Bitcoin's latest double-digit drop came on Friday when miners' rewards were halved for the fourth time in history, but BTC itself was hardly the biggest winner in the cryptocurrency market this weekend. Instead, meme coins are leading the way, with several prominent tokens posting significant double-digit percentage gains over the past 24 hours.
Dog-themed coins have been the biggest winners this weekend: according to CoinGecko, Solana-based BONK has risen in value by 37% to $0000021 in the last 24 hours alone. BONK is almost back to pre-April 12 decline levels, as is much of the rest of the market.
While BONK underwent the most fluctuations among the top 100 coins by market capitalization, other "puppy" #meme coins on #BTC also showed activity over the weekend, with FLOKI rising about 19% to $000017 over the past day and Shibai Inu (SHIB) rising 14% to a price above $000000026. SHIB's price rose 14% to above $BTC Elsewhere, Ethereum's PEPE rose 13% to $0000006 and Solana's Dogwifhat (WIF) rose nearly 8% to $BTC The image was created by Decrypt using artificial intelligence.
What's next for #bitcoin after the rate crash?
Welcome to the fifth era of bitcoin. A new era of digital scarcity has arrived after the network adopted a program to reduce the number of new bitcoins issued. On Friday, like clockwork, the reward miners receive for confirming bitcoin transactions was cut in half for the fourth time since the blockchain's launch. The so-called halving of the bitcoin reward occurred shortly after 8 p. m. (EST) on Friday. As a result, miners will receive 3.125 #BTC for every block they create until 2028. This is part of the miners' remuneration.
While Ethereum and Solana meme traders may be returning to familiar, established meme coins, others are blazing a new trail with tokens minted using Runes, a new Bitcoin exchange #token standard launched at the same time as Danger. Runes. This protocol was created by Casey Rodarmor, the inventor of the Ordinals protocol, which is similar to NFT.
Bitcoin's half-life is just hours away, and the race is on for the first tokens of the new Bitcoin Runes protocol, which will launch at the same time as the event.
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