Bittime - The crypto industry is once again abuzz with future predictions. This time there are predictions about the future of Runes, a fungible token protocol built on the Bitcoin blockchain.
This prediction comes directly from Leonidas, the developer behind Ordinals, the protocol that enables the creation of NFTs on Bitcoin. Through a tweet on Twitter, Leonidas saw the similarities between Runes and Ordinals.
Skeptical Beginnings
The launch of Runes is predicted to only be of interest to technical circles. Ordinary crypto users complain about poor user experience (UX). Some crypto influencers also initially ignored Runes.
This is reminiscent of the early phases of Ordinals, when the project was met with much skepticism. However, with improved UX and listing on major exchanges, it is believed that Runes will attract wider attention.
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FOMO phase
Even though Runes' UX has been improved and several large exchanges have listed, Leonidas predicts that some crypto influencers will likely still be skeptical. They are predicted to wait for the price increase of Runes before promoting it.
Meanwhile, Runes developers will continue to work on attracting mainstream crypto investors and providing profits for early holders.
In short, Leonidas predicts these mid-sized crypto influencers will quietly observe Runes, waiting for an opportunity to buy at a low price and then promote it heavily (FOMO).
Price Increases and Market Corrections
After experiencing a rapid price increase, the Runes market is predicted to experience a correction. This could be an opening for some crypto influencers to state that they have always been skeptical of Runes.
Also Read: Runes Protocol Will Spark a New Era for Bitcoin
Benefits for Initial Holders
Leonidas' predictions continue with Runes developers continuing to build and improve infrastructure and UX. This is believed to attract a new wave of mainstream crypto investors who are not very technologically savvy. Early holders of Runes also have the potential to gain huge profits.
Also Read How to Buy Crypto:
Lessons from Ordinals
Leonidas concluded that his prediction was based on the evolution of the Ordinals. In other words, the same pattern could occur in Runes. He advised that if you continue to look for reasons to doubt innovative projects in Bitcoin, maybe crypto is not the right investment. Therefore, if you still have doubts, you should not invest in crypto assets.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Bitcoin Runes: The New Token Standard for the Future of DeFi!
What Are Bitcoin Runes? Exploring the New World of Crypto's Biggest Assets
Runes Protocol: The New Fungible Token That Changes the Face of Bitcoin
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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