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𝐖𝐡𝐚𝐭 𝐢𝐬 #RUNES 🌟 👉The Runes Protocol is a token standard on #Bitcoin  that gives users a more efficient way of creating fungible tokens. They are set to launch in April 2024 on block 840,000. Basically its like an ERC20 token but on Bitcoin. 👉The Runes Protocol has been created by bitcoin developer @rodarmor. Rodarmor is also the creator of the Ordinals Protocol. 𝐇𝐎𝐖 𝐃𝐎 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐑𝐔𝐍𝐄𝐒 𝐖𝐎𝐑𝐊?🌟 👉 #Runes is a simple protocol with minimal on-chain footprint and responsible UT XO management. 👉 Runes is different from the BRC-20 token standard, which is complex and not UTXO-based. The goal of Runes is to replace less efficient Ordinals based BRC-20 token standard. Follow @BitcoinGurukul for Super Early updates.

𝐖𝐡𝐚𝐭 𝐢𝐬 #RUNES 🌟

👉The Runes Protocol is a token standard on #Bitcoin  that gives users a more efficient way of creating fungible tokens. They are set to launch in April 2024 on block 840,000. Basically its like an ERC20 token but on Bitcoin.

👉The Runes Protocol has been created by bitcoin developer @rodarmor.

Rodarmor is also the creator of the Ordinals Protocol.

𝐇𝐎𝐖 𝐃𝐎 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐑𝐔𝐍𝐄𝐒 𝐖𝐎𝐑𝐊?🌟

👉 #Runes is a simple protocol with minimal on-chain footprint and responsible UT XO management.

👉 Runes is different from the BRC-20 token standard, which is complex and not UTXO-based.

The goal of Runes is to replace less efficient Ordinals based BRC-20 token standard.

Follow @Bitcoin Gurukul for Super Early updates.

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Will we see an Altseason soon⁉️ Before investing in any crypto token, you should understand the crypto money flow. Without it, all of your purchases will always be in red🚨🚨 Here's how it works according to this graph👇 Growth of real life assets stimulate the investments into #Bitcoin . As a result, we see growth there. And during the moments of 'ATH' people are more likely to sell this coin and move money to Ethereum. Now, flows into it causes even bigger growth than we saw on BTC. (Why it happens? There's one rule - the lower market cap is, the faster token grow with each money flow) History starts to repeat itself - more profit on Ethereum make people move that money to Altcoins.💰 And at this point we see pumps, fomo, mania, big wins... Use any term you want... So the main takeaway here - altcoin seasons don't start by themselves and over the night. But rather after a long period of BTC and ETH growth.🤑
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I've analyzed the most shilled coins in past 12 months, and here're my findings - $BONK recorded the highest growth in the top 20 shilled coins, it did 62.42x but many people avoided taking large positions in memes, so they did miss gains too. - $SOL is the highest gainer from Blue chip coins, it recorded 7.41x gains in the past 12 months, but majority of the people avoided buying SOL when it was cheap, thanks to FUD created by Youtubers post FTX crash. - $APE is worst performer with 63.6% loss, apes lost hard here. - Most of the Youtubers mentioned $MATIC $DOT $ATOM $BNB $LINK $OP as their top picks, most of them underperformed. - Top 5/10 Token Mindshare Index including SOLANA have given close to 155% ROI in Past 12 months while #btc  did almost close ROI if you decided to HODL in past 12 months. Methodology: I've used token mindshare data by @_kaitoai to identify the most talked coins on social media in past 12 months.
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22MAY NVIDIA EARNING REPORT & AI NARRATIVE 4days to Q1 earning report of Nvidia going to publish, forecast already saying $24B of earning profit this quarter. We are ready seen crypto AI & DePin narrative growing with GPU revolution. Some AI & DePin category coins to watch out 👇 $RNDR $AR $TAO $OCEAN $FET $AGIX $SPEC $DEAI $ORAI $AIT
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𝟭𝟬 𝗠𝗼𝘀𝘁 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗧𝗵𝗶𝗻𝗴𝘀 𝗙𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗜𝗻 𝟮𝟬𝟮𝟰-𝟮𝟱 🤩 1️⃣ Pension funds buying Bitcoin 2️⃣ Governments mining #BTC  3️⃣ #Ethereum Spot ETF Approval 4️⃣ FED rate cuts 5️⃣ Trump winning election 6️⃣ FASB rule implementation 7️⃣ QE starting (more money printing) 🖨️💸 8️⃣ Big companies betting on #RWA, #AI narratives 9️⃣ #Bitcoin  supply crunch on OTC desks and exchanges 🔟 The SEC losing #crypto cases against Ripple, Uniswap etc. and Gary gensler getting fired Follow @Bitcoin Gurukul for super early updates
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🇮🇳 INDIA Crypto Developments (2013-2024) ➜ 2013: RBI issues an advisory against cryptocurrency ➜ 2017: The finance ministry said that #crypto is a Ponzi. ➜ 2018: RBI issues a circular banning crypto ➜ 2020: The Supreme Court overturns the RBI's crypto ban. ➜ 2021: The government reiterated its plan for banning and prohibiting cryptocurrencies. ➜ 2022: The Finance Minister announced a 30% tax and 1% TDS on crypto assets. ➜ 2023: The Finance Minister calls for global crypto regulation. ➜ 2024: The Indian government banned foreign exchange URLs and removed them from the App Store. ➜ 2024: #Binance  and #KuCoin became FIU-compliant. If you compare this with US crypto developments, India is still where the US was in 2013. India needs to act quickly; otherwise, they'll be left behind. #reducecryptotax
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