Runes符文
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#mononautical
does anyone else find it suspicious that Ocean has quietly accepted bribes to fill their blocks with rune spam for months and now they claim that merely revealing the illicit "#Runestone " messages they've smuggled into our blockchain is an attack on #Bitcoin since the halving, 69% of all transactions mined by Ocean have contained runestone messages.
these #Runes符文 transactions occupied over 40% of #Oceans blockspace, and paid 31.5% of their total fee revenue
does anyone else find it suspicious that Ocean has quietly accepted bribes to fill their blocks with rune spam for months and now they claim that merely revealing the illicit "#Runestone " messages they've smuggled into our blockchain is an attack on #Bitcoin since the halving, 69% of all transactions mined by Ocean have contained runestone messages.
these #Runes符文 transactions occupied over 40% of #Oceans blockspace, and paid 31.5% of their total fee revenue
🚨🚨 Binance Nominations Spark Interest in $DOG, $PUPS, and Runes 👇👇
Yesterday, Binance announced the nominations of $DOG and $PUPS, while #Runes experienced a surge across the board. Speculation is mounting that #Runes符文 could be listed on Binance in the coming days.
Factors Driving Binance Listings
Binance’s recent listing decisions appear to focus on projects that meet the following criteria:
Market leadership or being the second-largest in their niche.
High market capitalization.
Significant trading activity, including 80% wash trading.
Broad community engagement, with over 10,000 active addresses.
Community Potential
Based on these trends, I’ve compiled a list of 17 promising Runes that have yet to be listed on Binance but demonstrate strong community support and growth potential.
💬 Your Input Matters: Share which Runes you hold in the comments and join the discussion. Let’s explore the next big opportunity together!
#COSSocialFiRevolution #BitcoinStrategy
Yesterday, Binance announced the nominations of $DOG and $PUPS, while #Runes experienced a surge across the board. Speculation is mounting that #Runes符文 could be listed on Binance in the coming days.
Factors Driving Binance Listings
Binance’s recent listing decisions appear to focus on projects that meet the following criteria:
Market leadership or being the second-largest in their niche.
High market capitalization.
Significant trading activity, including 80% wash trading.
Broad community engagement, with over 10,000 active addresses.
Community Potential
Based on these trends, I’ve compiled a list of 17 promising Runes that have yet to be listed on Binance but demonstrate strong community support and growth potential.
💬 Your Input Matters: Share which Runes you hold in the comments and join the discussion. Let’s explore the next big opportunity together!
#COSSocialFiRevolution #BitcoinStrategy
$RUNE /USDT (SHORT)
𝐄𝐧𝐭𝐫𝐲: $5.20 - $5.25
𝐓𝐚𝐤𝐞 𝐏r𝐨𝐟𝐢𝐭 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 🎯:
𝐓𝐏 𝟏: $5.12
𝐓𝐏 𝟐: $5.02
𝐓𝐏 𝟑: $4.92
𝐓𝐏 𝟒: $4.80
𝐓𝐏 𝟓: 🚀
𝐒𝐭𝐨𝐩 𝐋𝐨𝐬𝐬:
5.45
𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞
10x
𝐌𝐚𝐫𝐠𝐢𝐧
Use 5% margin
💫Must use Stoploss
Market is not Stable use only 5 to 10% margin only
#RUNESXBITCOIN #runeto60 #Runeustd #RunesLaunch #Runes符文
𝐄𝐧𝐭𝐫𝐲: $5.20 - $5.25
𝐓𝐚𝐤𝐞 𝐏r𝐨𝐟𝐢𝐭 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 🎯:
𝐓𝐏 𝟏: $5.12
𝐓𝐏 𝟐: $5.02
𝐓𝐏 𝟑: $4.92
𝐓𝐏 𝟒: $4.80
𝐓𝐏 𝟓: 🚀
𝐒𝐭𝐨𝐩 𝐋𝐨𝐬𝐬:
5.45
𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞
10x
𝐌𝐚𝐫𝐠𝐢𝐧
Use 5% margin
💫Must use Stoploss
Market is not Stable use only 5 to 10% margin only
#RUNESXBITCOIN #runeto60 #Runeustd #RunesLaunch #Runes符文
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@Everyone I believe everyone knows about the rune-playing thing on OK this morning. This is a scam. Nan Ge got up at 7:50 in the morning. I checked and found that I could not play until 8:09. And I couldn’t play on the phone. I could only play on the computer. A retail investor withdrew 1000u to play runes, and 700u was credited to the account. I bought 500u and wanted to sell them at a loss. I found that the handling fee was not enough. I recharged 500u again, and 300u was credited to the account. I sold all of them and sold 100u. The total recharge was 1500u, and 100u was sold. It was transferred to the exchange, and there was 3u left. So don’t touch anything beyond your knowledge. Friends who haven’t played yet, remember not to play runes. Brothers who played runes in the morning have lost at least half of their assets.
