Market capitalization: $244 million.
THORChain is a decentralized liquidity protocol that allows exchanging cryptocurrencies between different blockchains directly, without intermediaries.
🟡 The main feature is that cross-chain exchanges between Bitcoin, Ethereum, and other networks occur natively, without creating wrapped tokens.
🟡 RUNE serves as the base asset for all liquidity pools in the ecosystem.
What's happening now❔
🗣Version 3.14.0 update, which was expected over the weekend, has already taken place. The upgrade brought performance and stability improvements, which strengthened the confidence of active traders.
🗣Typically, such technical updates generate short-term interest and can serve as a growth catalyst.
🗣Current RUNE price is trading around $0.66. The token is in consolidation after a sharp drop from the peak of $5.19 at the beginning of the year.
🗣Institutional support for the protocol remains stable: THORChain continues to develop its ecosystem of cross-chain bridges and liquidity pools. Daily trading volume is around $66 million, indicating sustained trader interest.
🗣However, it's important to understand: despite technological improvements, the token is 96.89% below its all-time high of $20.87. The market remains cautious, and recovery requires not only technical updates but also growth in overall DeFi sector activity.
Trading guidelines:📈 📉
📈 Confident consolidation above $0.72 will open the path to $0.76-0.80.
📉 A drop below $0.64 could send it to the $0.60 level.
Conclusion:
The update is complete, the foundation is strengthened – watch volumes and market reaction to key level breakouts.
📈 Open trade with $RUNE
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