You might find this funny but…
I am Rune Punk 70374261.
If this was a Cryptopunk on Ethereum it would be worth about $150,000, but it is not and it 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 Rodamor. These protocols enable Ethereum blockchain style behaviour particularly NFT-like digital objects.
Runes is the new ‘latest, latest thing’ for Bitcoin.
If Bitcoin is heading for $120,000 then Runes will be heading for the moon too.
Here is Bitcoin as I write.
It looks good but the roadmap remain as this chart shows is:
Or refined with the passage of time.
Everything revolved around either a moon over $100,000 or a sudden crash back and even through $40,000.
Right now its looking bullish because Bitcoin is at a tantalizing level which can easily rally into a breakout.
Don’t be fazed. Only 1 in 5 moves towards a channel top turns into a break-out, or so that used to be the statistic when I did the analysis years ago. If the break-out comes it will be time to look at Ethereum and other majors as well as Bitcoin and it will also be time to hunt out the the ‘latest, latest, thing’ destined to be the Fairy on the Christmas tree of the last leg of this crypto cycle.
So while you sit and wait its worth skilling 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 do well if Bitcoin can vault $100,000.