THORChain (RUNE) Prepares for September 2024 Hard Fork

THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)

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RUNE Up 17% After Talks Of Major Partnership Hit The Market Details

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNEs trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform. Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNEs movement in the future.  Big Things To Come In The Future For RUNE According to X user Rayyk, the OKX has been using ThorChain infrastructure to facilitate transactions in recent months. Metrics-wise, OKXs use of Thorchain is primarily in swaps, making the latter a vital part of OKXs swap volume.  In Rayyks thread, OKX and ThorChains swap volume reached 20 million within just one week, showing ThorChains reliability despite the high volume. ThorChains capabilities in swaps involving Bitcoin complement OKXs support for Bitcoin-based features like ordinals and BRC-20 tokens.  Word is out that @THORChain may be integrated into the @okxweb3. This is huge because it is backed by @OKX, one of the top 3 CEX by volume. As we await the official announcement, follow this thread to see how much volume OKX wallet has transacted with THORChain so far. pic.twitter.com/CX0ZtbHKA6 Rayyyk (@rykcrypt) August 14, 2024 Swell, a new staking platform, also recognized this capability. According to their announcement post about their newly launched swBTC, ThorChain will be used for native BTC swaps.  These are not the only things that ThorChain is currently involved with. In a recent interview, ThorChain lead @jpthor was asked about the platform’s new project. When asked about Trons possible integration, he replied: Look, all I can say is a Telegram chat has opened, and once a Telegram chat is open, it is a group chat, its getting done. RUNE Will Continue To Rise Because Of These Factors RUNE is currently on a great support level as it continues to rise amidst the bullishness the market is experiencing. At its core, the token is trading between the $3.5-$3.8 price range which may come in handy in the coming days. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has A Great Chart RUNE will break through in the coming days as the hype continues to push investor confidence at its highest. With the market continuing its upward momentum in the coming days, investors and traders should be able to get massive gains. The current trading range also opens up $4.4 for retaking in the long term. However, if the market does a reversal and loses the bullish momentum it has, RUNE might fall to the $3 price floor.  For now, investors and traders should be able to accumulate in the long term with open opportunities on-chain and on the market for massive gains.  Featured image from Pexels, chart from TradingView

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NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental [...]

The post NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling? appeared first on Crypto Breaking News.

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THORChain (RUNE) Up 28%: Analyst Targets $8 Short-Term, $54 Long-Term

THORChain (RUNE) is signaling a potential breakout, suggesting that a notable upward movement might be on the horizon. After recently hitting a low of $3.11, RUNE has demonstrated a remarkable resurgence, climbing nearly 28% over the past week. Currently, THORChain is trading at $4.68, with a 24-hour trading volume of $226.70 million. Its market capitalization […]

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THORChain (RUNE) Primed For Big Gains, Analyst Eyes $20 Milestone

Rising as a major competitor for a big breakthrough is THORChain (RUNE). Rune has showed strength, recovering by around 23% during the previous week following a recent fall to $3.10. At $4.22 right now, the coin is attracting both traders and analysts, with some even seeing a solid upward path. Related Reading: $174 In Sight: Analyst Projects Major Surge For Solana (SOL) Market Statistics And Growing Hope With a market capitalization of $1.41 billion and a 24-hour trading volume of $207 million as of the most recent figures, THORChain represents a 0.06% market domination. Driven partly by the bullish phase in the bitcoin market, the token’s recent 2.27% growth in the previous 24 hours shows a good momentum. The market has become more hopeful after Bitcoin’s latest climb beyond the important $65,000 level. Rune like other cryptocurrencies is profiting from this surge of optimism as investors try to profit from the increasing trend. Furthermore predicted to boost the market is the forthcoming release of Ethereum ETFs on July 23rd. Technical Examination Renowned crypto expert Jonathan Carter has underlined in a thorough study THORChain’s potential for notable returns. Carter says that Rune could hit $7.40 if it can effectively bounce off the barrier of declining resistance line. For traders, this level would show a strong comeback and a clear positive indication. #RUNE THORChain is looking great on weekly chart If it can bounce from the descending resistance, the next target is $7.40 A breakout higher could lead to a move towards $20 pic.twitter.com/7DMYarvIdD Jonathan Carter (@JohncyCrypto) July 16, 2024 A better breakout may drive the token near the $20 target. Such an action would indicate a much more significant upside since THORChain can surpass existing resistances and sustain its upward momentum. The bitcoin community has taken notice of this positive view as many of them keep a careful eye on RUNE in search of any indication of a breakout. THORChain Price Prediction Based on forecast, THORChain’s price is predicted to climb by 28.92% and reach $5.76 by August 17, 2024. Several technical indicators corroborate this projection; the Fear & Greed Index shows a 61 (Greed) score while the present mood is neutral. THORChain has registered 16 out of 30 so-called “green days” during the previous month, with a 7.50% price volatility. These elements imply that right now may be a good time to acquire THORChain. General Market Impact And Investor Mood Thanks in part to Bitcoin’s current performance, the positive phase of the larger cryptocurrency market is giving altcoins like THORChain a suitable backdrop. The forthcoming release of Ethereum ETFs is expected to generate more positive attitude into the market, therefore supporting Rune’s rebound and maybe breakout. According to historical trends, the launch of Bitcoin ETFs had a notable favorable effect on the market, pushing many cryptocurrencies to fresh all-time highs. With the rollout of Ethereum ETFs, a similar trajectory is seen to create conditions fit for THORChain to profit from these advantages. Related Reading: Dogecoin Big Rally Ahead: Analyst Sees Most Beautiful Chart Pattern The Road Ahead Mixing technical figures with broader market trends and THORChain’s recent performance paints a positive picture of the currency. Experts note that the potential to hit targets of $7.40 and $20 highlights Rune’s enormous potential. Traders and investors should keep a careful eye on THORChain as a combination of strong technical signs and market figures suggest that a big breakthrough may be imminent. Featured image from Mythology Vault, chart from TradingView

