Runes: Bitcoin’s 100X Opportunity Explained

Runes: Bitcoin’s 100X Opportunity Explained

how do you make money in crypto one straightforward way is to be early to something new to buy it and then well you wait and sell it for more money later can you still do that with Bitcoin though well kind of I still think Bitcoin is a great investment and if itself and that’s going to go up a lot more it’s going to hit a million dollars one of these days but it’s not going to give you that 100x opportunity right now so potentially higher returns you need to look a bit further a field you can still look within Bitcoin and we’re going to talk about runes if you’re not sure exactly what runes are that’s perfect because that lack of clarity comes with being early it’s a potential 100x opportunity in the Bitcoin ecosystem so today I’m going to run you through what the heck runes are what the top runes projects are and well how you can actually get a hold of them so WTF are runes anyway well in the smallest possible little nutshell runes are basically meme coins on Bitcoin in a little more detail runes are fungible tokens on bitcoin meaning that they’re like erc20 tokens on ethereum right now now everyone is focused on Meme coins but runes like ethereum’s erc20 token standards can serve other purposes too and if you want a longer history there’s a direct line from ordinals which are basically mem coins and Bitcoin before to brc2 tokens and now back to runes see back in January 2023 a developer called Cassie rmore Rod armor whatever came up with uh the ordinals protocol which enabled onchain nfts on bitcoin an early buyers reaped some pretty big rewards with collections like ordinal Maxi Biz making big gains then March 2023 developer known as Domo used the ordinals protocol to create fungible tokens on the Bitcoin Network called BRC 20s this method was criticized for being too complex too inefficient which all those things are kind of right but here is an important Point those faults didn’t stop early buyers from again banking big profits for example a token called SATs made gains around 2,500 in just a couple of months at the end of 20123 and after that ordinals Creator Cassie rmore came up with the runes protocol which is specifically aimed at enabling fungible tokens on bitcoin referred to as runes but which compared to BRC 20s are much simpler more efficient and much more flexible and more wall it compatible so basically the new generation of all that cool stuff runes launched at the Bitcoin having on April 20th tapping into the huge amount of attention on BTC at the time and they have some very interesting and unique features now you might notice that runes have long strange looking names you start looking into it you’ll find these and this is because of a naming convention stipulating that tokens must have at least 13 characters in their names with dots placed between the words although this is the minimum limit reducing by one character every 17,500 blocks or roughly every four months okay interesting anyway confusingly though that’s not confusing enough confusingly though tokens will often have a long name and also be referred to by a more conventional ticker name for example dog Dogo do to dothe do Moon is also just simply known as dog the ticker also Run’s projects are numbered according to the order in which they were created so you can immediately recognize which of the runes coins were the earliest decentralized for example is Rune number two and there’s also a number zero which was hardcoded by Cassie rmore himself and that is called uncommon dog Goods some runes tokens are links to to ordinal projects and runes right now feel somewhere kind of between meme coins and nfts with mints to create new tokens much like nfts having launch mints that people get very excited about however not all runes are created this way and there are also pre-mine runes because of course there are meaning that the tokens are created before the launch by the developers all that there why is now a good time a good moment to be paying attention to runes potentially even to buy runes well great question before I answer that I wanted to let you know about the wealth Mastery newsletter it is the best damn newsletter out here in the cryptocurrency business we’re covering stuff like runes and everything else happening in crypto space early every week my team of researchers and I work hard to help you stay up toate and ahead of the curve on what is happening in crypto altcoins nfts defi meme coins charts and much much more you can join our 125,000 plus weekly readers for free using the link Down Below in the description or the pinned comment on X thank very much so there was a lot of runes hype going into the Bitcoin having which only a short time later has kind of died down quite a bit transaction numbers have dipped by a lot having taken a huge share of onchain activity at launch prices came down heavily and it looks like crypto attention has once again wandered elsewhere we have the attention span of gold fishs market I swear so you might be thinking well that all sounds pretty bad I shouldn’t be paying attention to this but don’t forget when looking to buy when prices are low okay you want to sell in the future rips when they come of course that means you need to have conviction that there will actually be a future rip in the first place that’s uncertain but there’s plenty suest that suggest that it could happen active communities are grinding projects are building and importantly we’re not talking about tokens on another VC back layer one which the community is getting a bit tired of we’re talking about tokens on the OG Big Daddy Bitcoin the first biggest most expensive blockchain in the world now if you look back at early days of brc2 tokens and Bitcoin ordinals they were both always went through these these early slumps before delivering the big returns to those who huddled through or who bought the lows suggesting runes may follow a similar trajectory but here are some figures to think about the market cap of all runes combined has not yet broken the $1 billion Mark come on despite the fact that Casey rmore is uh threatening to make commit seu if a billion dollars isn’t achieved within a month from L let’s make sure he sticks around here good developer man don’t do it don’t do it don’t do it the market cap of leading Rune token dog is currently just below $200 million by comparison the total market cap of all salana meme coins together is almost 7.5 probably more than and that by the time you watch this well the market cap of the top meme coin in the world Dogecoin which is on ethereum is by itself over 21 billion and as we said Bitcoin isn’t just any old blockchain it’s Bitcoin man come on so the next question is well if you’re interested in buying runes well which runes should you even be looking at in the first place well here are the top projects the top runes to be clear not Financial advice on which Rune to buy hold or sell I don’t currently own any of these that might change in the future as I’m even recording this think like maybe I should get some runes Anyway full portfolio disclosures in the description