Greetings, gentlemen, today I would like to touch on the topic of Bitcoin protocols and their decline immediately after their release with a gradual pump over a fairly long period of time.
Ordinals ( Appearance: January-February of the 23rd year )
BTC NFT, a new meta, heavy nodes, surge and hope for the market of non-interchangeable tokens. Several large collections with dense flips and a subsequent, long-term dump of the theme with a smooth increase in volumes after. As a result, what do we see?! Ordinals NFT has been surpassing all other blockchains in volume for several months, the protocol itself continues to grow with ecosystem projects, and Magic Eden has generally bypassed Blur in volume thanks to BTC NFT.
âž¡ Stamps ( Appearance: May 23rd )
The topic I've been in since the first day of its appearance was sitting in the protocol tech support chat when there were only 20 people there. The protocol itself is a classic, SRC—20 tokens and Stamps (stamps =NFT). Then I took 420k $KEVIN and 100k $STAMPS. 100% of these tokens were minted for a couple of days, then there were 2 months of hopes, because it was impossible to sell them, since they were not supported by any wallet and everyone was waiting for the infrastructure for this. Around the middle of July, the first wallet was released and the first sales on OTC began. Sold at +2k$. A week later, no one needed these tokens at all and sales fell to 0. Six months later, they shoot and these tokens, if I hadn't sold them, would have cost $ 40k, and there was good liquidity.
âž¡ Runes ( Appearance: April 24th )
A protocol that, in my opinion, will follow exactly the same scenario. Output>Small HYIP>Dense dump for six months>The biggest inflow of liquidity >HYIP. This is not the hundredth L2 on the Air, this is the first protocol on the cue ball, which introduced the INTERCHANGEABILITY of tokens. It was created by the same person as Ordinals and do you think this theme will just die? There will be many more interesting things happening on it. My bets November-December of this year will be for Runes.
