Fee Finally Down below 40 Sat/vb

[hugeblack]

If you check the price of ORDI and SATS, you will noticed that their marketcap reduced. Not only this tokens but other BRC20 tokens marketcap reduces, also bitcoin included. In short, the rate of onchain transaction volume also reduced and this makes the mempool to become less congested has been the reason. We should expect another mempool congestion in the next bull run.

Yes, but as I mentioned in the past, the bad side is that the definition of low fees will be 10-40 Sat/vb instead of 1-20 Sat/vb, which is something that may not end soon, so unless there are solutions for ORDI and SATS, this will be the normal range of fees.

I think this is the problem where we celebrate that we have returned to 40 Sat/vb and that you can broadcast a transaction for about 30 Sat/vb, which are all wrong things to deal with it as the normal fees are 1 Sat/vb up to 30 Sat/vb, while 40 was very high.
Generally up to 40 Sat/vb will take up some time to stable as the average block time is ~10.8 minutes which means we will see lower fees after ~January 22.

[tbct_mt2]

Yes, but as I mentioned in the past, the bad side is that the definition of low fees will be 10-40 Sat/vb instead of 1-20 Sat/vb, which is something that may not end soon, so unless there are solutions for ORDI and SATS, this will be the normal range of fees.

They are reducing their on-chain transactions and adapting to latest changes of policies from Free Transaction Accelerator from ViaBTC. Nothing can ride up forever without corrections so if Ordinals have higher highs, they will come back with new waves of ride in price and surely in on-chain transactions.

The bull market is ahead and we can not exclude possibility that Ordinals BRC20 tokens will return with even more on-chain activities than months in 2023.

If you check the price of ORDI and SATS, you will noticed that their marketcap reduced. Not only this tokens but other BRC20 tokens marketcap reduces, also bitcoin included. In short, the rate of onchain transaction volume also reduced and this makes the mempool to become less congested has been the reason. We should expect another mempool congestion in the next bull run.

After rising from $6 to $92, $ORDI is corrected to $50 and it can be price range where it will bounce and continue to rally, make a new all time high. The chart shows it is logically to see its holding price around $50 but if after this correction, it won't go up too much, I expect to see $ORDI to fall more to $25.

Anyway, $25 or $50 as lowest price of $ORDI correction, I really believe this token will hype the market again. I am not shilling $ORDI and dislike BRC20 tokens, Inscriptions but in the market, we must be realistic with what we see.

[Stompix]

^^ I even see the fees in the mid 20 sat/vB. But then again it's open for interpretation, low demand? BRC-20 taking a break? no to low transactions?

Oversupply of tokens, it was supposed to happen at some point, tokens still make half of the transactions:
https://dune.com/queries/2432967/3998442
what has changed is
-their eagerness to pay hundreds and thousands of $ to mint them (although there are exceptions)
-insane new blocks pace for this period, we're up 95!!! extra blocks so there you have it 100vMB of extra transactions confirmed
-nobody that eager to move coins around, as everyone is waiting

Let's wait for a week or so and see what's next, with normal block time and maybe fresh new volatility!

[TopT3ns]

^^ I even see the fees in the mid 20 sat/vB. But then again it's open for interpretation, low demand? BRC-20 taking a break? no to low transactions?

If you check the price of ORDI and SATS, you will noticed that their marketcap reduced. Not only this tokens but other BRC20 tokens marketcap reduces, also bitcoin included. In short, the rate of onchain transaction volume also reduced and this makes the mempool to become less congested has been the reason. We should expect another mempool congestion in the next bull run.

Yes, as I have said, with an analysis like that, it is clear that Bitcoin transactions are not too busy, so the network on the blockchain is a little more flexible and makes sending costs very cheap, because so far the movement of transaction costs depends on the condition of the Blockchain, when many people do it. transactions using the Blockchain network, the transaction costs will increase.