Ansem, a popular figure in crypto trading circles, previously active as @blknoiz06 on X (previously Twitter), has drawn attention to Bitcoin Runes as the potential next big investment opportunity in the crypto world, according to NewsBTC’s report. Ansem’s impressive track record of gains – 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK) – has fueled excitement in the community with his recent comparison of Bitcoin Runes to Dogecoin.
As Bitcoin’s anticipated halving approaches today, Ansem reaffirmed his earlier evaluation, focusing on two tokens from the Bitcoin Runes collection: Bitcoin Wizards (WZRD) and PUPS. He views WZRD as akin to Dogecoin, believing it could replicate Dogecoin’s viral popularity. In contrast, he sees PUPS as reminiscent of the less-known but profitable dogewhats (WIF).
Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today?
Ansem explained his investment choices in a captivating tweet, attracting interest from investors and enthusiasts alike.
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 mentions a discussion started by Immutable Edge (@ImmutableSOL) on X, where they explored the background and meaning behind the “Magic Internet Money” meme. This meme gained popularity from a viral Reddit advertisement by mavensbot.
The “Magic Internet Money” meme originated on February 18, 2013, when mavensbot, an artist, posted a hand-drawn image of a wizard on Reddit to publicize Bitcoin. This image, created during the early stages of Bitcoin’s popularity, played a significant role in shaping Bitcoin’s cultural identity.
The ad struck a chord with the Reddit community, perfectly capturing Bitcoin’s quirky yet groundbreaking ascent. Its uncomplicated and genuine appeal fueled Bitcoin’s transformation from an obscure online curiosity to a financial sensation. Shortly after its release, Bitcoin’s worth skyrocketed from $27 to a record-breaking $1,132 by November 2013.
Bitcoin Wizards is among the notable tokens that endeavors to revive the initial excitement. It draws inspiration from the well-known “Magic Internet Money” meme, which the token’s developers use to spark a fresh surge of curiosity and acceptance. By combining the iconic symbolism and cultural lore of this meme with modern cryptocurrency features, Bitcoin Wizards’ creators hope to appeal to both those who long for the past and those drawn to new developments in the field.
The Bitcoin Wizards project is connected to the Bitcoin Runes system, which generated significant excitement before its introduction. As per Ansem’s perspective, the rich background and meme-based origins of WZRD make it a strong contender to be the next Dogecoin, but within the Bitcoin Runes platform instead.
Additionally, the analyst’s evaluation is significant as the crypto market is susceptible to stories that ignite public interest. With the upcoming Bitcoin halving, attention shifts towards Bitcoin Runes in the Bitcoin ecosystem, hoping it will mirror the spectacular growth of BRC-20 tokens and Ordinals.
At press time, WZRD traded at $12.15, up 70% in the last 24 hours.
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2024-04-19 14:46