Prices of Bitcoin Runes dip two days after launch
This week was supposed to be the moment that fungible tokens on Bitcoin rocketed to prominence. Although some fungible tokens like the billion-dollar ORDI have gained modest popularity using standards like BRC-20 and STAMPS’ SRC-20, a brand new protocol was supposed to supersede these expensive, slow, and data-intensive standards. On April 20, the day of the Bitcoin halving, Ordinals founder Casey Rodarmor launch ed his next-generation fungible token protocol, Runes . Hundreds of thousands of wallets minted new Runes , paying all-time high Bitcoin transaction fees. Runes promised to be a more professional, less expensive, faster, and more seamless protocol for launching altcoins on Bitcoin. Rodarmor coded Runes because, in his words, “ Fungible tokens are 99.9% scams and memes . However, they don’t appear to be going away any time soon.” In short, Rodarmor launched Runes to bring meme coins to Bitcoin. Degen trading Bitcoin Runes meme coins When the halving occurred late Frid...