I generally don't praise projects from the crypto market, I share my analysis and write about how the coin has performed and leave it up to the users to decide what they think about that coin and project. Well it is actually a good thing to do our own research so that you do not go in the state of regretting later.
As you all have already read the name of the coin in my heading, let's get started with seeing this coin has actually performed and we will also discuss how we might see this performing in the upcoming bull run. So we are going to talk about Rune, the native token of Thorchain.
Rune token is currently trading at $5.46, it is quite a good price as if we look at the last 30 days performance for this coin, it is already at an up surge of 235% approx.
In last one year the coin has gained almost around 350% and that is based on the price we have seen today. Yesterday the price was above $6 and that is already 30% of this tokens all time high. Keep in mind that the coin is performing like this in the bear market and hence it is actually appreciable in my opinion.
The above screenshot is being taken from coingecko and if you go by yourself you will see that Rune came all the up from $1.11 to $6.40 according to the data on coingecko. This is really insane as the gain in this case is already more than 570% and that is the reason why I am appreciating the performace shown by RUNE in last one year.
Now if we talk about the future possibility and when I say that just remember there is no financial advice coming from my side at all. I am just sharing what i believe and what in my opinion can happen in the next bull run.
I think Rune will easily break it's all time high based on the performance in last one year. If this coin has the capability of gaining more than 500% in the bear market itself, I believe in it to do wonders in the upcoming bull run and so breaking the all time high should not at all be difficult for Rune.
Let us take a look at the details for Rune token below, the screenshot below is again taken from coingecko.
So there are a total of 500 million Rune tokens out of which 300 million roughly are already in the market. The market cap is 1.6 billion dollars and 5-10X even from here should not look like a difficult thing for this coin. Also this coin is already maintaining it's place in the top 50 crypto currencies when we consider the market cap and that is again a plus point for this coin.
It will be interesting to see where will the high for this coin be observed in the upcoming bull run. I am not here to predict the price, I never do that but yes i strongly believe that it can still give 5-10X easily and that means those who invested at $1.11 can make a max gain of 25-50X in the upcoming bull run.
I welcome anyone who wants to share their point of view, I will like to read what people think about this coin. I hope that everyone reading here must have read about this coin somewhere or at least heard about it once in their life.
Congratulations to those who are holding them already and good luck to those who are planning to buy this coin. May we all see massive gains on our holding when bull run arrives.
Thank you