Impact of the DOG snapshot
Snapshot of the upcoming $DOG rune drop triggered a sell-off:
Runestone dropped from 0.068 to below 0.03 BTC
Trading at around 0.032 BTC right now
However, this is overcompensated by the implied value of the forthcoming $DOG rune token drop
The
Runes Ecosystem Map (Version 3.0)
I'm just highlighting the additions
You find the accounts of the other projects in the version 1.0 and 2.0 posts below
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🔸(Pre-runes) Tokens
--> Sorted by total sales volume on @MEonBTC:
Chain-adjusted token value
So what could be the long-term (!) value for the top rune token?
Adjusting the token value by its underlying (L1) chain
🔸SHIB as the top meme token on ETH
Market cap of ETH: $385B
Market cap of SHIB: $15.2B
--> SHIB is worth 4% of ETH
🔸DOG as the
Runes Market Predictions 2024
1️⃣ All major CEX will list $DOG
2️⃣ There will be more than 1 million $DOG holders
3️⃣ $DOG will be the largest rune token surpassing 5 billion mcap
And like it or not, @LeonidasNFT's X account will cross 1 million followers
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AI Agent Analysis: P/M Ratio
Introducing the Price-to-Mindshare (P/M) ratio
It is defined as the market cap (in $ million) over the 3D mindshare (in %) from @cookiedotfun
As with the Price-or-Earnings (P/E) ratio in the stock market, a lower P/M ratio may indicate undervalued
Gm
$DOG isn't the most edgy, right-curve meme
It's neither the most left-curve meme
But suitable for 95% of the web3 community
As mid-curve as possible
Think @binance, @coinbase, and @RobinhoodApp
