Memecoins ad nauseum. He is not happy that I invaded Ethereum (ETH) later Solana (SOL).THE memecoins also risk landing in force on bitcoin (BTC). Because after the protocol Ordinalthis is now the protocol Runes which threatens the BTC network and overvoltage useless tokens based on more or less funny/cute memes.
The Rune Protocol: A Harbinger of Bitcoin Madness?
It is in September 2023 Casey Rodarmor – which is already a protocol creator Ordinal – announced the future launch of the protocol Runes. An effective launch that won’t take long now as it is believed to be planned for a year 840,000Thursday block bitcoin network, that is, right now from another halving Satoshi Nakamoto’s blockchain.
But Runes is actually more some improvement Ordinal registration as a new unprecedented protocol. As crypto-media CoinDesk in particular explains, Runes is meant to “create even cheaper and faster transactions “.
Less expensive transactions that therefore risk facilitating issuance crazy chips. Additionally, Casey Rodarmor himself recently said that “Runes were designed for people and memecoins “.
Memecoins on the BTC network are already the subject of wild speculation since “ people »
THE people they do not wait for the Rune protocol speculate frantic for anything even remotely resembling memecoin on bitcoin. So, as CoinDesk also points out, a token PUPS explodes on the rise last days.
His secret? Except his logo shaped monkey head (a priori?) scribbled in less than 10 seconds in Paint, the selling point of PUPS is to be “a memecoin on the world’s largest blockchain, bitcoin “. And that’s about it!
His little thing that has him exploding lately? The fact that he announces his migration to the Runes protocol. And the worst part is that it works because the price of the BRC-20 PUMP token has dropped from the price of around $3.8 April 4 at the top near 87 dollars as of this writing, April 12. Or an increase ultra-pumpesque » almost +2200% in 8 days.
Let’s hope this hype from people doesn’t cause too much for Runes severe overload/saturation bitcoin network that Ordinals protocol in May 2023, at the height of its own (thankfully fleeting!) hype. And don’t forget that the barrier between memecoins and shitcoins it is sometimes so weak that it does not exist. Anyway, good luck, it rocks!