Home
News
- 1 RUNE TVL has observed no significant changes in the past few months. Thorchain median APY remains around 5.2%
- 2 Technical indicators of RUNE favor a consolidated trend in price. It has seen a jump of 1.6% in the intraday session.
Thorchain is a liquidity protocol allowing users to send cryptocurrency assets across networks without losing control. Users of Thorchain can swap the assets without relying on any order book and in a permissionless setting. Thorchain is a settlement layer facilitating swaps between assets, including Bitcoin, Ethereum, Doge, etc. The TVL of Thorchain is $199 Million, which has remained stagnant for quite some time. The total liquidity on the network is around $107.7 Million, with the total pool earning about $17.3 Million, as per the Thorchain website. There are 88 active validators on the Thorchain network with 11.41 Million of total swap count. The total number of transactions on the network is seeing a slight surge with a decline in overall address growth. The median APY of RUNE staking is around 5.2% which has declined from 14% in the past few months.
RUNE has a market cap of $379 Million and is ranked 92nd in the crypto-verse. The total volume of Thorchain swap is around $6.72 Billion. Thorchain has been attracting attention from various crypto enthusiasts and can see a new high in the future.
Will RUNE Cross the $5 Mark Soon?
Thorchain has been moving in a downward trend in the past few weeks. On the daily chart, it is looking to recover for a new high.RUNE is trading near the value of $1.15 with a slight gain in the intraday session. The upside trend of RUNE can see a halt near the value of $1.25.Meanwhile, the asset price support can be observed near the value of $1. RUNE price is trading below the 50 and 100 Exponential Moving Averages. There can be a negative crossover in the future, pushing the price down.
The RSI of RUNE is near 40, suggesting its presence in the neutral zone. There is no slope in it, suggesting a consolidated momentum in price.
Summary
RUNE median APY has dropped in the past few months, and its TVL has remained stagnant. Thorchain price is currently seeing a consolidated trend and can see a new high.
Technical Levels
Major Support:$1
Major Resistance:$1.25
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
