THORChain Price Up By 19.51% – Time to Buy RUNE Coin?

• Crypto market up by 2.56% with a live market cap of $1.8 trillion, a great motivator for investors to buy RUNE.
• Synths to improve the THORChain speed.
• RUNE transactions to take a new turn with THORChain integration.

THORchain has made significant gains in the last seven days. The digital asset increased up to 47% for its investors, indicating that the asset has a healthy moving average and urging investors to buy RUNE.

RUNE Technical and Fundamental Analysis 

THORChain technical indicators provide insight into market turnouts and its price movement. The crypto asset currently trades above the 50-hour Moving Average (SMA) value of $5.56 and the  50- Hour Average Exponential (EMA) value of $5.36. This shows clearly that the digital asset is on a bullish run.

RUNE has surged past the 61.8% Fibonacci retracement value of $6.73 and makes its way up to surpass the 23.6% Fibonacci Retracement level of $9.34. The Relative Strength Index (RSI) value of 76.82 shows that it’s currently trading in the overbought region and is showing no signs of slowing down.

The technical indicators represent the proactive fundamental development of the THORChain blockchain. 

THORChain releases THORSynths

THORChain has successfully released its Synthetics feature, which aims to improve the speed of transactions while reducing costs. THORSynths help to drive up the volume on the blockchain as more investors and users utilise synthetics, exchanging them for one another to save costs during transactions.

THORChain Roadmap

The THORChain roadmap provides users and developers with updates about what to expect from the blockchain in order to make informed decisions and adjust accordingly.

The Roadmap shows that THORChain is gearing for a year full of improvements with upgrades and new integrations underway. The blockchain aims to break down barriers between native currency, RUNE and the Terra stablecoin, UST. With the integration of Terra LUNA, THORChain aims to provide more convenient interactions with the Terra blockchain assets through the Xdefiwallet.

The blockchain protocol aims to provide more privacy, wallets, and L2 integrations in order to increase decentralized liquidity by its current point. These improvements enable crypto to receive more adoption and investors, thereby encouraging more people to buy RUNE.

The entire crypto market has taken a leap, trading at higher lows with a market cap of $1.8 trillion. The new high is indicative of a 2.53% increase in the last 24 hours, which is a confidence booster for investors looking to buy RUNE.

The RUNE crypto asset is the native token of the decentralised liquidity protocol, THORChain.

The crypto asset has recorded impressive gains, moving up by 19.51% in the last 24 hours.

RUNE On a Bullish Trend

THORChain is an established cross-chain liquidity protocol that facilitates faster transactions between different blockchains. Its application reflects in its price appreciation as the asset currently trades at $8.4.

The asset has moved up on the list of top 50 cryptocurrencies as it is ranked as the 46th most valuable asset. Dominating 0.15% of the entire market value, THORChain continues to take up more investors as the 24-hour trading volume of $537 million is up 28.27%.

The market cap value of the RUNE is pegged at $2.7 billion with a 19.80% increase in the last 24 hours. The increase in the market cap value of the asset shows it is steadily onboarding more users and investors due to technical and fundamental improvements. The digital asset is set on moving higher on price charts as technical indicators show growth potential.

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