Key takeaways
- THORChain price predictions anticipate a high of $6.12 by the end of 2024.
- In 2027, RUNE will range between $15.94 and $20.28, with an average price of $16.53.
- In 2030, RUNE will range between $48.50 and $56.22, with an average price of $50.21.
THORChain is a decentralized exchange that allows cross-chain token swaps. This THORChain price prediction adds some spark with many foods for thought. For instance, THORChain is a fundamental innovation for #Bitcoin, creating the most trust-minimized way to buy and sell BTC for other digital assets or stablecoins On-chain, verifiable. The way it was. Wrapped BTC doesn’t suffice.
Despite the hacking incidents two years back, the THORChain project has the strength to become the next biggest DeFi project. The market cap is midsize, but it could eclipse Uniswap since it does the same thing but is significantly better. Imagine Uniswap and Pancakeswap combined into one. But, you can stake your RUNE in a liquidity pool to earn interest and get a chunk of the fees.
Let’s see the nitty-gritty of an overview of the RUNE coin, price history, and technical analysis before we get into the long-term commentary on THORChain price predictions.
Overview
| Cryptocurrency | THORChain |
| Ticker | RUNE |
| Current price | $4.365 |
| Market cap | $1,424,941,831 |
| Trading volume | $166,566,096 |
| Circulating supply | 334,988,201 RUNE |
| All-time low | $0.008513 Sep 28, 2019 |
| All-time high | $20.87 May 19, 2021 |
| 24-hour low | $4.42 |
| 24-hour high | $3.88 |
THORChain price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 14.67% |
| 50-day SMA | $ 3.90 |
| 200-day SMA | $ 5.56 |
| Sentiment | Neutral |
| Fear and greed index | 34 (Fear) |
| Green days | 11/30 (37%) |
THORChain price analysis: Cryptocurrency rises to $4.365
TL;DR Breakdown
- THORChain price analysis shows an upward trend at $4.365.
- Cryptocurrency has gained up to 12.60% of value today.
- THORChain prices seek support around the $4.363 border.
On August 23, 2024, THORChain price analysis revealed an upward trend for the cryptocurrency. The coin value is now $4.365 following the bullish turn in price today. If we talk about the overall market sentiment, it is also positive. Considering the rapidly escalating bullish pressure, cryptocurrency has gained up to 12.60% in value during the day.
RUNE/USD 1-day chart analysis: Coin value climbs past $4.365 hurdle
THORChain price analysis for the day reveals an increasing trend for the cryptocurrency. The coin value has revived up to $4.365 as the 1-day price chart confirms an upturn. Overall, the market sentiment remains positive as well concerning the massive bullish tide today. There are high chances of reversal as the volatility levels continue to increase.
The gap between the upper and the lower ends of the Bollinger bands indicator confirms the market volatility. As the bands continue to expand, this indicates a rising volatility. Currently, the upper Bollinger band, acting as the support, is associated around $4.363 high. Whereas, the lower Bollinger band, serving as yet another support, is present at $2.7600.
The Relative Strength Index (RSI) indicator confirms the ongoing bullish trend. Its value has risen to index 61.90 i.e. quite close to the overbought region. It is till moving upwards, which indicates an upward trend. Moreover, the continual ascending movement of the RSI signifies a positive market sentiment and an upcoming stability within the market.
RUNE/USD 4-hour chart analysis: Bullish rally transcends $4.365 border
The four-hour price analysis of THORChain gives out a highly bullish prediction for the cryptocurrency. Coin value has launched up to $4.365 high considering the rising bullish strength. This is an encouraging scenario for the buyers, and high hope regarding the future price increases. The coin value is now situated above the Moving Average following the rapid upside.
The Bollinger bands are widening which is a sign of increasing volatility. This increasing volatility signifies higher market unpredictability for the cryptocurrency. Moreover, the upper side of the Bollinger bands indicator, acting as the support band, is at $4.2507. Whereas, the lower side of the Bollinger bands, another support, is present at $3.7069.
The RSI indicator has traveled beyond the overbought threshold. Entering the overbought area, its value has peaked up to 70.67 high. This indicates a highly bullish scenario for the cryptocurrency, as the buyers are coming forward to invest and retain the lead. Moreover, the current movement of the RSI indicates a balanced trading environment for the cryptocurrency.
THORChain technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 3.97 | BUY |
| SMA 5 | 3.89 | BUY |
| SMA 10 | 3.67 | BUY |
| SMA 21 | 3.56 | BUY |
| SMA 50 | 3.90 | BUY |
| SMA 100 | 4.68 | SELL |
| SMA 200 | 5.56 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 3.93 | BUY |
| EMA 5 | 3.87 | BUY |
| EMA 10 | 3.75 | BUY |
| EMA 21 | 3.74 | BUY |
| EMA 50 | 3.99 | BUY |
| EMA 100 | 4.47 | SELL |
| EMA 200 | 4.79 | SELL |
Is THORChain RUNE a good investment?
ThorChain is a decentralized liquidity exchange, and users can utilize the network to create liquidity pools. Collections of various cryptocurrencies are locked in the form of smart contracts, and the liquidity pools enable a commodity to be bought and sold at prices the assets are worth at that time. These pools are used to transfer coins over different blockchains. RUNE, being the native token of THRChain, definitely has a bright future in the coming years.
What can we expect from THORChain price analysis next?
THORChain price analysis confirms a highly bullish scenario regarding the ongoing market events. Its value has increased up to $4.365 high as the bulls are now back on track. Moreover, the market sentiment is positive as well as the THORChain coin has gained up to 12.60% of value today. Technical indicators as well as the price charts continue to favor the bulls as the buying activity remains high.