#Runes符文 #比特币减半 #Meme #大盘走势 #BTC
#Runes符文 #比特币减半 #Meme #大盘走势 #BTC
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2024.4.23
Bitcoin Ecological Narrative Logic
Narrative 1: BRC20 sector issues stablecoins and defi applications, which may drive the leading ordi/sats to grow 5-10 times.
Narrative 2: ARC20 sector AVM is launched, Bitcoin L1 application is realized, and the leading atom/quark is promoted.
Narrative 3: RUNES sector holds NFT airdrop tokens, leading RSIC and runestone.
Narrative 4: RGB++ sector L2 application is realized, which drives the leading seal/nervape to explode.
Current market value ranking: BRC20 (about 2 billion)>RUNES (about 600 million)>ARC20 (about 100 million)>RGB++ (about 40 million)
#BRC20😘 #Runes符文 #ARC-20
Bitcoin Ecological Narrative Logic
Narrative 1: BRC20 sector issues stablecoins and defi applications, which may drive the leading ordi/sats to grow 5-10 times.
Narrative 2: ARC20 sector AVM is launched, Bitcoin L1 application is realized, and the leading atom/quark is promoted.
Narrative 3: RUNES sector holds NFT airdrop tokens, leading RSIC and runestone.
Narrative 4: RGB++ sector L2 application is realized, which drives the leading seal/nervape to explode.
Current market value ranking: BRC20 (about 2 billion)>RUNES (about 600 million)>ARC20 (about 100 million)>RGB++ (about 40 million)
#BRC20😘 #Runes符文 #ARC-20
AFTER BTC HALVING HYPE! What Are Bitcoin Runes? The New BRC-20 Token Alternative! Earn BIG!
What Are Runes in Bitcoin?
Runes are fungible tokens issued directly on Bitcoin using the Runes protocol. Ordinals creator Casey Rodarmor proposed the new protocol in September 2023, pitching it as a better and simpler alternative to the experimental BRC-20 standard for fungible tokens.
Unlike other fungible token protocols for Bitcoin, Runes doesn’t require off-chain data or a native token to operate. For instance, the Taproot Assets Protocol uses UTXOs but stores asset metadata off-chain. Alternatively, Counterparty, a protocol built on top of the Bitcoin blockchain, requires a native token for some operations and is not UTXO-based.
The Bitcoin community has reacted to the Runes protocol with much enthusiasm that the first Rune token, $RUNE , was issued on the same day Rodarmor made the announcement.
How Does the Runes Token Standard Work?
Now, let’s take a look at how the Runes protocol works.
Runestones
Messages on the Runes protocol are known as runestones (not to be confused with the Runestones Ordinals collection). They can etch new tokens, mint existing tokens, and transfer runes from transaction inputs to outputs.
Runestones are held in Bitcoin transaction outputs that begin with OP_RETURN, a special function that stores data on the Bitcoin blockchain. At most, one rune may be included in a transaction.
How to Setup a Bitcoin Node and Mint Runes
Xverse encourages everyone to setup a Bitcoin node to reinforce Bitcoin's principles of decentralization. Running a node for minting and etching Runes is only recommended for those who know how to run a command line and have advanced technical experience.
Xverse is working with many partners in the ecosystem to offer all the same services and more to make it easy for anyone to get started with Runes. While the ecosystem of Runes minting and etching services is swiftly growing, some users may still prefer to run their own Bitcoin node rather than rely on third-party services.
