Bitcoin Runestone rose above 0.07 BTC! Market value exceeds BAYC and ranks as the second largest NFT

The Bitcoin NFT project runestone "Runestone" jointly developed by Leonidas, the founder of the national Bitcoin inscription platform Ord.io and Ordinals developer, is designed to reward those who participate in the Ordinals protocol in the first year. Players started a craze after completing the airdrop in mid-March, and the floor price continued to rise.

According to Coingecko data, the floor price of Runestone has climbed to 0.074 BTC, approximately US$5,182, an increase of 16.2% within 24 hours. This has brought Runestone’s market value to US$582 million, surpassing BAYC’s US$406 million, becoming The second largest project in the NFT market, trailing only CryptoPunks at $1.44 billion.

NFT Market Value Ranking

In the past 7 days, the floor price of Runestone has increased by as much as 78%, compared with the floor price of 0.0189 BTC when it went online in March. , so far the floor price has increased by 290%.

Runestone issues meme coins to boost floor prices

Runestone floor prices have been soaring recently, which may be related to Runestone’s new good news. Leonidas announced on the 6th that Runestone holders will receive three There are three Runes meme coin airdrops, one of which is planned to take place this month, another is expected to be airdropped in 2024, and the remaining one will be released when Runestone becomes the most powerful meme coin.

Leonidas said last month that Runestone’s goal is simple, that is, to create the world’s top meme currency on the world’s top blockchain (Bitcoin). The code and supply of Runestone’s meme currency will be determined by the community. It doesn't necessarily need to be related to the Runestone theme, the design concept is completely open.

Leonidas emphasized that everyone mistakenly regards Runestone as an NFT collectible, but within a month, everyone will regard Runestone as a meme currency. If the meme currency is randomly pre-sold on a small blockchain such as Solana, Can soar to a market value of US$1 billion overnight, imagine what a meme coin on the Bitcoin chain can do.

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