💥2ND SIGNAL FUTURE LONG.
long entry $3.10......$3.20
As of January 10, 2025, RUNE is trading at approximately $0.22 USD,
reflecting a slight decrease from the previous close
The intraday trading range has seen a high of $0.25 and a
low of $0.21.
Key Functions of RUNE:
Settlement Asset: RUNE acts as the intermediary for all supported assets, ensuring seamless swaps between any two assets. For instance, a swap from Bitcoin (BTC) to Ethereum (ETH) involves converting BTC to RUNE and then RUNE to ETH, all behind the scenes.
Economic Security: THORChain employs a Proof-of-Stake mechanism where node operators must bond RUNE to participate in the network. The total value of RUNE bonded by validators exceeds the value of the assets they secure, promoting network security and validator cooperation.
Incentive Alignment: Maintaining a balance between bonded and pooled RUNE is crucial for network liquidity and security. If the network is under-bonded, node operators are incentivized to increase their bonds; if over-bonded, liquidity providers are encouraged to add more assets.