THORChain price prediction. THORChain Fundamental Analysis | Via SwapSpace | Capital | July 2021

THORChain price prediction

RUNE is a token that powers THORChain-a liquidity platform. On the one hand, it is used as a fast, cheap and decentralized cryptocurrency exchange. On the other hand, some users become liquidity providers and leave them idle. Opportunities for gaining some gains in digital assets. Importantly, it facilitates cross-chain exchanges, but unlike most existing solutions, it does not require a third party to be centralized. THORChain was launched on Binance DEX through IDO in 2019, but its mainnet went live in January 2021. The people behind the project have remained anonymous.

As a decentralized exchange, THORChain allows its users to use a liquidity pool to exchange assets without the need to hand over the custody of these assets to the exchange, and there is no order book. THORChain uses some novel or unique technologies-for example, a method to mitigate non-permanent losses or a cross-chain exchange protocol.

As a token, RUNE has many uses. One of them is to promote cross-chain swaps by becoming a local settlement currency provided to the liquidity pool. The network uses the Proof-of-Bond protocol for protection, requiring each node to provide RUNE as a binding to prevent attacks-the details also make this use of THORChain specific. RUNE is also used more or less in common situations, such as providing network incentives, managing networks and protecting assets.

From the IDO of the project in 2019 to January 2021, there was almost no change in the market involving RUNE, so its price did not fluctuate much, from about $0.02 in early 2021 to about $1.15. By the spring of the same year, the price of RUNE gained a lot of momentum, as some interesting adjustments and additions to the agreement were being deployed or at least announced. In addition, due to the nature of the token (used as a settlement currency in the liquidity pool), its price is often at least partially related to the general market. All of this caused RUNE to soar to $21.26 on May 19th, which is its new all-time high. However, since then, its price has been declining and seems to have stopped at around US$6-7.

Although it is almost impossible to perform 100% accurate technical analysis of the THORChain cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time summary RUNE trading ratings within the selected time frame. The summary of RUNE/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.

Below we have collected the most reliable price predictions of THORChain (RUNE) from popular prediction platforms.

According to WalletInvestor, the price of THORChain will rise from US$3.973 to US$16.794 within one year. This makes RUNE a great investment. The long-term profit potential is 322.70%. The forecast price at the end of 2026 is US$67.236.

When answering the question about whether THORChain is a good investment, TradingBeasts responded in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$4.70911 and increase to US$5.63777 by the end of 2022.

In the DigitalCoin analysis, the price of THORChain cryptocurrency will rise from today’s US$4.2868 to US$17.6835695 in the next 5 years. By 2022, it will rise to 7.264177 US dollars and continue to grow in 2023-2024. Based on this prediction, THORChain is a profitable long-term investment.

From the analysis cited above, it is clear that THORChain (RUNE)’s forecast is quite contradictory. There is no general consensus on the positive or negative trend of RUNE prices in the future. In fact, the possible future growth depends on various factors: announcements, new technical solutions of the THORChain project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.

Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.

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