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Zengo Wallet Integrates THORChain for Low-Fee, Secure Self-Custodial Swaps

Zengo Wallet launches an in-wallet swap solution powered by THORChain, offering low-fee and secure self-custodial swaps for users. (Read More)

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Best Crypto for 2024: BlockDAGs Stunning Keynote 2 Quickens Inflows, THORChain Price Surge and BNB Bullish Signs Fade Away

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Fireblocks Integrates with THORChain to Enhance Cross-Chain Settlements

Fireblocks has integrated with THORChain to offer secure custody and transfer of RUNE, enabling seamless cross-chain settlements. (Read More)

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THORChain Introduces Trade Assets for Enhanced Onchain Trading Experience

THORChain launches Trade Assets for efficient and transparent onchain trading. (Read More)

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THORChain (RUNE) Defies Market Trend: Analyst Forecast Surge Towards $12

THORChain’s native token, RUNE, stands out as a beacon of stability and resilience despite the cryptocurrency market sell-off. While other digital assets, including Bitcoin (BTC), grapple with downward pressure, RUNE remains steadfast in its position, exhibiting remarkable resistance to the prevailing market sentiments. In fact, RUNE is doing more­ than just holding its ground. Its […]

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THORChain Announces Mainnet Upgrade to Version 3.6.0

THORChain plans a minor Mainnet upgrade to version 3.6.0, focusing on Rujira contract checksum updates, scheduled for May 22, 2025. (Read More)

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Can This THORChain New Feature Push Back RUNE Bears?

THORChain, a decentralized exchange and one of the liquid decentralized finance protocols by total value locked, plans to release “Lending” in 2023.  It is a feature THORChain says will complete their THORFi ecosystem. However, amid this development and community anticipation, RUNE remains under pressure, slipping 32% from April 2023 highs as of writing on May 30. THORChain Lending According to THORChain, Lending will function similarly to other decentralized money markets, including one of the earliest, MakerDAO, which operates on Ethereum.  With THORChain Lending, not only can the borrow deposit collateral, a token or coin already integrated by the platform, but also take loans with zero interest, liquidation, and expiry.  Related Reading: Downside Threat: These Two Crypto At Risk Of Crash Due To Unlocks This arrangement means a borrower would effectively hold a loan without the risk of liquidation, irrespective of the collateral’s volatility. Moreover, THORChain says a user can be short the USD while being long on crypto assets such as Bitcoin and others. Their feature will depart from how other competing decentralized money markets operate. Most require over-collateralization, considering the volatile nature of cryptocurrencies. Borrowers will deposit collateral and create debt at a collateralization ratio (CR) set by the market. A distinction in ThorChain Lending, the protocol clarifies, is that debt will be denominated in TOR. TOR is a stablecoin that tracks the value of USD, irrespective of the collateral used, and will be non-transferable.  There will be limits on collateral and risks contained by, among other factors, “slip-based fees when opening and closing loans, dynamic CR, and a circuit breaker on RUNE supply.” Loan repayment, THORChain adds, can be done at any time and in any supported asset. All repayments will be converted to TOR. Impact On RUNE RUNE serves as the utility token of the THORChain ecosystem. Using the token, users can pay for gas and use it to secure the network. RUNE plays a role in ensuring the platform is decentralized and resistant to attacks from malicious agents.  With THORChain Lending, every new loan is expected to create a deflationary effect on RUNE. However, repaying the loan creates an inflationary impact.  Related Reading: NFT Market Update: Major Collections Suffer Price Slump in 2023 If by the time the loan is created and closed, the price of the collateral has not moved relative to the RUNE price; there will be zero effect.  However, there will be an inflationary effect if the collateral price increases versus RUNE during this time, which could negatively impact the token price if many positions are opened that meet these criteria.  Ahead of this launch, RUNE prices remain flat in the last week of trading. However, it is up 7% from May 2023 lows. As of late May 2023, DeFi activity is yet to recover. According to DeFiLlama data, TVL has stagnated below $50 billion in the last five months. During this time, Uniswap, a popular multi-chain DEX, and Curve, a stablecoin DEX, have dominated activity. THORChain has a TVL of $106 million, with most liquidity from tokenized Bitcoin. Feature Image From Canva, Chart From TradingView

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THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch

THORChain continues to experience massive adoption, surpassing $40 billion in all-time trading volume. All in Bits launches new governance chain ahead of Cosmos’ AtomOne fork. Defiant meme token Rebel Satoshi concludes presale and prepares to launch. THORChain (RUNE) and Cosmos (ATOM) are among the highest gainers, as the crypto market has exhibited surprisingly bullish behaviour lately.  At the same time, investors […]

The post THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch appeared first on CoinJournal.

