Bitcoin Runes Under Threat By AI Agents And Meme Coins
Rune transactions on the Bitcoin network have dropped to new lows, losing their dominant position compared to earlier this year, and the Bitcoin Rune protocol is seeing minimal daily fees, raising concerns in the market. Speculation is growing that increased interest in meme coins and AI agents is behind this decline in Bitcoin Rune activity.
Decline In Bitcoin Rune Transactions
Recent data shows a significant drop in Rune activity since its April launch. As of December 25th, Rune transactions now account for just 1.67% of daily Bitcoin transactions, compared to over half earlier in the year. This suggests that the initial excitement around Rune is fading, with a corresponding decline in transaction fees, which have remained under $250,000.
Impact Of Meme Coins And AI
Runes introduced a technological leap by supporting multiple token standards on the Bitcoin blockchain. However, the recent decline in activity points to a shift in investor focus, with meme coins like Dogecoin (DOGE) and FLOKI, as well as AI agents, capturing more attention. These sectors may be contributing to reduced interest in Bitcoin Runes.
Bitcoin Price, ETFs, And Future Outlook
Despite the drop in Rune transactions, Bitcoin recently reached an all-time high of $108,202 before falling to $96,102. As Bitcoin stabilizes, attention may return to projects like Runes. Meanwhile, Bitcoin ETFs have seen significant outflows, with $338.4 million withdrawn on December 25th alone. Despite market volatility, analysts expect a potential rebound for Bitcoin.
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