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THORChain Price Prediction: Is RUNE Worth Buying?

An up-to-date THORChain price prediction for 2023, 2024, 2025, 2026, 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
1.920220379794168
Current Supply
485113066.587762
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 2023

As for THORChain price predictions for 2023, there are divergent opinions. PricePrediction.net expects a downturn towards $1.190537, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about THORChain’s future price, citing upwards of $3.584 in December.
Potential ROI: -17% Sell

THORChain Price Prediction for 2024

In their THORChain price predictions for 2024, WalletInvestor forecasts the coin’s price to go down to $0.145 by December. Forecasting THORChain future, TradingBeast expects further decrease of its price, too, saying the THORChain price will reach ~$0 by that time. On the contrary, PricePrediction.net keeps predicting THORChain price growth, quoting prices around ~$2.361871 in 2024.
Potential ROI: -56% Sell

THORChain Price Prediction for 2025

The experts are unanimous in their THORChain price forecasts for 2025 — everybody expects THORChain’s price to drop down by the end of that year. PricePrediction.net predicts the price to fall, reaching $1.728198. According to TradingBeast’s research, THORChain’s price can drop down to $0. WalletInvestor’s forecast is also not so positive: its analysts hold the view that by 2025 THORChain’s price will be about $0.0984.
Potential ROI: -68% Sell

THORChain Price Prediction for 2026

Both WalletInvestor and TradingBeast doubt that the THORChain market will grow in 2026, predicting the price drop to $0.1058 and $0 by the end of the year respectively. Other THORChain price forecasts support the idea: PricePrediction.net forecasts THORChain to fall down to $0.057607 by December 2026.
Potential ROI: -97% Sell

THORChain Price Prediction for 2030

Most experts are expecting a bleak future for THORChain: long-term THORChain price predictions promise significant decline by 2030. PricePrediction.net predicts the price to reach $0.268831, while WalletInvestor goes down for $0.14283. TradingBeast also puts not so big hopes on THORChain in the long term: its THORChain prediction for 2030 is $0.
Potential ROI: -93% 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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