RUNE Up 17% After Talks Of Major Partnership Hit The Market – Details

Christian Encila

10 months ago

3 mins read

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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.

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.

Word is out that @THORChain may be integrated into the @okxweb3.

This is huge because it is backed by @OKX, one of the top 3 CEX by volume.

As we await the official announcement, follow this thread to see how much volume OKX wallet has transacted with THORChain so far.

🧵👇 pic.twitter.com/CX0ZtbHKA6

— Rayyyk (@rykcrypt) August 14, 2024

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.

RUNE will break through in the coming days as the hype continues to push investor confidence at its highest. With the market continuing its upward momentum in the coming days, investors and traders should be able to get massive gains.

The current trading range also opens up $4.4 for retaking in the long term. However, if the market does a reversal and loses the bullish momentum it has, RUNE might fall to the $3 price floor.

For now, investors and traders should be able to accumulate in the long term with open opportunities on-chain and on the market for massive gains.

Featured image from Pexels, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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