Bitcoin-based meme coins have started to attract great interest again as the price approaches $100,000. Runes tokens, which started with the halving event in April, attract attention with one of the most well-known, DOG GO TO THE MOON (DOG). DOG has increased by 100% in the last week with a market value of $780 million.
Binance Listing Expectation DOG GO TO THE MOON (DOG) token is expected to be listed by Binance in futures. While this claim is frequently discussed on social media, the expectation in question is rapidly increasing. Last week, Kraken exchange also listed DOG token in futures. Binance did not remain indifferent to the meme coin craze in 2024 and started listing many coins in futures.
The Rise of Runes Tokens Runes tokens were developed by Casey Rodarmor, creator of the Ordinals protocol. While Ordinals allows for the creation of NFT-style non-fungible tokens on the Bitcoin network, Runes allows for the creation of “fungible” tokens on the network. Furthermore, unlike Ordinals, Runes claims to offer a more advanced version of the BRC-20 standard.
Zhuoxun Yin, founder and director of Magic Eden, a marketplace that supports Bitcoin network NFTs, described Runes tokens as another form of investing in Bitcoin: “People usually enter the crypto world with Bitcoin, but then they also turn to these on-chain assets to better understand the Bitcoin ecosystem.”
DOG isn’t the only Runes coin to see a big increase, with PUPS•WORLD•PEACE and BILLION•DOLLAR•CAT also showing gains of 76% and 30% respectively.
Interest in BRC-20s is Increasing After Donald Trump secured the presidency, Bitcoin experienced a major rise starting from November 5. This rise was also reflected in Bitcoin-based coins.
“Ordinals, Runes and BRC-20s have seen a volume increase of more than 50% since November 6. BRC-20 tokens have attracted the most interest during this period,” Haider Rafique, the director of OKX exchange, told Decrypt.