you can also see full risk statements there because crypto is risky you can lose all your money memes are even riskier meaning you can lose all your money even faster okay don’t be children please understand the risks okay first up we have dog go to the moon or just dog now this may be the highest profile Rune out there right now is air dropped to Holders of runstone ordinals and it makes a big point about having been what it calls a free and fair airdrop with no Insider allocations right everybody had equal opportunity to go out and buy the runestones dog bagged uh runes number three and it’s openly trying to appeal to mainstream buyers rather than crypto natives in fact a lot of crypto natives like to hate on dog and yet it remains right there at the center of the runes ecosystem and everybody loves dogs don’t we dogs are great way better than cats I think we can all on that right obviously there’s pups full ticker pups World piece this started as a brc2 token that can have be converted to a Run’s token there’s also a bridged Solana version of this and there are also Rune pups ordinals which were dropped to Holders of Bitcoin puppets ordinals and delivered a pups token allocation to Holders it all gets a bit complicated overall pups has that slightly cult likee quality that sometimes times can really help uh Propel whether it be an nft protocol or a meme coin to outlast competition run coin also known as RS i. genesis. run was distributed to Holders of rsic ordinals and as Rune number eight Rune coin has been listed on the centralized exchange okx which gives it of course a big advantage in terms of liquidity and it also has a partnership with the big name mean land nft project with stakers in memeland community actually receiving Rune coin airdrops next is lobo Lobo is separate from dog but having been created by buoyant Capital was also like dog air dropped out to runstone Holders early on and there’s a possibility that it might run in the event that dog makes some big gains maybe people look at that as a beta play here potentially another one to be aware of is magic. internet. money also known as wizard wzrd which was a brc2 token with plans to migrate to runes and is likely to do well if runes blow up some other runes that have gained that early traction and early attention include the weird and potentially offensive wanko mango runes we have Gob Gob is Gob is Gob from a project called game blocks we have waddle waddle pangu I know guys I know stick with me okay okay so if your portfolio is crying out for Penguins I guess that’s something Satoshi Nakamoto which grabbed attention because of course the name decentralized which was launched by ethereum based OG nft project cyber Kongs there is anarcho Camp bus a name that shows up in Casey romor you know the guy who made the runes protocol it’s in his Twitter bio so there’s all these other things right these are really the standouts right now but remember that all meme coins basically have a let’s just call it a highrisk degenerate gambling quality to them okay okay come on seriously guys and since runes are still at such a low market cap a brand new Rune might come out at any time and surge into the top ranks like we saw with like dog with hat for example came out of nowhere right in the top next though let’s run through some basic tools that any deck to buy and trade runes so how do you buy runes in the first place well first you’re going to need of course a suitable wallet the top two choices are XE and unisat both of which are easy to use options so when doing anything runes related in your wallet make sure or to use the run’s address which will begin with bc1 and is also used for ordinals and BRC 20s rather than using the regular Bitcoin address so to buy and to sell you can use nft Marketplace magic Eden which also by the way has its own multi-chain Rune supporting wallet or hey by the way if you’re us a magic Eden you might get into the magic Eden airdrop too bonus or you can use uh various exchanges but where to go to depends of course on the token however okx has listed several runes on its decentralized Marketplace and it has listed Rune coin on its centralized exchange so to use the okx Dex you’ll need to download the okx wallet but that only takes a few minutes to actually get set up so it’s not super hard other exchanges are testing out the runes Waters including bitg get and gate.io and one more option of course is to buy on the Bitcoin specialized unisat Marketplace so if you want to M brand new runes as they launch then check out luminex or again you can use the unisat platform look that’s more than enough to get you started to be honest but one last point I I would like you to keep in mind is that while being early to a new protocol can of course being bring opportunities can be very exciting it also comes with obstacles and risks you’re a Pioneer you’re on the Oregon Trail you’re going out there but people died to denty remember that so stick around we’ll pick up a few things to be careful about okay so that that’s not you okay risks for runes and the obstacles first of all the whole process of trading runes still has a lot more friction than usual of course centralized exchange Ops will help that but runes haven’t yet replicated the easy experience of flipping meme coins via your Phantom wallet on salana that’s really easy and fun and people are doing it one strange feature your encounter is that runes are also traded in fixed batches containing specific amounts of the token so this is definitely uh suboptimal compared to regular token trading and while packages can be split into smaller Lots buyers still have to select from amounts set by sellers which is again far from ideal for something as Casino like as meme coins where buyers often just want to throw in you know some really small amount of cash five bucks 10 bucks 20 bucks and then there’s the biggest risk of course which is pretty simple what if runes simply Fade Into crypto history in complete irrelevance as a fun experiment that just didn’t work out and everybody lost all their money on wouldn’t be the first time is that a real possibility of course it can happen but then the tradeoff when you jump in early that’s that’s what it is right the potential returns are high but you’re placing a bet with no guarantees there you go so side accordingly considering the risk if you are going to dive into this new Arena that all being said we’ve already seen ordinals and brc2 tokens go through a pattern of initial hype loss of attention and then substantial gains so while there are no certainties by any means if you are looking for a still early meme coin ecosystem which also happens to be on bitcoin then runes runes have it on your radar check it out thanks for watching

How Runes can deliver big gains on Bitcoin
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00:00 Intro
00:42 WTF Are Runes Anyway?
02:23 Runes Features
05:02 Why Is Now a Good Moment to Buy Runes?
07:46 The Top Runes Projects
11:11 How to Buy Runes
13:05 Runes Risks and Obstacles

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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.