On the evening of the 24th, wallets holding rune stones received the corresponding rune airdrops $DOG.GO.TO.THE.MOON(DOG) one after another, and they were quickly listed on the trading market. The floor price stabilized at around 0.003 (a single rune airdrop was worth $2,900), and the daily trading volume exceeded 100 pie.
According to the current market value, it is less than 500 million. Although the price fell to around $1,700 (single share value) after the launch, it recovered, but this was also under the condition that the founder tried his best to improve CX.
I seriously suspect that the founder comes from CX background.
Are runes still playable?
Let me tell you my personal opinion! I only represent myself! Actually, I think there is still room for Rune to become the leader. I am optimistic about the market value of 1B! At present, if nothing else happens, DOG should be one of the leaders. (Okay, I'm going to reveal my cards. I have Rune, so I endorse DOG)
Now, let me get back to the topic and tell you my reasons!
1. The market needs a new track
Before and after the Bitcoin halving, the market has been sluggish for a while. Whether it is the exchange or the chain, it is a money-losing effect. But this does not mean that the market is not crazy, otherwise there will be no 2000GAS warning on the chain! Miners quietly drive Ferraris! So what the market really needs now is a track that integrates consensus, market value, and development (or the right time, right place, and right people). For example, last year's inscriptions had a novel concept and an extremely low initial market value. Most people couldn't understand it, and then naturally formed a consensus and a process of raising the water level. Although the current rune track does not quite meet this condition, after looking around, I can't see any better hype choice in the market than it! It's nothing more than the market value is too high and the attention is too high! It doesn't matter, these markets have ways to solve it!
2. CX has already begun
Last night, DOG logged into GATE. Do you remember last year's ORDI in May? It started to wash after the surge, then went to OK, and continued to wash until it reached more than 2 yuan before it started to violently pull up! DOG was a little close at the beginning, but I'm not sure whether this wave of Rune will go through a few months of ups and downs, or will it just find a way to maximize the heat and quickly harvest and end (I personally prefer to play slowly)
3. I see there are cows
There are many different opinions on the bull market! I think there is still a bull market, after all, the US has not started to release money, and with the passage of Bitcoin ETF and Ethereum ETF on the way, the capital inflow will be even crazier than before! So in this context, I think any concept has a chance, especially new concepts, it is difficult to sink completely in the currency circle!
Summarize
Well, the above is my opinion on Rune, which is only my own opinion and does not constitute any investment advice! In the meantime, the trend may be more complicated, so I can only adapt to the situation! I hope I can play slowly, so that I, a small investor, can have more opportunities to participate!