Bitcoin halving is only 7 days away! Wintermute is optimistic about RUNE, STX and ORDI

This site (120Btc.coM): There are only 7 days left for the highly anticipated Bitcoin halving event. The market-making agency Wintermute predicts that whether it is related to the Bitcoin technology ecology Projects and meme coins will all see a rise.

Institutions are optimistic about RUNE, STX, ORDI

Wintermut told CoinDesk: There is a huge and untapped fund pool within the Bitcoin ecosystem, and these funds have been dormant. Surprisingly, , there are very few projects that traders can use to access this narrative (Bitcoin narrative).

He believes that if funds begin to flow into the Bitcoin ecosystem, tokens such as RUNE, STX and ORDI are expected to outperform the Bitcoin market.

Runes will replace BRC-20

Bartosz Lipinski, founder of Cube.Exchange, is more optimistic about Runes. He pointed out that high costs and severe network congestion will make Ethereum relegated to the second line. , because Bitcoin-based projects like Rune will redirect the Meme coin craze to the Bitcoin ecosystem because of its novelty. The BRC-20 (Ordinals NFT) standard may be replaced by Runes, which is scheduled to go online on the day of the halving.

He added that the Runes token standard will enable everyone to issue meme coins more efficiently and compete with meme projects on Base and Solana.

According to CryptoSlam, the transaction volumes of major public chains in the past 24 hours are:

• Bitcoin: 31 million US dollars

• Ethereum: US$8.47 million

• Solana: US$3.5 million

Except for Bitcoin, NFT transaction volumes on all chains have declined. It shows that the NFT craze in the past has been transferred to the Bitcoin Ordinals ecosystem, among which Runestone, Node Monkes and Pups have performed strongly recently.

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