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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.
As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance, making them very easy to get.
THORChain (RUNE) price has rallied for five straight months and is now hovering at its highest point since May 2022. It was trading at $6.80, which was about 805% above the lowest level in 2023. Its total market cap has jumped to over $2.3 billion, making it the 29th biggest cryptocurrency in the world.
Bitcoin's recent rally toward $40,000 could further fuel traders' bullish sentiment for KAS, RUNE, MNT and RNDR.
As the year draws to a close, cryptocurrency enthusiasts are eagerly anticipating a potential boom in the market, especially for the top 5 cryptos we have examined below, with December poised to be a pivotal month for digital assets. Among the myriad of cryptocurrencies, five stand out as prime candidates for a major price explosion.
The impending approval of Bitcoin and Ethereum spot ETFs marks a pivotal moment for the cryptocurrency market as we head into 2024. This milestone, alongside the market's recovery, is creating a suitable ground for investment opportunities as this digital currency would likely witness massive adoption from the traditional market participants too.
With another month at a close in the cryptocurrency landscape, November resembled an eventful drama showcasing remarkable triumphs, significant setbacks, and unexpected turns.
Finding a new bullish spirit with a new week, the Thorchain token ranks high amongst this week's top performers. With a remarkable uptrend in the last three days, the momentum continues to grow for the RUNE price trend.
THORChain's RUNE token has jumped 15% in value today as hype builds around the asset's integration with the Edge wallet, aimed at simplifying decentralized finance participation for regular crypto investors.
THORChain (RUNE) trades with an upside stance as the altcoin gains increased momentum. The decentralized liquidity platform's native coin escaped its extended consolidation following bullish updates from self-custody wallet Edge. Edge supporting THORChain's blockchain represents a crucial step for enhancing the decentralized finance (DeFi) market.
Being in a solid uptrend, the weekly trend in the RUNE coin price challenges the overhead resistance trendline and teases a prolonged bull run. However, the bulls struggle to extend the rally due to the 5.43% drop last week, reflecting the strength of overhead supply.
As BLUR token rises on listing by Biannce, another altcoin Chainflip (FLIP) is soaring after getting listed on five major cryptocurrency exchanges at the end of its Token Generation Event (TGE). FLIP experienced an impressive surge of 127% and reached a high of $5.20 on its first day of trading.
Prominent crypto analyst Captain Faibik has predicted significant moves for Bitcoin and various altcoins, including Apecoin (APE), THORChain (RUNE), and Coti (COTI). Faibik highlighted that Bitcoin created an ascending triangle setup on the twelve-hour chart and a climbing wedge on the four-hour timeframe.
Over the last 24 hours, the THORChain (RUNE) market experienced a notable decline, primarily influenced by bearish activity. The prices faced a substantial downward trend as selling pressure outweighed buying demand.
In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap and Pancakeswap.
