It did, but not to this degree. Additionally there's been a weakening of correlation between Bitcoin and alts in general compared to the past (at least according to Binance).
Wallets have to estimate the chance of sudden congestion (on BTC). That chance leads to overpayment. This is what Core explicitly wanted as is working as intended.
Good morning folks. After watching these things since 2011, I believe we (and the whole market) is due for a bit of a correction. Estimating about 20% down.
The market goes up and down but adoption lasts forever.... Unless you break your coin like BTC did.
This triggers more buying by new boots and investors which feeds off itself until you have a bit of a run. Then a whale buys and spikes the price and poof you have a Bull market.
Slightly conspiracy. But I think when VeriBlock turned on their service and started to backlog the BTC queue, that some bots took that input as a positive market indicator and bought.
@Tritonio I think low fee transactions are backing up on BSV nodes, https://jochen-hoenicke.de/queue/#3,24h some 1 sat/byte txs that aren't getting confirmed. Could be hurting memo(bsv)