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In a significant development within the decentralized finance (DeFi) sector, THORChain, a leading decentralized cross-chain trading protocol, has announced an ambitious network upgrade. This upgrade is set to make substantial changes to its operational framework, including the destruction of 60 million RUNE tokens and the reduction of the maximum collateral ratio to 200%.

A widely followed crypto trader believes that a trio of altcoins are gearing up for big moves to the upside.

Good fundamental cryptocurrencies with lower market caps can present appealing risk-reward potential in the constantly evolving crypto ecosystem. In this article, Finbold has picked three assets that could reach $10 billion in market value in 2024.

In the fast-paced cryptocurrency realm, each decision carries weight. Analyst World of Charts recently evaluated the altcoin RUNE, which currently boasts a 13% profit.

Bitcoin's uptick propelled token prices across the board including Bonk, as crypto's largest asset gained over 4% in a single day.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices traded past the key $47,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, approaching the key $2,500 mark this morning.

The Ethereum price has broken through the $2400 resistance level, suggesting a possible rally towards $2700. Meanwhile, the RUNE price has surged by 43%, aiming for a return to $7.3 following a breakout from a bullish flag pattern.

Crypto Price Prediction: After nearly two weeks of stagnant behavior, the cryptocurrency market resumes a recovery trend, led by the Bitcoin price rally. BTC rose for four consecutive days recording 8.6% as the price surged from $43000 to the current trading price of $43900.

With a lower high formation trend, the RUNE price is challenging the dynamic resistance of the 50D EMA. Further, the increasing momentum in Thorchain as it sustains above the 200D EMA signals an intense bull run coming in for the altcoin.

Developers of THORChain have unveiled a community proposal to burn around $300 million worth of RUNE tokens to boost lending activity. In a community proposal published on Jan.

As expectations of an altcoin season grow for the upcoming months, Thorchain looks forward to a significant increase that could lead it into triple-digit territory during the next bull run. Will Thorchain reach $100?

Concluding the short-term pullback, Thorchain is ready to gain momentum and reclaim the lost levels. As the RUNE price is ready to resurface above the dynamic average line, the altcoin is ready for a hypersonic move on the upside.

Investors continually seek lucrative opportunities in the cryptocurrency market, especially within altcoins. Data from The TIE, a prominent digital asset information service provider, highlights five altcoins offering the highest staking rewards.

Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the key $42,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded losses, but traded above the key $2,500 mark this morning.

After trading sideways for a period, the THORChain price has recorded a correction of over 10% in valuation during the early trading hours today, making it the top loser in the industry for the day. The THORChain token price traded in a consolidated range between $4.843 and $5.

The streak of lower high formation continues in the RUNE price trend as it crosses below the 50D EMA. Despite the short-lived market recovery phase with the ETF approval news, Thorchain fails to capitalize on the increased market volatility.

Thorchain, a cross-chain liquidity network, has emerged as a frontrunner in cross-chain transfers, surpassing its competitors in volume and transaction activity, on-chain data shows. Thorchain Trading Volume Expands As Prominence Increases Citing Galaxy Research data, a user on X, Bullion, noted that Thorchain processed $4.82 billion in cross-chain transactions over the past 30 days, while Cosmos' Inter-Blockchain Communication (IBC) protocol handled $3.35 billion worth of transactions during the same period.

Following a bearish end to the last week, the RUNE price is starting a fresh recovery phase from a crucial demand zone. Leading to a potentially bullish pattern breakout, the uptrend in Thorchain's native token price teases a take on the psychological mark of $10.

Crypto Price Prediction: As we approach the festive season, there's growing speculation that the upcoming Christmas holidays might usher in a wave of bullish sentiment within the cryptocurrency market. Amid this optimism, crypto coins like Mina(MINA), Thorchain(RUNE), and Polkadot(DOT) have shown high recovery in the last 24 hours.

In a bullish outlook, esteemed crypto analyst and trader Kaleo anticipates the ongoing surge of THORChain (RUNE), a decentralized cross-chain liquidity protocol that has witnessed a 230% increase in value over the past two months.

The crypto space is about to go on a bull run, do yourself a favor and add the best cryptos to your portfolio today.

Story Highlights The live price of the Rune token is . The RUNE price may reach a high of $8.47 by the end of 2024. With a potential surge, the price of THORChain may reach a high of $29.22 by the end of 2030. The year 2021 was a milestone year for several altcoins.

Facing a sudden bearish attack this week, the Thorchain token price tumbled multiple points, leading to a streak of red candles. Aligning with the marker-wide correction, the RUNE price approaches the dynamic support in the daily chart.

THORChain native token RUNE rose by 3% on Friday, extending its bullish momentum of about three months. The token reached a price of $7.2, the highest level since early May 2022. Should buyers maintain the bullish move and flip a potential resistance at $8, RUNE could be on for the next target at $12.