Creating Rune Tokens
Creating a new Rune token begins with etching, where elements such as name, token supply, number of decimals, and minting terms are defined. The token supply is assigned to a specific UTXO, allowing a single UTXO to contain any amount of any number of Runes, be it a billion, million, or less. UTXOs are used to keep track of the Rune token balances.
Here’s the code used to etch a new Rune token:
It’s important to avoid errors or cenotaphs when etching runes because those tokens will be unmintable.
Minting & Transferring
The next steps after etching are minting and transfer. Minting generates the actual tokens according to the set terms, while Runes tokens are transferred from transaction inputs to outputs using edict messages. The transfer function splits a UTXO into several new UTXOs holding different amounts of runes to send records to recipients.
An edict is made up of a Rune ID block height and transaction index, the output number, and the amount. The Rune ID is used to identify tokens, and it comprises the block in which a rune was etched, as well as the index of the etching transaction stored within that block.
The mint and transfer code structures are as follows:
Data Storage
Ordinal inscriptions are created by adding content like images, audio, and HTML files into the witness section of a Bitcoin transaction. The witness section was introduced by the SegWit upgrade, which changed the Bitcoin transaction format by dividing it into two parts. The first part holds the wallet addresses of the sender and receiver, while the witness segment contains transaction signatures.
The Runes Ecosystem Is Growing
With Runes scheduled to go live on the date of the next Bitcoin halving, Bitcoin builders are already gearing up for the launch by building the supporting infrastructure for Runes tokens.
Runes Marketplaces
Runes marketplaces are platforms where users can buy and sell runes with their Xverse wallets once the protocol launches.
However, investors can currently trade pre-rune tokens like Runestone, RSIC, Rune Pups, and RuneX: Unnamed on Magic Eden.
Runes Launchpads
Runes launchpads are websites where projects can launch and drop their tokens. Both Magic Eden and BitX have launchpads that offer marketing support to projects. However, Runes token projects can also launch on Meta Runes, CraftRunes, and Runes Terminal.
The Meta Runes and CraftRunes launchpads are currently accepting project applications, while the Runes Terminal launchpad hasn’t yet been rolled out.
Runes Lending Platforms
Runes lending platforms are decentralized applications (dApps) that enable users to lend and borrow runes directly with their Xverse wallets.
Runes vs. BRC-20 Tokens: Similarities and Differences
Here is how Runes compare to BRC-20 tokens.
The Runes protocol improves the Ordinals-based BRC-20 token standard by adopting Bitcoin's UTXO model. This allows it to operate within Bitcoin Layer 1, or the base blockchain, and reduce the production of unnecessary UTXOs. Therefore, Runes has a minimal on-chain footprint and improves overall efficiency.
On the contrary, BRC-20 is based on Ordinal Theory, which is not native to Bitcoin. The protocol’s token issuance approach also leads to UTXO proliferation and network congestion.
Benefits And Challenges of Runes
Let’s take a look at the benefits and challenges of Runes.
Benefits
Minimizes on-chain footprint thanks to the UTXO-based modelSimplifies the issuance of native fungible tokens on BitcoinIts simplicity could promote innovation in the Bitcoin ecosystemDoesn’t require off-chain data to operateAllows open minting within terms set by the etcher
Challenges
Competition from the widely accepted BRC-20 token standardToken burns triggered by errors can adversely affect user experienceYet to establish itself as a viable Bitcoin token standard
The Rise of Fungible Tokens on Bitcoin
The rise of fungible tokens on Bitcoin has advanced significantly in 2023 since the launch of the Ordinals protocol, which ushered in the concept of numbering satoshis (sats) in the order in which they are mined.
CREDIT FOR THIS ARTICLE: XVERSE WEBSITE
Thanks for reading, following and supporting me guys! Cheers and have a great weekend! The article is too long for a weekend reading haha 😂🚀🚀🚀 But understanding Bitcoin RUNES will be a game changer soon!
#airdropking #bitcoinrunes #Runes符文 #bitcoinhalving
$BTC
Runes are fungible tokens issued directly on Bitcoin using the Runes protocol. Ordinals creator Casey Rodarmor proposed the new protocol in September 2023, pitching it as a better and simpler alternative to the experimental BRC-20 standard for fungible tokens.
