THORChain soars after exciting new update: best places to buy THORChain
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
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{{/static}}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
32% Hodl vs LP APY on native $ETH. Only on @THORChain. $RUNE pic.twitter.com/Ey6eIIC9WE
— HeyImTheNewGuy (@Hey_ImTheNewGuy) March 8, 2022
