RunesLaunch
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RUNE's Bullish Potential : What to Expect Next!**
#RunesLaunch #Runes #RunesUpdate #BULLishWithBULL
#BinanceSquareFamily
RUNE is consolidating within a bullish symmetrical triangle pattern, suggesting potential upward movement. This ongoing consolidation indicates that RUNE could experience a breakout in the near term.
Traders should keep an eye on this pattern as it often leads to a strong bullish move.
With positive momentum building, the current setup is maintaining a bullish outlook. Stay alert for the breakout
opportunity as RUNE positions itself for a potential upward trend!
#RunesLaunch #Runes #RunesUpdate #BULLishWithBULL
#BinanceSquareFamily
RUNE is consolidating within a bullish symmetrical triangle pattern, suggesting potential upward movement. This ongoing consolidation indicates that RUNE could experience a breakout in the near term.
Traders should keep an eye on this pattern as it often leads to a strong bullish move.
With positive momentum building, the current setup is maintaining a bullish outlook. Stay alert for the breakout
opportunity as RUNE positions itself for a potential upward trend!
UniSat has released a new update for Rune Market .
The update includes warnings about code similarity displayed on the homepage to remind traders to verify before trading, new statistics such as value, market value, and holder count on both the homepage and individual ticker details page.
These changes aim to help traders avoid buying the wrong tokens and provide more insights into their investments.
#unisat #RunesLaunch #Rune #Megadrop #BullorBear
The update includes warnings about code similarity displayed on the homepage to remind traders to verify before trading, new statistics such as value, market value, and holder count on both the homepage and individual ticker details page.
These changes aim to help traders avoid buying the wrong tokens and provide more insights into their investments.
#unisat #RunesLaunch #Rune #Megadrop #BullorBear
#Write2earn #Runes Protocol: Hype Fades as User Engagement Declines in #Bitcoin Ecosystem
$ORDI $BTC #RunesLaunch
User engagement has taken a nosedive following a period of heightened anticipation surrounding the launch of the Runes protocol, which some hoped would replicate Solana's thriving meme coin ecosystem.
Activity within the Bitcoin Runes protocol has noticeably slowed over the past week, indicating a struggle to gain significant traction among users despite an impressive debut last month. Runes builds upon the Ordinals protocol, aiming to make transactions even more cost-effective and rapid. Ordinals involve embedding data into the Bitcoin blockchain by incorporating references to digital art within small Bitcoin-based transactions.
Amidst much anticipation, Runes went live after Bitcoin's fourth halving on April 20. Data from Dune Analytics reveals that within its initial 10 days, the protocol saw over 85,000 token issuances and generated more than $3 million in fees.
However, over the past fortnight, all metrics, including fees, new Runes, and user activity, have plummeted by over 50%. Since May 1, only around 5,000 new Runes have been issued, resulting in just under $100,000 in fees.
At its peak, Runes dominated transactions and fees across the broader Bitcoin ecosystem, accounting for up to 80% of all network activity. Now, that figure has dwindled to 20%. It's essential to note that this decline coincided with a general market downturn marked by decreasing Bitcoin prices and sluggish growth in alternative tokens, potentially impacting sentiment towards innovative technologies.
Tailored for meme enthusiasts and daring traders, Runes garnered substantial attention on social platforms ahead of its launch. Creator Casey Rodamor aimed to position it as a protocol ripe for meme coin trading and "degen" traders. Some industry insiders anticipated that the protocol would emulate the thriving meme coin landscape on blockchains like Solana and Base, which likely fueled interest and speculation on obscure memes.
$ORDI $BTC #RunesLaunch
User engagement has taken a nosedive following a period of heightened anticipation surrounding the launch of the Runes protocol, which some hoped would replicate Solana's thriving meme coin ecosystem.
Activity within the Bitcoin Runes protocol has noticeably slowed over the past week, indicating a struggle to gain significant traction among users despite an impressive debut last month. Runes builds upon the Ordinals protocol, aiming to make transactions even more cost-effective and rapid. Ordinals involve embedding data into the Bitcoin blockchain by incorporating references to digital art within small Bitcoin-based transactions.
Amidst much anticipation, Runes went live after Bitcoin's fourth halving on April 20. Data from Dune Analytics reveals that within its initial 10 days, the protocol saw over 85,000 token issuances and generated more than $3 million in fees.
