From the day before yesterday to today, the BTC mining fee has dropped from hundreds of dollars to tens of dollars, and the market enthusiasm has declined. Many people are worried that the name is too long and the GAS fee is high. If they fail to succeed after investing, they will be even more heartbroken. The current situation is more about screening and waiting. #Runes符文
Here are some insights from a retail investor perspective:
In the Rune market, retail investors, project owners, and exchanges are the main players. Most VCs and market makers do not participate, which affects the market liquidity and market value. Therefore, retail investors need to be clear about who their opponents are.
The current market game is mainly between retail investors, among which meme-based emotions are the key. This wave of runes has a stronger consensus and a larger number of participants than before, but the cultural differences are large, so you need to be cautious when choosing.
Exchanges have not yet participated on a large scale. Regarding the future market, strong consensus and weak information gap may lead to increased profit margins and risks in the secondary market.
Personal strategy suggestions:
Watch the Mint progress and prioritize runes that are progressing well.
Search Twitter for rune names with lots of English content to mint.
When taking over, choose runes with a large number of holders and strong meme attributes, and invest in projects with a market value between 500K and 10M.
Runedoors released an official tweet. It has not yet been snapshotted, so it is still available for trading. Selling it before the snapshot should be a good choice.
