Whether it’s the secure exchange of tokens across different blockchains, the provision of liquidity, or the pursuit of decentralized finance (DeFi) opportunities, THORChain emerges as a versatile and robust platform that empowers users to engage with digital assets in a truly trustless and decentralized manner.

Founded to address the limitations of centralized exchanges, THORChain ensures trustless transactions while introducing RUNE, its native token, as the backbone of its ecosystem. RUNE plays a pivotal role in facilitating seamless asset swaps, securing the network, and empowering users to participate in governance decisions.

This article delves into the financial insights, price predictions, and key aspects of THORChain and RUNE, providing a comprehensive guide for cryptocurrency enthusiasts and traders.

About RUNE

Name THORChain
Token RUNE
Price (as of 12th November 2023) $5.13
Circulating Supply 338,679,413 RUNE
Total Supply 485,532,533 RUNE
Max. Supply 500,000,000 RUNE
Circulating
market cap
$1,731,438,208
Fully diluted
market cap
$2,563,938,164
Website Click here
Whitepaper Click here
ATH $15.79
ATL $0.008

What is THORChain?

THORChain stands as a pioneering force in the realm of blockchain technology, offering a revolutionary platform designed to facilitate trustless and decentralized asset exchange. Founded as a response to the inherent limitations and vulnerabilities of centralized exchanges, THORChain’s core mission is to provide a secure, permissionless, and decentralized environment for users to engage in digital asset trading at fair market prices.

The driving force behind THORChain’s innovation is the need to eliminate the centralization and trust concerns associated with traditional exchanges. In pursuit of this goal, THORChain has devised a unique and sophisticated network architecture that leverages a group of anonymous nodes. These nodes play a pivotal role in securing the network and ensuring its functionality, all while preserving the anonymity of their operators. Through a continuous cycle of node rotation, THORChain remains resilient and impervious to capture or stagnation.

THORChain’s design principles prioritize not only security but also scalability, liquidity, and decentralization. This combination of features makes it an ideal solution for the ever-evolving landscape of digital asset trading.

What is RUNE, Token of THORChain?

RUNE, the native token of the THORChain ecosystem, represents a fundamental element of the network’s infrastructure. It serves as the linchpin for the decentralized exchange platform, playing multifaceted roles within the system. RUNE acts as a bridge connecting various digital assets within THORChain’s liquidity pools. This critical function enables frictionless and efficient asset exchanges, making it possible for users to trade different cryptocurrencies seamlessly.

Thorchain

In addition to its role as a bridge, RUNE functions as a vital security mechanism within the network. To become part of the THORChain ecosystem, nodes are required to bond and stake RUNE tokens. This bonding and staking process acts as a deterrent against potential attacks and ensures the network’s integrity and security. It is a fundamental component of the network’s trustless and decentralized nature. RUNE token holders can participate in governance decisions and network upgrades, giving them a say in the evolution of THORChain. The value of RUNE is closely intertwined with the overall security and functionality of the THORChain ecosystem, making it a pivotal asset for both users and node operators.

RUNE is not just a cryptocurrency; it is the lifeblood of the THORChain network, facilitating asset exchanges, securing the network, and allowing participants to engage in the governance and decision-making processes of this innovative decentralized exchange platform.

Benefits of Trading in RUNE

Trading in RUNE, the native token of THORChain, offers a range of benefits that enhance your crypto trading experience. From security and trustlessness to liquidity and governance participation, these advantages make RUNE a valuable asset for traders looking to explore the decentralized financial landscape.

Security and Trustlessness: RUNE trading offers enhanced security and trustlessness. THORChain’s decentralized platform eliminates intermediaries, ensuring full asset control. RUNE’s role as network security adds resilience against attacks.

Liquidity and Accessibility: RUNE powers THORChain’s liquidity, ensuring reliable, deep markets without order book limitations. It’s accessible to users worldwide, regardless of their location or traditional financial access.

Earning Incentives: RUNE trading can be highly rewarding. Liquidity providers and active network participants earn incentives in RUNE, including a share of transaction fees and liquidity rewards.

Governance Participation: RUNE holders have a voice in THORChain’s governance. They can influence decisions, protocol upgrades, and platform direction, allowing them to shape the network’s future.

Value Coupled to Network Security: The value of RUNE closely aligns with THORChain’s security and functionality. As the network grows and becomes more secure, the value of RUNE is likely to appreciate, offering potential long-term gains.

Decentralized Ecosystem: RUNE trading occurs within a decentralized ecosystem, removing reliance on centralized exchanges. This eliminates single points of failure and enhances the resilience of the network.

Transparency and Immutability: THORChain’s blockchain provides transparency, allowing users to verify transactions and network activity. It also offers immutability, ensuring the integrity of data.