Unlike other fungible token protocols for Bitcoin, Runes doesn’t require off-chain data or a native token to operate. For instance, the Taproot Assets Protocol uses UTXOs but stores asset metadata off-chain. Alternatively, Counterparty, a protocol built on top of the Bitcoin blockchain, requires a native token for some operations and is not UTXO-based.
The Bitcoin community has reacted to the Runes protocol with much enthusiasm that the first Rune token, $RUNE , was issued on the same day Rodarmor made the announcement.
How Does the Runes Token Standard Work?
Now, let’s take a look at how the Runes protocol works.
Runestones
Messages on the Runes protocol are known as runestones (not to be confused with the Runestones Ordinals collection). They can etch new tokens, mint existing tokens, and transfer runes from transaction inputs to outputs.
Runestones are held in Bitcoin transaction outputs that begin with OP_RETURN, a special function that stores data on the Bitcoin blockchain. At most, one rune may be included in a transaction.
How to Setup a Bitcoin Node and Mint Runes
Xverse encourages everyone to setup a Bitcoin node to reinforce Bitcoin's principles of decentralization. Running a node for minting and etching Runes is only recommended for those who know how to run a command line and have advanced technical experience.
Xverse is working with many partners in the ecosystem to offer all the same services and more to make it easy for anyone to get started with Runes. While the ecosystem of Runes minting and etching services is swiftly growing, some users may still prefer to run their own Bitcoin node rather than rely on third-party services.
Creating Rune Tokens
Creating a new Rune token begins with etching, where elements such as name, token supply, number of decimals, and minting terms are defined. The token supply is assigned to a specific UTXO, allowing a single UTXO to contain any amount of any number of Runes, be it a billion, million, or less. UTXOs are used to keep track of the Rune token balances.
Here’s the code used to etch a new Rune token:
It’s important to avoid errors or cenotaphs when etching runes because those tokens will be unmintable.
Minting & Transferring
The next steps after etching are minting and transfer. Minting generates the actual tokens according to the set terms, while Runes tokens are transferred from transaction inputs to outputs using edict messages. The transfer function splits a UTXO into several new UTXOs holding different amounts of runes to send records to recipients.
An edict is made up of a Rune ID block height and transaction index, the output number, and the amount. The Rune ID is used to identify tokens, and it comprises the block in which a rune was etched, as well as the index of the etching transaction stored within that block.
The mint and transfer code structures are as follows:
Data Storage
Ordinal inscriptions are created by adding content like images, audio, and HTML files into the witness section of a Bitcoin transaction. The witness section was introduced by the SegWit upgrade, which changed the Bitcoin transaction format by dividing it into two parts. The first part holds the wallet addresses of the sender and receiver, while the witness segment contains transaction signatures.
The Runes Ecosystem Is Growing
With Runes scheduled to go live on the date of the next Bitcoin halving, Bitcoin builders are already gearing up for the launch by building the supporting infrastructure for Runes tokens.
Runes Marketplaces
Runes marketplaces are platforms where users can buy and sell runes with their Xverse wallets once the protocol launches.
However, investors can currently trade pre-rune tokens like Runestone, RSIC, Rune Pups, and RuneX: Unnamed on Magic Eden.
Runes Launchpads
Runes launchpads are websites where projects can launch and drop their tokens. Both Magic Eden and BitX have launchpads that offer marketing support to projects. However, Runes token projects can also launch on Meta Runes, CraftRunes, and Runes Terminal.
The Meta Runes and CraftRunes launchpads are currently accepting project applications, while the Runes Terminal launchpad hasn’t yet been rolled out.
Runes Lending Platforms
Runes lending platforms are decentralized applications (dApps) that enable users to lend and borrow runes directly with their Xverse wallets.
Runes vs. BRC-20 Tokens: Similarities and Differences
Here is how Runes compare to BRC-20 tokens.
The Runes protocol improves the Ordinals-based BRC-20 token standard by adopting Bitcoin's UTXO model. This allows it to operate within Bitcoin Layer 1, or the base blockchain, and reduce the production of unnecessary UTXOs. Therefore, Runes has a minimal on-chain footprint and improves overall efficiency.
On the contrary, BRC-20 is based on Ordinal Theory, which is not native to Bitcoin. The protocol’s token issuance approach also leads to UTXO proliferation and network congestion.
