The
cryptocurrency market reveals a tumultuous period for
RUNE Coin with mixed sentiments.
THORChain, the platform hosting RUNE, has faced some severe tests. The
price of RUNE underwent a significant
fall following THORChain's decision to pause Bitcoin, Ethereum, and ThorFi services. The move led to speculations around THORChain's possible
insolvency, pushing the price down by 30%. Despite these challenges, the
trading volume for THORChain spiked, with RUNE price recuperating by a sharp 22% and 30% subsequently. In a desperate attempt to address its $200 million debt crisis, THORChain is considering an approach to use
equity tokens. Amid all these occurrences, there is a surge in the demand for meme coins (non-RUNE), casting doubts on RUNE's future. Nevertheless,
THORChain presents a bullish outlook, expecting to recover with the launch on
TON Blockchain and the introduction of strategic protocol updates. It's important to highlight that on a more speculative note, some experts believe RUNE could surge 60% if it crosses a crucial level. Whether this will actualize remains to be seen.
RUNE Coin News Analytics from Tue, 23 Jul 2019 21:09:17 GMT to Sat, 29 Mar 2025 08:20:57 GMT -
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- Innovation 4
- Information 3
- Rumor 0
