THORChain (RUNE) Price Prediction – What are the Forecasts for the RUNE Price in 2021 and Beyond?

With the increase of blockchain technology usage, new problems are arising. One of the biggest problems identified was the inability of different blockchains to cooperate with each other. For example, it is impossible to make a Bitcoin transaction within the Ethereum network. This problem was thought as solved with the release of Wrapped Bitcoin (wBTC) which was tradable in every blockchain; yet, wBTC was not enough. 

One promising project that claims to be the solution to this issue is THORChain. With THORChain, anyone can make any transaction on any blockchain. 

But what is THORChain? What makes it unique? How does THORChain work? This article will provide you with the answers to these and many more questions.

THORChain (RUNE) Fundamental Analysis

Let us begin by explaining the fundamentals of THORChain. This cryptocurrency was founded by an anonymous team in 2018. What makes this occurrence interesting is the fact that it was initially created during a Binance Hackathon. The Hackathon was just the start for the team behind THORChain, who continued their work even after the Hackathon had finished.

THORChain is a decentralized liquidity protocol, just like Uniswap and Mdex. However, the difference between THORChain and other DEXs is the fact that THORChain makes it possible to instantly swap different cryptocurrencies between their own blockchain; swapping Bitcoin with Ethereum or Binance Coin, for example. This was much needed in the world of cryptocurrencies since it unlocks new dimensions of trading, which benefits the whole market. THORChain did not launch its multi-chain chaosnet until earlier this year because the technology could not catch up to THORChain – literally. The team took a break shortly after the Hackathon due to some necessary missing pieces of technology for a completed THORChain.

As we stated above, using the THORChain protocol, individuals are eligible to trade native digital assets on one chain (Bitcoin on the Bitcoin Blockchain) with another native digital asset on a completely another chain (Binance coin on the Binance Smart Chain). This makes THORChain a unique and decentralized project that requires no third-party systems and uses transparent open-source technology. To do this, THORChain uses a full node for each transaction. If a Bitcoin/Ethereum transaction is about to be executed, THORChain uses one Bitcoin node and one Ethereum node. One more crucial component for THORChain is its connective layer known as Brifost Protocol. Fundamentally a security asset, Brifost Protocol helps the processing of all inbound transactions that are converted into THORChain.

We stated that the team behind THORChain took a break after the Hackathon because of necessary missing technology. Today, we know these two missing technology pieces as Cosmos SDK and Tendermint. The RUNE token, THORChain’s native token, serves as a hidden intermediary and powers the platform. Furthermore, the THORChain network functions as a Proof-of-Stake (PoS) system, meaning that the mining process does not require huge amounts of electricity. We must mention that every node is anonymous and only the public key and IP address are identifiable. That being said, you can stake your RUNE tokens in order to get rewards in RUNE. By doing so, you are securing the network and helping avoid double-spending.

Read more: PoS Meaning in Crypto – What is Proof-of-Stake?

THORChain (RUNE) Price Analysis

According to Coinmarketcap, RUNE officially entered the market in July 2019 with a price of $0.015 and a 24-hour trading volume of $54,108. Because it had low daily trading volume, RUNE did not experience any major price movements throughout the first months of its crypto journey. This began to change by November when RUNE experienced an increase of 360% and hit the price of $0.069. 

RUNE entered the year 2020 with a price of $0.075 and a trading volume of $207,484. By the end of January, RUNE had surpassed the $0.10 milestone, hitting the price of $0.12. However, by the 19th of March, its price was back to $0.065. RUNE experienced similar price movements until June when it began an uptrend that would push it to new heights. In mid-July, RUNE had surpassed yet another milestone by reaching a trading value of $0.52. After only one month, RUNE set a new all-time high of $1.03. THORChain continued its growth until the end of the year, hovering around the $1 mark again around November and December 2020.