However, over the past fortnight, all metrics, including fees, new Runes, and user activity, have plummeted by over 50%. Since May 1, only around 5,000 new Runes have been issued, resulting in just under $100,000 in fees.
At its peak, Runes dominated transactions and fees across the broader Bitcoin ecosystem, accounting for up to 80% of all network activity. Now, that figure has dwindled to 20%. It's essential to note that this decline coincided with a general market downturn marked by decreasing Bitcoin prices and sluggish growth in alternative tokens, potentially impacting sentiment towards innovative technologies.
Tailored for meme enthusiasts and daring traders, Runes garnered substantial attention on social platforms ahead of its launch. Creator Casey Rodamor aimed to position it as a protocol ripe for meme coin trading and "degen" traders. Some industry insiders anticipated that the protocol would emulate the thriving meme coin landscape on blockchains like Solana and Base, which likely fueled interest and speculation on obscure memes.
Merlin Chain, a Layer 2 network for Bitcoin, has launched the Merlin Phantom, a protocol designed for Bitmap. The Phantom protocol enables swaps between various assets, including BTC, RUNES, and NFTs.
Additionally, Merlin Chain will allow trading of Bitmap Rune Tokens on its decentralized exchange (DEX) with zero gas fees and offer 400,000 $MERL tokens as incentives for farming.
#MerlinChain #Merlin #RunesLaunch #NFT #bitcoin $BTC
Additionally, Merlin Chain will allow trading of Bitmap Rune Tokens on its decentralized exchange (DEX) with zero gas fees and offer 400,000 $MERL tokens as incentives for farming.
#MerlinChain #Merlin #RunesLaunch #NFT #bitcoin $BTC
DOG·GO·TO·THE·MOON has quickly gained popularity, surpassing 10 million USD in trading volume within just 6 hours of its launch. Currently, there are over 72 thousand wallets holding DOG, and the trading volume in 24 hours is 76.68 BTC.
#Runes #RunesLaunch #doggotothemoon #dog
#Runes #RunesLaunch #doggotothemoon #dog
$RUNE
RUNE 4H: chart is marked with S/Rs and current range.
#RunesLaunch #RunesProtocol #Memecoins #RUNE
RUNE 4H: chart is marked with S/Rs and current range.
#RunesLaunch #RunesProtocol #Memecoins #RUNE
đ RUNE/USDT Analysis: Key Levels and Entry Strategy
(The recent bounce from the support zone resembles a classic bullish hammer candlestick pattern.)
1. Support and Resistance Levels:
Support (Buy Zone): The price has strong support around 3.0 to 3.3 USDT. Buyers tend to step in at these levels, preventing further decline.
Resistance (Sell Zone): Resistance lies near 4.0 USDT. If the price breaks above this level, it could signal a bullish move.
2. Current and Previous Values:
Current Price: Approximately 3.60 USDT.
24-Hour Change: Up by 9.12%.
Previous High: 4.13 USDT (24-hour high).
Previous Low: 3.95 USDT (24-hour low).
3. Entry Strategy:
Buy Entry: Consider entering long positions if the price holds above 3.3 USDT.
Stop-Loss: Set a stop-loss just below the support level (around 2.8 USDT).
Target: Aim for the resistance zone (4.0 USDT) or higher.
Remember, trading involves risks, and it's essential to manage your positions carefully. Always adapt your strategy based on market conditions. Happy trading! đđ„.#Runeustd #runecoin #RunesLaunch #Write2Earn!
(The recent bounce from the support zone resembles a classic bullish hammer candlestick pattern.)
1. Support and Resistance Levels:
Support (Buy Zone): The price has strong support around 3.0 to 3.3 USDT. Buyers tend to step in at these levels, preventing further decline.
Resistance (Sell Zone): Resistance lies near 4.0 USDT. If the price breaks above this level, it could signal a bullish move.
2. Current and Previous Values:
Current Price: Approximately 3.60 USDT.
24-Hour Change: Up by 9.12%.
Previous High: 4.13 USDT (24-hour high).
Previous Low: 3.95 USDT (24-hour low).
3. Entry Strategy:
Buy Entry: Consider entering long positions if the price holds above 3.3 USDT.
Stop-Loss: Set a stop-loss just below the support level (around 2.8 USDT).
Target: Aim for the resistance zone (4.0 USDT) or higher.
Remember, trading involves risks, and it's essential to manage your positions carefully. Always adapt your strategy based on market conditions. Happy trading! đđ„.#Runeustd #runecoin #RunesLaunch #Write2Earn!
