Sunday, November 27, 2022
 

THORChain (RUNE) Price Prediction: Will RUNE Price Hit $10 in 2022?

  • Bullish THORChain (RUNE) price prediction ranges from $2.117 to $4.
  • Analysis suggests that RUNE price might reach $10 soon.
  • RUNE’s bearish market price prediction for 2022 is $1.624.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. THORChain (RUNE) is one of them.

THORChain seeks to facilitate the non-custodial trade of assets between several blockchains and serve as the backend for numerous user interfaces. The value of a pegged cryptocurrency is related to another medium of exchange, such as gold or another currency.

If you are interested in the future of RUNE and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is THORChain (RUNE)?

Users of THORChain, a decentralized liquidity protocol, can effortlessly trade bitcoin assets across many networks without giving up control of their funds. Users of THORChain can instantly exchange one asset for another in a permissionless system, without resorting to checking order books to find buyers and sellers. Instead, asset ratios in a pool are used to stabilize market prices.

THORChain’s native utility token, RUNE, is named after the Norse god of Thor. Due to the fact that every THORChain node must stake at least 1 million to 300,000 RUNE in order to take part in the network’s revolving consensus mechanism, this serves as the ecosystem’s primary currency in addition to being used for platform governance and security.

THORChain was funded with an initial DEX offering (IDO) on the Binance DEX in July 2019. Its single-chain chaosnet went online in April 2021, its multi-chain upgrade went live in April 2021, and its Mainnet is now operational as of June 2022.

THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. 

THORChain integrates a number of innovative technologies, such as on-way state pegs, a state machine, the Bifrost Signer Module, and a TSS protocol, to smoothly support permissionless cross-chain token swaps. All of this is hidden from view, making the platform accessible to even novice traders.

The THORChain network is protected using Proof of Stake and Tendermint, a form of BFT. The network is constructed using the Tendermint-based Cosmos SDK. Tendermint protects the cross-chain bridges by verifying the integrity of Nodes and other network operations.

THORChain (RUNE) Current Market Status

According to CoinMarketCap, THORChain (RUNE) is currently trading at $2.11 at the time of writing with 330,688,061 RUNE in circulation. RUNE has a 24-hour trading volume of $82,247,041.82, and during the previous 24 hours, the price of RUNE has increased by 1.69%.

At the moment, the most popular exchanges to trade THORChain (RUNE) are Binance, Deepcoin, Bybit, MEXC and CoinTiger. Let’s continue with our RUNE price research for 2022.

THORChain (RUNE) Price Analysis 2022

Currently, RUNE ranks 63th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will THORChain’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s RUNE price forecast first.

THORChain (RUNE) Price Analysis – Keltner Channel

RUNE/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
RUNE/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of THORChain (RUNE) can be predicted using the Keltner Channel indications for RUNE/USDT. It may go on a downtrend since the price is near the second half of the channel. Even after establishing a new downtrend, it is often smart to wait for a reversal or a better entry point to improve the reward-to-risk ratio.

THORChain (RUNE) Price Analysis – Relative Strength Index

RUNE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
RUNE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 38.09. A movement below 50 indicates that more traders are selling RUNE rather than buying, and this is driving the price down 

THORChain (RUNE) Price Analysis – Moving Average

RUNE/USDT 1-Day Chart Showing 200-MA, 50-MA (Source: TradingView)
RUNE/USDT 1-Day Chart Showing 200-MA, 50-MA (Source: TradingView)

Above is a daily chart of THORChain’s (RUNE’s) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, RUNE is now running sideways. The RUNE 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. However, the distance between the two moving averages is wide. Also, the candlesticks are very far from the 200-day MA and below the 200-day MA means that the selling pressure isn’t over yet.

THORChain (RUNE) Price Prediction 2022

RUNE/USDT 1-Day Chart  (Source: TradingView)
RUNE/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of RUNE/USDT, RUNE price was swinging from $1.443 to $3.139 after touching the support level of $1.562-$1.403. After bouncing back from the support level, RUNE has been forming an uptrend channel and after touching $3.139, the price was unable to break out of the resistance level and fell back to $2.117.

