Rune Coin Market Cap Performance and Analysis

Rune Coin has seen significant growth in its market capitalization, increasing by over 500% in the past year.

This surge can be attributed to the growing adoption of the Rune Coin platform, which has expanded its user base and increased transaction volumes.

Rune Coin's market capitalization has surpassed $1 billion, making it one of the top-performing cryptocurrencies in recent times.

However, the market is highly volatile, and the value of Rune Coin can fluctuate rapidly.

Rune Coin is a crucial part of the THORChain project, serving as the primary token that powers the entire ecosystem.

The RUNE token is used for governance, allowing owners to vote on which assets or chains to prioritize by providing liquidity to the corresponding pools.

Security is ensured by node operators bonding twice as many RUNE as they contributed to a pool, with the RUNE bonds held as collateral to guarantee their actions align with the network's best interests.

As a settlement asset, RUNE enables swaps between different liquidity pools by ensuring the value of a certain asset reserve held in a pool is equal to the value of RUNE tokens.

Swap fees and block rewards are paid in RUNE coins, providing incentives for participants in the network.

RUNE coins can also be used to pay for gas fees, making them a versatile and essential component of the THORChain ecosystem.

Here's a breakdown of the main functions of RUNE tokens:

The current market capitalization of THORChain is around $1.1 billion, ranking it at #71 in the cryptocurrency market. This information can be found on the CoinMarketCap website.

As of now, the circulating supply of RUNE coins is approximately 347.5 million, with a total supply of 422.6 million and a maximum supply of 500 million. This data is available on the THORChain Statistics page.

The 24-hour trading volume of RUNE is around $304.8 million, which is a significant indicator of market activity.

The current market data for Rune Coin is quite volatile. The current real-time price is $3.26 USD.

RUNE has a trading volume of $0 in the last 24 hours, which is a significant decrease from previous days. This suggests that market activity has slowed down.

In the last 24 hours, RUNE has plummeted by 5.25%, and decreased by 35.10% in the last 7 days. This is a significant decline in value.

The current market capitalization of RUNE is $16,220 USD. This is a relatively small market cap compared to other cryptocurrencies.

RUNE currently ranks #1936 on the market, which is a relatively low ranking. This suggests that the market has not fully adopted Rune Coin.

Here are the current market data for Rune Coin:

RUNE has a maximum supply of 22,530 coins, and a circulating supply of 4,972 coins. This means that a significant portion of the total supply is still locked up or not in circulation.

The all-time high for RUNE is $633.05, which was reached on October 31, 2021. This is a significant increase from the current price.

I'm excited to share with you what I've learned about the Rune Coin Market Data.

Rune Coin is a cryptocurrency that has been around since 2017. It uses a unique consensus algorithm called Proof of Activity (PoA) to secure its network.

The PoA algorithm allows for faster transaction processing compared to traditional Proof of Work (PoW) algorithms. This is because PoA doesn't require miners to solve complex mathematical puzzles.

Rune Coin has a total supply of 21 billion coins, with a maximum supply that will never be reached. This is because the PoA algorithm has a built-in mechanism to prevent inflation.

Rune Coin has seen significant price fluctuations over the years, with its all-time high reaching $1.38 in 2018.

The price of RUNE has decreased to $3.22 as of the latest data, reflecting the dynamic and volatile nature of cryptocurrency markets.

Over the last 24 hours, the price fluctuated by -6.95%. It's essential for traders and investors to monitor such changes closely to understand market trends.

Today's price change for RUNE is -$0.258254, resulting in a -7.45% decrease.

Here's a brief overview of RUNE's performance over the past few months:

The price of THORChain (RUNE) has decreased to $3.22 as of the latest data, reflecting the dynamic and volatile nature of cryptocurrency markets.

Over the last 24 hours, the price has fluctuated by -6.95%, a significant change that traders and investors should be aware of.

If you're tracking the RUNE price, you'll notice that it's down by $0.258254 today, which translates to a -7.45% change.

Looking at the bigger picture, the 30-day, 60-day, and 90-day changes are -48.51%, -41.03%, and -37.05%, respectively.

Here's a summary of the daily changes in the RUNE price:

Rune's highest price ever was a significant milestone, reaching $633.05 on October 31, 2021. This price point marked a peak in the coin's market performance, three years and two months ago.

The impressive price surge of RUNE has left a lasting impression on the market, setting a benchmark for future price fluctuations.

Rune's lowest price ever was a significant milestone, reaching $0.8632 on June 14, 2023.

This low point was a stark contrast to the current market trends, but it's essential to understand the historical context of Rune's performance.

RUNE has a lowest price of $0.8632, which was reached on Jun 14, 2023 (1 year 6 months ago).

It's worth noting that this low price was a temporary dip in the overall market, and Rune has since shown signs of recovery and growth.

THORChain's social signals and traffic metrics are an interesting aspect of its market performance. The project's official X account has a significant following of 262,655.

The Reddit community is also quite active, with a subscriber count of 12,862. This suggests a dedicated group of enthusiasts following the project.

The Telegram channel has 13,445 members, indicating a strong interest in the project's updates and discussions.

THORChain's website has a respectable Domain Rating (DR) of 66 out of 100, which is a sign of its website reputability. This is a positive indicator of the project's credibility.

The website receives 6,671 monthly organic traffic visitors, which is a good sign of its visibility and appeal.

You can buy and trade Rune Coin (RUNE) on numerous cryptocurrency exchanges, including centralized and decentralized platforms.

Binance is one of the most prominent exchanges where you can purchase RUNE, and it's also available on the THORChain AMM, which can be accessed through any ecosystem interface.

If you're looking for a decentralized option, THORSwap is a great choice, allowing you to buy and trade RUNE without the need for a centralized exchange.

The best exchanges for buying and selling Rune are numerous, but some stand out from the rest. Binance is one of the most prominent exchanges where you can buy and trade Rune.

Binance, Kraken, and KuCoin are currently the most active and dominating exchanges for buying and selling Rune. Kraken is another popular option, offering a secure and reliable platform for traders.

Korbit, CEX.io, and BTCTurk are also notable exchanges where you can purchase Rune. These exchanges have a good reputation and are worth considering.

The most popular Rune trading pairs include RUNE/USDT on Binance, Gate.io, and KuCoin. Always conduct due diligence before making any transactions and use a reputable exchange.

To get a sense of the value of RUNE, it's worth checking its current price in local currencies. You can easily find out how much THORChain is worth in other currencies, such as USD or EUR.

RUNE's value can fluctuate rapidly, so it's essential to stay up-to-date on its current price. The price of THORChain, the underlying asset of RUNE, can give you a better idea of RUNE's value.

You can check the current price of RUNE in local currencies at various online exchanges. This will give you a clear picture of its value and help you make informed decisions about buying or selling RUNE.