Search Extension

API/RSS

Social

Grab the next 100x rune and teach you how to use Bitcoin ecosystem tools to track smart money

Jaleel加六and others2Authors

24-06-24 11:00

Read this article in 22 Minutes

AI summary

View the summary

In the Bitcoin ecosystem, rune market tools have gradually become a "secret weapon" for some investors to achieve high returns.

For example, as of the time of writing, the BILLION•DOLLAR•CAT rune has achieved a hundredfold return from the price after the initial casting to the highest point. As shown in the figure, the current price of this rune is 87.48 sats, the market value is as high as $54.19M, the 24-hour trading volume has reached $767.05K, and the number of holders is 4,294. These data fully demonstrate the huge market potential and active trading of runes.

However, such high-yield opportunities are currently only a "secret" in a small circle, and many community friends who have not deeply cultivated the Bitcoin ecosystem may not be aware of the existence of these opportunities. Therefore, in this article, blockbeats will introduce some tools that Bitcoin ecosystem OGs and senior users are using to help everyone catch the next 100x rune and track the movement of smart money.

Casting tool

Ybot

Ybot.io is an efficient tool designed for Bitcoin rune trading, providing multiple functions such as rune casting, transaction acceleration, transaction management and wallet collection.

In the interface of Ybot.io, users can see that it is mainly divided into three parts: rune template list, rune details and task list.

The rune template list on the left can display the currently available rune templates and their related information, such as rune name, holder, progress and other concise data dashboards.

The rune details in the middle can display the detailed information of the selected rune, including RuneID, progress bar, memory pool status, handling fee settings, etc.

The task list on the right shows the status of the current task. You can speed up the task and view unconfirmed transactions with one click.

The main function of Ybot.io is batch casting of runes. Ybot.io provides a convenient batch casting function for runes. Users can cast multiple runes at the same time and set different miner rates for each transaction. This is very helpful for users who need to cast runes frequently.

Select the rune you need to cast in the rune template list. Set options such as "Current Rate", "Slow and Rare", and "Custom". Enter the batch casting quantity and address. Click "Start Casting" and the tool will automatically process the casting task.

In addition, in terms of task management, users can monitor and manage all ongoing trading tasks in real time. Users can view task progress, accelerate unconfirmed transactions with one click, and ensure that all transactions are passed as soon as possible.

View the current task status in the task list. Select the task that needs to be accelerated and click "One-click Acceleration". View and manage unconfirmed transactions through "Unconfirmed Transactions".

GeniiData

Compared to ybot, GeniiData is more suitable for advanced users. In addition to basic casting functions, it also provides some data dashboard functions, allowing users to better manage and track their rune transactions.

GeniiData's data dashboard function enables users to view casting progress and relevant information about the rune market in real time. These data help users make better decisions and manage their rune assets. Including real-time casting progress: after entering the rune name, you can view the casting progress in real time; market data: provide information such as the current rune market's trading volume, price trends, etc.; jump function: by clicking on the relevant link, you can quickly jump to the trading market or view detailed rune information.

You can see that on the left, GeniiData provides a visual interface to display the distribution of different types of runes. Blocks of different colors and sizes indicate the relative quantity and importance of different runes, and you can see at a glance which runes are being cast.

In the Alpha Signals panel on the right, users can view the latest trading signals in real time. These signals include: Buy and sell signals: display the latest buy and sell transactions to help users make trading decisions quickly; block information: provide block number and time information, so that users can track the confirmation status of transactions.

With the guidance of these data, users can more accurately identify the runes they want to cast. Compared with the data function, GeniiData provides a simple and intuitive casting setting interface for casting, allowing users to quickly configure and start casting runes.

Enter the name of the rune (Ticker) at Rune (Ticker), set the number of runes to be cast each time at Amount, set the number of batch castings at Bulk Mint through the slider, and click next to proceed to the next step of wallet confirmation.

Data Analysis Tools

GeniiData

In addition to casting, this platform brings together various data analysis dashboards created by community members. Users can find and use these dashboards according to their needs to obtain comprehensive market information and transaction data.

GeniiData's data analysis platform interface is clear and intuitive, and mainly includes the following parts:

Dashboard List: Displays various data analysis dashboards created by community members, classified by trends, new releases, and time periods (such as the last 7 days, 30 days).

Search function: Users can quickly find the data analysis content they need by searching for specific dashboards or authors.

Collection function: Users can collect their favorite dashboards for easy reference in the future.

Users can find the specific data they want on it, which is very comprehensive. For example, the market overview provides an analysis dashboard of the overall market situation, including information such as trading volume, price trends, market share, etc., such as the overall trading situation and trends of the rune market.