Meanwhile, our long-term RUNE price prediction for 2022 is bullish since it cannot break the support level. We can expect RUNE to reach $4 this year. 

THORChain (RUNE) Price – Resistance and Support Levels

RUNE/USDT 1-Day Chart (Source: TradingView)
RUNE/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of RUNE has decreased in the past few months. Moreover, the price of RUNE is up by 1.69% in the past 24 hours after a slight pump during the week. If RUNE cannot break the $3.520 resistance 1 level, the bears may seize control and dethrone RUNE to a downtrend stance. In simple terms, the price of RUNE might fall to almost $1.624, indicating a negative signal given by the previous support level.

THORChain (RUNE) Price Prediction 2023 

THORChain (RUNE) will hit $5.088 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.3092. The growth will thereafter moderate, but no significant drops are forecast. 

THORChain (RUNE) Price Prediction 2024 

THORChain (RUNE) price can rise to incredible heights, peaking at $7.362. This is only feasible if the market continues its upward path and only if THORChain breaks through the past psychological resistance levels.

THORChain (RUNE) Price Prediction 2025

RUNE price might grow to $9.199 during the next three years. Furthermore, hitting this level may not be so tough for RUNE because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

THORChain (RUNE) Price Prediction 2026

RUNE price might grow to $11.0369 during the next four years. Furthermore, hitting this level may not be so tough for RUNE because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

THORChain (RUNE) Price Prediction 2027

RUNE price might soar to $13.652 in the next five years. Furthermore, hitting this level may not be so difficult for RUNE as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

THORChain (RUNE) Price Prediction 2028

In the next six years, RUNE price could rise to $16.984. More so, reaching this level might be easy for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders.

THORChain (RUNE) Price Prediction 2029

In the next seven years, RUNE price could rise to $26.606. More so, reaching this level could not be so difficult for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, RUNE has a strong chance of reaching the previous ATH.

THORChain (RUNE) Price Prediction 2030

In the next eight years, RUNE price could rise to $42.176. More so, reaching this level could not be so difficult for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, RUNE has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $10 if investors have decided that RUNE is a good investment along with mainstream cryptocurrencies

What is RUNE?

THORChain is the company that created the Socios platform as well as the RUNE coin. RUNE is an ERC-20 token that runs on the THORChain blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from THORChain’ Socios, a fan token marketplace.

How to buy RUNE tokens?

Like other digital assets in the crypto world, RUNE can be traded on many exchanges. Binance, Deepcoin, Bybit, MEXC and CoinTiger are currently the most popular cryptocurrency exchanges for trading RUNE.

Will RUNE surpass its current ATH?

Since RUNE provides investors with several opportunities to profit from their crypto holdings, RUNE seems to be a really good investment in 2022. However, RUNE has a high possibility of surpassing its current ATH in 2029.

Can RUNE reach $10 soon?

In terms of active crypto assets, RUNE is one of the few that continues to rise in value. As long as this bullish trend continues, RUNE might break through $4 and reach as high as $10. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is RUNE a good investment in 2022?

As one of the fastest-rising cryptocurrencies, RUNE is expected to continue its upward trend. We may also conclude that RUNE is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of RUNE?

The lowest RUNE price is $0.007939, which was attained on September 27, 2019, according to CoinMarketCap.

Which year was RUNE launched?

RUNE was launched in 2019.

Who are the co-founders of RUNE?

THORChain is a decentralized project with no business, chief executive officer, or founders.

What is the maximum supply of RUNE?

The maximum supply of RUNE is 500,000,000 RUNE.

How do I store RUNE?

RUNE can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the RUNE price in 2023?

RUNE price is expected to reach $5.088 by 2023.

What will be the RUNE price in 2024?

RUNE price is expected to reach $7.3625 by 2024.

What will be the RUNE price in 2025?

RUNE price is expected to reach $9.199 by 2025.

What will be the RUNE price in 2026?

RUNE price is expected to reach $11.036 by 2026.

What will be the RUNE price in 2027?

RUNE price is expected to reach $13.652 by 2027.

What will be the RUNE price in 2028?

RUNE price is expected to reach $16.984 by 2028.

What will be the RUNE price in 2029?

RUNE price is expected to reach $26.606 by 2029.

What will be the RUNE price in 2030?

