THORChain's Native Token RUNE Takes Significant Gains

THORChain’s native token RUNE underwent significant price action from a $3.21 low to a $3.70 high in the past 24 hours.

THORChain’s native token RUNE experienced significant price gains of up to 15% over the past 24 hours, trading within the $3.6 range on Wednesday.

As of press time, RUNE fiyatı is priced at $3.63 with a 13% gain in the past 24 hours, according to CoinGecko. This price movement follows a low of $3.21 and a high of $3.70 within the same time frame.

The token also saw a 20% increase in its trading volume, with $197.24 million worth of RUNE being transferred between crypto wallet addresses. Bu artışla birlikte, the market capitalization of the 334.76 million tokens in circulation rose to $1.12 billion.

At these rates, RUNE is still down 82% from its all-time high (ATH) of $21.26, which was reached three years ago. However, zooming out the charts shows that the crypto’s price has jumped by 14% and 164% on a one-week and one-year basis, respectively. On the other hand, it lost 2% of its value in a one-month period.

Bitcoin’s (BTC) price movements have been closely watched as it displayed a strong hold above the $60K range in the past 12 hours. This period also saw a 2% rebound in BTC’s price on the daily chart.

While this factor usually has a large influence on crypto market sentiment, RUNE’s latest gain appeared to not have solely relied on this element.

Despite BTC’s fluctuations, RUNE has seemingly held on its own thanks to strong community support and an active team behind the scenes. Recently, THORChain forged various partnerships to strengthen its native token’s utility and expand its use cases.

One of THORChain’s new milestones was its partnership with Kujira. Through this effort, RUNE’s issuer has become instrumental in providing deep liquidity to Kujira’s decentralized finance (DeFi) suite.

This aims to enhance the self-sustainability of Kujira’s ecosystem and boost its growth. With their joint venture, the two are expected to broaden their exposure and reach in the realm of digital assets while improving the efficiency of their operations.

"The partnership between @THORChain and @TeamKujira was officially announced last week and has caused a wave of excitement across both communities.

THORChain X Kujira = $RUJI ?

What else has happened? Follow along!

???

Top Affiliates by Swap Volume

TrustWallet – $56M ? …"

In other related developments:

THORChain also allied with SwapKit and Noble to provide cross-chain liquidity and a better user experience. The collaboration also enables the issuance of stablecoins within the THORChain AppLayer.

Under the collaboration, Noble supports the AppLayer with USDC issuance. This way, transactions are made more convenient by one-click deposits and the overall process becomes more streamlined.

THORChain’s next arc of becoming stable, reliable and composable just got a solid partner in execution – @noble_xyz Expect the best! https://t.co/87xVddSniv

The above is the detailed content of THORChain's Native Token RUNE Takes Significant Gains. For more information, please follow other related articles on the PHP Chinese website!