Memecoins
Bitcoin hits new highs since halving, ORDI, DOG and other BTC rallies Memecoins
Bitcoin hits new highs since halving, ORDI, DOG and other BTC rallies Memecoins
Bitcoin (BTC) the price surpassed $71,000, reaching its highest price since the Bitcoin Halving event. This increase is occurring alongside a notable increase in Bitcoin-based memecoins like ORDI, DOG, and PUPS. On Wednesday, Bitcoin hit a high of $71,172, according to data from CoinMarketCap. BTC is currently trading at $70,839, with a gain of 2.21% in the last 24 hours and 3% in the last 7 days.
Following Bitcoin’s rise, some of the most important fungible tokens on the Bitcoin blockchain, including BRC-20 and Runes tokens, are seeing even greater gains. COMPUTER, the first token issued last year using the BRC-20 standard, surged nearly 17% to just below $57.5, the highest price since early April. Other BRC-20 tokens also saw significant gains, with PUPPIES up 121% and Bitcoin Wizards (WZRD) up 136%. PUPS and WZRD are scheduled to launch on the Runes protocol.
The collective market capitalization of tokens on the Bitcoin-based Runes protocol has now surpassed $2 billion, signaling a strong renaissance of the meme coin ecosystem on the Bitcoin network. According to According to GeniiData, tokens on Runes have reached a collective value of $2.4 billion, double last week’s $1 billion. The Rune Token Standard was launched during the April 19 Halving.
DOG•GO•TO•THE•MOON (DOG), one of the leading tokens in the Runes protocol, has also seen impressive growth. Dropped for free to runestone holders, DOG has more than doubled its price over the past week, rising 120% to a current price above $0.0095, with a market cap of $960 million.