Thorchain is adding new chains - $TRON, $XRP and $SOL. Recently added $BASE. Also app layer coming soon. This is not a time to sell, It is a time to fill bags like a lot 👀

$RUNE

WHY I SELL.

Here’s the detailed information for 69 - RUNE (Thorchain):

RUNE (THORChain)

RUNE is the native cryptocurrency of THORChain, a decentralized liquidity protocol that enables users to swap assets across different blockchains without using centralized exchanges (CEX). THORChain aims to solve the liquidity fragmentation problem by facilitating cross-chain exchanges and providing liquidity pools for multiple blockchains like Bitcoin, Ethereum, Binance Smart Chain, and others.

THORChain uses an innovative Tendermint-based consensus and its native token RUNE plays a key role in securing the network and powering liquidity pools. Unlike other decentralized exchanges (DEXs), THORChain doesn't require wrapping of assets or the use of synthetic assets to facilitate cross-chain swaps.

Here’s a breakdown of RUNE:

Market Data

Price: The price of RUNE is driven by the adoption of THORChain’s decentralized liquidity platform. RUNE’s value can fluctuate based on the success of cross-chain liquidity and the overall growth of the DeFi ecosystem.
Market Cap: RUNE’s market capitalization reflects its importance in the cross-chain liquidity ecosystem and the broader decentralized finance (DeFi) market. Its market cap is impacted by overall DeFi growth, liquidity inflows, and user adoption.
Volume: Trading volume is an essential indicator for RUNE, as it reflects the active participation in THORChain’s liquidity pools and the level of cross-chain trading happening on the network.
Circulating Supply: RUNE’s circulating supply is subject to change based on network growth, token burns, and staking rewards. As of now, a significant portion of the circulating supply is used to secure liquidity pools on THORChain.