THORChain (RUNE) Ready For 20% Climb Before Next Correction

Cross-chain exchange THORChain (RUNE) price registers a gain of 8.12% seen in the past two days. Amazingly, RUNE price maintains its bullish streak as it sprints above the rising parallel channel pattern.

Timeline of Thorchain

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. RUNE saw a convincing reversal from the 23.6% Fibonacci level over the last day.

RUNE coin pumps 18% as ThorChain deactivated the non-native tokens option and the variants based on BEP-2 and ERC-20 are being swapped out for the native coin after the mainnet launch last month so let's read more today in our latest altcoin news.

THORChain [RUNE] has finally rolled out its native blockchain network which has been in the works for more than four years. The RUNE cryptocurrency, which will be native to the new blockchain, registered a healthy uptick in the days leading up to the launch.

The cross-chain liquidity protocol THORchain (RUNE) has finally achieved mainnet status after four years of development. The post THORchain achieves mainnet status as “a fully functional, feature-rich protocol” appeared first on CryptoSlate.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A pattern with Bitcoin's price action and the FOMC meetings suggested that Bitcoin could see a bounce toward $45k over the next month.

Thorchain's native cryptocurrency RUNE is off to a healthy start this month given that it is already up by roughly 10% in the first two days of May. A refreshing change from RUNE's heavily bearish performance in April.