Trader Updates Outlook on Crypto Asset That's Up Over 60% This Month, Says One Altcoin's Uptrend Is Still Strong

A crypto trader is updating his outlook on one altcoin that is soaring this month as the broader digital assets market dips. Pseudonymous trader Altcoin Sherpa tells his 196,300 X followers that the decentralized cross-chain liquidity protocol THORChain (RUNE) has more room to run after a bounce off of a key Fibonacci retracement level.

Timeline of Thorchain, Unibot-eth

Within the dynamic cryptocurrency environment, THORChain (RUNE) has emerged as a notable altcoin, capturing the interest of investors who are actively pursuing methods to augment the diversification of their investment portfolios. In conjunction with the established entities such as Bitcoin and Ethereum, the cryptocurrency market has experienced significant growth with a diverse range of alternative coins, each presenting unique attributes and prospective prospects.

The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%.

THORChain fundamentals and user traction are strengthening, according to a recent report. However, the same cannot be said for the network's native token RUNE which remains in the digital doldrums.

A new Telegram trading bot crypto project has ripped by more than 124% this week after it opened up a new trading terminal for early access. Unibot (UNIBOT), which bills itself as “the Fastest Telegram Uniswap Sniper,” hit its all-time high of $195 at one point on Thursday evening.

In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds.

Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used THORChain and Swft bridge to conceal their ill-gotten gain, according to blockchain sleuth MistTrack.

THORChain [RUNE], the decentralized liquidity protocol, announced that its network could be prone to vulnerabilities on 28 March. Tweeting with respect to the development, the pseudonymous developer and infrastructure specialist of the project Pluto9r, said that it received “credible reports” about the possibility.

A top-100 decentralized finance (DeFi) crypto project is recovering after enduring a 20-hour network outage due to a technical error this week. THORChain (RUNE), a decentralized cross-chain liquidity protocol, announced on Thursday afternoon that its chain had halted. On Friday morning, the project said the network was operational again after a 20.5-hour outage.

THORChain, after several hours of trying to fix an ongoing problem on their network and offering updates to its customer base, has finally announced that their network is now fully operational again. The firm gives a couple of reasons to what could have caused the problem.

Cross-chain swap protocol Thorchain is back online after a software error halted the network for 20 hours. The post Cross-chain swap protocol Thorchain back online after 20-hour outage appeared first on The Block.