⇘ RUNE Coin's Sudden Market Crash and Comeback: Analyzing Current Scenario

Several developments related to THORChain (RUNE coin) cover various spectrums in the crypto space. Most significant is the suspending of THORFi services leading to a 30% crash in RUNE price. This was instigated by claims of insolvency and the THORChain’s decision to stop withdrawals in Bitcoin and Ethereum. However, despite these setbacks, RUNE coin regained momentum with a 22% jump amid rising DEX volumes following a Bybit Hack. High trading volume of $800M demonstrates a potentially strong investor sentiment despite the chaotic market.Further bearish signs became evident as RUNE coin exhibited a negative 45% overnight change despite an insolvency speculation. Despite such challenges, THORChain plans to deal with its $200M debt crisis by issuing equity tokens. However, conversations and predictions around RUNE hitting 100 soon have also surfaced, but only time can validate these speculations.In other advancements, Bitcoin missed a significant $54 billion opportunity by neglecting 'runes', a novel blockchain technology that was promptly adopted by RUNE coin. There are also reports of RUNE attracting investors from VeChain (VET) and Zig Networks. RUNE’s current situation and the potential for a turnaround are actively being debated in the crypto community.

RUNE Coin News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 29 Mar 2025 08:20:57 GMT - Rating -5 - Innovation 5 - Information 3 - Rumor 6