Benefits And Challenges of Runes
Let’s take a look at the benefits and challenges of Runes.
Benefits
Minimizes on-chain footprint thanks to the UTXO-based modelSimplifies the issuance of native fungible tokens on BitcoinIts simplicity could promote innovation in the Bitcoin ecosystemDoesn’t require off-chain data to operateAllows open minting within terms set by the etcher
Challenges
Competition from the widely accepted BRC-20 token standardToken burns triggered by errors can adversely affect user experienceYet to establish itself as a viable Bitcoin token standard
The Rise of Fungible Tokens on Bitcoin
The rise of fungible tokens on Bitcoin has advanced significantly in 2023 since the launch of the Ordinals protocol, which ushered in the concept of numbering satoshis (sats) in the order in which they are mined.
CREDIT FOR THIS ARTICLE: XVERSE WEBSITE
Thanks for reading, following and supporting me guys! Cheers and have a great weekend! The article is too long for a weekend reading haha 😂🚀🚀🚀 But understanding Bitcoin RUNES will be a game changer soon!
#airdropking #bitcoinrunes #Runes符文 #bitcoinhalving
$BTC
$RUNE **Rune (RUNE) Market Analysis: Bullish Sentiment**
As of today, Rune (RUNE) is priced at $5.317, showing strong potential for bullish momentum. Recent developments in the Thorchain ecosystem, including enhancements in liquidity and cross-chain capabilities, have sparked increased interest among investors. This positive sentiment is further bolstered by a growing user base and partnerships that enhance its utility.
Technical analysis indicates support at around $5.00, with resistance at $5.50. If RUNE can break through this resistance, it could target a price of $6.00 in the coming weeks.
However, investors should remain cautious of market volatility, especially in the cryptocurrency sector. A stop-loss around $5.00 is recommended to mitigate risks. Overall, the outlook for RUNE appears optimistic as it builds momentum, suggesting a potential buy opportunity for traders looking to capitalize on its upward trajectory.
#RUNESXBITCOIN #RuneWizard #RunesUpdate #RunesLaunch #Runes符文 $RUNE
As of today, Rune (RUNE) is priced at $5.317, showing strong potential for bullish momentum. Recent developments in the Thorchain ecosystem, including enhancements in liquidity and cross-chain capabilities, have sparked increased interest among investors. This positive sentiment is further bolstered by a growing user base and partnerships that enhance its utility.
Technical analysis indicates support at around $5.00, with resistance at $5.50. If RUNE can break through this resistance, it could target a price of $6.00 in the coming weeks.
However, investors should remain cautious of market volatility, especially in the cryptocurrency sector. A stop-loss around $5.00 is recommended to mitigate risks. Overall, the outlook for RUNE appears optimistic as it builds momentum, suggesting a potential buy opportunity for traders looking to capitalize on its upward trajectory.
#RUNESXBITCOIN #RuneWizard #RunesUpdate #RunesLaunch #Runes符文 $RUNE
$RUNE RUNE (THORChain) Analysis - October 30, 2024
**Current Price:** $5.945
**Market Sentiment:** **Bullish**
RUNE has shown strong upward momentum recently, driven by increasing interest in decentralized finance (DeFi) and cross-chain interoperability. The network's recent developments, including the integration of more liquidity pools, have enhanced its utility and user engagement. Technical indicators suggest that RUNE could continue to climb, as the overall market sentiment leans towards growth.
**Target Price for October 30, 2024:** $6.50
**Sell Price Recommendation:** $6.25
Given the bullish outlook, traders might consider holding their positions, while new investors may find an entry point at current levels or slightly below. Monitoring key resistance levels around $6.50 will be crucial as the market evolves.
Summary
RUNE's current price at $5.945 appears promising, with positive sentiment and a target of $6.50 by October 30. Traders should watch for potential resistance near this target.
#RUNESXBITCOIN #runecoin #RunesUpdate #Runes符文 $RUNE
**Current Price:** $5.945
**Market Sentiment:** **Bullish**
RUNE has shown strong upward momentum recently, driven by increasing interest in decentralized finance (DeFi) and cross-chain interoperability. The network's recent developments, including the integration of more liquidity pools, have enhanced its utility and user engagement. Technical indicators suggest that RUNE could continue to climb, as the overall market sentiment leans towards growth.
