Crypto Updates

RUNE Up 17% After Talks Of Major Deal Hit The Market

RUNE Up 17% After Talks Of Major Deal Hit The Market

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform.

Related Reading

Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNE’s movement in the future. 

Big Things To Come In The Future For RUNE

According to X user Rayyk, the OKX has been using ThorChain infrastructure to facilitate transactions in recent months. Metrics-wise, OKX’s use of Thorchain is primarily in swaps, making the latter a vital part of OKX’s swap volume. 

In Rayyk’s thread, OKX and ThorChain’s swap volume reached 20 million within just one week, showing ThorChain’s reliability despite the high volume. ThorChain’s capabilities in swaps involving Bitcoin complement OKX’s support for Bitcoin-based features like ordinals and BRC-20 tokens. 

Swell, a new staking platform, also recognized this capability. According to their announcement post about their newly launched swBTC, ThorChain will be used for native BTC swaps. 

These are not the only things that ThorChain is currently involved with. In a recent interview, ThorChain lead @jpthor was asked about the platform’s new project. When asked about Tron’s possible integration, he replied: “Look, all I can say is a Telegram chat has opened, and once a Telegram chat is open, it is a group chat, it’s getting done.”

RUNE market cap currently at $1.2 billion. Chart: TradingView

RUNE Will Continue To Rise Because Of These Factors

RUNE is currently on a great support level as it continues to rise amidst the bullishness the market is experiencing. At its core, the token is trading between the $3.5-$3.8 price range which may come in handy in the coming days.

Related Reading

RUNE…

Click Here to Read the Full Original Article at NewsBTC…