Summary
TLDR: Ethereum’s high costs and network congestion will lead meme coin hype to shift towards Bitcoin-based projects like Rune, potentially overshadowing the BRC-20 standard with the launch of Runes on the day of the halving.
Key Points
1. Ethereum’s high costs and network congestion may lead to it taking a backseat in comparison to Bitcoin-based projects like Rune.
2. The BRC-20 (Ordinals NFT) standard may be surpassed by Runes, which is anticipated to launch on the day of the halving.
3. Runes could redirect meme coin hype to the Bitcoin ecosystem due to its novelty and potential appeal.