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RUNE Price Prediction

RUNE is the asset which powers the THORChain ecosystem and provides the economic incentives required to secure the network

ThorChain is a decentralised liquidity network with an interoperable blockchain that enables non-custodial cross-chain token swaps.

THORChain is a decentralised cross-chain liquidity system that uses Threshold Signature Schemes and is based on Tendermint and Cosmos-SDK (TSS). It doesn’t peg or wrap assets; instead, it decides how to move them in response to user input. It monitors user deposits to vaults, performs business logic (swaps, add/remove liquidity), and processes outbound transactions. It’s essentially a leaderless vault manager that ensures byzantine-fault tolerance at every level of the operation. The main goal of THORChain is to avoid centralization and capture while promoting cross-chain liquidity. It solely keeps track of the assets in its vaults and has economic assurances that they are safe.┬áLet us review the RUNE price

RUNE Price Prediction

RUNE Price

Bullish Scenario: If RUNE manages to break above the resistance level at $9.9 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $11.9 and $14.9. Breaking above $14.9 price level with significant buying volume will lead to a good chance of crossing above $17.

Bearish Scenario: RUNE has been in a downtrend channel since the last few weeks. However, if the $5.6 support level is not maintained, the price will fall to $4, $3, $2.3 and even lower sooner or later.

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