Is Thorchain (RUNE) A Good Crypto to Buy? | A Top 10 Market Cap in the Making

in LeoFinance2 months ago

Thorchain (RUNE) has been on my radar for the past 6 or so months now. Prof K was the first one who came to LeoFinance and started talking about RUNE and why he thought the Thorchain project had massive potential to be one of the core projects in all of DeFi and the crypto space.

This clip is from an interview with Prof K back in late November of 2020. We talked about Thorchain and how they are actively building one of the most important projects in the crypto space.

At the time, RUNE was about $0.60-$0.70. This was shortly after the DeFi boom/bust cycle. As RUNE hit $1, many of us thought it would be our last chance to accumulate on the cheap. Eventually, RUNE came back down to $0.40 (in a similar timeline to this recording) and I managed to buy heavily into the project.

Today, RUNE is not only back over $1, but it actually just broke $2 for the first time ever.

This project is still massively undervalued and I think this is just the beginning. Thorchain recently (2 days ago) released an ERC20 bridge for RUNE. This allows RUNE to be pooled on the Ethereum blockchain with protocols like Uniswap and Sushiswap.

This is a sort of temporary measure as more permanent cross-chain infrastructure is built. One thing that I've been waiting for is the native BTC integration - this will allow anyone to pool REAL Bitcoin (not wrapped) with RUNE on the Thorchain cross-chain liquidity protocol.

Right now, we're seeing a lot of positive price action over the recent ETH integration. I think this is just the beginning. If this is any indication of what's to come when BTC is launched, I think $6, $8 and even $10+ are not outside the realm of possibility. A native BTC AMM protocol will radically change the entire DeFi landscape forever.

Needless to say, Thorchain is one of my most bullish investments. I believe that this project can become a top 10 cryptocurrency by market cap not to mention all of the real-world value it brings to liquidity providers and cryptocurrencies themselves.

I've written about Thorchain (RUNE) in the past. If you want to learn more, here is a great article to start with: https://leofinance.io/@khaleelkazi/what-is-thorchain-and-the-rune-cryptocurrency


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So glad I got in at $0.40!

Have you given in and staked any yet?!?

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Me too!

I haven't LP'd any RUNE yet. I have a plan to start around $5-$6

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Sounds like a good in-point!

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I like Rune and the idea behind Thorchain, but I like my Leo tokens more. Maybe if we hit some massive bull run, then I might divest into Rune. Sitting this one out for now, yeah I know, I will probably hate myself,..don't tell me

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Can I borrow some RUNE?

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Was chatting with @taskmasterle yesterday and said it would be great if we could have Rune and some others on Leodex so we could join in on here. I don't know if it is possible or not but there is definitely a huge opportunity for that here as Leo grows.

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I never heard RUNE maximalist until now, but I think it might be a wide used term in time. Getting it to $6 or even $10 would make some nice profits from the entire Leo Finance community that went onboard with it. I think this crypto was well advertised here and even if I got on it at less than $1 I still have a feeling for it.

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Thorchain is going faster in worth great I really glad to hear about thorchain.

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My first time even hearing about this one. Seriously so many cryptos and now tokens on top of that it's enough to make your head spin. Going to go check out your other article on the introduction of RUNE and see what it's all about.

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RUNE is new to me, but it's good to know about this option.

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I just heard about RUNE. Better check it out

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RUNE looks really bullish.

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Got a bag myself and yesterday, I decided to add it to a liquidity pool. Bullish too!

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RUNE, has demonstrated to have much potential to be exploited and the numbers demonstrate it, now it is only a question of hoping that more they can know the recent update and with security it will be between the 10 first currencies of the market.

And to answer the question. Yes, if it is a good crypto to invest, it is a pretty incredible project for the many applications it has.

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I've not really taken RUNE seriously but having read this post I feel the project has some potentials. Of course, I'll do my own research. Cheers!

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Amazed to know about Thorchain RUNE. World is changing so quick. I am already reading about it and would like to learn and gather more info about this.

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