ThorChain Price Prediction: Can RUNE Coin Reach $100?

July 3, 2024

Price Prediction

Amrit Korpal

ThorChain is one of the leading decentralized exchanges on the crypto market. This project that was initially launched on the Cosmos network before moving to its own mainnet, is currently expanding interoperability within the crypto space by adding more compatible chains to its portfolio. How will THORChain and its native token RUNE develop in the future? Discover the THORChain price prediction in StealthEX’s latest article.

THORChain (RUNE) Overview

One of the biggest advantages of THORChain is that it’s capable of making direct swaps between different Layer-1 blockchains thanks to its AMM-based protocol. THORChain in itself is a Layer-1 network rooted in the Cosmos SDK and Tendermint. The network employs Threshold Signature Schemes (TSS) to fortify 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.

RUNE coin 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, network governance, and more.

THORChain was founded by a group of developers at the Binance Dexathon in 2018. Because the company’s founders and developers have generally stayed unidentified, the THORChain community has taken on a significant role in its public image. Some of the known founders are Jonathan Carr-Harris and Eric Voorhees.

THORChain Features

THORChain offers a number of features within the crypto space:

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 Chart    

CoinMarketCap, July 3, 2024

RUNE Coin 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: During the bullish market in March, THORChain reached $10.62. It has since fallen in price and right now hovers between $4 and $5.

THORChain Price Prediction

RUNE Crypto Price Prediction 2024

DigitalCoinPrice experts are of the opinion that in 2024 THORChain token can fall below its current price, to $3.8 (-10%), while at its highest point, it can reach $9.33 (+119%).

PricePrediction crypto analysts believe that in 2024 RUNE token will cost $5.64 (+32%) at its low, while at its maximum RUNE might reach $6.46 (+52%).

Telegaon analysts give a more optimistic forecast for RUNE: at its minimum in 2024 it can hit $12.29 (+189%) or it can reach a maximum price of $22.33 (+425%).

THORChain Price Prediction 2025

According to DigitalCoinPrice, THORChain token will definitely cost more than it does now. In 2024, its price can go as high as $11.03 (+159%) per coin. At its minimum, the coin might drop to $9.09 (+113%).

Based on the experts’ forecasts at PricePrediction, in 2025, RUNE crypto will continue slowly, but steadily rising in price: $8.34 (+96%) at its lowest point and $9.92 (+133%) at its peak.

Telegaon experts predict that in 2025 RUNE might go as low as $22.56 (+223%), while at its maximum it can reach $30.39 (+615%).

THORChain Price Prediction 2030

According to DigitalCoinPrice, by 2030 RUNE will see the lowest price of $28.69 (+575%), while at its peak it might finally reach $31.8 (+648%).

PricePrediction analysts believe that by 2030, RUNE coin will considerably rise in price: it can reach a maximum level of $67.04 (+1,477%), while its minimum price might drop to $55.92 (+1,215%).

Analysts at Telegaon think that by 2030, THORChain is going to reach $100 or come close to it: $106.75 (+2,411%) at its peak and might trade at a minimum of $86.23 (+1,928%).

RUNE Price Prediction 2040

According to PricePrediction forecasts, in 2040 RUNE will reach amazing price levels: its minimum price is expected to be $3,220 (+75,664%), while its maximum price is going to soar to $3,826 (+89,923%).

When it comes to long-term predictions, Telegaon believes that RUNE coin can hit $235.21 (+5,434%) at its lowest point or it can go to an all-time high of $279.52 (+6,476%).

