RE: Each RUNE Pullback Becomes Shorter Lived
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There is still plenty of catalyst for demand as thorswap only went live a few days ago, but at some point there will be a break in the action
When you say break in action, do you mean like a mini dip? According to the little experience ive had, people have been burnt by expecting Rune dips......the most recent one was when the mccn went live, people thought it was going to be a "sell the news kinda situation", but the price kept going up.
I feel Thorchain is more important than Uniswap, tech wise, utility wise, incentive wise, and all. So nothing should stop it from moving up to a 3 figure token in a relatively short term. Thorchain is quite a big deal and is extremely undervalued. These prices, all the way to 20$ is a dip in my opinion.
Cheers
Yes, I agree that thorchain is huge and rune should see triple digit prices at some point. I guess what I mean is at some point we won't see a higher high and higher low consecutively like we have been seeing. Which would not be the end of the world, price consolidation is healthy.
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