Bitcoin Runes records 15.6M NFT transactions in 4 months

Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for a long-term market impact.

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THORChain (RUNE) Prepares for September 2024 Hard Fork

THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)

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THORCHAIN PRICE ANALYSIS & PREDICTION (August 18) Rune Faces Rejection After Testing $4, Can It Overcome This Key Level?

After providing bigger discounts for long-term accumulation earlier this month, Rune increased for two weeks and tested a key level today. It saw a rejection and turned weak, looking poise for a drop on the day. Runes bearish structure remains intact on the daily timeframe, although it has been showing […]

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

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, RUNEs 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. Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million 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 RUNEs 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, OKXs use of Thorchain is primarily in swaps, making the latter a vital part of OKXs swap volume.  In Rayyks thread, OKX and ThorChains swap volume reached 20 million within just one week, showing ThorChains reliability despite the high volume. ThorChains capabilities in swaps involving Bitcoin complement OKXs 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 Trons 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, its getting done. 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. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has A Great Chart 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

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NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental [...]

The post NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling? appeared first on Crypto Breaking News.

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Arthur Hayes reveals philosophy behind Airheads Ordinals collection

Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a Whale Pass.

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THORChain (RUNE) Up 28%: Analyst Targets $8 Short-Term, $54 Long-Term

THORChain (RUNE) is signaling a potential breakout, suggesting that a notable upward movement might be on the horizon. After recently hitting a low of $3.11, RUNE has demonstrated a remarkable resurgence, climbing nearly 28% over the past week. Currently, THORChain is trading at $4.68, with a 24-hour trading volume of $226.70 million. Its market capitalization […]

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THORChain (RUNE) Primed For Big Gains, Analyst Eyes $20 Milestone

Rising as a major competitor for a big breakthrough is THORChain (RUNE). Rune has showed strength, recovering by around 23% during the previous week following a recent fall to $3.10. At $4.22 right now, the coin is attracting both traders and analysts, with some even seeing a solid upward path. Related Reading: $174 In Sight: Analyst Projects Major Surge For Solana (SOL) Market Statistics And Growing Hope With a market capitalization of $1.41 billion and a 24-hour trading volume of $207 million as of the most recent figures, THORChain represents a 0.06% market domination. Driven partly by the bullish phase in the bitcoin market, the token’s recent 2.27% growth in the previous 24 hours shows a good momentum. The market has become more hopeful after Bitcoin’s latest climb beyond the important $65,000 level. Rune like other cryptocurrencies is profiting from this surge of optimism as investors try to profit from the increasing trend. Furthermore predicted to boost the market is the forthcoming release of Ethereum ETFs on July 23rd. Technical Examination Renowned crypto expert Jonathan Carter has underlined in a thorough study THORChain’s potential for notable returns. Carter says that Rune could hit $7.40 if it can effectively bounce off the barrier of declining resistance line. For traders, this level would show a strong comeback and a clear positive indication. #RUNE THORChain is looking great on weekly chart If it can bounce from the descending resistance, the next target is $7.40 A breakout higher could lead to a move towards $20 pic.twitter.com/7DMYarvIdD Jonathan Carter (@JohncyCrypto) July 16, 2024 A better breakout may drive the token near the $20 target. Such an action would indicate a much more significant upside since THORChain can surpass existing resistances and sustain its upward momentum. The bitcoin community has taken notice of this positive view as many of them keep a careful eye on RUNE in search of any indication of a breakout. THORChain Price Prediction Based on forecast, THORChain’s price is predicted to climb by 28.92% and reach $5.76 by August 17, 2024. Several technical indicators corroborate this projection; the Fear & Greed Index shows a 61 (Greed) score while the present mood is neutral. THORChain has registered 16 out of 30 so-called “green days” during the previous month, with a 7.50% price volatility. These elements imply that right now may be a good time to acquire THORChain. General Market Impact And Investor Mood Thanks in part to Bitcoin’s current performance, the positive phase of the larger cryptocurrency market is giving altcoins like THORChain a suitable backdrop. The forthcoming release of Ethereum ETFs is expected to generate more positive attitude into the market, therefore supporting Rune’s rebound and maybe breakout. According to historical trends, the launch of Bitcoin ETFs had a notable favorable effect on the market, pushing many cryptocurrencies to fresh all-time highs. With the rollout of Ethereum ETFs, a similar trajectory is seen to create conditions fit for THORChain to profit from these advantages. Related Reading: Dogecoin Big Rally Ahead: Analyst Sees Most Beautiful Chart Pattern The Road Ahead Mixing technical figures with broader market trends and THORChain’s recent performance paints a positive picture of the currency. Experts note that the potential to hit targets of $7.40 and $20 highlights Rune’s enormous potential. Traders and investors should keep a careful eye on THORChain as a combination of strong technical signs and market figures suggest that a big breakthrough may be imminent. Featured image from Mythology Vault, chart from TradingView

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Bitcoin-Based NFTs: Ordinals and Runes Surge in Market Cap and Popularity, Reports CoinGecko

Explore the growth of Bitcoin-based NFTs, Ordinals and Runes, in market cap and user adoption. (Read More)

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DOG Coin Flip: From 0 to $1B in Record Time

DOG, the latest meme coin sensation is grabbing attention in the crypto community as it’s just $42 million away from reaching a monumental $1 billion market cap. If achieved, the token will become the first meme coin to accomplish this without a single tier-1 CEX listing. DOG so far has flipped another leading token BOME […]

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Did Bitcoin Runes already peak?

Tokens on the Runes Protocol are down from their peak, but don't count them out yet. The protocol is less than three months old  and it's just getting started.

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Runes TXs on Bitcoin tank over 88% in June

Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the past six days, a significant decrease from the record high of 884 Bitcoin on April 24.

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Why is Bitcoin DeFi blooming? Developers share their insights

Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate.

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Fireblocks Integrates with THORChain to Enhance Cross-Chain Settlements

Fireblocks has integrated with THORChain to offer secure custody and transfer of RUNE, enabling seamless cross-chain settlements. (Read More)

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Bitcoin reclaims blockchain dominance post-BTC halving

Bitcoins blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume.

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Bitcoin Runes racks up over 2,500 BTC in fees under 2 months

Runes-related transactions could extend a significant revenue boost for Bitcoin miners after the 2024 halving.

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THORChain (RUNE) Defies Market Trend: Analyst Forecast Surge Towards $12

THORChain’s native token, RUNE, stands out as a beacon of stability and resilience despite the cryptocurrency market sell-off. While other digital assets, including Bitcoin (BTC), grapple with downward pressure, RUNE remains steadfast in its position, exhibiting remarkable resistance to the prevailing market sentiments. In fact, RUNE is doing more­ than just holding its ground. Its […]

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Runes and BRC-20s are just a stepping stone for Bitcoin DeFi

Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.

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Bitcoin Runes reclaim dominance over BTC transactions

Runes recovered to account for the lions share of transactions on the Bitcoin network.

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Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

This weeks Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRocks new tokenized fund.

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