As a seasoned researcher with over two decades of experience in the crypto sphere, I’ve seen my fair share of market fluctuations and project developments. The recent surge in RUNE, ThorChain’s native token, has certainly piqued my interest.
There’s been quite a buzz about ThorChain lately following fresh on-chain data that could potentially alter the course for its native token, RUNE. According to CoinGecko, RUNE is currently experiencing an impressive 17% increase since last week, indicating that investors are optimistic about RUNE’s long-term prospects once the impact of recent updates becomes evident on the platform.
There are rumors circulating that ThorChain could potentially partner with OKX in the near future. This potential collaboration has caused investors to reconsider their perspective on the platform, as being listed on a prominent centralized exchange like OKX could greatly influence the trajectory of RUNE’s performance.
Big Things To Come In The Future For RUNE
Based on information from user Rayyk, it appears that OKX has been leveraging ThorChain’s infrastructure for its transactions over the past few months. In terms of statistics, most of OKX’s activity related to swaps involves Thorchain, making it a crucial component in OKX’s overall swap volume.
In a post by Rayyk, it’s noted that the trading volume for OKX and ThorChain’s swap services surpassed 20 million within a single week, demonstrating ThorChain’s robustness even under high demand. Additionally, ThorChain’s proficiency in Bitcoin-related swaps aligns well with OKX’s offerings of Bitcoin-oriented features such as ordinals and BRC-20 tokens.
Word is out that @THORChain may be integrated into the @okxweb3.
This is huge because it is backed by @OKX, one of the top 3 CEX by volume.
Keep an eye on this discussion as we wait for the official report. Here, you’ll find out the total amount of transactions between OKX wallet and THORChain up until now.
— Rayyyk (@rykcrypt) August 14, 2024
In a recent announcement, the innovative staking platform, Swell, acknowledged this feature. As stated in their post, ThorChain will facilitate the direct exchange of Bitcoin (swBTC) for native Bitcoin swaps.
1. Apart from these ongoing projects, ThorChain is also working on something new as suggested by its leader @jpthor in a recent interview. Regarding the potential integration with Tron, he hinted that a Telegram conversation has started and when a Telegram chat is initiated, it often leads to collaboration. In other words, once the chat room is open, the project is underway.
RUNE Will Continue To Rise Because Of These Factors
Right now, RUNE is holding steady at a strong support point, climbing higher as the overall market remains bullish. The value of this token is currently moving within the range of $3.5 to $3.8. This could prove useful for potential trades in the near future.
In the approaching days, it’s expected that RUNE will make a significant impact as the excitement fuels investor optimism to an all-time high. As the market maintains its positive trajectory in the near future, both investors and traders should have ample opportunities for substantial profits.
In simpler terms, if we consider the present trading pattern, there’s a potential for $4.4 increase in the long run. But, if the market undergoes a change and the bullish trend weakens, RUNE could drop down to around $3.
Presently, long-term investors and traders can capitalize on opportunities that are both on-chain and in the broader market to potentially reap substantial profits over time.
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2024-08-17 22:16