The post THORChain Price Prediction: Will RUNE Skyrocket to $50 This 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The year 2021 was a milestone year for several altcoins. Many altcoins skyrocketed due to a confluence of factors. One such coin which made headlines in the market with its overall performance was THORchain’s RUNE. 

The crypto space welcomes such coins which can adapt to the rapidly varying market conditions. THORChain has shown such behaviour to adapt quickly to the market volatility carrying various services in its bag.

THORChain is built on Cosmos SDK, which keeps the network safe from possible hacks. RUNE is the native token of the platform. The network is not profit-oriented, fees generated by the protocol will be incentivized by simply holding RUNE. Amazed by the benefits that THORChain offers to its token holders? Look no further, as this write-up will illustrate the feasible price predictions for 2022 and beyond.

Overview

Cryptocurrency	THORChain.
Token	RUNE.
Price	$7.34
Market capitalization	$2,428,287,989
All-Time High	$20.31 May 18, 2021
All Time Low	$0.0145  July 28th, 2019
Circulating supply	224,410,215.14 RUNE

THORChain (RUNE) Price Prediction For 2022

Potential Low	Average Price	Potential High
$14.907	$19.001	$22.653

  THORChain’s 2022 trade had commenced the year with sensible gains, and a price tag of $6.786. A surge until the 5th of January took the price to $8.208. But a downswing took the price to $5.791, by the 11th of January. Whilst the altcoin did pose a v-shaped rebound to $7.023, by the 14th of January. But a dump in the market, took the price to $3.989, by the 22nd of January. 

After hovering closer to the levels until the 4th of February. A leg-up helped the price breach $5.080, by the 8th of February. But FUD in the business prevailing from geopolitical tensions, amongst others led to the monthly closure at $3.752. 

The first day of March was started on a bullish note, which took the price to $5.607. But the highs were short-lived, as it took a fall to $4.132, by the 8th of March. Thereafter, a spike in volumes helped kickstart a rally, which pushed the price of RUNE by 219%. To close the quarterly trade at $13.184.  

THORChain’s (RUNE) Price Prediction For Q2

  Following a healthy run-up to $13.184, by the 31st of March. RUNE has been on a downtrend since the start of the second quarter. After a series of thwarts by the bears, the price of RUNE has now found support at $6.3 levels. With the mainnet being live, with caps lifted off for staking, no admin keys, and the network being self-sustained.

The second quarter might witness the results materializing by the end of its jurisdiction. If so the price could surge to its potential high of $9.20, by the end of June. On the downside, the updates not yielding the desired results could push the price to $6.644. That said, constrained by the linear price projections, the average price could settle at $7.829. 

RUNE Price Forecast For Q3

  If the network sees more acceptance, adoptions, and collaborations. The price of RUNE could surge to a maximum of $14.054, by the end of the quarter. Conversely, if the digital asset falls prey to the bearish sentiments amidst a possible market crash. The price of RUNE could stumble down to $9.443. Successively, a balance in the buying and selling pressures could settle RUNE’s price at $11.642. 

THORChain Prediction For Q4

  A bull run starting from the optimism of the fourth quarter could push the price to $19.112. Further, seeking impetus from a possible surge in volumes, the price could escalate to form a new ATH at $22.653. However, negative criticism and stiffer competition could bring the price down to a minimum of $14.907. Collectively, with a lack of any external catalysts, the price of RUNE could land at $19.001. 

THORChain Price Forecast For 2023

  With many updates underway, and provided favourable market conditions the price could skyrocket to $45.624 by 2023. However, if bears rule the market then the price could plunge below $23.215. With average buying and selling pressures, the price might trade around $34.016 by the year’s end.

Price Prediction For The Next 5 Years

  RUNE is more of a community-driven network, which might put the bulls on cards for the altcoin. In the coming years, if it manages to maintain a similar technology. It can move at decent figures even though there is not much development poised. By the end of the next five years, RUNE might trade at a maximum of $136.879.

A major concern about the network is the liquidity, and if investors fail to keep up the levels. It might even end up getting delisted from prominent exchanges. In such conditions, with FUD, the token price might knock out at $51.68.

Year	Potential Low	Potential High
2023	$23.215	$45.624
Next 5 Years	$51.68	$136.879

What Does the Market Say?

