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TL;DR Thorchain, a decentralized liquidity protocol, is experiencing a notable resurgence after facing a series of setbacks. RUNE price has increased by 70% in the last week, with the TVL crossing $500 million. Thorchain's Streaming Swaps feature continues to gain popularity among traders, with weekly trading volume exceeding $2 billion.
The THORChain (RUNE) price has recorded a notable run since the year started, highlighting a positive outlook for this altcoin during the upcoming bull run. Further, the RUNE price has successfully achieved the $3 Billion market cap mark. The RUNE token has added 72.
While bitcoin and ethereum have gathered 8.9% and 13.5% gains against the U.S. dollar this week, a large handful of crypto assets recorded double-digit rises. At present, the crypto economy is now valued at $2.72 trillion, up 3.62% over the past day. Crypto Economy Swells to $2.
The THORChain (RUNE) price is posting a green candlestick for the second day today, collectively rising by nearly 50% in the last 48 hours. This has caused the bears considerable dejection.
After displaying a neutral trend for a brief period, the THORChain (RUNE) price has recorded a significant uptrend in its valuation over the past week, indicating a rising interest of investors in this altcoin. The RUNE token has added 41% within the past 24 hours, making it one of the top gainers of the day.
As the cryptocurrency world experiences a bull run and the latest innovations, BlockDAG stands out, casting a long shadow over its competitors with its “Kaspa Killer” moniker. This emerging powerhouse draws investors' attention from across the globe, showing its potential shift in the digital currency hierarchy.
The Shiba Inu token (SHIB) has taken a dramatic turn as two prominent figures in the crypto sphere adopt starkly different positions regarding its future trajectory. Rune Christensen, co-founder of Maker DAO (MKR), has made headlines with his aggressive acquisition of SHIB tokens, while Justin Sun, the founder of Tron (TRX), has sparked speculation by considering potential profit-taking actions.
Cryptocurrencies have registered massive gains in the past seven days, most of which have reached an overbought status. However, the cryptocurrency market has its laggards, now recovering from weak price action and gaining momentum.
As bitcoin rampages towards an ever-nearer all-time-high, some of the major altcoins are breaking out, ready to take advantage of the liquidity that will eventually flow out of the king of the cryptocurrencies as soon as it calms down.
Decentralised Exchange (DEX) tokens were among the best performers on Saturday. Uniswap (UNI) token soared by more than 70% while dYdX, Synthetix (SNX), PancakeSwap (CAKE), and THORChain (RUNE) soared by more than 30%. DeFi tokens like AAVE and Lido DAO were among the best performers.
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.