After the great market performance that RUNE had during 2019-2020, the year 2021 was the year RUNE really exploded. This cryptocurrency entered the market with a price of $1.29, however, by the 13th of March, RUNE had reached the price of $6.11, experiencing a 6x on its price and setting a new all-time high. This did not last for long, however, since by mid-April, the price of RUNE had exploded to reach a trading value of $15.33, surpassing its all-time high once again. After a small drawback, its price shot up again, surpassing the $20 milestone and setting its current all-time high.

thorchain
THORChain (RUNE)
Rank: 66
$ 7.64
Price (BTC)
Ƀ0.00018003
Marketcap
$ 2.04 B
Volume
$ 64.72 M
24h Change
2.99%
Total Supply
500.00 M RUNE

At the time of writing, THORChain has a trading value of $5.21 with a 24-hour trading volume of $102 million. Furthermore, it has a market capitalization of $979 million.

Following this price surge throughout the last day, cryptocurrency enthusiasts started bombing Twitter with tweets about THORChain. Since many people continuously doubt the future of RUNE, THORChain holders are enjoying their time and getting back at these doubters.

THORChain (RUNE) Market Price Prediction

CoinBureau 

CoinBureau is one of the many cryptocurrency Youtubers that made a video covering the famous RUNE token. CoinBureau is known for his thorough analysis videos regarding different cryptocurrencies. When it comes to THORChain, CoinBureau thinks that RUNE is one of the most valuable cryptocurrencies in the market right now. Moreover, he claims that THORChain has limitless potential, stating that there is no limit to how large RUNE could grow. 

BitBoy Crypto 

Another huge cryptocurrency Youtuber that has talked about THORChain is BitBoy Crypto. According to him, RUNE is headed straight to the bright side of the moon, which implies his bullish expectations regarding this cryptocurrency. He proceeds by claiming that RUNE might easily reach the price of $25 per token sometime this year – most likely during October. He concludes the video by explaining that this growth is expected to continue throughout the upcoming years. 

Read more: Top 14 Cryptocurrency Influencers You Should Follow on Social Media

WalletInvestor

The prediction website WalletInvestor says that it is likely for RUNE to continue its growth. Their forecast states that RUNE might be trading at $14.51 exactly after one year. This would mean a 159% yearly increase in the price of RUNE. As per the long term, WalletInvestor claims that after five years, in July 2026, RUNE might hit the price of $55.15, experiencing an 885% increase in its price throughout five years.

GovCapital

Similar to WalletInvestor, GovCapital predicts that RUNE may be trading at $17.71 one year from now. According to their forecast, RUNE might surpass the $100 milestone sometime between April and July 2025. When it comes to the long term, GovCapital claims that one RUNE token may hold a trading value of $139.17 five years from now, which would mean a 2300% increase in its price.

Crypto Academy THORChain (RUNE) Prediction

THORChain (RUNE) Price Prediction 2021 

According to our research and market analysis, THORChain is likely to continue its increase towards the end of this year. Furthermore, its utility and uniqueness serve as big boosters when it comes to its market performance. Our team at Crypto Academy predicts that, by the end of 2021, THORChain could hit the price of $17. On a bullish note, the price of RUNE might even surpass the $20 milestone before the end of the year.

THORChain (RUNE) Price Prediction 2022 

At Crypto Academy, we believe that throughout the year 2022, THORChain might experience huge growth, possibly breaking its current all-time highs. Our research indicates that RUNE might reach a trading value between $25 – $30 sometime during 2022. At the time of writing, the circulating supply of RUNE is 233 million out of 500 million maximum supply. With enough volume and attention, the price for RUNE could even hit the $35 mark before the end of the year.

THORChain (RUNE) Price Prediction 2023 

For the year 2023, we believe that THORChain might continue its growth, simply because of its uniqueness and utility. However, even though this altcoin is likely to continue its growth, our prediction shows that THORChain may experience slower growth during this year. Our forecast implies that THORChain might trade at a price between $45-$50 by the end of the year 2023. 

THORChain (RUNE) Price Prediction 2024 

Moving on, we at Crypto Academy believe that THORChain is likely to skyrocket as it moves towards the end of 2024. Our prediction shows a slow start for the cryptocurrency in 2024; however, as months go by, the price growth might get more rapid, possibly giving THORChain a new all-time high. Following the next Bitcoin halving that is set to happen in 2024, the market is expected to blow by the end of that year. That being said, we give THORChain a potential price of $65 by the end of 2024. 

