THORChain (RUNE) is a focus point in the latest round of cryptocurrency news, with several reports indicating a strong potential for investor interest. Analysts suggest the
RUNE might be entering a buying zone, while partnerships like its recent collaboration with
Kujira and Bitcoin's rise above $61K are factors leading to a 14% jump in its price.
RUNE is also being highlighted in connection to the upcoming
Bitcoin halving with expectations that it may spark activity in the cryptocurrency market. Developers in the crypto-arena are reportedly bracing themselves for
Runes launch by setting up their own nodes, and reports suggest that
Runes are offering significant lifeline for Bitcoin miners.
However, not all reports are positive as there are concerns about a sharp decline in the
Runes protocol popularity. This platform, invented by Casey Rodarmor, set out to provide a standard for issuing
fungible tokens on Bitcoin. For Meme coin market, the introduction of Bitcoin Runes protocol sees traction waning after initial hype.
In the coming times, analysts suggest we may see a new era in Bitcoin ignited by Runes protocol. This is because new fungible token protocols on Bitcoin, like
Runes, could potentially stimulate the memecoin market. Conversely, the proliferation of memecoins themselves, such as
DOG and
Rune, are pushing the total market cap upward and increasing their utility.
RUNE Coin News Analytics from Wed, 17 Jan 2024 08:00:00 GMT to Tue, 08 Oct 2024 11:00:00 GMT -
Rating 5
- Innovation 7
- Information 7
- Rumor 4
