Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK), stirred the crypto community with his recent Dogecoin comparison. On the cusp of Bitcoin’s highly anticipated halving today, Ansem doubled down on his initial assessment, particularly highlighting two tokens within the Bitcoin Runes ecosystem: Bitcoin Wizards (WZRD) and PUPS. He equates WZRD with Dogecoin, suggesting it has the potential to mirror Dogecoin’s viral success. In contrast, he compares PUPS to the lesser-known but highly profitable dogwifhat (WIF). Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? In a tweet that caught the eye of both investors and enthusiasts, Ansem elaborated on his reasoning behind the picks, stating: Great thread, been saying, I believe Runes are next asymmetric 100x opp in crypto. The meme that got DOGE founder interested in Bitcoin & the phrase magic internet money is still used today – representative of bitcoin culture. DOGE equivalent = WZRD, WIF equivalent = PUPS. Ansem references a thread on X by Immutable Edge (@ImmutableSOL), who delved into the historical and cultural significance of the “Magic Internet Money” meme, originally sparked by mavensbot’s viral Reddit ad. The “Magic Internet Money” meme dates back to February 18, 2013, when mavensbot, a digital artist, submitted a hand-drawn depiction of a blue wizard to promote Bitcoin on Reddit. This ad, created during Bitcoin’s early adoption phase, was crucial in cultivating a cultural ethos around Bitcoin. It resonated deeply within the community, encapsulating the whimsical yet revolutionary nature of Bitcoin’s rise. The ad’s simplicity and authenticity resonated with the Reddit community, propelling Bitcoin from a niche internet experiment to a major financial phenomenon. Within weeks of the ad’s debut, Bitcoin’s value surged from $27 to a record high of $1,132 by November 2013. Related Reading: Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over Bitcoin Wizards, one of the highlighted tokens, aims to rekindle this original spirit. The token leverages the iconic imagery and cultural narrative of the “Magic Internet Money” meme to foster a new wave of interest and adoption. The creators of WZRD are not only paying homage to Bitcoin’s roots but are also embedding this storied meme within the mechanics of a modern cryptocurrency, aiming to capture both nostalgia and innovation. The Bitcoin Wizards project is part of the broader Bitcoin Runes ecosystem, which reached a lot of hype prior to its launch. According to Ansem, WZRD’s history and deep roots in memes give it the perfect ingredients to become the next Dogecoin, just on Bitcoin Runes. Moreover, the analyst assessment comes at a critical time for the crypto market, which is often influenced by the narratives that capture the community’s imagination. As the Bitcoin halving event unfolds, many eyes will be on the Bitcoin Runes ecosystem to see if it can indeed replicate the meteoric rises seen in BRC-20 tokens and Ordinals. At press time, WZRD traded at $12.15, up 70% in the last 24 hours. Featured image created with DALL·E, chart from TradingView.com
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Wallet launches Earn Campaign, allocating $30M for the project
Wallet has announced that it will launch Earn Campaign for interested users. It is aimed to attract investors who can store a considerable amount of USDT in the Wallet Earn Account. Once they store USDT in Wallet, they will become eligible for the rewards. Earn Campaign Wallet is a cryptocurrency service where users can buy,
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Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar. Bitcoin Poised to Become Default Currency for AI, Says
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5 Altcoins To Buy Before Hitting $1 Billion Market Valuation
The cryptocurrency market is buzzing with potential giants yet to hit a $1 billion valuation. Key among these are the Ordi token (ORDI), Orion (ORN), DeXe Protocol (DEXE), Synthetix (SNX), and Mina Protocol (MINA). Each Altcoin to buy stands out for its innovative solutions and strong community backing, positioning it as a lucrative investment for The post 5 Altcoins To Buy Before Hitting $1 Billion Market Valuation appeared first on CoinGape .
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US Lawmakers Push SEC Chair To Greenlight Bitcoin ETF Options
In a bipartisan effort, Representatives Mike Flood and Wiley Nickel are urging the U.S. Securities and Exchange Commission (SEC) to greenlight options trading on Spot Bitcoin ETFs. These lawmakers have written a letter addressed to SEC chair Gary Gensler, pushing him to consider their request. SEC Chair Gary Gensler Under Pressure To Approve Bitcoin ETF The post US Lawmakers Push SEC Chair To Greenlight Bitcoin ETF Options appeared first on CoinGape .
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Axelar (AXL) Price Jumps 14% In Recovery To New All-Time High
AXL, the native cryptocurrency of the multichain platform Axelar network which unifies Web3, has witnessed a strong 14% surge in the last 24 hours. As of press time, the Axelar (AXL) price is up by 12.75% trading at $1.21 with a market cap of $781 million. Interestingly, the daily trading volume for AXL has also The post Axelar (AXL) Price Jumps 14% In Recovery To New All-Time High appeared first on CoinGape .
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Nigerian Court Halts Binance Trial, Lawyer Claims Missing Papers
The trial concerning alleged money laundering activities involving cryptocurrency exchange Binance and two of its executives has been adjourned by a Nigerian court until May 17. The decision to postpone the trial stems from concerns raised by Binance’s legal representative regarding missing documents crucial for case preparation. Among the defendants in the trial are Binance The post Nigerian Court Halts Binance Trial, Lawyer Claims Missing Papers appeared first on CoinGape .
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