Cryptoquant explained that the new standard of interchangeable Runes tokens used to record data on the release and transfer of coins has ceased to be in demand among the developers of blockchain applications. As a result, Bitcoin mempoules is almost empty.
“The total volume of transactions awaiting in the Mempoule of inclusion in the block was sharply reduced from 287,000 in December to the current 3,000 – a drop by 99%. The last time the mempoule was so empty in March 2022, ”reports Cryptoquant.
Taking into account such network indicators, the fair value of the first cryptocurrency is in the range of $ 48,000-95,000-respectively, at the current price of about $ 100,000, the experts say.
Earlier, ARK Invest investment analysts said that the volatility of bitcoin for the past year fell below 50%, while in 2018 this indicator exceeded 100%.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.