THORChain Price Prediction 2025: RUNE Price Prepares for Long-Term Highs
What's next for Thorchain?
Key Takeaways
- THORChain’s RUNE cryptocurrency recovered in July and is up from the start of 2024.
- The new THORChain lending protocol and a partnership with Binance helped boost the price in September 2023.
- It dropped in 2024, but forecasts are somewhat optimistic.
- Our THORChain price predictions suggest the price could reach $10.20 next year.
THORChain’s RUNE has had a tough period since moving to its own blockchain in June 2022. This downtrend seemingly ended in July 2023, after the price started a six-month upward movement that led to a high of $11.46 in March 2024.
It is possible that the introduction of a lending protocol in August 2023 saw its price shoot up. This was enhanced when the Binance (BNB) blockchain was enabled in September.
However, RUNE has fallen since, and on Nov. 6, 2024, it was worth $5.35. This was, however, up more than 25% from Nov. 4, when it dropped to $4.22.
Let’s now look at our price predictions for RUNE, made on Nov. 6, 2024. We will also examine the THORChain price history and briefly discuss what RUNE is and what it does.
THORChain Price Prediction
Here are the THORChain price predictions from CCN on Nov. 6, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.
We will use the wave count method to arrive at our predictions. 20% will be added and removed from the final target to arrive at the minimum and maximum RUNE price predictions.
| Minimum THORChain Price Prediction | Average THORChain Price Prediction | Maximum THORChain Price Prediction | |
|---|---|---|---|
| 2024 | $4.85 | $6.05 | $7.25 |
| 2025 | $6.80 | $8.50 | $10.20 |
| 2030 | $44 | $55 | $66 |
The most likely wave count suggests that RUNE is in an A-B-C corrective structure that started in June 2023.
If the count is accurate, RUNE is currently in wave C of this structure.
Given waves A:C have the same length and duration, leading to a target of $13.27 in May 2025. Afterward, we can project a lengthy correction, such as the one after the all-time high in 2021.
During these projected upward and downward movements, the wave count method gives a RUNE price prediction of $6.05 and $8.50 for the end of 2024 and 2025, respectively.
Finally, we use the daily rate of increase for the past four years to predict the RUNE price at the end of 2030. Since July 2020, RUNE has increased by 750%, for a daily rate of increase of 0.58%.
Projecting this increase until the end of 2030 gives a THORChain price prediction of $55. Adding and removing 20% to this target gives our minimum and maximum RUNE price predictions.
THORChain Price Prediction for 2024
The wave count method gives a RUNE price prediction range between $4.85 and $7.25 for the end of 2024.
THORChain Price Prediction for 2025
The wave count method gives a RUNE price prediction range between $6.80 and $10.20 for the end of 2025.
THORChain Price Prediction for 2030
Using the daily rate of increase, we arrive at a THORChain price prediction range of $44 to $66 for the end of 2030.
RUNE Price Analysis
Since it’s $2.53 low on Aug. 5, the RUNE price has increased alongside an ascending support trend line. While doing so, it also moved above the $4.90 horizontal area and validated it as support.
Then, a Nov. 4 RUNE crash (black circle) caused a breakdown below both these levels. However, the ensuing bounce confirmed it as a deviation since RUNE is closing above both the horizontal and diagonal levels, confirming them as support.
Despite the bullish price action, technical indicators do not confirm the bullish trend reversal yet. This is because the Relative Strength Index (RSI) is at 50 while the Moving Average Convergence/Divergence (MACD) is at 0, both signs of a neutral trend.
Short-Term RUNE Price Prediction
The RUNE price prediction for the next 24 hours is bullish, suggesting that the price will close above the diagonal and horizontal support and gradually increase to $6.30.
THORChain Average True Range (ATR): RUNE Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Nov. 6, 2024, RUNE’s weekly ATR was 0.227, a sign of low but rising volatility.
THORChain Relative Strength Index (RSI): Is RUNE Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On July 23, 2024, THORChain’s weekly RSI was at 57, indicating a bullish trend.