Why is THORChain up?
RUNE has been recovering rapidly for the past 24 hours. The coin has hiked up to $4.365 amidst rising buying pressure, which triggered a recovery. Moreover, the coin has recovered further in the past few hours.
Will THORChain reach $10?
Yes, THORChain should rise above $10 in 2026. During that period, its price will range between $11.50 and $13.68.
Will THORChain reach $50?
Yes, THORChain should rise above $50 in 2030. During that period, its price will range between $48.50 and $56.22.
Will THORChain reach $100?
THORChain price prediction shows that RUNE prices are unlikely to reach $100 before 2030.
Does THORChain have a good long-term future?
According to market analysts, the RUNE cryptocurrency price forecast 2025 indicates that THORChain has a promising future and may surpass $15 in 2027. According to the RUNE price prediction for 2030, the coin may reach its highest price of $56.22.
Recent news/ opinions
- Crypto payments platform BitPay announced that it has integrated ThorChain into its network.
THORChain (RUNE) price prediction August 2024
For August 2024, the THORChain price prediction shows the coin’s ability to swing wildly; the anticipated minimum value of RUNE is $2.78. The price may jump to $4.91, but the average trading price of $3.55 is expected throughout the month.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| August | 2.78 | 3.55 | 4.91 |
THORChain (RUNE) price prediction 2024
For 2024, THORChain price prediction suggests a maximum token price prediction of $6.12, which is almost 50% higher than the current RUNE price. The minimum price is expected to align at $5.42, with the year’s average trading price estimated at around $5.66.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 5.42 | 5.66 | 6.12 |
THORChain (RUNE) price prediction 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | $7.92 | $8.14 | $9.68 |
| 2026 | $11.50 | $11.83 | $13.68 |
| 2027 | $15.94 | $16.53 | $20.28 |
| 2028 | $23.12 | $23.78 | $27.83 |
| 2029 | $33.27 | $34.23 | $39.77 |
| 2030 | $48.50 | $50.21 | $56.22 |
THORChain price prediction 2025
The THORChain price forecast for 2025 sets the high at $9.68. The lowest price for the year will be $7.92, and the average price will be $8.14.
THORChain price prediction 2026
THORChain price prediction shows that the coin is expected to experience more bullish momentum in 2026. According to the predictions, it will range between $11.50 and $13.68, with an average price of $11.83.
THORChain price prediction 2027
The THORChain price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $15.94 and $20.28, with an average price of $16.53.
THORChain price prediction 2028
The RUNE price forecast suggests further accelerating RUNE ’s growth by 2028. According to the THORChain price prediction, the token price will range between a minimum THORChain’s price of $23.12 and a maximum price of $27.83. The average price for the year will be $23.78.
THORChain price prediction 2029
According to the THORChain forecast for 2029, the price of RUNE will reach a maximum and minimum of $39.77 and $33.27, respectively, with a year-round average of $34.23.
THORChain price prediction 2030
The THORChain price prediction for 2030 indicates a price range of $48.50 to $56.22 and an average RUNE price of $50.21.
THORChain market price prediction: Analysts TRX price forecast
| Platform | 2024 | 2025 |
| Digitalcoinprice | $9.20 | $10.88 |
| Coincodex | $ 3.83 | $ 13.09 |
Cryptopolitan’s THORChain (RUNE) price prediction
At present, market sentiment is neutral for THORChain, but it presents the potential to be bullish in the future. According to our predictions, RUNE could achieve a high of $6.12 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $7.92 – $9.68, with an average of $8.14. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
THORChain (RUNE) historic price sentiment
- When RUNE was initially listed on the open market in 2019, its value was $0.01577 on June 25 of the same year.
- There was some movement up and down but, by the end of the following year, it was worth $1.17.
- Early 2021 was a very good time for cryptocurrency and thorchain was able to follow suit, reaching an all-time high of $21.26 on 19 May 2021.
- Regretfully, the market fell later that day, and RUNE had a miserable summer.
- Even so, there was a slight rebound later in the year; on November 2, it hit a high of $17.26, but then fell back to conclude the year at $6.80.
- If 2022 proved to be a poor year for cryptocurrencies overall, RUNE has had to follow the broader market trend as a whole throughout time.
- Things collapsed even though it rose sharply during March, peaking at $13.15 on March 31.
- After several market crashes, it hit a low of $1.45 on June 18, 2022.
- Following the dip, there was a slight recovery, and on August 11, 2022, its value was $3.14.
- Then it was time to plummet once more, and on November 9th, the collapse of the FTX (FTT) exchange caused a slump to turn into a crash, with the price falling below $1.01.
- Following that, there was a slight rebound, and in December 2022, its value was approximately $1.34.
- In 2023, RUNE served typical highs and lows trading in a range of $0.835 to $1.8 from January to June.
- RUNE jumped above $1.4 again in August 2023, while going above $2 in October.
- In December, the RUNE price increased to $6.69, but it closed the year in the $5 range.
- 2024 started with a period of correction over the month of January.
- In February, the coin started a bullish cycle again, and its price peaked at $10.3 on March 15.
- RUNE’s value plummeted to $4.7, losing more than 50% of its total value by April 2024, but its price increased to $6.8 in May.
- A downslide was observed during June and July when RUNE slid to $3.4 from $6, losing 50% again this time.
- In August, RUNE is trading in a range of $2.9 to $4.3.