THORChain (RUNE) Price Prediction: Experts’ Opinions

THORChain has made good development throughout the years. First of all, it’s a 100% pure DeFi in that it enables users to permissionlessly (and pseudonymously) swap native assets across multiple chains without requiring a centralized exchange. THORChain’s liquidity does not contain wrapped assets; all assets are natively secured. On top of this, the network offers transparent pricing independent of centralized third parties or exchanges. All in all, 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 RUNE will eventually end up costing. In the last few months the predictions have become much more optimistic and THORChain bulls have been bringing the price up. The recent surge in RUNE’s price can be attributed to several key factors: first and foremost, the emphasis on providing a secure and yielding environment for assets to enhance Total Value Locked (TVL) is crucial. By prioritizing security and yield, THORChain aims to attract more liquidity and increase its TVL, which ultimately boosts investor confidence and drives up the demand for RUNE. In addition, by improving UX, THORChain enhances accessibility and usability, making it more attractive for liquidity providers to participate in the ecosystem. 

In connection with these improvements many experts, such as CoinPedia, believe that by 2030, RUNE coin can hit a high of $129.22.

RUNE USDT Price Technical Analysis     

Tradingview, July 3, 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.

Factors Affecting RUNE Coin Price

A range of factors, including supply and demand dynamics, market sentiment, and the overall state of the crypto market, can influence the price of THORChain.

The THORChain exchange rate might fluctuate in response to economic factors. And sometimes crypto moves in the opposite direction. Despite bank collapses and economic uncertainties in international financial markets, numerous cryptocurrencies have made tremendous increases. This could signal that investors have shifted away from hazardous institutions and into cryptocurrency, which has delivered unprecedented long-term returns. Other factors can include major upgrades, technical developments, adoption, and more.

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

• News
• Market sentiment
• Technical developments
• Partnerships and collaborations
• Supply and demand
• Adoption
• Overall growth of the market
• Regulatory landscape
• Utility
• Lending and borrowing features

Risks and Opportunities

Looking into the future, THORChain demonstrated tremendous potential, fueled by planned enhancements and integrations. Understanding these developments is critical, particularly for assessing the platform’s capacity to attract new users over time. While THORChain is a valid solution, interoperability protocols like LayerZero and DEX aggregators like 1inch may prove good enough for most users, and this could seriously impact the platform’s development. 

In terms of upgrades, 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. The platform also plans to offer overcollateralized lending with no liquidations, expirations, or interest; this feature could revolutionize how users interact with THORChain.

However, investing in RUNE has some general risks, just like investing in any other cryptocurrency. These concerns may be connected with volatility, liquidity, demand, encryption, concentration, regulation, and cyber security. Any investor should consider these before purchasing RUNE crypto.

Is THORChain (RUNE) a Good Investment?

It may be. THORChain has been deemed a solid platform within the crypto community. However, as in the case with any cryptocurrency, it may be a better option for an investor with high risk tolerance.

Can RUNE Reach $100 Dollars?

It’s definitely a possibility, however, in the long term.

Can THORChain Reach $1000?

According to PricePrediction, this might happen after 2033.

What Is the Price of THORChain in 2025?

According to Telegaon, in 2025 THORChain can go as high as $30.39.

What Is the Price Prediction for THORChain in 2040?

PricePrediction experts think that in 2040 RUNE coin’s price will surge and reach a whopping $3,826.

Does RUNE Coin Have a Future?

RUNE can hold immense potential for the future. With its numerous developments and updates, it can very soon carve a larger market share for itself. However, it’s also a risky investment with volatile price history.

How to Invest in THORChain?

You can buy RUNE via numerous major and smaller exchanges, including StealthEX.

Conclusion

Any blockchain technology carries risks and difficulties, but THORChain and the RUNE currency stand out for their inventiveness and promise as significant contributions to the development of decentralized finance. Anticipating major developments like new blockchain integrations and lending features, THORChain could hit new price heights. Considering the projected growth of the blockchain market and THORChain’s strategic developments like memoless transactions and order book integration, RUNE’s price can go even higher. And as the market grows, THORChain might emerge as one of the most effective decentralized exchanges, and the bullish sentiment has never been stronger.

Where to Buy THORChain?

StealthEX is here to help you buy RUNE crypto 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 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy RUNE: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to RUNE. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• 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.