Are you looking for an interoperable blockchain network that allows cross-chain crypto swaps over different layer 1 blockchains? Then you should read about THORChain.
THORChain is a proof-of-stake consensus enabled platform. Users can navigate between different blockchain protocols such as Bitcoin, Ethereum, Solana, Polkadot, etc as THORChain allows cross chain transactions.
A major feature of THORChain is the liquidity it provides to its users. Every user who contributes to the token’s liquidity through its Continuous Liquidity Pool (CLP) is rewarded. This scheme counters any liquidity shortage at any stage of the transaction.
THORChain uses a special protocol called Bitfrost. The assets are not transferred directly in this platform, but it is transferred using this protocol. THORChain is not only useful to the traders but also node operators and liquidity providers.
What Is RUNE Token?
RUNE token is the native cryptocurrency of THORChain protocol. Traders need to hold this token to conduct transactions and make governance decisions on the platform. The value of RUNE increases with the increase in liquidity of the token on the platform.
The functions of RUNE token are as follows:
- Liquidity
- Security
- Governance
- Incentive
- Amplifier
The key figures indicating the market trends of RUNE token is as follows:
Current Market Price: $6.04
Market Capitalization: $2,025,922,425
Fully Diluted Valuation: $2,500,599,613
24 Hour Trading Volume: $326,468,071
Circulating Supply: 334,955,010
Total Value Locked: $329,515,166
Total Supply: 413,435,558
Maximum Supply: 500,000,000
THORChain (RUNE) Price Prediction (2024–2030)
The current price of THORChain (Rune) is $6.04. As per the current market trends this price is expected to rise for the short term of May to December 2024 as given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| May 2024 | $6.33 | $6.81 | $7.28 |
| June 2024 | $6.46 | $6.94 | $7.43 |
| July 2024 | $9.00 | $9.68 | $10.36 |
| August 2024 | $9.52 | $10.24 | $10.96 |
| September 2024 | $10.04 | $10.80 | $11.55 |
| October 2024 | $10.56 | $11.36 | $12.15 |
| November 2024 | $11.08 | $11.92 | $12.75 |
| December 2024 | $11.60 | $12.47 | $13.35 |
The long term price predictions of THORChain for the years 2024, 2025, 2026, 2027, 2028, 2029 and 2030 is given below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $10.43 | $13.03 | $15.64 |
| 2025 | $21.46 | $26.83 | $32.20 |
| 2026 | $44.19 | $55.24 | $66.29 |
| 2027 | $90.98 | $113.73 | $136.47 |
| 2028 | $187.31 | $234.14 | $280.97 |
| 2029 | $385.63 | $482.04 | $578.45 |
| 2030 | $793.94 | $992.43 | $1190.92 |
The price has increased by 409.20%. It will rise by 221% in 2025 and 318.14% in 2030.
The technical analysis indicators predict bullish sentiments with 23 indicators showing bearish sentiments and 6 indicators showing bullish sentiments. That means THORChain shows 79% bearish sentiments.
The 50-day SMA and the 200-day SMA of THORChain is $6.48 and $5.60, respectively.
Where And How To Buy RUNE Token?
You can buy RUNE tokens from centralized cryptocurrency exchanges such as Binance, Gate.io and MEXC.
Here are the steps to buy a RUNE token.
- Take a list of all centralised crypto exchanges where RUNE is listed.
- Compare the merits and demerits of each account and select the one that suits your preferences.
- Create an account using the required personal details.
- Deposit the required amount on the exchange using your debit or credit card, bank transfer or crypto wallet.
- Buy RUNE tokens using this amount.
- Store the coins safely in any cold wallet.
Conclusion
As you have already read in this article, THORChain (RUNE) is a profitable buy in the coming years. The market sentiments show strong bullish trends. The 50-day SMA and 200-day SMA are pretty good.
Therefore, you can safely invest in THORCHAIN (RUNE) now and in the next few years. But do not forget that cryptocurrencies are largely unstable in nature. The prices tend to change with the market conditions. So you should make informed investment decisions after considering the market trends, price history and on-chain innovations.
