CandleFocus RUNE Token in the Red Despite THORChain's Successful Hard Fork
2024-09-06
Author: Content Editor
THORChain, a decentralized exchange platform, carried out a major hard fork to enhance system efficiency and strengthen its decentralized exchange. However, the native cryptocurrency, RUNE, has experienced a significant drop in value. Despite short-term losses, it has seen an increase in the last month. The RUNE price is currently following a downward trend, and its future performance depends on market factors and how the broader cryptocurrency market evolves. The DeFi market has also seen a slowdown, reflected in THORChain's decline in total value locked. Nevertheless, THORChain remains active and recently facilitated a significant BTC-USDC transaction. The platform's technological improvements and activity could pave the way for a potential recovery in the future.
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