Diverse Trading Pairs: RUNE enables trading between a wide range of digital assets, offering flexibility and diversity in the trading experience.

Community-Driven Development: THORChain’s community plays a pivotal role in its development. RUNE holders actively participate in decision-making and contribute to the network’s growth.

These combined advantages make RUNE trading an attractive proposition for cryptocurrency enthusiasts and traders.

RUNE Price History

Rune price history

2019

In July 2019, RUNE started at a relatively low price of $0.01661. Over the remainder of the year, it experienced gradual yet consistent growth. By December, RUNE closed at $0.09245, marking an impressive gain of approximately 639% for the entire year. This upward trend indicated a growing interest in RUNE tokens and a potential shift in investor sentiment.

2020

In January 2020, the Thorchain token began the year at $0.09771, building upon the momentum from the previous year. Over the course of 2020, RUNE demonstrated a remarkable bull run, reaching $9.8771 by the end of December. This extraordinary price increase represented an astounding gain of about 10,000% for the entire year. RUNE’s performance in 2020 was driven by factors such as increased adoption, favorable market conditions, and growing institutional interest.

2021

Starting 2021 at $4.1312, RUNE continued its upward trajectory from the previous year. By August 2021, it reached an all-time high of $9.8771. However, the latter part of the year saw a substantial correction, bringing the price down to $1.9151 by December. For the entirety of 2021, the RUNE token experienced an overall change of approximately -54%. The year was marked by significant volatility, with the cryptocurrency market undergoing a correction after a period of rapid growth.

2022

Throughout 2022, the RUNE token price remained relatively stable, starting at $1.9151 in January and closing the year at $1.4991 in December. While there were minor fluctuations, the overall change during 2022 was relatively small, amounting to a decrease of approximately -21%. This year could be characterized as a phase of consolidation and adjustment, with the RUNE crypto market showing signs of maturity and stability.

2023

In 2023, the RUNE token continued to exhibit some price fluctuations but managed to remain fairly steady overall. Starting the year at $1.7703 in January and closing at $1.4991 in August, the cryptocurrency experienced an overall change of approximately -15%. Factors contributing to this slight decrease likely included market sentiment, competition from other cryptocurrencies, and broader macroeconomic developments. Investors observed a more subdued price performance in 2023 compared to the earlier years, suggesting a period of consolidation and recalibration for the RUNE token.

Where to Trade in RUNE?

RUNE can be traded on various platforms, including decentralized exchanges like Uniswap and PancakeSwap, as well as major centralized exchanges like Binance and Huobi. THORChain’s web wallet, Asgardex, also facilitates direct swaps within its ecosystem. Some users participate in liquidity pools to trade assets indirectly. Additionally, DEX aggregators like 1inch offer access to RUNE trading, and P2P platforms provide opportunities for direct trades.

RUNE Current Statistics: November 2023

  • As of 12th November 2023, RUNE currently stands at $5.13.
  • Its Total Value Locked (TVL) as of 12th November 2023 stands at $253,026,297.
  • RUNE price has been increasing for the last few months.
  • It has 21,502 on-chain holders on the BNB chain, but a total of 82,494 holders (excluding CEX).
  • The market is expected to be bullish for the rest of the year.
  • Total on-chain volume: 52 Billion
  • Total number of transactions served to date: 13.261 Million

RUNE Price Prediction 2023

When Maximum Price Minimum Price
November 2023 $5.700 $2.54
December 2023 $6.217 $2.681

As of November 12, 2023, RUNE is trading at $5.13.

In the final quarter of 2023, the price outlook for RUNE indicates bullishness.

RUNE plays a central role in THORChain’s liquidity pools, providing a foundation for cross-chain asset swaps. Users who provide liquidity or engage in network activities can earn incentives in RUNE tokens.

November foresees an inclining trend, with a projected high of $5.700 and a low of $2.54. As the year concludes in December, there is a possibility of the most significant drop, with a high of $6.217 and a low of $2.681.

RUNE Price Prediction 2024

When Maximum Price Minimum Price
January 2024 $5.057 $2.547
February 2024 $3.434 $2.862
March 2024 $2.919 $2.433
April 2024 $2.433 $2.027
May 2024 $2.211 $1.843
June 2024 $2.654 $2.211
July 2024 $3.185 $2.654
August 2024 $3.567 $2.972
September 2024 $3.995 $3.329
October 2024 $4.594 $3.828
November 2024 $5.742 $4.785
December 2024 $6.891 $5.742

In 2024, RUNE’s price predictions showcase a strong outlook.

Starting with a stable range in January at a maximum of $5.057 and a minimum of $2.547, February may witness a fall, peaking at $3.434 and bottoming out at $2.862.

