Ordinals' Surge Pre-Bitcoin Halving

Bitcoin NFTs and memecoins surge, boosted by impending halving event and Runes protocol.

Author

Leah Alger
April 11, 2024

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This Week's Low-Down:

  • 📈 Bitcoin's Ordinals Inscriptions Exceed 65M Ahead of Halving

  • 👑 Top Ordinals and Runes Initiatives as Bitcoin Halving Nears

  • 🚀 Bitcoin Pups Soars 1094% Before Halving, Runes Protocol

  • BitBoy One Merges Retro Gaming with Bitcoin Earnings (Bitcolumnist)

  • Christie’s Embraces Bitcoin Ordinals, Auctions OMB Art (NFT Plazas)

  • Bitcoin Pups Meme Coin Up 1,000% Ahead of Runes Launch (Decrypt)

  • MetalCore Playtest 2 Grants Token Rewards on Immutable zkEVM (NFT Plazas)

  • Doodles Enters Animation with ‘Dullsville and the Doodleverse’ (Bitcolumnist)

  • Bridging Commerce, Culture and Gaming: An Ecosystem for Complete Digital Identities (Cointelegraph)

  • Token-Infused Event Opens for Space Nation NFT Holders (NFT Plazas)

  • Data NFT Platform Enhances Security and User Participation with XP System (Cointelegraph)

  • ‘Treasures Await Bold Adventurers’ of Doodles: Space Mission S1 (NFT Plazas)

  • This Fortnite-Like Ethereum Game Is Adding a Doge World (Decrypt)

  • Avenged Sevenfold Rocks Web3 Loyalty Program ‘Season Pass’ (NFT Plazas)

  • Animoca Brands Launches Community-Focused $MOCA Token Sale (Bitcolumnist)

  • Solana NFT Marketplace Tensor's Token Debuts to $640 Million in Trading Volume (Decrypt)

Trending Collections on OpenSea:

Bitcoin's Ordinals Inscriptions Exceed 65M Ahead of Halving

The Bitcoin network records over 65 million Ordinals inscriptions (NFTs) ahead of the upcoming Bitcoin halving event.

Source: Dune

  • Launched in January 2023, Ordinals have generated over $458 million in network fees, aiding Bitcoin miners financially.

  • The halving event, poised to occur around April 19, will reduce miners' block rewards from 6.25 to 3.125 BTC.

  • Ordinals' popularity highlights the growing demand for Bitcoin block space.

  • Bitcoin is rivaling Ethereum, driven by increasing utility and demand for Bitcoin NFTs and decentralized applications.

Top Ordinals and Runes Initiatives as Bitcoin Halving Approaches

With the Bitcoin halving and Runes protocol launch approaching, interest in Ordinals and Runes token-integrated projects is spiking.

Price trends around historical Bitcoin halving events (Chainanalysis)

  • NodeMonkes boasts a significant presence, with items starting at $45K and sales hitting over $1M.

  • Leonidas' Runestone airdropped 112K+ assets, reaching a $650M market cap, driven by anticipation for the Runes protocol.

  • Bitcoin Puppets, with its distinct artwork and token rewards, witnessed its sales double over the past 24 hours.

  • Ordinal projects like Taproot Wizards, OnChainMonkey, and Ordinal Maxi Biz are also surging owing to their advancements in cross-blockchain migration, cultural integration, and artistic endeavors.

Bitcoin Pups Soars 1094% Before Halving, Runes Protocol

Over the past seven days, Bitcoin Pups has experienced a 1094.15% increase in price value to $46.93, driven by the soon-coming Bitcoin halving and Runes protocol launch.

Source: CoinGecko

  • Bitcoin Pups’ market cap impressively stands at $361,351,380.

  • Plans to transition Bitcoin Pups from the BRC-20 standard to the Runes protocol fuel excitement.

  • This strategic shift aims to bring Ordinals NFTs and tokens under one unified framework.

  • Significant community engagement and a tribute by Beeple underscore the popularity of the Ordinals project. 👇

Today's edition was written by Leah Alger