👉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.
Here are the Top 5 narratives that will give 100x return during this Bull Run.
1. RWAs
Real-world asset(#RWAs) tokenization is the process of converting real-world assets like precious metals and real estate into digital tokens that can be traded on a blockchain.
Altcoins Soar Following Each Bitcoin Halving: Top 5 Narratives for Potential 100x Returns
With the Bitcoin halving looming just three days away, the crypto market is abuzz with anticipation. Historically, altcoins have seen significant pumps following each halving event. Let's delve into the top narratives that could potentially yield 100x returns during this bull run. 1. Real-World Asset (RWA) Tokenization The process of converting real-world assets, such as precious metals and real estate, into digital tokens that can be traded on a blockchain, known as RWA tokenization, presents a massive opportunity. With over $600 trillion worth of assets waiting to be tokenized, the market potential is staggering. By 2030, the tokenization of global illiquid assets is projected to become a $16 trillion industry. Prominent RWAs include Ondo (ONDO), Mantra (OM), Centrifuge (CFG), AllianceBlock Nexera (NXRA), Goldfinch (GFI), and Realio (RIO). 2. Rise of Chinese Coins Recent developments, including filings for a Bitcoin ETF by major Chinese asset managers and the approval of spot Bitcoin and Ethereum ETFs in Hong Kong, have catalyzed a surge in Chinese coin investments. This trend is expected to intensify, focusing attention on Chinese projects such as NEO (NEO), VeChain (VET), Gas (GAS), Conflux (CFX), and Filecoin (FIL). 3. Decentralized Physical Infrastructure Networks (DePin) DePin networks incentivize the community to build physical infrastructure, such as mobility and telecom networks, using blockchain technology. With an estimated industry value of $3.5 trillion by 2028, DePin presents a lucrative investment opportunity. Notable DePin tokens include Theta Network (THETA), Helium (HNT), Ankr Network (ANKR), World Mobile Token (WMT), and Covalent (CQT). 4. Artificial Intelligence (AI) Tokens AI tokens leverage artificial intelligence to enhance scalability, user experience, and security within the crypto ecosystem. Despite a relatively modest market cap of $22.6 billion compared to traditional tech giants like NVIDIA ($2.20 trillion), AI tokens hold immense potential. OpenAI CEO Sam Altman's plans to raise funds for a new AI chip project further underscore the sector's growth prospects. Key AI tokens to watch include Bittensor (TAO), Ocean Protocol (OCEAN), SingularityNET (AGIX), Graph Protocol (GRT), and Fetch.ai (FET). 5. Gaming Tokens Crypto gaming coins represent in-game items, currencies, and virtual goods, tapping into the booming gaming industry. With a current market cap of $22.7 billion, gaming tokens are positioned for exponential growth. By 2030, the gaming industry is forecasted to reach a staggering $700 billion. Leading gaming tokens include GALA (GALA), Nakamoto Games (NAKA), Immutable (IMX), Vulcan Forged (PYR), and Myria (MYRIA). Disclaimer: #NFA (Not Financial Advice), #DYOR (Do Your Own Research) In conclusion, as the Bitcoin halving approaches, investors are eyeing altcoins for potentially lucrative returns. Whether it's through RWA tokenization, investments in Chinese projects, DePin networks, AI tokens, or gaming tokens, opportunities abound for those willing to explore the diverse landscape of the crypto market.
• $ENA - "New shiny + Serious projects" = Ethena - Achieved the highest returns among major dApps over the last 7 days, with $8M in earnings. - Significantly increased TAM with BTC collateral acceptance.
• $ORDI - Serves as the default memecoin proxy for the BTC Halving cycle. - On April 4, Franklin Templeton wrote a report on Bitcoin Ordinals. - Scheduled for a Coinbase Futures listing on April 11th, Stacks Nakamoto Upgrade beginning on April 16th.
• $FTM - Andre Cronje said, "Sonic upgrade still spring and The Summer target is something bigger." - Recently, Solana experienced network congestion. Fantom could be an indirect beneficiary of this issue with its "horizontal scaling" narrative.
• $ALT - Rumors suggest an Eigenlayer TGE happening in mid-April, hinted by Arthur Hayes. - Altlayer is a leading Eigen-beta with a "Restaked Rollup narrative". - $ALT stakers are highly likely to receive airdrops of $EIGEN and $XTER.
