There has been a lot of buzz around ThorChain after fresh information about the chain emerged that could change its trajectory RUNEits native token. According to CoinGecko, RUNE’s trajectory is upward, with a staggering 17% gain since last week. This shows that investors believe RUNE has long-term potential as the effects of its latest achievements play out on the platform.
Recently, news broke that ThorChain might be integrated with OKX in the future. This has significantly changed investors’ perspective on the platform, as integration with OKX, a major centralized exchange, will be a massive factor for RUNE’s movement in the future.
Big things to come in the future for RUNE
By user X RayykOKX has been using ThorChain infrastructure in recent months to facilitate transactions. In terms of metrics, OKX uses Thorchain primarily for swaps, making the latter a significant part of OKX’s swap volume.
In Rayyk threadOKX and ThorChain swap volume reached 20 million in just one week, showing ThorChain’s reliability despite high volume. ThorChain’s capabilities for Bitcoin-based swaps complement OKX’s support for Bitcoin-based features like ordinals and BRC-20 tokens.
The news spread that @THORChain can be integrated with @okxweb3.
This is huge because it is supported by @OKXone of the three largest CEX exchanges in terms of volume.
While we wait for the official announcement, follow this thread to see how many transactions have been made through the OKX wallet within THORChain so far.
🧵👇 photo:twitter.com/CX0ZtbHKA6
— Rayyyk (@rykcrypt) August 14, 2024
Swell, a fresh staking platform, has also recognized this opportunity. According to their announcement about their newly launched swBTC, ThorChain will be used for native BTC swaps.
These aren’t the only things ThorChain is currently involved in. In a recent interview, ThorChain leads @jpthor was asked about the fresh platform design. When asked about the possible Tron integration, he replied: “Listen, all I can say is that Telegram chat has been opened, and when Telegram chat is opened, it’s a group chat, it’s done.”
RUNE will continue to grow due to these factors
RUNE is currently at a high support level as it continues to grow amidst the bullish momentum the market is experiencing. At its core, the token is trading in the $3.5-$3.8 price range, which could prove useful in the coming days.
RUNE will break out in the coming days as the hype around it continues to drive investor confidence to its highest level. Considering that the market will continue its upward momentum in the coming days, investors and traders should be able to make huge profits.
The current trading range also opens up $4.4 to recovery in the long term. However, if the market reverses and loses bullish momentum, RUNE could fall to $3.
For now, investors and traders should be able to accumulate funds over the long term by taking advantage of the open opportunities on the blockchain and in the market, allowing them to earn huge profits.
Featured image from Pexels, chart from TradingView
