Such as the open attack of Iran on Israel and the repatriation of Israel which will be responsible for changing the dynamics of the energy sector. I still think it is all about halving events but I do think this sudden spike in transaction price might be related to whales trying to again manipulate the market. Do you guys believe in what I wrote or there is something else in your mind?
Halving is going to impact Mempool for sure.
There will be two mechanisms:
- The reduced block reward will send many miners off the market, so the hash rate will drop, and with a lagging difficulty adjustment, this will cause a slowdown in block production.
- The RUNE protocol will be launched, and a flurry of new nonmonetary use of the blockchain will be enabled. Competition for the block space will then increase.