• $DOGE - In recent years (2021, 2022, 2023), Doge has shown a tendency to maintain its upward momentum until the day before Doge Day (4/20).
• $MANTLE - Mantle is guaranteeing high returns for $MNT stakers through Ethena/Pendle - An airdrop of $PUFF has been conducted for $MNT stakers, and the price of $PUFF has reached an ATH, attracting retail money. - As a result, Mantle's TVL and holders are reaching new ATHs daily, acting as a catalyst for upward momentum.
• $ANKR - AI + dePIN + BTC LST + RaaS = Ankr - The utility of the $ANKR token is being reevaluated due to @Neura_io. - Important announcement expected at "Stability World AI" on April 15th.
• $STG - The launch of Stargate V2 is imminent, as hinted by Layerzero Co-Founder. - Currently, it's the leading bridge in terms of volume and DAU. - The launch of Wormhole $W is causing a reevaluation of the value of interoperability projects.
#Bitcoin has once again announced its arrival at the $70k level.
In just 3 weeks we are going to witness an event which is going to change the market scenario for good and for ever.
💰 Where is the price heading next ?
👉 Last week's red week was largely fueled by Grayscale outflows, with entities like Celsius, FTX, and Genesis flooding the market with GBTC.
This influx of supply put pressure on Bitcoin's price. However, insights from blockchain analytics firm Arkham suggest that Grayscale's Bitcoin Trust (GBTC) could run dry in just 14 weeks at the current rate of redemptions.
This scarcity could have significant implications for Bitcoin's price dynamics.
👉 Despite the outflows, the launch of Bitcoin ETFs has injected new energy into the market.
Notably, ETF trading volume for Bitcoin ETFs has surged, with BlackRock and Fidelity leading the pack.
This institutional interest is a bullish sign for Bitcoin's legitimacy as a mainstream asset class.
MAJOR ALTCOIN COLLABS AND BOOST 🔥
Altcoins are also gaining traction, with projects like $AVAX and $LINK collaborating on on-chain asset settlement solutions.
This interoperability showcases the potential for a unified crypto ecosystem where different blockchains seamlessly interact, creating a truly interconnected digital economy.
Blackrock $100M investment plan into tokenization has once again lit up the market.
$RIO $NXRA $PROPC $PROPS and many more promising RWA projects saw a huge boost and the prices hit new highs for their current bull market.
What's important is to not sell the news. You will be manipulated at the time of the event with an institutional dump that will allow big players to buy cheap.
If #Bitcoin holders can stay strong at such times, we will definitely see a movement close to $100k with the simple logic of demand and supply coming into action.
Top Narratives like #AI , #RWA , #Layer1 and #gaming would once again be fuelled to replicate the big price movement we have seen so far.
- 2024 Hong Kong Festival - Big announcement $WAX $CVC - Do Kwon $LUNA $LUNC $USTC - $BAKE Memecoin $PUMP - $PDA Delisting (Upbit/Bithumb) - Unlock $DYDX $PORTAL $PRIME - $ZK $15M Airdrop campaign
👇
• The Hong Kong Web3 Festival is scheduled for April 6, with several Hong Kong-themed projects showing upward momentum ahead of the conference. $CFX $ACH $CKB
• Terraform founder Do Kwon is about to be released from prison in Montenegro, and related coins are showing signs of meme-coinization. $LUNA $LUNC $USTC
• $BAKE - Trading for the $PUMP token is set to commence on March 25 at 11 AM (UTC).
• $DYDX - $112M worth of tokens (11% of the circ. supply) will be unlocked on April 1.
• $WAX - Wax will be announcing big things on March 26.
• $CVC - Civic will announce the big thing on March 26.
• $PDA - Playdapp will be delisted from a South Korean exchange today. Team announced mainnet launch on April 11.
• $PORTAL - $57M worth of tokens (3.06% of the circ. supply) will be unlocked on March 29.
• $PRIME - $41M worth of tokens (4.65% of the circ. supply) will be unlocked on March 31.
• $ZK - Polyhedra is about to launch a $15 million ZK airdrop campaign.