CandleFocus Will THORChain’s New Integration Impact RUNE Price?
2024-10-28
Author: Content Editor
THORChain recently integrated with Ledger Live, allowing users to swap assets across blockchains without relying on wrapped tokens or third-party solutions. The collaboration quickly gained traction, with Ledger Live recording over $2.6 million in swap transactions. This week, BTC swaps launched on Jumper Exchange, further simplifying cross-chain exchanges. THORChain has ambitious plans to increase its system income, cut block rewards, and increase the burn rate to bolster the value of its token, RUNE. Ledger's integration has fueled user engagement on THORChain, and analysts predict that it could add $500 million to $1 billion in new monthly flows. October saw record-breaking swap transactions and increased node activity on THORChain, and the price of RUNE is showing an uptrend, potentially leading to a bullish breakout. With the continuous development and strategic partnerships of THORChain, the ecosystem appears ready for sustained growth, highlighting the long-term potential of RUNE.
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