RUNE Market Cap to TVL Ratio
The Market Cap to Total Value Locked (TVL) ratio measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value.
A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Nov. 6, 2024, the THORChain TVL ratio was 5.4, indicating overvaluation.
RUNE and the CCN Index
The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.
On Nov. 6, 2024, Rune scored 33.2 on the CCN Index, suggesting relatively low momentum.
Best Days and Months to Buy THORChain
We examined the RUNE price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy RUNE.
| Time to Buy RUNE | Days, Weeks Months and Quarters |
|---|---|
| Best Day | Wednesday |
| Best Week | 32 |
| Best Month | November |
| Best Quarter | Fourth |
RUNE Price Performance Comparison
THORChain is a decentralized liquidity protocol, so let’s compare it with other similar projects.
RUNE Price History
Let’s now take a look at the THORChain price history. While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a THORChain price prediction.
| Period | THORChain Price |
|---|---|
| Last Week (Oct. 30, 2024) | $6.16 |
| Last Month (Oct. 6, 2024) | $4.96 |
| Three Months Ago (Aug. 6 2024) | $3.19 |
| One Year Ago (Nov. 6, 2023) | $3.58 |
| Five Years Ago (Nov. 6 2023) | $0.96 |
| Launch price (July 24, 2019) | $0.01712 |
| All-time high (May 19, 2021) | $21.26 |
| All-time low (Sept. 27, 2019) | $0.017 |
THORChain Market Cap
The market capitalization, or market cap, is the sum of the total number of RUNE in circulation multiplied by its price.
On Nov. 6, 2024, THORChain’s market cap was $1.81 billion, making it the 49th-largest crypto by that metric.
THORChain Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 414,360,649 |
| Circulating supply as of Nov. 6, 2024 | 337,804,128 (81.52% of total supply) |
From the Whitepaper
In its technical documentation or whitepaper , THORChain says it is designed to help people trade safely and securely.
It says: “The network is serviced by a group of anonymous nodes who bond a certain amount of the network’s asset and are continuously churned to ensure liveness and prevent capture. The nodes must participate in continuous key-generation ceremonies to create vaults with a virtual private key.”
THORCHain was founded in 2019 by a group of anonymous developers. While this is not uncommon in crypto, investors may want to put their money somewhere where people can be held accountable.
THORChain (RUNE) Explained
THORChain is a decentralized liquidity exchange (DEX) that allows people to create liquidity pools for decentralized exchanges (DEXs). This means that people can then list tokens on DEXes that are not on the platform’s native blockchain.
THORChain, founded in 2019 by a group of anonymous developers, aims to facilitate DEXes’ offering of a wider range of coins and tokens to their customers.
The RUNE coin powers the system.
How THORChain Works
THORChain uses a Proof-of-Stake (PoS) consensus mechanism. This means that people are selected to add blocks to the blockchain and verify transactions based on how much RUNE they hold.
RUNE holders can also vote on changes to the THORChain network. People need to put up or stake RUNE to operate the computers or nodes on the network.
People can also buy, sell, and trade RUNE on exchanges.
Is THORChain a Good Investment?
It is hard to say. RUNE rallied in late 2023, but that year’s year-on-year gain still underperformed against the market.
On the other hand, the introduction of Streaming Swaps suggests that the platform is still developing ideas to make operating it more enticing for people.
As always with crypto, you should do your own research before deciding whether or not to invest in RUNE.
Will THORChain go up or down?
No one can really tell right now. While the THORChain crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in THORChain?
Before you decide whether or not to invest in THORChain, you will have to do your own research, not only on RUNE but on other related coins and tokens such as Uniswap (UNI). Either way, you must also ensure you never invest more money than you can afford to lose.
FAQs
Will THORChain reach $100?
Our price predictions suggest RUNE will not reach $100 in the near future.
What is THORChain used for?
RUNE is used to give holders the right to vote on changes to the THORChain platform, and holders can stake it, or set it aside, in order to operate nodes on the network. People can also buy, sell, or trade it on exchanges.
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