by analyst Tindorr.
What you'll learn 👉
What is Runes?
Runes is not a single project or token, but rather a protocol built on the Bitcoin blockchain. Projects will be building on this protocol and launching their own tokens, which will be tradable after the Bitcoin Halving. This is the most important aspect that degens should understand when considering the Runes ecosystem.
Timeline and Pre-Runes Phase
The Runes protocol is set to launch on the day of the Bitcoin Halving, which is just four days away. Currently, we are in the “Pre-Runes” phase, meaning there are no tokens on Runes yet. However, projects are actively working to gain user bases during this phase, leading to the launch of “Pre-Runes NFT collections.”
Pre-Runes Collections
Pre-Runes NFT collections can be found on marketplaces like MagicEden. These projects are utilizing NFT sales to engage with the community during the initial phase. Each collection has its own unique approach to distributing tokens after the Runes launch.
Runestone: A Leading Example
Runestone, the leading collection by @LeonidasNFT, is one example of a Pre-Runes NFT project. The NFTs were airdropped to users holding more than three inscriptions, with 112,000 eligible wallets receiving Runestone NFTs worth $5,300 each. Runestone holders will receive three Runes memecoin airdrops in total, demonstrating the gamification aspect of gaining new users and building a community.
However, it’s important to note that Runestone’s current market cap of $600 million may limit its upside potential, and its value will be diluted into three meme airdrops that will not be distributed simultaneously.
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Show more +Strategies for the Runes Ecosystem
When approaching the Runes ecosystem, it’s crucial to focus on potential memecoins and infrastructure plays. Potential memecoins are tokens that gain significant attention from the community. Rather than employing a spray-and-pray approach on random launchpad collections, it’s essential to conduct thorough research, gauge the size of the community, and envision the potential growth of each project.
Current Picks: $PUPS and $RUNI
Two projects that stand out in the current Runes ecosystem are $PUPS by @PupsToken and $RUNI by @runes_terminal. $PUPS has the potential to become the first and leading meme coin on the Bitcoin ecosystem, while $RUNI has gained significant hype as an infrastructure play within the Runes ecosystem (although it has not launched yet).
The Runes Protocol presents an exciting opportunity for early adopters to potentially realize 100x gains as the ecosystem develops following the Bitcoin Halving.
By understanding the nature of Runes as a protocol rather than a single project, and by carefully researching and selecting potential meme coins and infrastructure plays, investors can position themselves to capitalize on the growth of the Runes ecosystem.
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