ThorChain Price Prediction: Can RUNE Coin Reach $100?

January 29, 2024

Price Prediction

Amrit Korpal

One of the Top 50 blockchains on the market is ThorChain. Explore the origins of ThorChain that functions as a bridge across blockchain networks by facilitating cross-chain swaps without the need for token wrapping. This project with its native coin RUNE that was initially launched on the Cosmos network before moving to its own mainnet, is currently compatible with nine different blockchain networks. Discover ThorChain price prediction in StealthEX’s latest article.

ThorChain (RUNE) Overview

Thanks to its AMM-based protocol, ThorChain offers the fundamental technology to seamlessly swap cryptocurrencies between blockchain networks that were previously thought to be incompatible. In its essence, it’s a Layer-1 network that has its roots in Tendermint and the Cosmos SDK. Threshold Signature Schemes (TSS) are utilized by the network to strengthen its leaderless asset vault. Tendermint and TSS bring a layered Byzantine Fault Tolerance (BFT) consensus mechanism into play, ensuring that a two-thirds majority consensus is mandatory for any funds to enter or exit the primary TSS vault.

The project was founded by Eric Voorhees in 2018, initially launched on the Binance network, and supports multiple blockchain networks. At its foundation, ThorChain enables smooth multi-chain asset switching, allowing users to transact across many blockchain networks. But ThorChain’s protocol’s architecture and capabilities go much beyond this basic purpose. The platform offers opportunities such as self-paying loans, composites, synths, and much more. RUNE is the native cryptocurrency of Thorchain. RUNE tokens are used by Thorchain users to participate in the network and to pay for the swap and transaction fees for RUNE pairs. RUNE has a wide range of utilities, including ThorChain incentives and network governance

ThorChain Features

ThorChain (RUNE) offers a number of features within the crypto space. These are:

1. Interoperability. ThorChain supports interoperability, allowing users to exchange crypto tokens between blockchains. A user, for example, can convert ETH to BTC and vice versa. This is done in a non-custodial manner; centralized exchanges perform cross-chain trading, whereas most decentralized exchanges do not. ThorChain was created to address this shortcoming on DEX by addressing the issue of cross-chain trading.
2. User privacy. Since ThorChain is a non-custodial exchange, no registration and KYC are required. A user can simply connect their decentralized wallet to ThorChain, send a transaction and ThorChain will execute it.
3. Transparent prices. ThorChain ensures decentralized fair and transparent pricing in cross-chain trading.
4. Continuous liquidity pools. ThorChain has the feature of a continuous liquidity pool, which increases the protocol’s efficiency. The asset ratio in a pool maintains market prices in ThorChain.

ThorChain (RUNE) Price History Highlights 

• 2019: RUNE started trading in 2019. At first, the token was offered for sale in private for about $0.07. In July 2019, public trading began at approximately $0.74. For the remainder of 2019, RUNE’s price showed little movement, similar to most crypto assets.
• 2020: The token rose from 1 cent to 7 cents by the start of 2020, but its market capitalization rarely budged above $10 million.
• 2021: Early in 2021, as interest in the larger DeFi space increased, things began to heat up. RUNE surged on the strength of growing trading volumes and favorable attitude surrounding ThorChain, climbing from $1.5 in January to over $12 by April 2021. However, the surge was halted by a series of security breaches in the ThorChain network during summer 2021. As a result, RUNE’s price fell sharply by 70% in July and August, from $20 to less than $6.
• 2022: The price of RUNE slumped again, in line with the broader crypto downturn in 2022.
• 2023: In 2023, RUNE started slowly increasing in price. On December 23, 2023 the open price of THORChain was $5.38.
• 2024: At the moment, in January 2024, it costs around $4-5.

ThorChain (RUNE) Price Chart

CoinMarketCap, 29 January 2024

ThorChain Price Prediction

ThorChain Price Prediction 2024

DigitalCoinPrice experts expect the price of RUNE to go up in 2024. According to their estimations, RUNE coin’s price might go as low as $3.5 (-10%), while its maximum price can reach $8.57 (+119%).

PricePrediction crypto analysts believe that RUNE coin will considerably rise in price this year. Its minimum low can reach $5.87 (+50%), while at its maximum RUNE crypto will rise to $7.19 (+84%).

WalletInvestor crypto experts think that in 2024 RUNE will definitely go beyond its current price levels: it can drop to $4.583 (+17%), while at its peak it can go as high as $10.504 (+169%).

ThorChain Price Prediction 2025

According to DigitalCoinPrice, the price of RUNE will continue to rise. Based on the experts’ predictions, in 2025, RUNE might reach $10.08 (+158%) per coin at its highest point. Its lowest price might drop to $8.37 (+114%).

Based on the experts’ forecasts at PricePrediction, in 2025, RUNE crypto can go as high as $10.26 (+163%) as its lowest price might drop to $8.89 (+127%).

CoinMarketCap analysts believe that RUNE coin is anticipated to reach a maximum price of $6.09 (+56%), while at its low it can drop to a price level of $5.34 (+36%).

ThorChain Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, RUNE coin will jump in price: its maximum price level is expected to be around $29.18 (+648%), while its minimum price will drop to $26.28 (+573%).