RUNE price is expected to reach $42.176 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish THORChain (RUNE) price prediction ranges from $2.117 to $4.
  • Analysis suggests that RUNE price might reach $10 soon.
  • RUNE’s bearish market price prediction for 2022 is $1.624.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. THORChain (RUNE) is one of them.

THORChain seeks to facilitate the non-custodial trade of assets between several blockchains and serve as the backend for numerous user interfaces. The value of a pegged cryptocurrency is related to another medium of exchange, such as gold or another currency.

If you are interested in the future of RUNE and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is THORChain (RUNE)?

Users of THORChain, a decentralized liquidity protocol, can effortlessly trade bitcoin assets across many networks without giving up control of their funds. Users of THORChain can instantly exchange one asset for another in a permissionless system, without resorting to checking order books to find buyers and sellers. Instead, asset ratios in a pool are used to stabilize market prices.

THORChain’s native utility token, RUNE, is named after the Norse god of Thor. Due to the fact that every THORChain node must stake at least 1 million to 300,000 RUNE in order to take part in the network’s revolving consensus mechanism, this serves as the ecosystem’s primary currency in addition to being used for platform governance and security.

THORChain was funded with an initial DEX offering (IDO) on the Binance DEX in July 2019. Its single-chain chaosnet went online in April 2021, its multi-chain upgrade went live in April 2021, and its Mainnet is now operational as of June 2022.

THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. 

THORChain integrates a number of innovative technologies, such as on-way state pegs, a state machine, the Bifrost Signer Module, and a TSS protocol, to smoothly support permissionless cross-chain token swaps. All of this is hidden from view, making the platform accessible to even novice traders.

The THORChain network is protected using Proof of Stake and Tendermint, a form of BFT. The network is constructed using the Tendermint-based Cosmos SDK. Tendermint protects the cross-chain bridges by verifying the integrity of Nodes and other network operations.

THORChain (RUNE) Current Market Status

According to CoinMarketCap, THORChain (RUNE) is currently trading at $2.11 at the time of writing with 330,688,061 RUNE in circulation. RUNE has a 24-hour trading volume of $82,247,041.82, and during the previous 24 hours, the price of RUNE has increased by 1.69%.

At the moment, the most popular exchanges to trade THORChain (RUNE) are Binance, Deepcoin, Bybit, MEXC and CoinTiger. Let’s continue with our RUNE price research for 2022.

THORChain (RUNE) Price Analysis 2022

Currently, RUNE ranks 63th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will THORChain’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s RUNE price forecast first.

THORChain (RUNE) Price Analysis – Keltner Channel

RUNE/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
RUNE/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of THORChain (RUNE) can be predicted using the Keltner Channel indications for RUNE/USDT. It may go on a downtrend since the price is near the second half of the channel. Even after establishing a new downtrend, it is often smart to wait for a reversal or a better entry point to improve the reward-to-risk ratio.

THORChain (RUNE) Price Analysis – Relative Strength Index

RUNE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
RUNE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 38.09. A movement below 50 indicates that more traders are selling RUNE rather than buying, and this is driving the price down 

THORChain (RUNE) Price Analysis – Moving Average

RUNE/USDT 1-Day Chart Showing 200-MA, 50-MA (Source: TradingView)
RUNE/USDT 1-Day Chart Showing 200-MA, 50-MA (Source: TradingView)

Above is a daily chart of THORChain’s (RUNE’s) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, RUNE is now running sideways. The RUNE 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. However, the distance between the two moving averages is wide. Also, the candlesticks are very far from the 200-day MA and below the 200-day MA means that the selling pressure isn’t over yet.

THORChain (RUNE) Price Prediction 2022

RUNE/USDT 1-Day Chart  (Source: TradingView)
RUNE/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of RUNE/USDT, RUNE price was swinging from $1.443 to $3.139 after touching the support level of $1.562-$1.403. After bouncing back from the support level, RUNE has been forming an uptrend channel and after touching $3.139, the price was unable to break out of the resistance level and fell back to $2.117.

Meanwhile, our long-term RUNE price prediction for 2022 is bullish since it cannot break the support level. We can expect RUNE to reach $4 this year. 

