Story Highlights
- The live price of Rune token is $ 3.32958471.
- The RUNE price may reach a high of $6.82 by the end of 2023.
- With a potential surge the price of THORChain may reach a high of $29.22 by the end of 2030.
The year 2021 was a milestone year for several altcoins. Many altcoins skyrocketed due to a confluence of factors. One such coin which made headlines in the market with its overall performance was THORchain’s RUNE.
The crypto space welcomes such coins which can adapt to the rapidly varying market conditions. THORChain has shown such behavioral to adapt quickly to market volatility carrying various services in its bag.
THORChain is built on Cosmos SDK, which keeps the network safe from possible hacks. RUNE is the native token of the platform. The network is not profit-oriented, fees generated by the protocol will be incentivized by simply holding RUNE.
Amazed by the benefits that THORChain offers to its token holders? Look no further, as this write-up will illustrate the feasible price predictions for 2023 and the years to come.
Overview
| Cryptocurrency | THORChain |
| Token | RUNE |
| Price | $ 3.32958471   10.45% |
| Market cap | $ 1,127,116,420.9378 |
| Circulating Supply | 338,515,617.0000 |
| Trading Volume | $ 263,648,558.2246 |
| All-time high | $21.26 on 19th May 2021 |
| All-time low | $0.007939 on 28th September 2019 |
| 24 High | $ 3.4850 |
| 24 Low | $ 3.0200 |
*The statistics are from press time.
RUNE Price Prediction November 2023
The RUNE price was seen trading in a consolidated range between $1.710 and $2 for a period, following which the price lost momentum and broke down. The price then traded in a closed range between $1.494 and $1.710 for over a week.
After this, the market experienced a massive price action, resulting in the coin breaking out of its important level at $2.410. The price continued to gain value and broke out of multiple levels at $2.785 and $3.030. The price was then rejected at $3.420 and has been hovering close to it since.
The MACD displays a constant green histogram, indicating a massive ongoing price action for the coin. Further, the averages show a rise in the chart, suggesting the price to continue gaining value in the coming days.
If the bulls gain power and break out of the resistance level at $3.420, the price will make a run to test its upper resistance level at $3.60 soon. Further, if the market continues to hold the price at that level, it will continue to rise and test its resistance level at $4 in the coming time.
Conversely, if the bears overpowered the bulls, the price will lose momentum and fall to test its support level at $3.030. Moreover, if the bears continue to dominate the market, they will fall further and test their lower support level of $2.785 this month.
THORChain Price Prediction 2023
The THORChain price was seen trading in a consolidated range for a brief period, following which the price displayed significant price volatility. The price struggled to break out of its important resistance level at $2 as the bulls constantly failed to hold power, indicating a strong bearish influence in the market.
Following the market pump, the price gained massive momentum and broke out of its resistance level at $2, after which the bulls lost power and the price plunged. The coin recently made another attempt and successfully managed to break out of it, resulting in the price gaining value and breaking out of multiple resistance levels.
The MACD displays a rising green histogram, indicating the price undergoing a massive price action presently. Further, the averages show a sharp rise in chart, suggesting the price to continue gaining significant value in the coming time.
With many updates underway, and provided favorable market conditions the price could skyrocket to $6.82 by 2023.
However, if bears rule the market then the price could plunge below $2.57. With average buying and selling pressures, the price might trade around $4.64 by the year’s end.
THORChain Price Prediction 2023 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 2.57 | 4.64 | 6.82 |
| 2024 | 5.99 | 7.23 | 8.47 |
| 2025 | 7.38 | 9.51 | 11.65 |
| 2026 | 11.21 | 13.07 | 14.93 |
| 2027 | 13.86 | 15.62 | 17.38 |
| 2028 | 16.66 | 18.42 | 20.19 |
| 2029 | 19.74 | 22.30 | 24.86 |
| 2030 | 22.14 | 25.68 | 29.22 |
RUNE Price Prediction 2024
If the crew behind THORChain releases vital updates and announces major collaborations. The price of RUNE holds the potential to shoot to a maximum of $8.47, amidst Bitcoin’s halving event.
Contrarily, if the protocol fails to commit to its expectations could call for liquidation, which could knock the price down to $5.99. Successively, the average price can settle at $7.23.
THORChain (RUNE) Price Prediction 2025
RUNE is more of a community-driven network, which might put the bulls on the cards for the altcoin. In the coming years, if it manages to maintain a similar technology. It can move at decent figures even though there is not much development poised. By the end of the next five years, RUNE might trade at a maximum of $11.65.
A major concern about the network is the liquidity, and if investors fail to keep up the levels. It might even end up getting delisted from prominent exchanges. In such conditions, with FUD, the token price might knock out at $7.38. Consequently, the price could settle at $9.51, if the network does not come across any major impetus.
THORChain Price Prediction 2026
According to forecast prices and technical analysis, THORChain’s price is projected to reach a minimum of $11.21 in 2026. The maximum price could hit $14.93, with an average trading price around $13.07.
RUNE Crypto Price Prediction 2027
Looking forward to 2027, RUNE’s price is expected to reach a low of $13.86, with a high of $17.38 and an average forecast price of $15.62.
