Bitcoin (BTC) Performance: Is It Too Soon to Dismiss the Hype?

• Runes, the new fungible token standard on Bitcoin, has seen a decline in trading volume and activity since its launch in April.
• Despite the initial hype, many users have been underwhelmed by the trading experience, comparing it to trading NFTs rather than fungible tokens.
• However, some market observers believe that Runes could follow a similar maturation arc to the earlier BRC-20 Bitcoin token standard, which saw a surge in value and trading activity after a quieter period.

Despite initial excitement, the new fungible token standard on Bitcoin, Runes, has seen a decline in trading volume. However, some believe it could follow a similar maturation arc to earlier Bitcoin tokens.

Runes: A New Fungible Token Standard on Bitcoin

Launched in April amid the quadrennial Bitcoin halving event, Runes had the crypto community buzzing. However, less than a month later, the early impact appears less monumental than many Bitcoin backers expected. The Runes launch saw immediate activity, with hundreds of token tickers launched within the halving block, but de... Read the full article for FREE at COINOTAG!