In a move that mirrors the Bitcoin Ordinals’ Runestone airdrop, the Dogecoin community has embarked on its own adventure with the introduction of “Doge Runestone” Doginals.
This airdrop, organized by Robo AI, concluded on April 2, distributing a total of 30,272 Doge Runestones to wallets that held at least one Doginal from specified collections.
A Peek into the Doge Runestone Market
The Doge Runestones, inspired by their Bitcoin counterparts, have quickly found their footing in the market, boasting a floor price of 185 Dogecoin (approximately $32) and generating a 24-hour trading volume of over $2,000.
These figures, sourced from the Ordinals Wallet marketplace, highlight the growing interest and value placed on these unique Dogecoin blockchain assets.
Dogecoin’s Ordinals Ecosystem Expands
Dogecoin’s ability to adopt Ordinals, thanks to its lineage as a fork of a fork of Bitcoin, has led to the creation of Doginals.
Launched by an anonymous developer, Doginals have paved the way for the DRC-20 token standard, further enriching Dogecoin’s ecosystem.
As of now, there are 149 Doginal collections and nearly 68,000 DRC-20 tokens, amassing a market capitalization of $120 million.
Among the myriad of inscriptions on the Dogecoin blockchain, the 1993 classic shooter game Doom stands out as a testament to the playful and innovative spirit of the Dogecoin community.
Market Reaction and Future Prospects
Despite the buzz surrounding the Doge Runestone airdrop, Dogecoin’s price has experienced a slight downturn, trading at $0.1718. This represents a 2% decrease over the past day and a 20% drop over the week.
However, the enthusiasm and creativity displayed by the Dogecoin community through initiatives like the Doge Runestone airdrop signal a vibrant future for Dogecoin’s blockchain and its diverse array of digital assets.
As Dogecoin continues to evolve and embrace new technologies, it remains a key player in the broader cryptocurrency ecosystem, consistently pushing the boundaries of what is possible within the realm of digital currencies and blockchain technology.
