Bitcoin
The Rise of Bitcoin’s Latest NFT Craze
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getty
You might find this funny, but I’m Rune Punk 70374261
The New in Cryptography: Runes
Credit: Clem Chambers
If this were a rycptopunk in ether it would be worth around $150,000, but it isn’t and is on the bitcoin blockchain instead via the runes protocol. It might be worth $15.
Runes are an evolution of ordinals, both created by Casey Rodarmor. These protocols enable Ethereum blockchain-style behavior, especially NFT-type digital objects.
Runes are the “latest” in bitcoin.
If bitcoin is going to $120,000, then runes are also going to the moon.
Here is bitcoin as I write:
The current bitcoin chart
Credit: ADVFN
It looks good, but the roadmap remains as shown in this graphic:
The Roadmap to a Bitcoin Breakout
Credit: ADVFN
Or refined over time:
Bitcoin Breakout Roadmap Over Time
Credit: ADVFN
It was all about a moon above $100,000 or a sudden drop and even $40,000.
Right now, it looks bullish because bitcoin is at a tempting level that could easily turn into a breakout.
Don’t be intimidated. Only one in five moves toward the channel top turns into a breakout, or that was the statistic when I did the analysis years ago. If the breakout occurs, it will be time to look at ether and other major currencies as well as bitcoin, and it will also be time to hunt for the latest, destined to be the fairy on the Christmas tree of this crypto’s last leg . cycle.
So while you sit back and wait, it’s worth brushing up on ordinals and runes, because as someone who has already made decent money from them, and as a holder of a runestone, runes will certainly work well if bitcoin
Bitcoin
could raise $100,000.
Disclosure: I own bitcoin as well.