Rune DOG breaks through a new high of $0.0075! Runestone rebounds 50% from bottom

With the preliminary approval of the Ethereum spot ETF and the change of U.S. presidential candidates’ stance on cryptocurrencies, the cryptocurrency market seems to be gradually recovering, with Bitcoin rising from the $57,000 level at the beginning of this month. It rose to a maximum of about $71,000, an increase of 24.6%.

The Bitcoin ecosystem has also benefited from this. Among them, the Runes sector has seen another outstanding performance recently.

SatScreener website shows that rune tokens have generally risen in the past 24 hours. According to the RunesMarketCap website, the total market value has exceeded 2.7 billion US dollars. It is still very amazing that such a result can be achieved in less than one and a half months after going online.

DOG broke through 0.0075 US dollars, hitting a new high

What attracted the most attention from the market was DOG•GO•TO•, which firmly ranks No. 1 in Rune’s market capitalization. THE•MOON ($DOG), which was the token of the Runestone airdrop that had previously soared above 0.09 BTC, hit a new high again earlier today, once touching $0.007542. The price is now quoted at $0.007134, up nearly 18% in the past 24 hours and more than tripled in the past two weeks.

The market value also exceeded US$700 million, becoming the 132nd largest cryptocurrency by market value.

Runestone rose 50% in a single day

With the strong performance of $DOG, the market seems to have high expectations for the future airdrop of two Meme coins promised by Runestone founder Leonidas. This has encouraged Runestone's price to skyrocket.

According to OKX NFT market data, Runestone’s floor price soared from yesterday’s 0.0098 BTC (approximately US$666.4) to today’s 0.0143BTC (approximately US$972.4), with a daily growth rate of 50%, and became the highest trading volume Inscription, its trading volume in 24 hours almost doubled.

Although after the completion of Runestone’s airdrop snapshot, its price dropped by more than 90% from its high point, as the value of the 889,806 $DOG airdropped increased and Runestone rebounded from the bottom, I still hold Runestone. of users already have up to $1,000 in benefits. The specific calculation is as follows:

“4/11 Runestone: 0.0912BTC, worth approximately US$6,201

Now:

Runestone: 0.0143BTC

$DOG: 0.093BTC

Total: 0.107BTC, worth about $7,276”

Rune’s potential catalyst

Will Rune’s recent stellar performance be a flash in the pan? Bitbro, an $RSIC (@rune_coin) is listed on OKX, and other potential exchanges include Binance and Kraken, both of which released Runes reports in May, showing strong interest in the sector.

• Bitcoin soft fork brings improvements to the development of BTCFi

• Stablecoins (USDC, USDT, etc.) are issued in Bitcoin with Runes On the network, this demand will increase with the development of BTCFi

• As time passes, the market digests this sell the news event on Rune

• Regarding the first point, Leonidas also continuously tweeted to emphasize the potential impact of the centralized exchange on the market value of $DOG. He said: Although the current market value of $DOG is as high as 740 million U.S. dollars, many people still don’t know it. how to buy. I'm really worried about what will happen once we list on a major centralized exchange and liquidity increases significantly. I have never seen any meme coin rise this violently before.

The above is the detailed content of Rune DOG breaks through a new high of $0.0075! Runestone rebounds 50% from bottom. For more information, please follow other related articles on the PHP Chinese website!