Another example is a specific project analysis dashboard that conducts in-depth analysis of a specific project, such as BRC20 $PIZZA Analytics, which shows detailed trading data and market dynamics of the $PIZZA project.

There is also real-time data monitoring: Some dashboards provide real-time data monitoring functions to help users grasp market dynamics in real time. For example, the Liquidium dashboard displays real-time market liquidity data. Historical data review: By reviewing historical data, users can understand the development trends and changes of the market. For example, the Ordinals BITMAP Index dashboard shows the historical trading data and trend analysis of Ordinals.

In addition to using the search bar to enter keywords or author names to quickly find relevant dashboards, you can also filter results by trends, new releases, and time periods to find the latest and most relevant analytical data, and add dashboards to your favorites list. Through these analytical market overviews and specific project data on GeniiData, users can make more informed investment decisions.

satosea.xyz

For real-time rune hot spot tracking and push, satosea.xyz's Discord robot is quite good. I will turn on the Discord push on my phone to use it together. They push for free on the official Discord.

The pushed data dimensions are still very comprehensive, including the number of casting confirmations of the hot rune in the previous block, the number of newly added castings compared to the previous block, the number of castings waiting for confirmation in the current memory pool and the number of casters, the current progress and the remaining number of castings.

Mempool Snipe (mempool sniping) tool

Mempool Snipe is often used to replace purchase transactions that are already in the memory pool with higher miner fees in the secondary market. When a certain rune/NFT project has a large number of transactions in a short period of time, you may need to use such tools to grab orders with prices at the floor, or to ensure that your purchase transactions are not replaced (anti-sniping).

The mode of use of such tools is basically the same. Taking the Runestone in the figure below as an example, we can see that it has "circled" on Magic Eden, that is, someone has submitted a purchase transaction. However, before the block is confirmed, the final ownership of this rune is still to be confirmed. Since the average block time of Bitcoin may be as high as 15-20 minutes, the purchase on Bitcoin is more like a bidding within the confirmation time of a random block, and the bidding method is memory pool sniping.

In the above figure, we can see that there is a pink string after "Check the transaction here". After clicking it, jump to the tx details page on mempool.space, and click the button framed by a red box in the figure below to copy the tx id.

Next, there are several tools for us to choose from:

Rune Blaster

This is a tool developed by the 16th-ranked contributor to the Ordinals protocol, @lifofifo, which can be said to have everything. In addition to the rune casting tool that is completely non-custodial, 25 transactions per block and CPFP acceleration for 24 or less transactions, there is also MagicPool that specifically looks at the rune transaction status (how many transactions are currently in the memory pool), RBF tools that accelerate rune casting, and transaction sniping and cancellation functions.

These functions are currently open for use. （Portal）

We will mainly introduce sniping. Click "Snipe" in the above picture to jump to the following page.

Here we need to enter the inscription ID, which can be found and copied in the NFT details page of Magic Eden. We randomly found an NFT that has been submitted for purchase but has not been confirmed by the block: Click "Load" to display the details, and then fill in the miner's fee you want in the box under "Desired Fee Rate". Interestingly, the Rune Blaster sniper tool can mint up to 24 runes 0 while sniping. This option is optional, and the miner's fee given by the mint rune does not affect the miner's fee rate of the sniper transaction (that is, you can increase the fee rate of the sniper transaction but the fee rate of the mint transaction can be given normally).

Rune sniping requires inputting tx id + vout (here is an explanation of vout, that is, there may be multiple outputs in a transaction. If we want to use Rune Blaster alone for rune sniping, we need to know the rank of the rune in the transaction output). Therefore, it is much more convenient to use it with MagicPool. Just select the rune you want to snipe on MagicPool and click it, and all the current rune transactions available for sniping will be displayed.

Then click "Snipe", the rest of the operation is the same as the sniping small picture above.

Goldmine

This tool is currently only open to its NFT holders, and it is one of the earliest memory pool sniping tools on the market. It has Bitcoin NFT sniping/rune sniping/transaction cancellation and batch transfer functions.

The sniping function only requires copying the tx id into the box and clicking "Go".

Then it will jump to the sniping page, just select how much more than the existing purchase transaction here in "Miner fee", for example, give 1.1 times.

Finally, click "Snipe" and confirm the transaction to complete the sniping.

Magisat.io

This is originally a rare Satoshi trading market, but the sniping function is also quite useful. After connecting the wallet, a pop-up menu will appear in the upper right corner where the address is displayed, and find "Instant Snipe" in Tools.