CandleFocus THORChain (RUNE) announces plans to expand DeFi on Bitcoin
2024-09-27
Author: Content Editor
THORChain, a liquidity protocol, has announced plans to bridge DeFi to Bitcoin, a move that aims to enhance its decentralization efforts. The protocol's total value locked (TVL) has grown significantly over the past year, reflecting its increasing presence in the digital asset space. THORChain operates as a decentralized liquidity platform, regularly adding and removing nodes to maintain decentralization. The recent announcement has caused a surge in the price of THORChain's native token, RUNE. The cryptocurrency sector as a whole has experienced positive growth recently, with Bitcoin's price climbing and renewed attention from investors. Analysts are bullish on BTC and expect it to reach $80K, which would likely benefit altcoins like RUNE. RUNE has already displayed recoveries and experienced a significant price jump. With the positive momentum in the market and the potential for Bitcoin to hit new highs, RUNE could see unprecedented peaks.
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