THORChain (RUNE) has seen significant volatility lately. Despite the crypto's intriguing design and immense potential, it has faced a series of significant challenges including a projected
price collapse,
debt, and a
dramatic liquidity crash. Nevertheless, with a recent surge of
$320 swap volume and a record-breaking $800m trading volume, there's an evident prospect for recovery. Rune's popularity among significant players, including
Kim Jong Un, is noteworthy. However, amid insolvency speculations, its
price tanked. Rune's bearish pattern has ceased due to THORChain's volume surge. THORChain even managed to combat insolvency fears with its accomplishments despite a significantly lowered blockchain transaction volume. Even so, it is desperately seeking for a solution to its
$200M debt crisis, planning on turning to
equity tokens. Some argue that Bitcoin lost a
$54 billion opportunity by neglecting runes. In contrast to a positive bullish trend among other cryptos, Rune faced
price drops of 30% as the ThorChain suspended the ThorFi operations. Despite these tribulations, Rune and Bitcoin enthusiasts strive to understand the Rune protocol more, increasing its popularity. However, the massive
transaction decline has resulted in Bitcoin Runes losing its momentum. Meanwhile, the sky's founder proposes drastic emission cuts for core tokens. Amid these hurdles, THORChain's protocol upgrade and issuance of a new type of token – TCY – aims to resolve the massive debt.
RUNE Coin News Analytics from Tue, 23 Jul 2019 21:09:17 GMT to Thu, 19 Jun 2025 07:00:00 GMT -
Rating -2
- Innovation 8
- Information 6
- Rumor -4
