Original author: Joyce
原文来源:blockbeats
There is only one day left for the Bitcoin halving, and the Runes mainnet is about to go live, are you still analyzing what opportunities to ambush? In the past few tens of hours, the ultra-strong execution of the earth dog plate on Ethereum has made a lot of money.
In the past two days, many Runes-related projects on Ethereum have sprung up, although their descriptions are very rough and there is a bit of "demons dancing" in appearance, but it does not affect the fact that these tokens have increased dozens of times compared with the time of launch. Interestingly, overall, the time it took for the new Runes concept project to complete this high multiplier has been reduced from a week to a few hours.
Bitcoin L2 RUNIC, built around Runes, was launched on March 13, when the Runes protocol was not hot enough, and RUNIC halved a day after its launch, and then fell by more than 90%. In the past two weeks, when the Runes protocol gradually attracted the attention of the community, RUNIC also "came back to life", with an increase of more than 6 times in 5 days.
At the time of writing, Runic's official Twitter account has less than 5,000 followers, a number that's a little too small for a serious project, but it seems more than enough for the moment.
RunesBridge RB, another frequent visitor on Ethereum's recent hot list, has risen by more than 40 times in the 10 days since its launch, and is currently one of the "long-lived" protocols around Runes. As the name suggests, RunesBridge aims to build a bridge for the transfer of assets from the Bitcoin network to the EVME network through the Runes protocol.
RunesBridge is a bit more "serious" than other projects, and it launched a testnet yesterday, where users can receive test coins to experience the services provided by RunesBridge. Regardless of whether these features are actually useful in the Runes ecosystem, at least for retail investors, such a "service" makes them willing to give RB more confidence.
On April 15, the Runes₲lyphs token RG, a DeFi project that "provides staking services on the Runes protocol", was also launched, and it rose more than 10 times in the first two hours of its launch, and then quickly moved towards "zero".
However, for retail investors who want to find runes concept alpha coins, compared to RUNIC and RB, which have already shown an upward trend, RG close to zero seems to be a good choice. After three days of low shocks, RG began to erupt yesterday, rising nearly 7 times in the day.
The lucky ones who ate the profits quickly withdrew, and although Runes₲lyphs was still holding a "Thread Contest" to promote the project and launched a staking service while the iron was hot, RG was down about 60% of its highs at the time of writing.
Yesterday's lucky winners were not only early holders of RG, but also retail investors who were eyeing EtheRunes (ETR) at the right time. The same Runes soil dog, which rose 20-30 times in the opening hours and then quickly fell by more than 90%, ETR also ushered in a rebirth on April 18, with a daily increase of 536%.
Although the Runes concept only grows, the life of a dirt dog is only two days. The above-mentioned tokens have all fallen sharply after hitting high times in a short period of time, and today, the new plate of Runes concept, which carries the expectations of retail investors to get rich, is online.
RBot, which appeared at 7 a.m. Beijing time on April 18, rose 4 times in half an hour after it was launched, and fell by more than 75% in the next hour and a half, reaching a minimum price of $0.27 at around 9 a.m. Generally speaking, those who can make a profit in the first half hour of the launch are often from trading bots or scientists, and according to the trend of the previous tokens, RBot can also receive a wave of care from retail investors.
At 10 a.m., RBot waited for the "value discovery" to begin to grow gradually, and jumped to a high of $2 around 6 p.m., up 482% in 8 hours.
The BitRunes token BRUNE, a project born at the same time as RBot this morning, topped the Ethereum hot list at noon, and has risen by more than 10 times when it was launched. BitRunes also seems to be building a cross-chain bridge service around Runes, but the exact content is unknown - its official Twitter account has only more than 200 followers and only three tweets.
However, on-chain researcher DiTereh has issued a reminder, "Don't buy high-risk popular narratives. He took BRUNE as an example, pointing out that most of the buying orders at the beginning of its launch were trading sniper bots, retail buyers need to face great selling pressure, and the contract itself also has great risks, such as developers do not give up control of the contract, can suspend trading by modifying the contract, and modify the tax on buying and selling.
DiTereh's findings can confirm the trend characteristics of these project tokens, most of which were first launched and quickly increased to dozens of times in a short period of time, and then quickly came out of the road of collapse to zero, with the tokens falling by 60%-80% in a few hours. This was followed by the "value discovery" process, which lasted for a few days or a few hours, and was picked up by retail investors on the way to zero, and the price of the currency rose again, even breaking through the previous high.
The buzz of the demon flurry is reminiscent of the AI boom of two months ago. BlockBeats once mentioned in "20 times increase in a weekend, the AI Summer of the crypto market is coming" that in addition to the old strength projects, some small-capitalization AI projects continue to appear in the form of assembly line factories, and can achieve dozens of times growth in two or three weeks, which is much higher than the growth rate of serious AI projects.
When the Bittensor ecosystem attracts community attention, new projects around the TAO ecosystem are more attractive than TAO itself, and early holders can get a high increase regardless of whether the positioning is really feasible, and at its peak, there are as many as four or five new projects in the name of Bittensor in a week.
Contrary to what the community envisioned, after the narrative that new projects in the AI sector could be used was finished, the funds did not turn to "more reliable" projects, but were withdrawn directly. Recently, AI MEMEs have ushered in the final game of zero, and the project team has different running postures.
You can feel that the same logic plays out around Runes, and the pace is much faster. These two days are the peak of the popularity of the Runes concept project. On April 18, RUNIC rose as much as 150% in a single day, RB peaked at 463%, and ETR rose 536% in a single day. By April 19th, all of these tokens had a drawdown of between 40%-70%, while RBot and BRUNE were born at the same time, setting a new ascent line. Tomorrow, there may be a new Runes concept coin on the hot list, and its lifespan may be even shorter.
Although Runes is the consensus wealth password at the time of the Bitcoin halving, users who bought new tokens in the past two days according to the profit logic of the original Runes concept coin RB may have suffered a significant drawdown in their profits, and even face the risk of being "buried" if the entry point is a few hours apart. Who will be the winner in this "you will" narrative bargain?