• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Bitcoin

PUPS the word! Is this memecoin the new WIF in the Bitcoin world?

n70products by n70products
April 6, 2024
in Bitcoin
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


  • PUPS, a memecoin on the Bitcoin community, garnered large consideration
  • Blue chip memecoins didn’t see inexperienced as WIF, DOGE, and PEPE confronted corrections

The memecoin sector has seen vital progress for the reason that starting of the yr. The truth is, chains corresponding to Solana [SOL] have gained immensely from this rising curiosity on this subset of cryptocurrencies.

Memes coming to Bitcoin?

Though memecoins are primarily being traded on alt chains, new developments counsel that the Bitcoin [BTC] community might quickly enter the memecoin sector sooner or later.

Lately, a Bitcoin native memecoin known as “PUPS” has been making waves on social media, attracting vital consideration. One issue contributing to this buzz is the numerous surge within the value of PUPS.

During the last 24 hours, for example, the worth of PUPS skyrocketed by 234.3%. On the time of writing, PUPS was buying and selling at $19.97.

Screenshot 2024 04 06 at 11.25.28 AM

Supply: Coingecko

What’s PUPS?

PUPS stands as a testomony to the burgeoning memecoin tradition throughout the Bitcoin ecosystem. Launched in March 2023, it predates the official Bitcoin Puppets assortment, establishing itself because the OG memecoin. The free mint airdropped to the “OPIUM ordinal neighborhood” rapidly gained traction, turning into an enormous in-joke throughout the neighborhood. This airdrop was the first-ever BRC-20 airdrop on Bitcoin, a singular technical feat that additional cemented PUPS’s place within the Bitcoin Ordinal meme panorama.

Screenshot 2024 04 06 at 11.38.46 AM

Supply: X

The function of Runes

Historically, memecoins have thrived on various blockchains like Solana as a result of their sooner transaction speeds and decrease charges. Bitcoin, with its slower tempo and better transaction prices, wasn’t precisely a hospitable setting for these fast-moving, usually humor-driven tokens. PUPS, current on Bitcoin by means of the BRC-20 normal, is a little bit of an anomaly.

That is the place Runes enters the scene. Developed by Casey Rodarmor, the mind behind Ordinals, Runes is a model new protocol that permits fungible tokens like memecoins to perform natively on the Bitcoin community.

Runes will likely be arriving on the Bitcoin community after the much-anticipated halving.

New “WIF” on the town?

Because of the hype round PUPS and the Rune community, PUPS is being touted because the “WIF” of Bitcoin. Solely time will inform whether or not PUPS can dwell as much as the hype or whether or not it’s all bark and no chew for the memecoin.

Screenshot 2024 04 06 at 12.07.27 PM

Supply: X

Mainstream memecoins corresponding to DOGE, PEPE, and WIF didn’t have the identical luck as PUPS in current days. The truth is, the worth for all of those tokens declined over the previous week.

Screenshot 2024 04 06 at 12.09.28 PM

Supply: CoinMarketCap

Area of interest memecoins corresponding to BODEN on the Solana community did comparatively properly although, appreciating by 85% over the past 7 days.

dexscreener.com boden SOL 2024 04 06 12 21 28

Supply: DEXscreener

Subsequent: Solana’s Q1 saw a 319% hike – Here’s what that means for SOL’s Q2



Source link

Tags: BitcoinMemecoinPUPSWIFwordworld
Previous Post

Coinbase Chief Policy Officer Says US an Outlier As Major Economies Adopt Clear Crypto Regulatory Frameworks

Next Post

Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar

Next Post

Ethena Labs Onboards Bitcoin as a Backing Asset for the Crypto Project’s Synthetic Dollar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

How Low Can Dogecoin Go Before It Rebounds? Expert Forecasts

How Low Can Dogecoin Go Before It Rebounds? Expert Forecasts

December 21, 2024
Bitcoin Sell-Off Intensifies With Realized Losses Of  Million Per Hour

Bitcoin Sell-Off Intensifies With Realized Losses Of $57 Million Per Hour

March 5, 2025
XRP Price Steadies Above Support: Preparing for the Next Move?

XRP Price Steadies Above Support: Preparing for the Next Move?

December 6, 2024

Recents

Ripple CEO Brad Garlinghouse Set To Testify Before US Senate

Ripple CEO Brad Garlinghouse Set To Testify Before US Senate

July 8, 2025
Hotelier turned bitcoin hoarder Metaplanet plots acquisition spree

Hotelier turned bitcoin hoarder Metaplanet plots acquisition spree

July 8, 2025
Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

Will 600K Bitcoin Be The Tipping Point? Saylor’s Strategy Sparks Institutional Wave

July 8, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version