Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

RUNE Up 17% After Talks Of Major Partnership Hit The Market – Details

Share This Post

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform.

Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNE’s movement in the future. 

Big Things To Come In The Future For RUNE

According to X user Rayyk, the OKX has been using ThorChain infrastructure to facilitate transactions in recent months. Metrics-wise, OKX’s use of Thorchain is primarily in swaps, making the latter a vital part of OKX’s swap volume. 

In Rayyk’s thread, OKX and ThorChain’s swap volume reached 20 million within just one week, showing ThorChain’s reliability despite the high volume. ThorChain’s capabilities in swaps involving Bitcoin complement OKX’s support for Bitcoin-based features like ordinals and BRC-20 tokens. 

Swell, a new staking platform, also recognized this capability. According to their announcement post about their newly launched swBTC, ThorChain will be used for native BTC swaps. 

These are not the only things that ThorChain is currently involved with. In a recent interview, ThorChain lead @jpthor was asked about the platform’s new project. When asked about Tron’s possible integration, he replied: “Look, all I can say is a Telegram chat has opened, and once a Telegram chat is open, it is a group chat, it’s getting done.”

RUNE Will Continue To Rise Because Of These Factors

RUNE is currently on a great support level as it continues to rise amidst the bullishness the market is experiencing. At its core, the token is trading between the $3.5-$3.8 price range which may come in handy in the coming days.

RUNE will break through in the coming days as the hype continues to push investor confidence at its highest. With the market continuing its upward momentum in the coming days, investors and traders should be able to get massive gains.

The current trading range also opens up $4.4 for retaking in the long term. However, if the market does a reversal and loses the bullish momentum it has, RUNE might fall to the $3 price floor. 

For now, investors and traders should be able to accumulate in the long term with open opportunities on-chain and on the market for massive gains. 

Featured image from Pexels, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

The Best Crypto Wallet for Gambling Daredevils – by BetUS

This content is provided by a sponsor The world of online gambling is rapidly evolving, with cryptocurrency leading the charge Offering unmatched speed, enhanced security, and global accessibility,

Galaxy CEO Novogratz Sees Imminent Bitcoin Breakout To $130,000

A week of steady closes above the psychologically potent $100,000 mark has sharpened Mike Novogratz’s conviction that Bitcoin is once again approaching escape velocity Speaking on the latest

SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins

The post SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins appeared first on Coinpedia Fintech News Bitcoin is currently holding above $103,000, and despite the recent rally, retail

The Best New Crypto to Buy as Robbie Ferguson Says Web3 Gaming Could Triple Crypto DAU

Immutable’s Robbie Ferguson declared that the Web3 gaming sphere could triple its Daily Active Users (DAU), following an analysis of the modern gaming world The best new crypto to buy today is one

Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens

The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers Last week, the

Altcoin Season About to Begin? Here’s Why Crypto Experts Think So

The post Altcoin Season About to Begin Here’s Why Crypto Experts Think So appeared first on Coinpedia Fintech News Bitcoin has been leading the crypto market for months, but that might be about to