Since Binance has announced compulsory KYC documentation to all its customers, users have started to move out to the Decentralised Exchanges.
Binance is a top Cryptocurrency Exchanges that is leading the entire crypto industry. After facing legal issues from the various countries Binance announced the mandatory KYC documentation to all its users.
Trading crypto on a centralised exchange is always risky because you don't have the ownership of your crypto assets. After all, they have been stored on a third-party platform. So the use of Decentralised Exchanges has grown dramatically in the past month. They are secure and give us full control of our crypto assets.
Thorchain is one of the best decentralised protocols to trade your crypto assets. Now they have enabled cross-chain transfers of ERC20 token also which pumped the $Rune price from 7$ to 12$ which is a straight 40% gain in 4-5 days. Despite the BTC dump, $ Rune is holding good around 11.50$ at the time of writing.
Let's see how things unfold only time will tell. There is good support around 9$ I'd the price dip to this area I will load some $Rune to my portfolio it could be a good trade for the short term profit.
What do you think about@$Rune price? Comment your opinion below.
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