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Don't lose sight of this coin and its network. Go Thorchain ThorSwap. Rune is the best decentralized network.
BullishBanter
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Bullish
$RUNE /USDT: Strong Bullish Surge – Breakout Imminent... A bullish Signals here... $RUNE soon will hit $7.5 and then continue for $10...
$RUNE /USDT has climbed impressively to $6.811, marking a sharp +5.55% gain on the back of increased buying momentum. After a solid rebound from the recent low of $6.255, the price is now testing the resistance zone near $6.814, with the 24-hour high at $6.837 in close sight. A confirmed breakout above this level could push RUNE toward $6.90 and beyond, offering a strong upside opportunity for traders. The consistent green candles and rising volume signal growing buyer interest, hinting at further gains.
On the downside, immediate support sits at $6.637, which can act as a re-entry zone if any minor pullback occurs. Traders should stay alert for a breakout confirmation above $6.837, as this could trigger a rally to fresh highs. Managing risk with stop-losses is key, but the current trend favors bulls aiming to ride this momentum-driven move.
#runecoin #MarketNewHype #MicroStrategyJoinsNasdaq100 #Write2Earn!
$RUNE /USDT has climbed impressively to $6.811, marking a sharp +5.55% gain on the back of increased buying momentum. After a solid rebound from the recent low of $6.255, the price is now testing the resistance zone near $6.814, with the 24-hour high at $6.837 in close sight. A confirmed breakout above this level could push RUNE toward $6.90 and beyond, offering a strong upside opportunity for traders. The consistent green candles and rising volume signal growing buyer interest, hinting at further gains.
On the downside, immediate support sits at $6.637, which can act as a re-entry zone if any minor pullback occurs. Traders should stay alert for a breakout confirmation above $6.837, as this could trigger a rally to fresh highs. Managing risk with stop-losses is key, but the current trend favors bulls aiming to ride this momentum-driven move.
#runecoin #MarketNewHype #MicroStrategyJoinsNasdaq100 #Write2Earn!
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#Keep an eye on RUNETHORCHAIN.
THORChain (RUNE) Price Prediction: Can RUNE Hit $100 in 2024?
By CoinUnited
30 Jan 2024
Despite a -10.07% year-to-date drop this year, the above returns give us pause: could this be the time to hold our breath before a leap? Why, you might ask? Because in the crypto sphere, what is seen as a setback today can become a ramp to new heights tomorrow. It is the narrative of missed opportunities turning into limited opportunities that has investors glued to their screens.
When we dig deeper into its technology, THORChain’s native token, RUNE, is pivotal. It ensures network security and incentives, acting as collateral for liquidity pools. As more people adopt and use this ecosystem, the demand for RUNE could increase, supporting an increase in price.
Ultimately, and in short, the unique value proposition of THORChain's technology could catapult its adoption, making the $100 mark for RUNE a tangible goal in December of this year 2024. If you are looking to take advantage of this knowledge and potentially benefit from the promising future of RUNE.
They are also considering a token burn, as they did in March of this year. As noted, the burning of 60 million RUNE tokens as part of an effort to increase their lending capacity by $100 million. This measure - by simple law of supply and demand - had an immediate impact on the price of the crypto asset, driving it up.
It also had an impact on the total value locked in THORChain, which has seen a significant increase, going from $346 million to $537 million since the initiative was announced, according to data from DefiLlama.
Keep an eye on RUNETHORCHAIN ..
THORChain (RUNE) Price Prediction: Can RUNE Hit $100 in 2024?
By CoinUnited
30 Jan 2024
Despite a -10.07% year-to-date drop this year, the above returns give us pause: could this be the time to hold our breath before a leap? Why, you might ask? Because in the crypto sphere, what is seen as a setback today can become a ramp to new heights tomorrow. It is the narrative of missed opportunities turning into limited opportunities that has investors glued to their screens.
When we dig deeper into its technology, THORChain’s native token, RUNE, is pivotal. It ensures network security and incentives, acting as collateral for liquidity pools. As more people adopt and use this ecosystem, the demand for RUNE could increase, supporting an increase in price.
Ultimately, and in short, the unique value proposition of THORChain's technology could catapult its adoption, making the $100 mark for RUNE a tangible goal in December of this year 2024. If you are looking to take advantage of this knowledge and potentially benefit from the promising future of RUNE.
They are also considering a token burn, as they did in March of this year. As noted, the burning of 60 million RUNE tokens as part of an effort to increase their lending capacity by $100 million. This measure - by simple law of supply and demand - had an immediate impact on the price of the crypto asset, driving it up.
It also had an impact on the total value locked in THORChain, which has seen a significant increase, going from $346 million to $537 million since the initiative was announced, according to data from DefiLlama.
Keep an eye on RUNETHORCHAIN ..
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