In the crypto space, few tokens have lately captured the spotlight quite like THORChain (RUNE). With its cutting-edge technology and bold vision, $RUNE is establishing itself as a key player in the world of decentralized finance (DeFi), providing investors with a tantalizing glimpse of what a real bull run could potentially look like. In just the past week (7 days), Rune went from around $2.20 to over $3.00 and currently is trading just shy of that. This translates to 31.1% price appreciation in the past week and a hefty 87.1% in the past two weeks. And I think we are not over yet and as the crypto market also shows appreciation signs, THORChain Rune might be propelled to new highs with its strong tokenomics as well.
Doing a retrospective on it, THORChain reached its highest price on May 19, 2021 when it was trading at its all-time high of $ 20.98, while THORChain's lowest price was recorded on Sep 11, 2019 when it was trading at its all-time low of $ 0.007620 (when it was just starting to show off its value). The lowest price since it's ATH was $ 0.778946 (cycle low), wish I had bought in more at that price point.. The highest RUNE price since the last cycle low was $ 3.11 (cycle high), which was reached just past few days. The THORChain price prediction sentiment is currently bullish and the entire ecosystem seems to be effervescent by the multitude of DeFi features it provides and strong tokenomics behind it.
RUNE tokenomics
The below tokenomics highlights for $RUNE prove its health and promising future, moving either with the crypto market or alone as it showed even in bearish waters.
- Price has increased by 86% in the last 1 year
- Outperformed 91% of the top 100 crypto assets in 1 year
- Outperformed Bitcoin and Ethereum
- Trading above the 200-day simple moving average
- Positive performance compared to token sale price
- 17 green days in the last 30 days (57%)
- Has high liquidity based on its market cap
- Trading on Binance and major other exchanges
- Yearly inflation rate is only 2.44%
Why is the RUNE price rising?
With the new THORchain lending protocol and partnerships and additional listings on exchanges, $RUNE price regained momentum and ran toward its major resistance level at $3.30. On top of this, the recent market pump helped the price experience an extra push in its value, resulting in the price trading close to both its major resistance level and cross-resistance level, indicating a possibility of a break out soon. Better times are yet to come for this gem in the crypto space.
I've invested in THORChain Rune as it was brought several times into the spotlight on InLeo/LeoFinance platform and it is one of by best investments in the portfolio. The previous bull run was amazing, but it faded away and with it also much of my enthusiasm and motivation in the crypto space. While I have not pushed forward with the same velocity as in the bull run because of falling prices and life, I am still finding myself in a good position in the wave of a new bull cycle. If that will happens anytime soon we'll see, but for sure THORChain RUNE provided us a taste of what a real bull run looks like.