THORChain Price Prediction as RUNE Becomes Best Performing Coin of the Week – Time to Buy the Dip?
THORChain (RUNE) stands apart with its distinctive cross-chain liquidity system, and in the current week, it has captured considerable attention for a compelling reason.
Coingecko reports the current price of THORChain at $1.74, reflecting an impressive 33% surge over the span of the last seven days.
Even more notably, within the past 24 hours alone, the price has surged by 10.2%.
This notable uptick in value can be traced back to a concurrent increase in social discussions revolving around THORChain.
According to insights from Coincodex, there has been a remarkable surge of over 4,300% in social conversations focused on THORChain during the period spanning from August 7 to 13.
This increased online engagement certainly plays a role in the rise of RUNE's value. It's worth noting that the price of RUNE has been steadily increasing since mid-June.
The excitement surrounding RUNE's price action is due to the introduction of streaming swaps, which offer swappers a more favorable price through sub-swaps.
THORChain has expanded to networks like Cosmos and Avalanche, serving a broader purpose and boosting investor confidence.
This quest for expansion has now ventured into the realm of decentralized finance (DeFi). The network has recently unveiled that RUNE perps are now available on the Hyperliquid DEX.
The integration of streaming swaps imparts THORChain with a distinctive edge, empowering it to address the call for more economically efficient swaps in a highly competitive environment.
This feature has the potential to kindle increased demand for both THORswap and the RUNE token, as the evolving market dynamics continue to unfold. As a result, RUNE has solidified its stance as one to closely monitor.
In a landscape of diverse
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