THORChain is a cross-chain blockchain platform that allows the exchange of digital assets. It allows investors to forego the use of stablecoins to transact between tokens of different blockchains.
Thus the platform serves as a better alternative to the centralized crypto exchanges (CEX) and even the single-chain decentralized exchanges (DEX).
RUNE is the native utility token of the THORChain platform. The token is the driver of liquidity and security of the platform. Additionally, it serves as the governance token of the network, democratizing the decision-making process of the entity.
THORChain (RUNE) Tokenomics
THORChain was launched in 2018 as an alternative to CEXs. During its initial coin offering (ICO), RUNE was distributed as follows:
50% – Liquidity Emission
13% – Operational Reserve
12% – Community Reserve
10% – ThorChain Team and Advisors
6% – Seed fund
5% – Private Sale
At launch, an initial supply of 1 billion RUNE tokens was pre-minted. THORChain burned all unused reserve RUNE in October 2019, which amounts to 50% of the original maximum supply. At present, the total supply of RUNE is 500,000,000 tokens out of which 339,996,626 of them are currently in circulation.
THORChain (RUNE) Past Performance
For the time being, RUNE is traded at $5.52, making up an estimated $1.8 billion market capitalization. Let’s see how the token got here.
RUNE started its life at around $0.7. In 2021, the cryptocurrency entered a bull run hitting its all-time high of $16.5. In the following months, RUNE crossed the 10-dollar mark a few more times but since lost momentum and has been trading at close to $1 throughout the second half of 2022 and almost all of 2023. But THORChain’s native token has started to pick up again in late 2023, crossing the $5 mark in several instances.
THORChain (RUNE) Price Prediction 2024
The technical analysis of RUNE suggests that the current market sentiment is neutral although the Fear&Greed Index is at 72, indicating greed. The token has spent 17 of the last 30 days in the green region with over an 11% price volatility. It is predicted that RUNE will go down by 1.41 percentage points by the end of the year.
THORChain (RUNE) Price Prediction 2025
In 2025, it is predicted that the table will be turned to THORChain. RUNE is forecasted to reach a lower bound of $5.30 and a high of $17.56. The optimistic return on investment from this year is over 218%.
THORChain (RUNE) Price Prediction 2030
In 2030, though a little too far into the future, the token is expected to be traded at a lower limit of $7.07 and an upper bound of $30.82. This will translate into a maximum return of 482.08%.
Where To Buy RUNE?
If you are in it for the investment gains, you can simply buy RUNE from one of the centralized exchanges. You can choose from any of the following.
- Binance
- KuCoin
- Kraken
- ByBit
- Gate.io
How To Buy THORChain (RUNE)
Though you have several options to choose from, I am explaining the process of buying RUNE from Kraken.
- First, you need to create your free Kraken account and provide your email address and country of residence.
- Choose a transaction method. You can choose a credit card, bank transfer, Bitcoin, or Ethereum.
- Complete the purchase: Find the currency pair of your choice and place the order.
- Confirm the order and you are done.
- Move the tokens to a private wallet.
Conclusion
THORChain was designed to tackle the issue of centralization of existing crypto exchange systems without compromising on the security part. Owing to its functionality, the platform has managed to attract a growing number of users.
Its native token, RUNE, thanks to the platform’s popularity, has also generated a stir in the crypto investment community. The forecasts of RUNE are mostly optimistic and the token is expected to give large returns to the long-term investor.
However, crypto assets, owing to their novel nature, are susceptible to large price fluctuations. It is advised that no one should put their hard-earned money into the crypto market without deep research on its underpinnings.
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