THORChain (RUNE) Trading Up 12.7% This Week

THORChain (RUNE) traded 4.7% higher against the US dollar during the 1 day period ending at 8:00 AM Eastern on November 10th. One THORChain coin can currently be bought for approximately $5.91 or 0.00007417 BTC on exchanges. Over the last seven days, THORChain has traded up 12.7% against the US dollar. THORChain has a market cap of $1.55 billion and $300.09 million worth of THORChain was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 3.9% higher against the dollar and now trades at $79,294.59 or 0.99491881 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.8% higher against the dollar and now trades at $79,105.66 or 0.99254824 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

THORChain Coin Profile

THORChain was first traded on May 8th, 2018. THORChain’s total supply is 414,472,395 coins and its circulating supply is 261,513,887 coins. The official website for THORChain is thorchain.org. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. The official message board for THORChain is medium.com/thorchain.

According to CryptoCompare, “Created in 2018 by CEO and founder Chad Barraford, Thorchain (RUNE) is a decentralized liquidity network for cross-chain cryptocurrency swaps, allowing users to trade their digital assets across various blockchain networks without the need for centralized exchanges. The platform is non-custodial, allowing users to maintain control of their assets.
Thorchain aims to create a trustless and decentralized trading ecosystem with a unique “chaosnet” mechanism that facilitates quick and efficient trades. It also allows users to participate in liquidity pools, earning rewards for providing liquidity to the platform, ensuring that there is always sufficient liquidity available for trading.”

Buying and Selling THORChain

It is usually not possible to purchase alternative cryptocurrencies such as THORChain directly using US dollars. Investors seeking to acquire THORChain should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase THORChain using one of the aforementioned exchanges.

RUNE/USD price chart by TradingView