THORChain (RUNE) is a decentralized liquidity protocol that aims to allow users to exchange cryptocurrency assets on different networks, including Bitcoin and Ethereum, without giving up full custody of their assets. The platform operates in an unauthorized environment and strives to eliminate the need for order books to obtain liquidity. On the contrary, market prices are maintained through the relationship between assets in a pool (see the automated market maker function
).
THORChain uses a unique consensus mechanism called Proof of Stake (PoS), which exploits the security and stability of the Cosmos network to guarantee the THORChain blockchain. PoS allows users to mine RUNE tokens by locking a certain amount of RUNE as collateral, helping to prevent centralization and encourage more widespread participation in the THORChain
ecosystem.
The Solidity programming language allows the creation of smart contracts compatible with the Ethereum blockchain.
When will it reach 1 dollar?
According to market data, THORChain’s price at the time of writing is around 6.04 dollars. So, THORChain has already surpassed the value of 1 dollar and could continue to grow in the future
.
When will it reach 10 dollars?
THORChain reached $10 for the first time on November 30, 2023, after experiencing strong growth since its launch on November 1, 2023. Since then, the price of THORChain has fluctuated between 10 and 16 dollars, showing some volatility but also an
upward trend.
When will it reach 100 dollars?
To reach 100 dollars, THORChain will have to increase about 16.6 times, obtaining a market capitalization of around 15 billion dollars. This isn’t impossible, but it requires high demand and adoption from users and developers.
According to some forecasts, the price of THORChain could reach 100 dollars by 2028 or 2029.
When will it reach 1000 dollars?
To reach 1000 dollars, THORChain will have to increase approximately 166 times, obtaining a market capitalization of around 150 billion dollars. This is very unlikely, unless there is a revolution in the cryptocurrency sector and THORChain becomes one of the most used and appreciated platforms. According to some forecasts, the price of THORChain would take 26 years to reach 1000 dollars, with growth of 25% per year. However, this scenario is very optimistic and does not take into account possible obstacles and competitors
.
Is it considered a good investment?
THORChain is considered a good investment by some experts and analysts, who see its potential to bring innovation and scalability to the Cosmos network. THORChain offers advantages such as security, stability, affordability, and compatibility with the world’s most popular and established blockchain. In addition, THORChain has a growing ecosystem, with several projects and partners that support and use it
.
However, THORChain also has risks and challenges to face, such as competition from other blockchain platforms, uncertain regulation, market volatility, and dependence on the Cosmos price and network. Therefore, before investing in THORChain, it is advisable to do extensive research, evaluate your objectives and risk tolerance, and diversify your portfolio
.
Table with price forecasts from 2024 to 2030
Here is a table summarizing THORChain’s price forecasts from 2024 to 2030, based on different sources:
Tabla
| Anno | Price Prediction (USD) |
|---|---|
| 2024 | 6.63 — 8.91 |
| 2025 | 7.72 — 10.07 |
| 2026 | 8.38 — 11.48 |
| 2027 | 9.12 — 12.97 |
| 2028 | 10.93 — 14.59 |
| 2029 | 42.25 — 100.00 |
| 2030 | 100.00 — 1000.00 |
Frequently Asked Questions (FAQ)
Where can I buy THORChain?
You can buy THORChain on different cryptocurrency exchange platforms such as AscendEX, BIB, Tapbit, Binance, and Binance Futures. Currently, THORChain is listed on 35 exchanges, with AscendEX confirming itself as the most popular platform for RUNE
.
Which is the best platform to buy THORChain?
At the moment, the best platform to buy THORChain is Binance, which has recorded a THORChain trading volume of $45.06 million in the last 24 hours. However, you also have other options to choose from, such as KuCoin, Kraken, Bybit, gate.io, and Binance Futures, which list RUNE
.
Where can I buy THORChain using fiat currency?
You can buy THORChain with fiat currency on Kraken, one of the most established platforms in the cryptocurrency industry. At the moment, Kraken offers the option of exchanging THORChain for US Dollars and Euros. You can make the purchase using a Visa or Mastercard card, or fund your account via bank transfer or other
methods.
Where can I buy THORChain with USDT?
You can buy THORChain with USDT on the Binance cryptocurrency exchange platform. Binance managed a THORChain trading volume of $45.06 million in the last 24 hours. Binance also offers a wide selection of other cryptocurrencies, offering multiple trading options in addition to THORChain
.
On which platform can I buy THORChain with a credit card?
Attention: The answer to this question is not available at this time.
What is THORChain’s trading volume in the last 24 hours?
THORChain’s trading volume over the last 24 hours is $145.25 million. THORChain is listed on 35 exchanges, with 81 trading pairs.
Which platform has the highest trading volume than THORChain?
At the moment, the most popular platform for THORChain exchanges is Binance, which has managed $45.06 million worth of RUNE exchanges in the last 24 hours.
What is the most popular trading pair for THORChain?
The most popular trading pair for THORChain is RUNE/USDT. Over the past 24 hours, this pair recorded a trading volume of $51.51 million across 35 different cryptocurrency platforms
.