RUNE Token Price Prediction 2028
In 2028, the price of a single THORChain is anticipated to reach a minimum of $16.66, with a maximum of $20.19 and an average price of $18.42.
THORChain Price Prediction 2029
By 2029, RUNE’s price is predicted to reach a minimum of $19.74, with the potential to hit a maximum of $24.86 and an average of $22.30.
RUNE Price Prediction 2030
In 2030, THORChain is predicted to touch its lowest price at $22.14, hitting a high of $29.22 and an average price of $25.68.
What Does the Market Say?
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | $0.263 | $0.2085 | $0.371 |
| priceprediction.net | $1.09 | $1.62 | $2.30 |
| DigitalCoinPrice | $6.68 | $8.58 | $12.27 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
CoinPedia’s RUNE Price Prediction
THORChain has been performing with rapid bulls for quite some time with Joke currency fanfare. With the introduction of new technologies, RUNE’s price is expected to reach new highs.
An increase in FOMO equals to increase in surge levels. According to CoinPedia’s formulated THORChain Price Prediction, if the above scenario arises, then RUNE might hit maximums and new peak at $6.82 by the end of the year.
Any new regulations from the country can stake the coin’s future. Also, if the social background for the coin disperses, then the price can entangle into a bearish hook. And might even fall to $2.57.
Fundamental Analysis
As per the reports THORChain has no founder, no CEO, and no directors. The development measures will be taken care of by Gitlab. An official Twitter handle of THORChain stated that self-organized developers work through Gitlab, and know better what to build.
Initially, the THORChain platform was funded via an initial DEX offering (IDO) which launched with the Binance DEX in July 2019. Its mainnet was launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021.
The BiFrost Protocol (BFT) enables interoperability between chains. Interoperability acts as the basics of the ecosystem without which the entire ecosystem will fail. BFT confirms the trust and security of the platform and avoids double-spending and other malicious behavior’s. THORChain solves blockchain scalability issues via the Yggdrasil protocol. Aesir protocol serves as the governance token, it ensures a cost-effective on-chain governance mechanism.
What Is THORChain?
THORChain is a decentralized cross-chain liquidity protocol. Which facilitates traders to exchange various cryptocurrency assets across a wide range of networks without losing full custody of their assets in the process. Moreover, the network allows traders to swap crypto assets in a permissionless way, without the use of order books to source liquidity.
THORChain ecosystem has its own native token RUNE. The token is available across multiple blockchains, including Ethereum as an ERC-20 token and Binance chain as a BEP-20 token. Basically, THORChain is a Proof-Of-Stake blockchain, aimed to serve basically four important functions within the network’s ecosystem: Security, Governance, Rewards, and Liquidity.
Network validators stake RUNE to ensure the security of the network. In the liquidity pools, every token is bonded to RUNE, which creates the required liquidity to conduct swaps. Liquidity providers and validators can claim their rewards in the form of RUNE tokens. In addition to this, the THORChain platform allows the traders to govern their assets without any middleman and without extra charges.
Historical Market Sentiments 2019 – 2022
- Although the coin was found in 2019, it never saw a considerable price rise and remained negligible until November 2020.
- After being listed by renowned exchanges, by December 2020. It reached its first price of about $1.0315 and surged quickly to $2 by January 1st, 2021.
- RUNE started trading at $1.366 and spiked by 400% reaching $4.66 by Mid-March. With huge price gains in the month of April, the price skyrocketed to ATH $20.31 on 18th May 2021.
- As a result of the market collapse on May 19th. The price dropped at the same rate plunging back to $3.83 by 25th July.
- The RUNE price regained positive momentum in late July. With a continued uptrend, the price traded around $7.46 until the end of September. RUNE almost doubled in its price from just $7 to $15 on November 2nd.
- As the bears started to dominate the market from November, RUNE’s price ended up trading at $6 by the end of 2021.
- THORChain’s 2022 trade had begun with sensible gains, and a price tag of $6.786.
- A surge until the 5th of January, took the price to $8.208. But a downswing took the price to $5.791, by the 11th of January.
- After hovering closer to the levels until the 4th of February. A leg-up helped the price breach $5.080, by the 8th of February.
- But FUD in the business prevailing from geopolitical tensions, amongst others led to the monthly closure at $3.752.
- The second quarter was a rough thoroughfare for THORChain, as it was for the majority of crypto assets in the business. The altcoin had a steep fall in Q2, it had lost over 88% of its gains.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
FAQs
Yes, according to the predictions it is good to invest in THORChain. The long-term earning potential is considerably high.
There is no minimum or maximum time or amount. Join and leave whenever you wish.
You can use all wallets that support BEP2 tokens such as Atomic Wallet, Trust Wallet, and Ledger Wallet. With the Binance Chain app, Binance Chain wallet (binance.org ) etc…
The RUNE price could possibly go as high as $6.82 by the end of 2023.
The highest price of RUNE could be about $11.65 by the end of 2025. With a potential surge, the price may go as high as $29.22 by the end of 2030.
At the time of publishing, price of RUNE token was $3.38.
RUNE
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Source: https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/