- Bullish THORChain price prediction ranges from $8.993 to $16.748.
- The THORChain price might also reach $20 soon.
- THORChain bearish market price prediction for 2022 is $2.954.
This THORChain (RUNE) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our THORChain price analysis and prediction.
Over the past few days, the crypto market looks to be experiencing a negative trend. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto asset industry is down-trending since the entire market capitalization of all cryptocurrencies listed in CoinMarketCap is below the $2 trillion value. The price of RUNE has increased by 7.8% in the past 30 days.
Will THORChain experience the same price volatility? We’ll find out soon in this THORChain price analysis 2022 article. But first, let’s have a look at what THORChain is.
What is THORChain (RUNE)?
THORCHain is a decentralized liquidity protocol that enhances users to easily exchange digital assets over a range of networks without losing full custody of the assets in the process. Moreover, with THORChain, crypto users can simply swap one asset for another in a permissionless way, without relying on order books to source liquidity. Rather, market prices are maintained via the ratio of assets in a pool.
More so, RUNE is the native utility token of the THORChain platform. However, it is utilized as the base currency in the THORChain ecosystem. Notably, the platform is utilized for governance and security as part of THORChainl’s Sybil resistance methodology. This is because the THORChain node has to perform a minimum of one million RUNE in order to participate in its process of rotating consensus.
Through an initial DEX offering (IDO), THORChain is funded which is launched via the Binance DEX in July 2019. In addition, its mainnet originally started in January 2021, however, a multi-chain was done in 2021.
Now that we are clear about RUNE do you think RUNE will be profitable crypto in 2022? Join me and let us see the charts in this RUNE price analysis and RUNE price prediction.
THORChain (RUNE) Current Market Status
As of the time of writing this THORChain price analysis, RUNE trades at $4.61 with a 24-hour trading volume of $160,289,765. The price of RUNE has decreased by 3.85% in the last 24 hours. Currently, the top cryptocurrency exchanges for RUNE are Binance, FTX, Tokocrypto, Kucoin. Gate.io, Mexc, CoinTiger, and HitBTC. Now, let’s go to the next part of this RUNE technical analysis for 2022.
Is RUNE a good cryptocurrency to invest in 2022? Let’s find out in this RUNE price prediction 2022 article.
THORChain (RUNE) Price Analysis 2022
Currently, RUNE holds 75th place on CoinGecko. But will the latest upgrades, development, and changes in the RUNE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this RUNE price prediction article.
From the chart above, since the on-balance volume curve is trending downward, we can deduce that the price of THORChain (RUNE), will continue to dip unless major pressure from investors comes into increasing the buying pressure.
From the chart above, the chart is clustered within the first half of the Keltner Channel from the top and is approaching the middle curve. This could signify a continuous dip.
The price of RUNE is bullish in long-term since the 200-MA is above the 100-MA. Hence, patient investors could recover part of their lost gains in the future.
THORChain (RUNE) Price Prediction
The chart below shows that RUNE has performed great over the past 7 days, having increased by 32.2%. Moreover, the RUNE price shows a bearish trend. If this trend reverses, RUNE might run along with the bulls, overtaking its $5.459 resistance1 level and move even higher to $16.748, the bullish signal for 2022.
Conversely, if the market runs with the crypto, the bears will continue to take over and push RUNE to a further dip from its downtrend position. In simpler terms, the price of RUNE might decrease to almost $2.954, a bearish signal.
Meanwhile, our long-term RUNE price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.
THORChain (RUNE) Price Prediction 2022
If this bullish trend continues, RUNE will reach $16.748 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $8.993. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
THORChain (RUNE) Price Prediction 2023
If RUNE holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $50, making it not plummet but play consistently.
THORChain (RUNE) Price Prediction 2024
As per the latest upgrades, developments, RUNE price prediction, and new project forecasts of the platform, RUNE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of RUNE in the crypto market, and it will be the best investment as the price can spike and reach around $80.
THORChain (RUNE) Price Prediction 2025
In the next four years, RUNE prices could race up to $100. However, reaching this level could not be so difficult for RUNE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that RUNE has a high possibility of reaching new ATH soon in the next three years as per the prediction.
THORChain (RUNE) Price Prediction 2026
In the next five years, RUNE prices could race up to $200. However, reaching this level could not be so difficult for RUNE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that RUNE has a high possibility of reaching new ATH soon in the next four years as per the prediction.
Conclusion
THORChain has a bright future ahead of it in 2022. With the ongoing developments happening within the RUNE ecosystem, as well as in the overall crypto market, we may see RUNE reach new heights.
Bullish RUNE price prediction 2022 is $16.748. As said above, it may even reach its new ATH if investors have decided that RUNE is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
THORCHain is a decentralized liquidity protocol that enhances users to easily exchange digital assets over a range of networks without losing full custody of the assets in the process. Moreover, RUNE is the native token of THORChain.
THORChain’s native asset RUNE is a good investment in 2022. However, traders and investors need to take extra care when dabbling in cryptocurrencies, as these are extremely volatile.
Yes, it’s very much possible that RUNE Token might reach $20 in the near future as per the current bullish trend.
THORChain (RUNE) price is expected to reach $16.748 by 2022.
THORChain (RUNE) price is possible to reach $50 by 2023.
THORChain (RUNE) price is expected to reach $80 by 2024.
THORChain (RUNE) price is expected to reach $100 by 2025.
THORChain (RUNE) price is expected to reach $200 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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