HomeTHORChain soars after exciting new update: best places to buy THORChain

THORChain soars after exciting new update: best places to buy THORChain

Daniela Kirova

Early this morning, THORChain’s token RUNE spiked 34% after synthetic assets were activated in the ecosystem. After the update, THORChain has half the swap fees, making swaps cheaper and faster for traders. It’s possible to do near-instant trades at a high volume.

Will RUNE’s price continue rising? If you are attracted to unique features and want to learn how and where to buy THORChain, this guide is for you.

Top places to buy THORChain now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy RUNE with Binance today

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy RUNE with KuCoin today

What is THORChain?

THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool.

RUNE is the base currency in the THORChain ecosystem. It is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms. THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.

According to an official representative of THORChain, the platform has no CEO, no founder and no directors. The development of the platform is organized through Gitlab.

Should I buy THORChain today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

THORChain price prediction

CoinQuora predicts THORChain will trade between $9 and $16.75 in the next year in a bullish scenario. The highest it can go is $20. In the event the scenario isn’t bullish, the lowest it can drop to this year is $3.

THORChain on social media

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