The THORChain crypto protocol allows users to exchange assets across blockchain networks using decentrilized liquidity. It supports an ecosystem of services and products which use the THOR crypto network's cross-chain infrastructure. Cross-chain swaps are made possible through platforms like THORSwap, the first multichain DEX that uses THORChain's network as a front-end interface. Users can select the two assets they want to swap using THORSwap, and the protocol automatically determines the costs depending on network activity.
Powering the THORChain network is the THORChain coin RUNE. Each asset in the platform's liquidity pools has a matching token called RUNE that goes along with it. In this way, RUNE contributes to the network's utility and value by acting as the second token that users deposit in the liquidity pool to conduct transactions against. Additionally, RUNE is employed to protect the THORChain network, collect fees, and serve as a foundation for governance.
Here you can read and comment on all posts made by Strategists about THORChain RUNE. See all THORChain price predictions in real time and make the best use of their crypto knowledge.
November is coming to an end. Since 1. of November we managed to make around 35% profit👌🏻. It's always hard to predict the future, but there are several indicators showing further uptrend.
Only 133 day til the next halving (April 2024). There are also rumours about interest cuts in May 2024. This could be a pretty nice combo for some fireworks 🚀
Have a nice Sunday! 😉
Looking at our altcoin holdings, we can see some nice progress being made. First of all, $RUNE continues to impress, with its trading volume. So far they have done over 6 billion in trading volume in the first 23 days of November🔥 As you can see, the volume continues to increase as they onboard new users and found a great product-market fit. Bullish🚀
As markets keep very strong, despite the binance-case, there's no reason anymore to be partially out of the market in stables, as everything could start to go crazy at any time with an etf-approval.
The threathening head and shoulders topping formations in coins like $SOL got invalidated as well. Positive sign!
Still top 10 in the last month with more than 70% profit. Again above $30k assets copying Stable WCI strategy. Let's stay above now! 🔥
This settlement was bullish and I knew it. But market had to recognise that.
Have a nice evening 😉
THORChain (RUNE) price history shows the highest value of 20.26 USD . We recorded this price on May 19, 2021, but we cannot exclude that a higher price was registered before August 19, 2020.