Nfts
The Rise of Bitcoin’s Latest NFT Craze
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You might find this funny, but I’m Rune Punk 70374261
The new thing in crypto: runes
Credit: Clem Chambers
If it were a rycptopunk on ether it would be worth around $150,000, but that’s not the case and is instead on the Bitcoin blockchain via the runes protocol. It could be worth $15.
Runes are an evolution of ordinals both created by Casey Rodarmor. These protocols enable Ethereum blockchain-type behavior, in particular NFT-type digital objects.
Runes are the new “latest thing” for Bitcoin.
If bitcoin heads towards $120,000, the runes will also head to the moon.
Here is bitcoin as I write:
The current Bitcoin chart
Credit: ADVFN
This looks good, but the roadmap remains as shown in this graph:
The Roadmap to a Bitcoin Breakout
Credit: ADVFN
Or refined over time:
Roadmap for Bitcoin Breakout with the Passing of Time
Credit: ADVFN
Everything revolved around either a moon above $100,000 or a sudden crash and even down to $40,000.
Right now, it looks bullish as bitcoin is at an enticing level that can easily turn into a breakout.
Don’t be confused. Only one in five moves to the top of a channel turns into a breakout, or that was the statistic when I was doing the analysis years ago. If the breakout happens it will be time to look at ether and other majors as well as bitcoin and it will also be time to hunt down the last one, the last thing destined to be the fairy on the Christmas tree of last step of this crypto. ride a bike.
So, while you sit and wait, it’s worth familiarizing yourself with ordinals and runes, because as someone who has already earned a lot of money from them and as the holder of a runestone, runes will definitely do well if Bitcoin
Bitcoin
can sail for $100,000.
Disclosure: I own Bitcoin and neither.