What is Thorchain?
Thorchain is decentralized finance (DeFi) Project that has lightning fast cross-chain liquidity network. The platform offers instant swap of cross chain digital asset exchange without any centralized exchange entity. The project is focusing on interoperability, scalability and unlimited liquidity to the decentralized exchange system.
The project offer lending and borrowing of crypto asset and also allows to run node that earns 2/3rd of system income, however node churns after every 3 days. it also allows staking that will help user to become liquidity provider by entering into liquidity pool to earn transaction fees and block rewards. the platform uses proof of stake consensus mechanism an
RUNE essential token of the Thorchain ecosystem, where it token is required to complete token swap between two assets, to run validator node to earn block rewards, to stake in liquidity pool. However, Thorchain introduced continuous liquidity pool, which is unique concept that ensure most of asset will always available for exchange or swap on the network.
Thorchain Price Prediction
|Month & Year||RUNE Price Prediction|
|All-time high||$0.71 USD|
|Exchange Platform||Binance, Bitmax, MXC, Binance DEX, Eterbase, FTX, Hoo, Bilaxy.|
|Wallet||Ledger, Atomic Wallet|
RUNE ICO Overview
|Raised by||$700,000 USD|
|Date of ICO||20 July 2019|
|ICO Price||$0.038 USD|
|Partners||Swish., Masternode Ventures, Chainfuel, Synthetix, FTW, Ankr, Matic.|
RUNE Price Analysis
The performance of Thorchain after surface in 2019 was incredible, where it manages to dram run after the listed in 2019, Rune was surged by almost 288%. In 2020 after following neutral trend till march 2020, it started surging with bullish trend where it rises from $0.054 USD to $0.069 (2020’s best average price), where it witnesses 1120% price growth in less than 5 months. Thorchain has dream run in this year and also enter into top 100 largest crypto list. now after reaching to $0.50 USD now next target to achieve will $1 USD that is possible may be in 2020 year.
Thorchain prices started pushing to bullish trend that happened after mainnet launch and BEPSwap launch, so the network already successful in what they are planning to bring to user and developers. so, after having no limit on staking on Rune token the more user participate in running node.
Can RUNE Reach $10 USD?
Yes, Probably after 4 to 5 years from now
How Much RUNE Worth in 2030?
Most expected to trading at price $25 USD.
How High Thorchain Can Go?
Probably cross $1 USD in 2020.
Is Thorchain a Good Investment?
Yes, the project has strength to become next biggest DeFi Project.
Thorchain is multi-chain project, where every layer represents different asset and blockchains. the platform ensures fast swapping between two asset on-chain without compromising security. Thorchain introduced RUNEVault that enable user to earn weekly passive income by HODL RUNE Token that will last until BEPSwap on binance chain. the network trying to match Cosmos validator node count of 1000 active validator for maintain ecosystem liveness. However, BEPswap will be first ever DeFi App on the binance chain that will be profitable for crypto users and Binance user for instant swap.