THORChain (RUNE) Price Prediction 2025 

2025 is the year when we expect THORChain to really blow up and potentially surpass the $100 milestone. Our forecast shows that by March 2025, THORChain may reach the trading value of $100. This huge increase is likely to be followed by quite a big drop in its price, possibly putting THORChain back on the price of $70. Nevertheless, the coin may recover quickly and continue its uptrend. By December 2025, we see THORChain trading for a price of $148. 

THORChain (RUNE) Price Prediction For 2026

We believe that the year 2026 is likely going to be a steady year for THORChain, seeing small price movements of approx. +-5% per month. Our forecast shows that this cryptocurrency may enter the year 2026 with a price between $130-$150 and that, by the end of the year, THORChain might hold a trading value of $175.

Crypto Academy Thorchain (RUNE) Price Prediction for the upcoming years.

How To Buy THORChain (RUNE)?

Investing in THORChain is easy; simply follow these three steps:

Step 1: Create an Account on a Cryptocurrency Exchange

First off, you must choose whether you want to buy THORChain using a cryptocurrency exchange or using a Peer-to-Peer (P2P) transaction. 

  • If you choose to buy THORChain directly from a THORChain owner, you must first create a wallet that supports THORChain. You can use any wallet that accepts BEP2 tokens. Some examples are Atomic Wallet, Binance Chain Wallet, and Trust Wallet.  Next, you need to use that address as the destination of the RUNE tokens that you bought from the seller.
  • On the other hand, if you want to buy THORChain through a cryptocurrency exchange, simply create an account on the exchange of your choice and verify it. Check out the Top 9 Cryptocurrency Exchanges in 2021.

Step 2: Deposit Funds on Your Account

After you have opened and verified your account, the amount you are interested in investing in should be deposited into your account. This can be done using different payment methods, such as a credit/debit card, a bank transfer, or using Paypal. Now, locate a market pair that includes RUNE. Some examples are EUR/RUNE, USD/RUNE, USDT/RUNE, USDC/RUNE, etc.

Step 3: Buy THORChain

To conclude your purchase, select the amount of THORChain tokens you are interested in and select the “BUY” option. Now that you have become a RUNE owner, you must protect your tokens from cyber attacks. This is done through cryptocurrency wallets, be that a hot or a cold wallet. However, we recommend using a cold wallet because the chances of being hacked are way lower than hot wallets. Here are the Top 9 Crypto Wallets in 2021.

Related: THORChain Price Prediction September 2021: Still Room For Growth For RUNE

Frequently Asked Questions (FAQ)

Where to buy THORChain (RUNE)?

THORChain has gotten quite the attention during the last months, resulting in getting listed in many major exchanges. At the time of writing, you can buy RUNE on Tokocrypto, Binance, FTX, CoinTiger, and HitBTC

Is THORChain (RUNE) a good investment in 2021?

Investing in the cryptocurrency market has proved beneficial for most investors, until today. Based on the words of many experts and prediction websites, THORChain may serve as a good investment and provide good returns to investors.

Will THORChain (RUNE) ever hit $100?

According to our research and market analysis, we believe that it is likely for RUNE to reach a price above $100 by the end of 2025.

Also read: Bitcoin Cash Price Prediction 2021 and Beyond – Is BCH a Good Investment?

Takeaways

  • THORChain serves as a bridge between native tokens of different blockchains.
  • In other words, THORChain is a decentralized liquidity protocol, however, it is unique because it connects blockchains with one another.
  • THORChain uses a Proof-of-Stake (PoS) mechanism to secure its network. Furthermore, it uses one node of its own and one or two nodes from other blockchain networks if necessary.
  • THORChain is undoubtedly one of the top projects regarding uniqueness.
  • Two core technology pieces of THORChain are Cosmos SDK and Tendermint.
  • The RUNE token is currently ranked at #75 on Coinmarketcap with a market capitalization of $979 million and a fully diluted market capitalization of $2 billion.
  • According to our research and many cryptocurrency enthusiasts, investing in RUNE might leave investors with huge gains.

 

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