Wallet Investor:

 As per Wallet Investor’s predictions, RUNE is forecasted to hit a maximum price of $6.927 by the year’s end. That said, the firm expects the token to trade at an average price of $3.7. Wallet Investor anticipates THORChain to trade at a maximum price of $10.272 by the end of 2023. And that it could reach as high as $18.747, by the end of 2025.

Digital Coin Price:

According to digitalcoinprice.com, the price of RUNE will reach a maximum of about $8.81 by the end of 2022. The analysts from the firm have also made forecasts for the long term. They expect RUNE price may rally to $13.35 by 2025.

Trading Beasts:

As per Trading Beasts’ predictions, RUNE is forecasted to hit a maximum price of $7.45 this year. It believes a trend reversal could flip the price to a minimum of $5.06. That said, the token is expected to trade at an average price of $5.96. Gov.Capital anticipates THORChain to trade at a maximum price of $13.34 by the end of 2025.

Click here to read our prediction of Zcash (ZEC)!

What Is THORChain?

 THORChain is a decentralized cross-chain liquidity protocol. Which facilitates traders to exchange various cryptocurrency assets across a wide range of networks without losing full custody of their assets in the process.  Moreover, the network allows traders to swap crypto assets in a permissionless way, without the use of order books to source liquidity.

THORChain ecosystem has its own native token RUNE. The token is available across multiple blockchains, including Ethereum as an ERC-20 token and Binance chain as a BEP-20 token. Basically, THORChain is a Proof-Of-Stake blockchain, aimed to serve basically four important functions within the network’s ecosystem: Security, Governance, Rewards, and Liquidity. 

Network validators stake RUNE to ensure the security of the network. In the liquidity pools, every token is bonded to RUNE, which creates the required liquidity to conduct swaps. Liquidity providers and validators can claim their rewards in the form of RUNE tokens. In addition to this, the THORChain platform allows the traders to govern their assets without any middleman and without extra charges.

Fundamental Analysis

As per the reports THORChain has no founder, no CEO, and no directors. The development measures will be taken care of by Gitlab. An official Twitter handle of THORChain stated that self-organized developers work through Gitlab, and know better what to build.

Initially, the THORChain platform was funded via an initial DEX offering (IDO) which launched with the Binance DEX in July 2019. Its mainnet was launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021. 

The BiFrost Protocol (BFT) enables interoperability between chains. Interoperability acts as the basics of the ecosystem without which the entire ecosystem will fail. BFT confirms the trust and security of the platform and avoids double-spending and other malicious behaviours. THORChain solves blockchain scalability issues via the Yggdrasil protocol. Aesir protocol serves as the governance token, it ensures a cost-effective on-chain governance mechanism.

 Our RUNE Price Prediction

THORChain has been performing with rapid bulls for quite some time with Joke currency fanfare. With the introduction of new technologies, RUNE’s price is expected to reach new highs. An increase in FOMO equals to increase in surge levels. According to Coinpedia’s formulated THORChain Price Prediction, if the above scenario arises, then RUNE might hit maximums and new ATH at $22 by the year-end.

Any new regulations from the country can stake the coin’s future. Also, if the social background for the coin disperses, then the price can entangle into a bearish hook. And might even fall to $15.1.

Historical Market Sentiments

2019 and 2020 

Although the coin was found in 2019, it never saw a considerable price rise and remained negligible until November 2020. After being listed by renowned exchanges, by December 2020. It reached its first price of about $1.0315 and surged quickly to $2 by January 1st, 2021. 

2021

The THORChain experienced a drastic rise from the beginning of the year. RUNE started trading at $1.366 and spiked by 400% reaching $4.66 by Mid-March. With huge price gains in the month of April, the price skyrocketed to ATH $20.31 on 18th May 2021. As a result of the market collapse on May 19th. The price dropped at the same rate plunging back to $3.83 on 25th July. 

The RUNE price regained positive momentum in late July. With a continued uptrend, the price traded around $7.46 until the end of September. However, the altcoin managed to break at the same level undergoing a short supercycle. By almost doubling in its price from just $7 to $15 on November 2nd. As the bears started to dominate the market in November, RUNE’s price ended up trading at $6 by the end of 2021.      

To read our price forecast of Helium’s (HNT) click here!

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