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Bitcoin Runes meme coins

The meme coin movement has not passed by one of the most well-known blockchain networks, Bitcoin. It has become home to thousands of meme coins, thanks to a new protocol called Runes. Its creator, Casey Rodarmor, a Bitcoin developer, launched the protocol on April 19, 2024, the same day the fourth Bitcoin halving event occurred. Since then, Bitcoin Runes meme coins have been seizing power within the crypto industry. Bitcoin Runes operates a bit differently than other blockchains. It greatly simplifies the creation and management of fungible tokens by utilizing Bitcoin’s native unspent transaction output (UTXO) account model. Moreover, Runes tokens can be created and operated without the need for any smart contract functionality. Given the protocol’s user-friendliness, more and more people are choosing it for creating meme coins. Dozens of new tokens are being launched per hour and it is getting challenging to select the best ones for investment. We have done the research and handpicked five top Bitcoin Runes meme coins that are worth paying attention to now. Check them out! Important Disclaimer: While the below-listed meme coins are selected based on trading activity and popularity, their listing does not constitute investment advice. Carefully evaluate your risk appetite and do your own research on the listed coins before making any investment decisions.

Best Bitcoin Runes Meme Tokens: 5 Top Picks for 2024

UNCOMMON GOODS

The story of Bitcoin Runes meme tokens started with UNCOMMON GOODS ($UNCOMMONGOODS). This is the first meme coin on Runes, launched by the protocol’s founder, Casey Rodarmor. Called the “hard-coded genesis rune” token, it ranks as Rune #0 on the Magic Eden marketplace. Unlike other Runes tokens with a fixed supply, $UNCOMMONGOODS has no preset total supply. It was opened for minting from Bitcoin block 840,000, exactly the same block when the halving occurred. It will remain available for minting until the next Bitcoin halving event, expected to occur in about four years. Priced at $1.15 at the time of writing, $UNCOMMONGOODS is priced at $1.15 at the time of writing. Being the first Runes token created by a legendary person, UNCOMMON GOODS is likely to keep the status of the most sought-after meme coin in the years to come.

DOG GO TO THE MOON

DOG GO TO THE MOON ($DOG) is a dog-themed meme coin created by Leonidas, a Bitcoin Ordinal maximalist. Its entire supply of 100 billion units was distributed to the holders of Runestone Ordinals NFTs. Despite having no utility, the Bitcoin community hyped the project. It led to the explosive growth of the Bitcoin Ordinal market and provided  $DOG with the largest market share among Bitcoin Runes tokens. The $DOG meme coin is Leonidas’ way of doubling down on the latest technologies entering the Bitcoin ecosystem. There are 100 billion units of the $DOG meme coin. Despite being new, the Runes token has accumulated a market capitalization of over $279.37 million at the time of writing. It is not being traded for $0.002786 with over 70.4K wallets holding the $DOG token. The meme token’s value is bolstered through burns. As of May 7th, over 44.4 billion $DOG tokens have been burnt. The $DOG token has also been publicized to the $DOG army via its creator’s X profile, which has 211.7K+ followers.

SATOSHI NAKAMOTO

SATOSHI NAKAMOTO ($丰) is a meme coin inspired by the mysterious identity of the pseudonymous Bitcoin creator, Satoshi Nakamoto. The meme coin, with a logo of an anonymous silhouette, prides itself as one of the first Runes on the Bitcoin blockchain. SATOSHI NAKAMOTO has a total supply of 21 million, similar to the leading cryptocurrency, BTC. Its market cap is $28.3 million at the time of writing with $892,703.45 trading volume for the last 24 hours. It’s being traded for $1.69 now, marking a 2% surge in the price.

MEME ECONOMICS

MEME ECONOMICS ($MEMERUNE) is also one of the leading Bitcoin Runes tokens with a total supply of 21 million. It was etched on April 20, 2024, a day after the Bitcoin halving event. On Magic Eden, $MEMERUNE ranked as Runes #7 at the time of writing. It has a market cap of 2.75M with each unit of the meme token now being traded at $0.1635 at the time of writing.

DECENTRALIZED

DECENTRALIZED ($DECENTRALIZED) is a meme coin created as a reward token for community members of an Ethereum-based NFT collection called CyberKongz. The team behind the ape-themed project launched Prometheans, a Bitcoin Pre-Rune NFT collection, in April as its first foray into the Bitcoin network. Later that month, the team tapped into the Bitcoin Runes hype and created DECENTRALIZED, ranked as Rune #2. Unlike most Bitcoin Runes meme tokens with long names, $DECENTRALIZED is a single word that resonates with its creators’ goals. The Bitcoin Runes meme token encapsulates CyberKongz’s mission of bringing the most utility to its Bitcoin community and onboarding its ETH-based frens into the leading blockchain ecosystem. Following its launch, $DECENTRALIZED was airdropped to holders of the Prometheans NFTs and other prominent Ordinals communities. The token has a market cap of $34.5 million with a $0.001802 trading price.

Conclusion

Bitcoin Runes meme coins are a notable advancement in the crypto space. The excitement around them is mounting, trading volumes are surging, and the community is expanding. While meme coins on the Runes protocol have a high potential, investors are advised to conduct thorough research before making any investment decisions.