Recently, the cryptocurrency market has been hot, with Bitcoin prices approaching $100,000, while memes continue to absorb market funds, creating many hundredfold and thousandfold coins. In this market situation, the Bitcoin ecosystem and rune memes may become the next market focus. (Background: MerlinStarter is launching a new IDO at half price for $BitmapTokens) (Background Details: MerlinStarter will launch a new IDO on November 20, at half price for $BitmapToken) This article is written by Ethan and does not represent the stance of the editorial team. This round of the market differs from previous ones due to the new bull market brought about by the Federal Reserve's interest rate cuts and the elections. In this market cycle, aside from BTC and SOL continuously breaking previous highs, other mainstream coins have remained stagnant. From the racing track perspective, memes are the only segment that has absorbed market funds and achieved continuous growth, with market liquidity and attention focused on memes, leading to frequent emergence of hundredfold, thousandfold, and even ten-thousandfold coins. If Bitcoin's surge can be attributed to the favorable macroeconomic conditions brought by the elections, then the sustained popularity of memes is another outlet for this round of benefits, and the Solana ecosystem is currently the main meme market, thus SOL is at the forefront of being continuously empowered. In fact, the Solana ecosystem's memes have now reached $20 billion, roughly doubling since early October. After November 21, memes in the Solana ecosystem collectively experienced a pullback, with popular Solana ecosystem memes generally experiencing daily declines of over 20%, where $QUANT had a daily drop of 52%, $URO dropped by 47%, RIF dropped by 31.7%, and $GOTA and $ai16z both saw daily declines around 25%. Currently, the total market value of Solana's meme market is still shrinking, so where will this capital flow? Currently, it seems likely that the surge of Bitcoin is causing a bloodsucking effect on the overall market. Although this is a blow to many meme players on Solana, from another perspective, will the Bitcoin ecosystem return to the center stage of memes again, similar to the previous wave of inscriptions? It is highly likely! Moreover, the one most likely to take over the heat baton from Solana this time is the rune ecosystem of the Bitcoin ecosystem. The rise of rune memes is evident, and perhaps the next hundredfold coin value pit has already formed favorable preconditions for an explosion in the rune meme segment. Firstly, Bitcoin is currently surging towards $100,000, and many people are confident in Bitcoin's continued rise, especially since Trump won the election and continuously created new political benefits that have led to large-scale inflows of external capital into Bitcoin. Therefore, Bitcoin is currently the latest value aggregation point in the market, attracting significant market attention and focus. During the previous rise of the inscription market, a series of Bitcoin ecosystem infrastructures were already built, such as Merlin Chain, BEVM, and Babylon, and with Bitcoin's soaring and the continuous accumulation of attention value, the Bitcoin ecosystem will again obtain a steady stream of liquidity in the new round of market conditions, which is a key factor for it to become the new battlefield for memes again. Looking at the current development status of Bitcoin's meme ecosystem, the Bitcoin meme system is currently severely undervalued. In fact, previously KOL @theunipcs stated on Twitter that Solana memecoins account for about 13% of SOL's market value, Ethereum memecoins account for about 7% of ETH's market value, while BTC memecoins only account for about 0.16% of BTC's market value, and based on Bitcoin's overall performance, BTC memecoins are clearly undervalued, with huge growth potential. In this round of market cycles, many hundredfold coins are expected to emerge. On the other hand, the previous explosion of Bitcoin's inscription ecosystem came from Binance launching $ORDI and $Sats, which completely ignited the market's sentiment and heat. As the fuse for the previous explosion of the inscription market, Binance has recently taken action again, reportedly starting to list Runes in succession, and two days ago nominated $DOG and $PUPS, triggering a comprehensive surge in the rune market. If these nominated runes go online in either spot or futures form, it will be a significant victory for the rune market and will again become an important event to ignite the Bitcoin meme market. Afterwards, major CEXs, fundamentalists, Bitcoin miners, etc., will become the fire starters. Therefore, the Bitcoin ecosystem is likely to welcome another wave of memes, even stronger than the previous round, and runes will likely take over the heat baton from Solana memes, carrying the banner of the Bitcoin memecoin system. In fact, with the situation already very clear, Merlin Chain, as the largest Layer 2 ecosystem of the Bitcoin system, has already begun to take the lead, with the latest IDO activity of the first and largest native LaunchPad platform MerlinStarter on this chain, launching the top rune $Bitmap Token at half price, and the market has high expectations for this IDO. If Binance is the fuse for this rune meme segment explosion, then MerlinStarter is the whistleblower before the fuse was lit. The half-price launch of MerlinStarter represents the new opening of the wealth effect in the rune market. Speaking of BTC Layer 2, one must mention Merlin Chain. As the largest Layer 2 ecosystem of the Bitcoin system, Merlin Chain quickly formed network and capital effects after the token launched on People's LaunchPad in February this year, with over a million on-chain users participating. After launching staking, Merlin Chain's staking scale exceeded $500 million within 24 hours (including BTC, BRC420, BRC20, and Bitmap assets). Thanks to the strong support of the Bitcoin community, Merlin Chain's TVL reached a peak of $3.6 billion in a short time, including $1.75 billion in BTC and $980 million in BRC-20 assets. In terms of the ecosystem, Merlin Chain has attracted over 200 decentralized applications (dApps), covering DeFi, NFTs, and gaming, becoming one of the most important Layer 2 protocols in the Bitcoin ecosystem. As the first and largest LaunchPad platform on this chain, MerlinStarter has been continuously empowered along with the rise of Merlin Chain. In fact, this year MerlinStar...

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