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DeFi Coin Surge: BlockDAGs $9.9M Presale Draws ThorChain Investors & Beyond

Are you in search of the next big cryptocurrency investment for financial growth? The performance of a coin’s presale can significantly reveal the market’s trust and interest in it.  This article highlights the extraordinary presale achievements of BlockDAG, a project that has not only attracted the attention of DeFi and ThorCoin investors but has also […]

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THORChain (RUNE) Tipped For 70% Decline Amid North Korean Transactions Debacle

RUNE, the native token of the THORChain protocol, remains under significant bearish pressure following a 9.09% price decline in the last week. According to crypto analyst Ali Martinez, RUNE is likely far from a market recovery following a bearish flag pattern on its trading chart. Related Reading: Altcoin Transaction King? TRON Hits 42% Share As USDT, DeFi Explode RUNE Chart Hints At Major Sell-Off Ahead – Details In technical analysis, a bearish flag is a continuation pattern formed after a significant downtrend, followed by a period of consolidation, before another leg downward. This pattern is characterized by parallel or slightly supporting ascending levels thereby giving the shape of a flag. Based on an analysis by Martinez, a bearish flag has now appeared on the RUNE/USDT 12-hour trading chart following its recent consolidation pattern which came after the asset’s decline from mid-January to early February. Interestingly, RUNE has now broken below the lower boundary of the bearish flag at $1.27 reducing any immediate odds of a bullish price reversal. Unless investors can force a price reclaim of this lower boundary, Martinez’s prediction states RUNE could be headed for a price target of $0.38 representing a potential 69% decline on the asset’s current price. Lately, the RUNE market has seen a significant amount of unwanted developments. Aside from its obvious market woes, recent events in the THORChain community have cast more concerns over the asset. In the past week, one of THORChain’s developers nicknamed Pluto(9r) resigned from the decentralized exchange after a controversial decision involving transactions from North Korea. Notably, a vote by Pluto(9r) and two other validators to halt the Ethereum Network from running on THORChain to prevent transactions by North Korean hackers was quickly overturned by other network validators resulting in the resignation of the former. This development comes following the $1.5 billion hack of the Bybit exchange which has so far been linked to popular North Korean Lazarus Group. According to blockchain tracker, Lookonchain, the Bybit hacker laundered $605 million (54%) of the loot using the THORChain network. Related Reading: Dogecoin Demand SlumpsNearly 70% Drop In Open Interest Raises Concerns RUNE Price Overview At press time, RUNE trades at $1.24 reflecting a 3.00% price fall on the last day. As earlier stated, bearish forces are largely dominant in this asset market as evidenced by the 46.67% overall decline in the past 30 days. Interestingly, the crypto prediction site Coincodex presents an optimistic stance on the RUNE market. Their latest forecasts show a price recovery to $1.40 in 30 days and $1.66 in the next six months. Featured image from iStock, chart from Tradingview

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Navigating the Crossroads of THORChain: Balancing Decentralization and Combatting Illicit Activity

While Thorchain faces a pivotal moment at the intersection of decentralized finance and criminal activities, the project’s future hangs in the balance. The platform’s recent struggles with illicit transactions have raised concerns among users and regulators alike. Thorchain’s unique decentralized exchange model allows users to swap cryptocurrencies directly without a centralized intermediary. This novel approach [...]

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What is THORChain? RUNE Price Prediction 2024, 2025 to 2030

Whether it’s the secure exchange of tokens across different blockchains, the provision of liquidity, or the pursuit of decentralized finance...

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THORChain Pauses Network Amid Reports of Vulnerability

THORChain has temporarily halted trading due to a potential network vulnerability, causing its native token, Rune, to fall 5% in value. (Read More)

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The Basics of THORChain: What You Should Know

THORChain is an open-source decentralized exchange (DEX) protocol and cross-chain liquidity network. It allows users to securely trade multiple digital assets without needing a central authority or trusted third party. THORChain uses a unique consensus algorithm called “Bifröst” which creates random validators on-chain to ensure secure and trustless trading. It... Read More

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THORChain Price Prediction: RUNE Bulls Eye A 21% Increase To $2.29

While THORChain (RUNE) started the year with a bullish trend spanning the first two weeks of January, the price suffered extreme volatility that began on [...]

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