THORChain is a decentralized network with which you can make transfers between different blockchains without losing full control over your assets. There are liquidity pools within the network that are designed to protect the network.
🧱 Fundamentally:
🧮 Coin capitalization: $1,760,000,000
📊 50% is in the liquidity issue.
💎 Maximum token emission 500,000,000 RUNE
RUNE is a project token designed to stimulate network participants and manage the protocol. Also, this coin is the base coin for maintaining pools.
💈 What is unique about the project?
This coin is in demand from:
1. Users who use this protocol to exchange assets from one blockchain to another, paying a commission for this in RUNE.
2. Liquidity providers who freeze funds in the pool creating liquidity.
That is, this project is another decentralized exchange, only unlike all the others, THORChain does not focus on supporting only one blockchain, but serves several at once, which clearly adds a plus to the project compared to all the others.
🛠️ What about technical analysis?
The coin grew ahead of the entire crypto market and July 23. the coin has grown by 470%! Over the past six months, there has been a large volume in the coin; if these were purchases, then large wallets are interested in the further growth of the coin. On the daily time frame, the coin is in the neutral zone (64). There is also a neutral zone (59) on the weekly frame. Therefore, nothing prevents further growth. However, if BTC goes below $35-40k, then this coin may drop significantly by up to 40%. Therefore, it is worth entering 1-2% of the portfolio and it is advisable to have up to 2% in case of averaging.
💼 Buying RUNE for your average nightly portfolio.
🔎 Ticker: $RUNE
✳️ Entry price: $5.16
🛡 Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Targets: $11.5 and $20.2
📈 Transaction growth potential: up to 300%
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
