Analyst: Less than 0.4% of Over 20,000 Rune Tokens are Triumphs

Cryptocurrency analyst Guiriba from Paradigma Education stated that out of the more than 20,000 runic tokens currently emerging in the market, only 77 have been relatively successful, attracting over 500 investors, accounting for only 0.38%.
(Prior summary:
OKX Jumpstart launches runic “Runecoin” staking for earning coins, RSIC•GENESIS•RUNE floor price surges 40%)
(Background:
FUD continues for 5 days since the launch, how is the market performance of Runes runic track?)
The Bitcoin runic protocol (Runes), which was launched simultaneously with the Bitcoin halving, ignited a market frenzy on its first day of launch on April 20. The transaction fees it brought for Bitcoin once exceeded the block reward of 3.125 BTC, reaching 40.751 BTC, worth about 2.6 million USD.
Analyst: Less than 0.4% of runic tokens are successful
However, just ten days after the launch of the Runes protocol, Guiriba, a cryptocurrency analyst at Paradigma Education, posted on social platform X on April 29, stating that out of the more than 20,000 runic tokens currently appearing in the market, only 77 are relatively successful, attracting over 500 investors, accounting for only 0.38%.


At the same time, Guiriba also added that the NFTs used for airdrops also experienced a cliff-like drop in price after the completion of the runic token airdrop, such as Runestone, Prometheans, and Rune Guardians.


However, Guiriba also pointed out that the Runes protocol has only been launched for 10 days, and infrastructure and builders are still insufficient. As centralized exchanges gradually accept Runes tokens, investors may increase in the future.
$RSIC listed on OKX exchange
The first project to be listed on a major exchange after the launch of the runic protocol
Runecoin
(RSIC•GENESIS•RUNE), OKX officially opened the RSIC/USDT trading pair at 18:00 on the afternoon of the 30th, with a price of 0.01285 USD at the time of writing, relatively unaffected by BTC.
Whether major exchanges like Binance and Coinbase will also list more runic tokens in the future is worth our continued attention.


Image source: OKX Spot


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