THORChain and its currency, RUNE, are making some movements in the crypto market. Several forecasts predict a long-term rise for RUNE, although a significant drop was observed recently. Bitcoin Runes, a new protocol offering a new type of fungible token on the Bitcoin network, is losing momentum. There is a speculative vibe around memecoins coming to Bitcoin, including DOG and CAT. RUNE trading is becoming active and has started trending among crypto whales.
The Bitcoin network saw its share decline, a stablecoin backed by RUNE token was launched, and there's a new feature for RUNE in the shade, an integration whose impact is yet unknown. Multiple RUNE-related projects are arising. However, not all of them seem to have a positive impact as RUNE, along with other altcoins WIF, BONK, and JUP, underwent a decline. Some consider Runes may be a high opportunity for the end of 2024.
Positive outlooks for RUNE come from a new partnership and Bitcoin's rise above $61K, which caused RUNE to jump 14%. However, the protocol has experienced a significant decline in activity. On the other hand, the introduction of Runes is expected to cause a boost in the Bitcoin ecosystem after the halving. Also, the increased transaction and minting activities are making RUNE stand out.
RUNE Coin News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Fri, 27 Dec 2024 04:50:00 GMT - Rating -3 - Innovation 4 - Information 5 - Rumor -2