Rune is back, here is a list of the most popular rune projects (with selection strategies)

Original | Odaily Planet Daily ( @OdailyChina )

Author: Golem ( @web3_golem )

The current total market value of Rune has rebounded to US$1.3 billion. According to CoinGecko data, DOG鈥O鈥O鈥HE鈥OON has risen 29% in 7 days, and its market value has exceeded US$500 million; PUPS鈥ORLD鈥EACE has risen 165.6% in 7 days, and its market value has exceeded US$190 million; BILLION鈥OLLAR鈥AT has risen 92.7% in 7 days, and its market value has exceeded US$83 million.

Changes in the total market value of Rune in the past three months (in US dollars), from GenniData , October 12, 17:20

The leading rune also boosted the popularity of the primary market. Due to the enthusiasm of the market for new listings, the transaction fee of the Bitcoin network also rose to more than 20 satoshis/byte. The market sectors rotated. Is it finally time for the rune lovers to make a fortune? In this article, Odaily Planet Daily will review the popular projects that have appeared in the primary market of runes recently to help everyone quickly understand the market situation and keep up with the big team.

GIZMO鈥MAGINARY鈥ITTEN

• Total: 1 billion

• Current market value: $6.1 million

• Holding address: 1942

• Minting duration: 23:00, October 11, 2024 – 5:00, October 12, 2024

• Reservation: No reservation

GIZMO鈥MAGINARY鈥ITTEN is a rune gold dog that was just released last night. The current trading volume on Magic Eden has exceeded 2.1 million US dollars, and it is still sufficient. GIZMO鈥MAGINARY鈥ITTEN is also a kitten in the puppet IP. The rune name comes from a tweet sent by the founder of the puppet. From the timeline, someone deployed the puppet monkey cat a few minutes after the tweet was sent.

Although during the minting process, the Puppet founder tweeted again to indicate that the rune had nothing to do with him, it still did not stop the markets FOMO sentiment.

PETER鈥S鈥鈥LEEPY鈥AT

• Total: 42 million

• Current market value: $790,000

• Holding address: 850

• Minting duration: April 20, 2024 – August 20, 2024

• Reserved: Reserved 6.9%

PETER鈥S鈥鈥LEEPY鈥AT (X: @petersleepycat) The Sleeping Cat is not a recent first-level project in terms of its casting time, but its popularity has soared recently. The reason is that the cats owner Dominik live-streamed the cat sleeping on X, which attracted about 20,000 views, and then attracted the attention of the rune community and market.

Although PETER鈥S鈥鈥LEEPY鈥AT reserved 6.9% of the tokens, the deployer once stated in the community that most of these tokens would be used for marketing expenses to help the rune go viral.

RETARDED鈥IRD鈥INANCE

• Total: 1 billion

• Current market value: $900,000

• Holding address: 711

• Minting duration: 15:00, October 10, 2024 – 22:00, October 10, 2024

• Reservation: No reservation

RETARDED鈥IRD鈥INANCE (X: @RBF_BTC) was promoted by the community as a rune that used some recursive technology, which then caused market FOMO. The average casting cost is 0.19 sats. Currently, the unit price of the rune remains at around 1.2 sats, with a historical high of more than 3 sats. The profit is more than 10 times, and it can be called a golden dog.

If there are practical applications in the future, perhaps the golden dog attributes can continue.

RIBBIT鈥AGIC鈥ORTUNE

• Total: 10 billion

• Current market value: $1.19 million

• Holding address: 1326

• Minting duration: 15:00 on October 8, 2024 – 3:00 on October 9, 2024

• Reservation: No reservation

RIBBIT鈥AGIC鈥ORTUNE (X: @ribbitmagicfrog) claims to be the first community-driven rune frog. The unit price of this rune was 0.0037 sats when it was minted, and the current unit price remains at 0.2 sats, with a maximum of around 0.55 sats, with a return of over 100 times, making it a real golden dog. From the perspective of the community, the Rune Frog community is mainly active in overseas rune communities. Even though 3 days have passed since the minting was completed, the buying on Magic Eden is still strong, and the 24-hour trading volume is still over 200,000 US dollars.

DIK鈥IK鈥HICCNESS

• Total: 100 million

• Current market value: $370,000

• Holding address: 488

• Minting duration: 1:00 am, October 8, 2024 – 7:00 am, October 8, 2024

• Reserved: 0.01% Reserved

DIK鈥IK鈥HICCNESS (X: @DIKDIKTHICCNESS ) is named after an African antelope, which makes a sound like dik-dik when frightened. This rune has a relatively high proportion of attention in overseas communities, and its tweets have a high community interaction rate. The unit price is about 0.2 sats when it is minted, and the current unit price remains at 6 sats, with a maximum of 8 sats, with a profit of more than 10 times, and it is also a community gold dog.

FRANK鈥RANK鈥RANK

• Total: 69 million

• Current market value: $200,000

• Holding address: 985

• Minting duration: 14:00, October 11, 2024 – 00:00, October 12, 2024

• Reservation: No reservation

FRANK鈥RANK鈥RANK (X: @FrankOnBTC) became increasingly popular during the minting process, with the unit price rising from 3 sats to 14 sats. Many people speculated that it might be a gold dog. But after the minting was completed, the price fell all the way and the current unit price has reached 2 sats.

The price trend of this rune is very typical in the rune ecosystem, belonging to the Gas stampede type. Because the players FOMO before the casting is completed, the Gas price is raised, so that the early casting players can earn the Gas price difference of the later players. When the casting is completed, players with different casting costs sell their goods at the same time, and a price stampede occurs, and the price collapses within a few hours.

This is one of the reasons why many veteran players of level 1 runes will ship out their items before the casting is completed.

So, is it PVP or win-win this time?

Although the primary market of runes is more prosperous than before, it is far less prominent in terms of the number of participants and the out-of-circle effect, and the PVP situation in the ecosystem is still serious. The recovery of the primary market this time is mainly due to the rise in the price of the top runes, but if the rune ecosystem is quiet again, new and small rune projects will probably fall first. Moreover, after the first wave of rune quietness, strictly speaking, only BILLION鈥OLLAR鈥AT, a golden dog with a large market value and high durability, was born again.

Therefore, for the primary market of runes, doubling the capital with a small amount of money is still a very effective strategy. If your energy and time do not allow you to sit on the chain for a long time, but you dont want to miss the opportunity of runes, then it is still a very safe strategy to only place positions on the top runes.

This article is sourced from the internet: Rune is back, here is a list of the most popular rune projects (with selection strategies)

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