Bitcoin Forum

We all know the drill behind meme coins, just a  hilarious internet jokes turned into cryptocurrencies with wild price swings. They can explode in value based on a single celebrity tweet, then crash just as fast. So basically fueled by hype and speculation.

I recently came across RUNES•X•BITCOIN (X) on X and will like to know your thought about it. It's a meme coin referencing Elon Musk, but it's built on the Bitcoin blockchain using a  runes protocol. Plus, they claim to be completely decentralized and airdropped over 100,000 addresses for free!  So it's got the meme part down, and the community focus.
But do you think  this project has what it takes to make a lasting impact, or is it just a fleeting meme?

Since the inception of runes after bitcoin halving, the market has not been good for the tokens. But the market might later be good because I can remember the time of ORDI, SATS and RATS, the market was not so good at first. Just be seeing them nothing more than other altcoins and invest only the amount that you can afford to lose on them. If you make money, then sell it. But if you lose instead, you can afford to lose the money.

True, initially especially ORDI..it was sluggish that I was tempted to sell some of my bags earlier. But this is a memecoin though and has a good hype. It's all over twitter. Scheduled listing on the 30th with an opportunity to farm it via POOLx.
https://x.com/RUNES_X_BITCOIN/status/1795113104499483021?t=UFYJgzfwUH39sYnq5MbUNw&s=19

I think that's the perfect time to invest in these type of tokens only if you are a long term invester and you have some leisure assets in your pockets.

After halving the market has not responded like the way it should have respond so it will do better as after the dump. It does. For this strategy in your mind you can have these investments.

The mention of Elon Musk's name should attract more investors but since it is not directly supported by Elon himself, a long-term success might not be as possible.

Besides runes protocol on the bitcoin blockchain did not seem to be really effective and does not prove itself to be an upgrade so it being built on that does not also give off positive implications.
I don't want to say for sure as anything can happen but from what I am seeing right now, it might as well be just temporary and quick

What is temporary about it when the coins are not even yet performing.

I search on Coingecko and Coinmarketcap but I did not see the coin, including other Rune token, I will like anyone to let me know how I can get the price information of the rune tokens.

I will prefer bitcoin than these tokens.

It could be worth holding particularly because it is on runes protocol. I did receive the airdrop but it wasn't much as anticipated. I think the interesting thing about X was rewarding ORDI holders and I also learnt Bitget has a stake to mine event too where holder of ORDI get to earn extra X. Prolly, after these whole airdrop distribution we could see a price spike.

Bitcoin is obviously most traders bigest bag but alts too have their potential. They can spring surprises but using what you can really afford to give out should be used on some of these coin. X actually sound appealling and if the project team can be committed to the concept and roadmap it could be another good meme project like ORDI and SATS