RUNE is a token of platform THORChain. Its current price is around $6.96 by writing, with a low of $3.02 in 2021 and a market cap of 2.3 billion dollars.
What is THORChain?
Thorchain is a decentralized liquidity protocol specializing in cross-chain connectivity, allowing traders to swap tokens between networks. The platform’s infrastructure is based on the Cosmos blockchain. Erik Voorhees founded it in 2018, intending to increase cryptocurrency liquidity by combining fragmented and illiquid crypto markets.
THORChain is a leaderless vault manager which can observe incoming deposits in real-time and make outbound transactions as soon as they are requested. THORChain has many benefits, including eliminating single points of failure or downtime.
What is RUNE?
RUNE is the coin of the THORChain platform, which is around $6.96 by the time of writing, with a low of $3.02 in 2021. Its current ranking is #48 according to CoinMarketCap, with a market cap of 2.3 billion dollars.
RUNE reached a high of $21.26, with a low of $3.02. Rune has had its highs and lows over the past year, but it is worth mentioning that Rune would be worth more than ten times what it’s priced at if you purchased it a year ago.
RUNE Coin Market Analysis
RUNE has a max supply of 500,000,000 coins worth around $6.96 with a market volume of 359 million dollars, whereas the market capitalization is 2.3 billion dollars at writing.
RUNE Price Prediction
On the 1D timeframe, $RUNE/USDT has a lot of ups and downs in value in the market. The price action has formed out the Bullish Double Bottom pattern where the market structure has done the break of structure and currently forms out the higher highs and higher lows.
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RUNE March 2022 Charts