Rune will 15x in 2024! Buy this coin immediately.Technical analysis
Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Makes THORChain Unique?
THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain.
THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed.
THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.
The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else.
THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users.
Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss.
THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
