Some information about the RUNE token.

in Tron Fan Club6 days ago

THORChain's native token RUNE is a crypto asset that primarily helps create cross-chain liquidity and directly exchange real coins from one block chain to another, i.e. Bitcoin to Ethereum or any other native coin can be exchanged without intermediaries, which has given it a different identity in the DeFi world. Currently, the price of RUNE is around $0.697 according to the information you provided, and this price fluctuates every day based on trading volume, market sentiment, and changes relative to other major cryptocurrencies. Although the price is low, its practical benefits and future prospects attract many investors.

8650.jpg

And RUNE first came to the market in June 2019 and its issue price was only $0.024 and from such a low price it gradually gained stability and started gaining the trust of users and then at one time it rose at a terrible speed and created a big profit opportunity for investors and the highest price or All Time High of this token was about $21.26 and which happened in 2021 i.e. the price had increased almost a thousand times from the beginning and the reason for this increase was the increase in the popularity of DeFi at that time THORChain network upgrade and improvement of the cross chain sweep system and at the same time its lowest price All Time Low was only $0.0079 and which was seen in 2019 and from this position Rune started to rise slowly and later created a strong position in the market.
8651.jpg
And looking back at today's price, it can be understood that this token is very volatile in the long term but has potential and currently according to the market cap, RUNE is still a solid project and the market cap is around $296 million which proves that there are still a lot of users and liquidity active on this network and also the trading volume is also very good i.e. a significant amount of transactions are made every day and one of the good aspects of the RUNE token is that it plays a major role in both the security and liquidity of Thorchain and all node operators providing liquidity have to use RUNE and that makes the network more robust and all types of sweep transactions are faster and safer.
8652.jpg
And another important advantage is that there is no need for wrapped or synthetic tokens and users can directly exchange their real BTC ETH BNB or other native assets and this reduces risk and increases security in the decentralized ecosystem and for this reason, if cross-chain technology becomes popular in the future, RUNE may become more valuable and all in all, RUNE is a token that has carved a niche for the real-world security cross-chain concept and future prospects and even though the price is currently low, the project's foundation is solid and it can hold good prospects in the long term in the market while DeFi is in operation.

Thank you everyone for reading my post.

@baizid123

Sort:  

Congratulations!

Your post has been manually upvoted by the SteemPro team! 🚀

upvoted.png

This is an automated message.

💪 Let's strengthen the Steem ecosystem together!

🟩 Vote for witness faisalamin

https://steemitwallet.com/~witnesses
https://www.steempro.com/witnesses#faisalamin