
Recent market activity indicates a significant rise in the value of certain cryptocurrency collections, particularly among Ordinals and Runes. Two specific runes, $BDC and $GIZMO, are noted to be approaching their all-time high (ATH) levels. In the past week, five of the top ten Ordinal collections have experienced double-digit gains, suggesting a correlation between Bitcoin's performance and the rise of Ordinals. The Runes category has shown an average gain of 14.7% with a trading volume of $42 million, ranking as the 11th best performing category. Analysts suggest that while Runes are currently underperforming, Ordinals like nodes and pups are gaining traction, potentially due to a shift in investor focus from Bitcoin to more established meme coins on other chains.
Seems like at least for this rotation. Ordinals like nodes and pups seem to be performing better as the BTC beta trade. Runes remain unconvincing. Possibly because people are just cashing out of bitcoin ecosystem and buying more established memes on other chains.
Runes is the 11th best performing category today with an average gain of 14.7% and $42M in trading volume. Much much higher. https://t.co/9I6sfCL1qX
Ive heard people say, that when $BTC goes up, Ordinals & Runes will drop in price (bitcoin wise), but this shows otherwisw https://t.co/p38cDvCD2s