According to PricePrediction, in 2030 RUNE coin will skyrocket. They believe that RUNE might see a lowest price of $61.05 (+1,465%), while at its peak it might reach $71.04 (+1,721%).

According to CoinMarketCap forecasts, RUNE has the potential to reach a maximum price of $14.11 (+261%) per coin, while at its bottom it can hit $13.27 (+240%).

ThorChain Price Prediction 2040

Telegaon believes that by 2040 RUNE crypto will cost a whopping $140.52 (+3,503%) per coin. It can also drop in price to a minimum of $105.21 (+2,597%).

ThorChain Price Prediction: Experts’ Opinions

Citing data from Galaxy research, Litest announced on January 3, 2024, that ThorChain witnessed a significant spike in transaction volume. ThorChain has handled an astounding $4.82 billion worth of cross-chain transactions in the last month. This outperforms the Inter-Blockchain Communication (IBC) protocol of Cosmos, which saw $3.35 billion in transactions over the same time frame. The information demonstrates how ThorChain is establishing itself as a major participant in the blockchain ecosystem and demonstrates its expanding importance in the cross-chain transaction arena.

Industry insiders have differing opinions about how much ThorChain will eventually cost. Bullish projections state that by the end of 2024, the price of RUNE will have increased by 71% to $7.63. This bullish view is supported by conjecture about an impending market rebound and the increasing activity on the ThorChain network. Many experts, such as CryptoNewsz, believe that by 2030, RUNE coin will end up costing at least $25.24 at its highest point.

RUNE USDT Price Technical Analysis

Tradingview, 29 January 2024

Now that we’ve seen possible price predictions for RUNE, let’s find out a bit more about the factors that can influence its price and position on the market.

Factors Affecting RUNE Coin Price

Many factors could affect the RUNE crypto price. Currently, only 30% of the Synthetic Assets and Protocol Owned Liquidity (POL) can be filled with ‘synthetic assets’ with a plan to increase this limit to 50%. Along with this, ThorChain also plans to activate Protocol Owned Liquidity (POL). This means the system will have some control over part of the assets in the pool. This control can help make the pool more stable and less prone to big fluctuations.

Additionally, ThorChain has recently integrated the BNB Smart Chain, improving its utility. This integration allows users to provide liquidity and swap using BNB and BEP-20 assets, expanding the network’s capabilities and potentially attracting more users.  The support for BNB Chain through BNB Smart Chain and BEP-20 assets builds on ThorChain’s existing infrastructure, which initially operated using BEP-2 assets. This expansion could further solidify ThorChain’s position in the market. Moreover, integrating new wallets and decentralized exchanges with ThorChain’s DEX Aggregator could increase accessibility and usability. The potential involvement of centralized exchanges using ThorChain’s infrastructure is another bullish indicator. The platform also plans to offer overcollateralized lending with no liquidations, expirations, or interest. Still under testing and awaiting a final node vote, this feature could revolutionize how users interact with ThorChain.

When assessing RUNE coin as an investment, keep the following considerations in mind:

• Technical developments.
• Partnerships and collaborations.
• Market sentiment and the overall growth of the market.
• Expanded asset support.
• Regulatory landscape.
• Lending and borrowing features.
• Utility.

Risks and Opportunities

RUNE’s price has increased significantly, however not without instability. That’s a little ironic, given that the project aims to stabilize and reduce cryptocurrency volatility. ThorChain can grow significantly by adding hundreds or even thousands of chains because it is not dependent on any one blockchain. Everything depends on what the RUNE community desires. Moreover, ThorChain’s decentralized nature means that it is not controlled by any single entity, which aligns with the ethos of blockchain technology: promoting a more democratic and transparent financial system.

The direction of Web3 and DeFi is greatly influenced by platforms such as ThorChain, as they develop and grow further. One major step towards a more connected and user-friendly crypto environment is the capacity to trade securely and effectively across several blockchains. Any blockchain technology carries some dangers and difficulties, but ThorChain and the RUNE currency stand out for their inventiveness and promise as significant contributions to the development of decentralized finance. However, it’s true that due to the coin’s high volatility, risks should always be accounted for.

How Much Will RUNE Cost in 2024?

According to DigitalCoinPrice, RUNE coin can rise in price to $8.57.

What Will RUNE Be Worth in 2025?

According to DigitalCoinPrice, its price can rise to $10.08.

Can RUNE Reach $100 Dollars?

THORChain would need to gain over 2,000% to reach $100. It could hit $100 long after 2030.

Can ThorChain Reach $1000?

It is possible, but in a very distant future, closer to 2050.

How High Can ThorChain Go?

Predicting the exact peak of ThorChain (RUNE) is challenging due to crypto market volatility. However, with ongoing network developments and market trends, the optimistic scenario could be around $30 by 2030.

Conclusion

ThorChain is a large project that has a lot of potential once it launches and is prepared to overtake the existing centralized exchanges and DEX in terms of market share. The market can anticipate higher adoption rates the more assets it can add and the more liquidity it can offer. All things considered, it seems to have solid growth potential. However, with the constantly changing crypto landscape, new horizons for ThorChain remain yet to be discovered.

Where and How to Buy RUNE Coin: Quick-Step Guide

StealthEX is here to help you buy RUNE if you’re looking for a way to invest in this cryptocurrency. You can buy RUNE privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, ETH to RUNE.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.