Metamask adds Thorchain support but RUNE bulls could head this way
ThorChain dropped some big news and RUNE is in no shape to keep it low. RUNE saw a renewed confidence after the protocol's Metamask compatibility announcement.
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ThorChain dropped some big news and RUNE is in no shape to keep it low. RUNE saw a renewed confidence after the protocol's Metamask compatibility announcement.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,600 level on Friday. Ethereum (CRYPTO: ETH), also moved higher, trading above the key $1,600 mark this morning.
Amid a tough day with the cryptocurrency market down on September 11, the last 30 days were also marked by a bearish sentiment and poor price performance for most cryptocurrencies.
RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset's withdrawals. RUNE gained 7.
On Thursday, the crypto market saw more gains than losses, with Bitcoin and most other altcoins showing signs of price recovery within the past 24 hours. However, it's worth noting that the Fear and Greed Index, which measures market sentiment, remains in the fear zone at a score of 35 out of 100.
THORChain recorded a monthly transaction of over $1 billion in August, marking the protocol's highest volume in the last year.
In a recent blog post, Rune Christensen, the co-founder and CEO of MakerDAO, outlined the project's long-term vision, which includes a significant shift in its underlying technology. Christensen proposed that MakerDAO could be re-implemented on a new blockchain called NewChain.
MakerDAO's Co-Founder, Rune Post, has proposed exploring a fork of Solana's codebase for the development of a new independent blockchain, NewChain.
Using decentralized finance to take on USD-denominated debt without paying any interest seems like a pie-in-the-sky concept, but it appears that at least one such decentralized lending mechanism already exists.
A widely followed crypto trader says that Binance Coin (BNB) is dangerously close to losing key support amid a bearish digital assets market.
THORChain's lending protocol went live on 21 August while RUNE's price continued its bull rally. RUNE's RSI was in an overbought zone, which was bearish.
In an unprecedented leap towards promoting financial inclusivity, THORChain (RUNE), the dynamic liquidity network, has rolled out a revolutionary lending capability that is set to reshape the landscape of decentralized finance. This pioneering move opens up new avenues for users to unlock the potential of their native Layer-1 (L1) assets, including prominent cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), to obtain loans denominated in TOR, a stablecoin pegged to the US Dollar.
In a recent stride towards financial inclusivity, THORChain (RUNE), the trailblazing liquidity network, has unwrapped its innovative lending feature. This breakthrough empowers users to leverage their native Layer-1 (L1) assets—among them Bitcoin (BTC) and Ethereum (ETH)—to obtain loans denominated in TOR, a stablecoin equivalent to the USD.
In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD equivalent stablecoin. According to the announcement, this move opens up new avenues for financial participation, allowing users to borrow funds without the “burdens” of interest, liquidations, or expiration.
Decentralized exchange (DEX) THORChain (RUNE) flashes momentum following its recent launches. The highly-awaited THORChain lending protocol and Streaming Swaps functionality present a significant game-changer for the crypto project, enhancing usage and adoption. THORChain's latest functionalities have helped native RUNE defy the current downside market trends.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $26,000 level on Monday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $1,700 mark this morning.
THORChain's RUNE rallied by 22% in the last week, making it the asset with the biggest price uptick during that period. However, as accumulation pushes its way into the overbought territory, is the token at risk?
Cross-chain decentralized exchange (DEX) THORChain is strengthening fundamentally with recently facilitated functionality driving adoption and usage. Furthermore, streaming swaps on THORSwap appear to be pushing RUNE prices higher as they defy the broader crypto market.
In the fast-paced world of cryptocurrency, the spotlight has turned decisively onto THORChain (RUNE) this week, captivating both investors and enthusiasts. What sets THORChain apart is its groundbreaking cross-chain liquidity system, a concept that is swiftly gaining traction.
Bitcoin is searching for stability in the $25,000 zone, meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside.
As the broader cryptocurrency market plunged over the past week, THORChain's RUNE stood out as an exception, surging ahead with a remarkable, bullish rally. Amid a sea of red, RUNE defied the downturn, demonstrating a striking resilience against the bearish wave that has engulfed the market.
While most cryptocurrencies in the market witnessed significant selling pressure over the last seven days, THORChain's RUNE walked a different path. Will RUNE be the one to escape the wrath of the bears?
BeInCrypto looks at five altcoins that increased the most in this week's crypto market, specifically from August 11 to 18.
A crypto trader is updating his outlook on one altcoin that is soaring this month as the broader digital assets market dips. Pseudonymous trader Altcoin Sherpa tells his 196,300 X followers that the decentralized cross-chain liquidity protocol THORChain (RUNE) has more room to run after a bounce off of a key Fibonacci retracement level.