Paradigma Education’s cryptocurrency analyst, Guiriba, stated that out of the over 20,000 Rune tokens that have emerged in the current market, only 77 of them have achieved relative success, attracting over 500 investors, accounting for only 0.38% of the total.
Coinciding with the Bitcoin halving, the Bitcoin Rune protocol was launched on April 20th and immediately caused a market frenzy. The transaction fees generated by the protocol at one point exceeded the block reward of 3.125 BTC, reaching 40.751 BTC, equivalent to approximately 2.6 million USD.
Analyst: Less than 0.4% of Rune tokens are successful
However, just ten days after the launch of the Rune protocol, Guiriba, a cryptocurrency analyst at Paradigma Education, posted on the social platform X on April 29th, stating that out of the over 20,000 Rune tokens that have emerged in the market, only 77 of them are relatively successful, attracting over 500 investors, accounting for only 0.38% of the total.
At the same time, Guiriba also added that the NFTs used for airdrops have experienced a steep decline in price after the completion of the Rune token airdrop, such as Runestone, Prometheans, and Rune Guardians.
However, Guiriba also pointed out that the Rune protocol has only been launched for 10 days, and the infrastructure and builders are still lacking. As centralized exchanges gradually accept Rune tokens, investors may increase in number.
$RSIC listed on OKX exchange
The first project to be listed on a major exchange after the launch of the Rune protocol is Runecoin (RSIC•GENESIS•RUNE). OKX officially opened the RSIC/USDT trading pair at 18:00 on the 30th, with a reported price of $0.01285, which is relatively unaffected by BTC.
Whether Binance, Coinbase, and other exchanges will also list more Rune tokens in the future is worth our continued attention.
Image source: OKX Spot
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