**Target Price for October 30, 2024:** $6.50
**Sell Price Recommendation:** $6.25
Given the bullish outlook, traders might consider holding their positions, while new investors may find an entry point at current levels or slightly below. Monitoring key resistance levels around $6.50 will be crucial as the market evolves.
Summary
RUNE's current price at $5.945 appears promising, with positive sentiment and a target of $6.50 by October 30. Traders should watch for potential resistance near this target.
#RUNESXBITCOIN #runecoin #RunesUpdate #Runes符文 $RUNE
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Recently I'm playing #Runes符文 #base链 #Solana
In the comment area, write down what you think are the leaders in each sector
I will buy the three most popular projects and airdrop them to everyone
This year, information exchange, follow the hot money in the sector
In a word, play with where the market funds are
In the comment area, write down what you think are the leaders in each sector
I will buy the three most popular projects and airdrop them to everyone
This year, information exchange, follow the hot money in the sector
In a word, play with where the market funds are
$RUNE **Rune (RUNE) Analysis – October 26, 2024**
Rune is currently trading at $5.058, showing resilience amid market fluctuations. Over the past week, RUNE has demonstrated a bullish trend, bolstered by increasing adoption of decentralized finance (DeFi) and liquidity pooling. Recent partnerships and integrations into various platforms further enhance its value proposition.
The current support level sits around $4.80, with resistance at $5.30. Should it maintain momentum, RUNE could target $5.50 in the short term, potentially reaching $6.00 if broader market sentiment remains positive.
However, watch for potential bearish reversals, particularly if the price falls below $4.80, which may indicate a sell signal. As of now, the outlook leans bullish, suggesting holding or accumulating at current levels, with a target price of $5.50 and a sell price set at $4.80 to mitigate risks.
#RUNESXBITCOIN #runecoin #RunesUpdate #Runes符文 #RunesUpdate $RUNE
Rune is currently trading at $5.058, showing resilience amid market fluctuations. Over the past week, RUNE has demonstrated a bullish trend, bolstered by increasing adoption of decentralized finance (DeFi) and liquidity pooling. Recent partnerships and integrations into various platforms further enhance its value proposition.
The current support level sits around $4.80, with resistance at $5.30. Should it maintain momentum, RUNE could target $5.50 in the short term, potentially reaching $6.00 if broader market sentiment remains positive.
However, watch for potential bearish reversals, particularly if the price falls below $4.80, which may indicate a sell signal. As of now, the outlook leans bullish, suggesting holding or accumulating at current levels, with a target price of $5.50 and a sell price set at $4.80 to mitigate risks.
#RUNESXBITCOIN #runecoin #RunesUpdate #Runes符文 #RunesUpdate $RUNE
$RUNE RUNE (THORChain) Analysis - October 23, 2024
As of today, RUNE is priced at **$5.099**, showing resilience amidst broader market fluctuations. The recent partnership announcements and increasing liquidity in the THORChain network have fueled optimism among investors, leading to a bullish sentiment. Technical indicators suggest that RUNE could maintain upward momentum if it breaks through the resistance level at **$5.25**.
**Target Price**: $5.50
**Sell Price Update**: Consider setting sell orders around $5.50 to capitalize on potential gains while protecting against possible pullbacks.
In conclusion, the combination of positive market sentiment and strategic developments positions RUNE favorably. However, investors should monitor broader market trends to mitigate risks.
#RUNESXBITCOIN #RunesUpdate #RunesLaunch #Runes符文 $RUNE
As of today, RUNE is priced at **$5.099**, showing resilience amidst broader market fluctuations. The recent partnership announcements and increasing liquidity in the THORChain network have fueled optimism among investors, leading to a bullish sentiment. Technical indicators suggest that RUNE could maintain upward momentum if it breaks through the resistance level at **$5.25**.
**Target Price**: $5.50
**Sell Price Update**: Consider setting sell orders around $5.50 to capitalize on potential gains while protecting against possible pullbacks.
In conclusion, the combination of positive market sentiment and strategic developments positions RUNE favorably. However, investors should monitor broader market trends to mitigate risks.
#RUNESXBITCOIN #RunesUpdate #RunesLaunch #Runes符文 $RUNE