THORChain (RUNE) Price – Resistance and Support Levels

RUNE/USDT 1-Day Chart (Source: TradingView)
RUNE/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of RUNE has decreased in the past few months. Moreover, the price of RUNE is up by 1.69% in the past 24 hours after a slight pump during the week. If RUNE cannot break the $3.520 resistance 1 level, the bears may seize control and dethrone RUNE to a downtrend stance. In simple terms, the price of RUNE might fall to almost $1.624, indicating a negative signal given by the previous support level.

THORChain (RUNE) Price Prediction 2023 

THORChain (RUNE) will hit $5.088 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.3092. The growth will thereafter moderate, but no significant drops are forecast. 

THORChain (RUNE) Price Prediction 2024 

THORChain (RUNE) price can rise to incredible heights, peaking at $7.362. This is only feasible if the market continues its upward path and only if THORChain breaks through the past psychological resistance levels.

THORChain (RUNE) Price Prediction 2025

RUNE price might grow to $9.199 during the next three years. Furthermore, hitting this level may not be so tough for RUNE because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

THORChain (RUNE) Price Prediction 2026

RUNE price might grow to $11.0369 during the next four years. Furthermore, hitting this level may not be so tough for RUNE because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

THORChain (RUNE) Price Prediction 2027

RUNE price might soar to $13.652 in the next five years. Furthermore, hitting this level may not be so difficult for RUNE as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

THORChain (RUNE) Price Prediction 2028

In the next six years, RUNE price could rise to $16.984. More so, reaching this level might be easy for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders.

THORChain (RUNE) Price Prediction 2029

In the next seven years, RUNE price could rise to $26.606. More so, reaching this level could not be so difficult for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, RUNE has a strong chance of reaching the previous ATH.

THORChain (RUNE) Price Prediction 2030

In the next eight years, RUNE price could rise to $42.176. More so, reaching this level could not be so difficult for RUNE as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, RUNE has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $10 if investors have decided that RUNE is a good investment along with mainstream cryptocurrencies

What is RUNE?

THORChain is the company that created the Socios platform as well as the RUNE coin. RUNE is an ERC-20 token that runs on the THORChain blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from THORChain’ Socios, a fan token marketplace.

How to buy RUNE tokens?

Like other digital assets in the crypto world, RUNE can be traded on many exchanges. Binance, Deepcoin, Bybit, MEXC and CoinTiger are currently the most popular cryptocurrency exchanges for trading RUNE.

Will RUNE surpass its current ATH?

Since RUNE provides investors with several opportunities to profit from their crypto holdings, RUNE seems to be a really good investment in 2022. However, RUNE has a high possibility of surpassing its current ATH in 2029.

Can RUNE reach $10 soon?

In terms of active crypto assets, RUNE is one of the few that continues to rise in value. As long as this bullish trend continues, RUNE might break through $4 and reach as high as $10. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is RUNE a good investment in 2022?

As one of the fastest-rising cryptocurrencies, RUNE is expected to continue its upward trend. We may also conclude that RUNE is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of RUNE?

The lowest RUNE price is $0.007939, which was attained on September 27, 2019, according to CoinMarketCap.

Which year was RUNE launched?

RUNE was launched in 2019.

Who are the co-founders of RUNE?

THORChain is a decentralized project with no business, chief executive officer, or founders.

What is the maximum supply of RUNE?

The maximum supply of RUNE is 500,000,000 RUNE.

How do I store RUNE?

RUNE can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the RUNE price in 2023?

RUNE price is expected to reach $5.088 by 2023.

What will be the RUNE price in 2024?

RUNE price is expected to reach $7.3625 by 2024.

What will be the RUNE price in 2025?

RUNE price is expected to reach $9.199 by 2025.

What will be the RUNE price in 2026?

RUNE price is expected to reach $11.036 by 2026.

What will be the RUNE price in 2027?

RUNE price is expected to reach $13.652 by 2027.

What will be the RUNE price in 2028?

RUNE price is expected to reach $16.984 by 2028.

What will be the RUNE price in 2029?

RUNE price is expected to reach $26.606 by 2029.

What will be the RUNE price in 2030?

RUNE price is expected to reach $42.176 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

Latest news