March anticipates a minor dip with a high of $2.919 and a low of $2.433, possibly extending into April, projecting a high of $0.74 and a low of $0.62, signifying a potential correction.

May and June are expected to maintain a conservative stance in price forecasts. The latter part of the year, however, holds optimism, with November aiming for a high of $5.742 and December concluding at a promising $6.891. Overall, these 2024 RUNE price predictions suggest fluctuations with a positive trend, indicating potential growth throughout the year.

RUNE Price Prediction 2025

When Maximum Price Minimum Price
January 2025 $7.580 $6.113
February 2025 $7.979 $5.699
March 2025 $9.974 $8.043
April 2025 $11.873 $8.481
May 2025 $12.906 $10.408
June 2025 $15.487 $11.062
July 2025 $15.183 $12.245
August 2025 $18.220 $13.014
September 2025 $22.775 $18.367
October 2025 $28.468 $20.335
November 2025 $35.586 $28.698
December 2025 $40.923 $29.231

In 2025, RUNE’s price is poised for heavy volatility. Starting at $7.580 in January and hitting a low of $6.113, it oscillates by 24.6%. February sees a range from $2.44 to $1.74, a 28.7% difference. March marks an upswing, with prices between $3.05 and $2.46, a 23% range.

April continues the uptrend, ranging from $11.873 to $8.481, a 28.9% difference. May stabilizes, with a 19.5% range between $12.906 and $10.408. June and July remain steady. From August to December, significant growth is expected, possibly reaching a high of $40.923 and a low of $13.014, indicating a positive trend.

RUNE Price Prediction 2026

When Maximum Price Minimum Price
January 2026 $49.108 $39.603
February 2026 $39.287 $28.062
March 2026 $30.220 $24.371
April 2026 $22.665 $16.189
May 2026 $16.772 $13.526
June 2026 $12.902 $9.216
July 2026 $10.321 $8.324
August 2026 $8.001 $5.715
September 2026 $10.001 $8.066
October 2026 $12.502 $8.930
November 2026 $13.752 $11.090
December 2026 $15.402 $11.002

In 2026, the price prediction of RUNE displays notable price swings, with its value reaching a peak of $49.108 in January and bottoming out at $5.715 in August. These fluctuations underscore the cryptocurrency’s volatile nature and potential for diverse trading strategies.

I will be exiting RUNE and all the alts I hold around January 2026, as I expect the altcoin market to peak around this time.

RUNE Price Prediction 2027

When Maximum Price Minimum Price
January 2027 $18.483 $14.905
February 2027 $14.786 $10.561
March 2027 $11.374 $9.172
April 2027 $9.668 $6.906
May 2027 $8.121 $6.549
June 2027 $6.247 $4.462
July 2027 $4.998 $4.030
August 2027 $3.874 $2.767
September 2027 $4.843 $3.905
October 2027 $6.053 $4.324
November 2027 $6.659 $5.370
December 2027 $7.458 $5.327

In 2027, RUNE’s price predictions depict a range of fluctuations, with the cryptocurrency’s value varying from a maximum of $18.483 in January to a minimum of $2.767 in August.

These price swings underline the volatility associated with RUNE, offering potential opportunities for traders and investors to capitalize on market dynamics.

RUNE Price Prediction 2028-2030

When Maximum Price Minimum Price
January 2028 $8.949 $7.217
February 2028 $7.159 $5.114
March 2028 $6.508 $5.249
April 2028 $5.532 $3.952
May 2028 $4.647 $3.748
June 2028 $4.225 $3.018
July 2028 $5.281 $4.259
August 2028 $6.812 $4.866
September 2028 $8.515 $6.867
October 2028 $10.644 $7.603
November 2028 $11.708 $9.442
December 2028 $13.113 $9.367
January 2029 $9.047 $7.296
February 2029 $10.644 $7.603
March 2029 $13.305 $10.730
April 2029 $15.839 $11.314
May 2029 $17.216 $13.884
June 2029 $20.660 $14.757
July 2029 $19.676 $15.868
August 2029 $16.397 $11.712
September 2029 $20.496 $16.529
October 2029 $25.620 $18.300
November 2029 $28.182 $22.727
December 2029 $31.563 $22.545
January 2030 $30.743 $24.793
February 2030 $36.892 $26.352
March 2030 $35.135 $28.335
April 2030 $29.280 $20.914
May 2030 $36.599 $29.516
June 2030 $45.749 $32.678
July 2030 $50.324 $40.584
August 2030 $56.363 $40.259
September 2030 $54.899 $44.273
October 2030 $65.879 $47.056
November 2030 $62.742 $50.598
December 2030 $52.285 $37.346

