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Live RUNE/INR Price
₹59.47
0.18%
Price Changes
₹0.11
0.18%
24h Low
₹58.3
24h High
₹61.16
Quantity
RUNE
Price
INR
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THORChain is a blockchain platform that allows users to swap cryptocurrencies across various blockchain networks without intermediaries. The platform’s main focus is to create bridges between blockchains and enable non-custodial, frictionless, and decentralized swaps. It is powered by its native token RUNE which facilitates cross-chain trades and governance and incentivizes liquidity providers.
THORChain (RUNE) was founded by anonymous developer/developers in 2018.
• Cross-chain swaps: One of the primary features of the THORChain network is its decentralized, cross-chain swaps with different blockchain networks without using wrapped tokens or intermediaries.
• RUNE token: RUNE token has several utilities within the ecosystem such as paying fees within the network, reward liquidity providers, and staking to secure the network and also earn staking rewards.
• Liquidity providers: On the THORChain network, users can provide liquidity in native assets like Bitcoin or Ethereum and earn fees for facilitating trades.
• Non-custodial: THORChain is non-custodial, meaning users have full control of their assets throughout the swapping process.
RUNE is the native currency of the THORChain Network, a decentralized protocol that can provide liquidity to different platforms. The token was launched in 2019 and has been around in the crypto market for over 4 years, establishing itself as a prominent cryptocurrency. As of September 2024, RUNE ranks at #52 with a market cap of $1.33B. The token has a trading volume of $140.77M, ranking at #41 in the overall trading volume. It has an all-time high of $21.26, recorded on May 19, 2021. Technical experts predict the token to trade around $20.22 by 2030, making it a promising crypto.
Download the CoinSwitch app to invest in RUNE.
• RUNE can be bought and sold from crypto exchanges.
• Token holders can stake their RUNE tokens to secure the THORChain network and earn passive rewards.
• RUNE token holders can participate in the governance of the protocol.
• RUNE token is used to pay fees within the platform and to reward liquidity providers.
• THORChain Network enables decentralized, cross-chain swaps with different blockchain networks.
• THORChain is non-custodial, so users have full control of their assets.
• Users can earn RUNE tokens by providing liquidity to the network.
• RUNE is subject to market volatility which may impact its price.
• In 2021, the THORChain Network suffered a hack, raising concerns about its safety.
• The concept of cross-chain swaps might be difficult to understand for novice crypto traders.
• To trade in THORChain (RUNE), download the CoinSwitch app.
• You can start with as low as ₹100.
• Trade cryptos like RUNE at a nominal fee with CoinSwitch.
THORChain had an Initial DEX Offering (IDO) instead of an Initial Coin Offering (ICO), where RUNE tokens were distributed through a decentralized exchange. IDO, as the name suggests, is a type of crowdfunding conducted on decentralized exchanges (DEX) where participants can acquire tokens using established cryptocurrencies. THORChain raised $1.5 million in its IDO which was conducted in July 2019.
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1. What is the THORChain (RUNE) coin?
THORChain (RUNE) is a decentralized liquidity protocol that enables users to swap assets across different blockchains without the need for intermediaries. It facilitates cross-chain trading by providing liquidity pools that support various cryptocurrencies, including Bitcoin and Ethereum. The RUNE token serves as the native asset of the THORChain network, providing security and incentivizing liquidity providers. As more assets are deposited into the protocol, the value of RUNE is designed to increase, making it integral to the platform’s functionality.
2. How does THORChain (RUNE) cryptocurrency work?
THORChain (RUNE) operates as a decentralized liquidity protocol, allowing users to swap native assets across various blockchains such as Bitcoin and Ethereum. The protocol utilizes liquidity pools, where users provide assets and receive rewards in RUNE. Each pool requires a 1:1 ratio of RUNE to the asset being pooled, which ensures liquidity and stability. RUNE acts as the settlement asset for all transactions within the network, facilitating trades and incentivizing liquidity providers. Additionally, RUNE holders can participate in governance decisions and earn rewards through liquidity provision.
3. Is THORChain (RUNE) safe?
The safety of THORChain (RUNE) as an investment and platform is subject to various factors. On one hand, THORChain provides a decentralized liquidity network that allows cross-chain swaps, which offers unique benefits for users. However, there are concerns regarding its reliability and security, as highlighted by discussions around risks and potential flaws in the network. Users should consider their risk tolerance and the project’s past performance before investing.
4. Is THORChain (RUNE) a good investment?
THORChain (RUNE) may be considered a good investment option due to its unique position as a decentralized liquidity protocol that facilitates cross-chain asset swaps. Analysts have suggested that RUNE could experience significant price appreciation, with predictions indicating potential values of $1.55 in the near term, increasing to around $4.82 by 2025. Additionally, some discussions highlight its growing utility in the decentralized finance (DeFi) space, which can enhance its attractiveness for long-term investors. However, potential investors should consider market volatility and their own risk tolerance.
Highlight
THORChain is a decentralized cross-chain protocol that can provide liquidity to different platforms.
RUNE Price Today
RUNE Price
₹59.47
Price Change 24h
0.18%
Price Change 7d
4.87%
Market Rank
#125
Market Cap
₹1,787 Cr.
Trade Vol 24h
₹41 Cr
Circulating Supply
₹33 Cr. RUNE
Trading Activity
40% Buy60% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
