THORChain (RUNE) rallies 35% as the entire DeFi sector turns bullish
Successful cross-chain integrations, a thriving community and renewed interest in DeFi projects back THORChain’s current rally. In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’. As historical data shows, these altcoin breakouts typically occur after Bitcoin (BTC) enters a consolidation phase after a sharp rally similar to the one the maket has witnessed over the past three weeks. For many of the recent top movers, technical analysis....
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Despite mainly being in the red, there were a few notable big movers in crypto markets on Friday. Initially, STX was one of them, climbing by as much as 36%, before giving up all of these gains. However, RUNE and KDA managed to sustain gains.
Thorchain (RUNE)
Thorchain (RUNE) rose for the second time in the last three days, as it continues to move towards entering the cryptocurrency top 50.
Following a low of $4.82 on Thursday, RUNE/USD rose to an intraday high of $:$6.27 today, which is its highest level since January 17.
As of writing this, RUNE is....
RUNE, native token of the cross-chain decentralized exchange THORChain, is currently one of the best-performing cryptocurrencies in the market, boasting of a 31.5 % price increase in the last 24 hours. Based on data from Coingecko, this price gain only underlines the remarkable bullish form of RUNE in the past few weeks, as the token is up by 115.0% and 212.3% on the 14-day and 30-day charts, respectively. Interestingly, this sustained bullish pressure in the RUNE market has resulted in the DeFi coin attaining a new yearly high of $5.31 and a peak daily trading volume of $1.28 billion.....
QNT climbed over 10% during today’s session, as RUNE and ALGO both rose by as much as 15% on Friday. This comes as cryptocurrency markets were trading nearly 4% higher as of writing this, as markets began preparing for the weekend’s action.
Thorchain (RUNE)
Thorchain (RUNE) was one of the biggest gainers on Friday, and was at one point nearly 15% higher, before gains somewhat eased throughout the day.
Following a low of $7.96 on Thursday, RUNE/USD rallied to an intraday high at $9.52 during today’s session.
Today’s peak was....
RUNE and its entire ecosystem is showing a few bullish signs, resulting in a 74% rally ahead of a long-awaited mainnet launch and recent integration with Terra. 2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022.Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol's recent integration with the Terra and Cosmos ecosystem, an upcoming....
Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red. Avalanche (AVAX) was one of these cryptocurrencies trading lower on Monday, and fantom (FTM) fell by close to 10% on the day as well.
Thorchain (RUNE)
While cryptocurrency markets have been mainly lower over the past week, thorchain (RUNE) has climbed by almost 70% in that same period.
Following a low of $6.15 on Sunday, RUNE/USD rose past its resistance of $6.60 to start the week, climbing to its highest level since January 12 in the....