RUNE Price Prediction Summary 2026-2030 in USD

When Maximum Price Minimum Price
2026 $49.11 $5.72
2027 $18.48 $2.77
2028 $13.11 $3.02
2029 $31.56 $7.30
2030 $65.88 $20.91

Rune Price Prediction in INR

Year WISE (in INR)
Maximum Price Minimum Price
2023 ₹153.00 ₹222.54
2024 ₹578.83 ₹154.80
2025 ₹3,478.49 ₹484.43
2026 ₹4,223.30 ₹491.50
2027 ₹1,607.98 ₹240.74
2028 ₹1,153.96 ₹265.54
2029 ₹2,809.14 ₹649.36
2030 ₹5,994.98 ₹1,903.17

FAQs about THORChain and RUNE

What is the Price Prediction of RUNE in 2025?

In 2025, RUNE’s price is expected to experience fluctuations, starting at $2.32 in January and possibly reaching $12.52 by December, with a positive trend.

What is the Price Prediction of RUNE in 2030?

In 2030, RUNE’s price predictions exhibit notable fluctuations, with values ranging from a maximum of $20.15 in October to a minimum of $6.40 in April. These price swings emphasize the potential volatility of RUNE’s market.

How much will RLB be in 5 years?

In 2028, RUNE’s price predictions reflect fluctuating values, with the maximum reaching $4.01 in December and the minimum at $0.92 in June. These variations indicate potential market volatility.

What are liquidity pools in THORChain?

Liquidity pools are smart contracts that provide liquidity to the THORChain network. They consist of pairs of assets, such as BTC/ETH, and allow users to swap between these assets while earning fees for providing liquidity.

How can I earn rewards in RUNE?

Users can earn RUNE rewards by participating in THORChain’s liquidity pools or engaging in network activities. Liquidity providers earn a portion of the transaction fees, and there are additional incentives for active participation.

What is the role of governance in THORChain?

Governance in THORChain allows RUNE token holders to actively participate in the decision-making processes of the network. They can propose and vote on protocol upgrades, changes, and improvements, shaping the platform’s future.

What is the purpose of the THORChain wallet Asgardex?

Asgardex is a wallet designed specifically for THORChain users. It allows them to swap assets directly within their wallets, providing a seamless and user-friendly experience for trading.

Can I swap assets between different blockchains using THORChain?

Yes, THORChain’s primary function is to enable cross-chain asset swaps. It supports the exchange of assets from various blockchains, providing interoperability and flexibility.

Can I participate in liquidity pools as a newcomer?

Yes, newcomers can actively participate in THORChain’s liquidity pools by providing assets to the pools. This contributes to the overall liquidity of the network and allows new users to earn rewards.

Final Thoughts: Does RUNE have a future?

RUNE plays a pivotal role in facilitating trustless and efficient asset exchanges. It also contributes to the security and governance of the network, offering additional utility to token holders. Based on the RUNE price predictions and historical data, investing in RUNE in November 2023 could give you a handy short-term return.

But do remember, RUNE exhibits a highly volatile price history, with significant fluctuations projected for the years ahead. In the short term, from November 2023 to December 2023, it is anticipated to experience bullishness, with potential inclines.

Looking further into 2024 and 2025, the forecasts suggest a mix of positive and negative trends, with moments of growth interspersed with periods of correction. The long-term outlook, stretching into 2030, indicates substantial price swings, emphasizing the speculative nature of investing in RUNE. The price of RUNE is expected to touch 20 USD by September 2029, which is around four times its current price of 5.13 USD.

Rune TVL vs Price

Source: Defillama: RUNE TVL vs Price History

In short, for those who are looking to make some good short-term money (50% or more) through RUNE, buying this month could keep you ahead as the RUNE token seems to be in an uptrend.

And only for the patient investors, one can start accumulating RUNE for some serious money during the next bull run which is expected around 2025.

Investors should be aware that the cryptocurrency market is highly unpredictable and influenced by a myriad of factors, including market sentiment, adoption, regulatory changes, and macroeconomic conditions. RUNE token will not be fetching 100% or more without taking risks. If the bull run never comes, you may not be able to make a profit.

However, I personally have an opinion that cryptocurrency will follow the same 4 years circle and we may see a BULL RUN around 2025. Understanding the risks, I am taking positions. I think it is better to invest when the price is 80% below its ATH.

Fundamentally, RUNE’s value is closely tied to the success and adoption of the THORChain platform, making it vulnerable to fluctuations in its ecosystem.

While RUNE offers unique advantages such as liquidity provision rewards, governance participation, and a decentralized ecosystem, and may present opportunities for growth, it’s essential to conduct thorough research, assess risk tolerance, and diversify one’s investment portfolio.