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THORChain Price Prediction

An up-to-date THORChain price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of RUNE price? Find out THORChain price forecast with historical, fundamental and technical analysis.
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THORChain Fundamental Analysis

Project name
THORChain
Stock Symbol
RUNE
Current Price
1.5856828
Current Supply
500000000
Official Website

RUNE is a token powering THORChain – a liquidity platform used as a fast, cheap, and decentralized cryptocurrency exchange, on the one hand, and an opportunity for some users to become liquidity providers and get some yield on their idle digital assets, on the other hand. Importantly, it facilitates cross-chain swaps, but unlike most of the existing solutions, does not require a third party i.e. centralization for that. THORChain was launched on Binance DEX through IDO in 2019, but its mainnet went live in January 2021. The people behind the project keep maintaining their anonymity.

As a decentralized exchange, THORChain allows its users to swap assets using liquidity pools, without having to give up their custody of those assets to the exchange, with no order books. THORChain uses some novel or unique technologies – for example, a way to mitigate impermanent loss or a protocol for cross-chain swaps.

RUNE as a token has multiple purposes, one of which is also facilitating cross-chain swaps by being a native settlement currency that is supplied to liquidity pools. The network is secured with Proof-of-Bond protocol, requiring every node to provide RUNE as a bond to discourage attacks – the details make this usage THORChain-specific too. RUNE is also used in more or less ordinary situations like providing network incentives, governing the network, and securing the assets.

THORChain Live Price Chart

From the project’s IDO in 2019 until January 2021, there was little movement involving RUNE on the market, so its price didn’t fluctuate much either, very slowly rising from ~$0.02 to ~$1.15 in early 2021. By spring of the same year, RUNE’s price gained a lot of momentum, as some interesting tweaks and additions to the protocol were being deployed or at least announced. Also, due to the token’s nature (being used as a settlement currency in liquidity pools), its price tends to be at least partially correlated with the general market. All this led to RUNE surging to $21.26 on May 19, which is its all-time high. Since then, however, its price has generally been in decline, which seemingly stopped around the ~$6-$7 mark.

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THORChain Technical Analysis

Despite the fact that 100% accurate technical analysis for THORChain cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated RUNE buy-and-sell rating for selected timeframe. The summary for RUNE/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

THORChain Price Prediction

Below we have collected the most reliable price projections for THORChain (RUNE) from popular forecast platforms.

THORChain Price Prediction for 2022

As of the end of 2022, THORChain price predictions remain predominantly positive, with some analytics promising the price at about $1.87963, while PricePrediction.net even cites the possibility of the price reaching $2.9018 by the end of the year.
Potential ROI: 46% Buy

THORChain Price Prediction for 2023

In their THORChain price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $1.93398 by December. Forecasting THORChain's future, PricePrediction.net expects further growth, too, saying the THORChain price will reach ~$2.99694 by that time. On the contrary, WalletInvestor keeps predicting THORChain price decline, quoting prices around ~$0.364707 in 2023.
Potential ROI: 11% Buy

THORChain Price Prediction for 2024

THORChain price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $2.38766–$2.806659 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.015857 in December 2024.
Potential ROI: 10% Buy

THORChain Price Prediction for 2025

Both PricePrediction.net and TradingBeast predict the THORChain market to grow in 2025, resulting in $1.918676 and $2.95118 by the end of the year respectively. Other THORChain price forecasts support the idea: WalletInvestor forecasts THORChain to reach $2.330954 by December 2025.
Potential ROI: 51% Buy

THORChain Price Prediction for 2030

Speaking of long-term THORChain price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that THORChain price won’t grow further and, opposedly, will decline to $0.507418. WalletInvestor’s price prediction for THORChain echoes with the projection of a downtrend to $0.174425. Despite this, TradingBeast’s vision remains positive, promising growth up to $1.859243.
Potential ROI: -47% Sell
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Summary

As it can be clear from the analysis cited above, THORChain (RUNE) projections are rather contradictory. There is no universal consensus either about positive or negative future RUNE price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the THORChain projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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