THORChain (RUNE) Price Prediction 2024-2030: Will RUNE Price Hit $15 Soon?

• A highly bullish market condition might force RUNE to hit $16.89 in 2024.
• In 2025, the price might reach $22.50 but could decline to $13.25 in 2026.
• The price prediction for 2030 is a possible increase to $47 by the end of that year.

Finding projects that allow both Bitcoin and Ethereum settlements on its network is usually a hurdle. But with THORChain, users have found a network that oozes the true sense of decentralization.

While the project has its downsides, most users prefer to use it because of the assurance of security that it gives. This is also one of the reasons that its native token RUNE has had an excellent performance over the years.

Recently, RUNE has been swinging sideways like most altcoins but some market participants are still bullish on the token’s future. As such, Coin Edition examines the price predictions of the cryptocurrency, ranging from 2024 to 2030.

THORChain (RUNE) Real Time Market Status

🪙 Name	THORChain
💱 Symbol	RUNE
🏅 Rank	#50
💲 Price	$6.01308486544
📊 Price Change (1h)	-0.63 %
📊 Price Change (24h)	-1.29 %
📊 Price Change (7d)	9.64 %
💵 Market Cap	$2013966193.99
💸 Circulating Supply	334930612 RUNE
💰 Total Supply	413400412 RUNE

What is THORChain?

THORChain is a decentralized liquidity protocol that allows users to secure their assets, and exchange across different networks. The project is one of the few that allows the exchange of both Bitcoin (BTC) and Ethereum (ETH) on its protocol while ensuring that users do not lose custody of their cryptocurrencies.

To achieve this, THORChain combines different technologies. One of them is the TSS protocol which allows cross-chain swap. Others are the state machine and the Bifrotst Signer Module.

In terms of security, the THORChain network is secured by Cosmos Software Development Kit (SDK). This allows a large number of validators to finalize transactions without any hurdle. Apart from this THORChain allows lending and native settlement of assets on its protocol, thanks to its base token known as RUNE.

With RUNE,  users can participate in governance, access liquidity pools, and earn yields from Layer-1 assets like BTC. For more about RUNE, check the next segment.

RUNE Current Market Status

As of this writing, RUNE’s price was $5.85, representing a 10.50% increase in the last seven days. The token’s trading volume also increased by 20% over the previous 24 hours, as its value was $299.25 million.

RUNE is the 50th most valuable cryptocurrency in terms of market cap. It has a market cap of $1.96 billion. Since THORChain is involved with Decentralized Finance, Coin Edition looked at its TVL.

For those unfamilar, TLV is an acronym for Total Value Locked. With the metric, market participants can evaluate the health of any protocol. If the TVL increases, participants are locking their assets in the protocol for more yield. 

On the other hand, a decrease in TVL suggests that assets are being withdrawn. At the time of writing, THORChain’s TVL was $337.13 million. Meanwhile, the maximum supply is unknown but the total token supply is 413.43 million.

Out of this, 334.95 million RUNE tokens are in circulation. RUNE can be bought on Binance, Kraken, Bybit, MEXC, Bitget, KuCoin, and some other exchanges. 

THORChain (RUNE) Price Analysis

Despite RUNE’s price increase within the last week, there is no guarantee that the value of the token will continue to move upwards. As expected, the cryptocurrency might undergo corrections at some point. But what will be the price by the end of 2024 and 2030? This section looks at that.

THORChain (RUNE) Price Analysis – Bollinger Bands

According to the RUNE/USD 4-hour chart, the Bollinger Bands (BB) was expanding, indicating that the price could tap new heights. However, none of the lower or upper bands of the BB touched RUNE’s price.

RUNE/USD 4-Hour Chart (Source: TradingView )

Hence, the token was neither overbought nor oversold. In the short term, an increase in selling pressure could lead RUNE down to $5.62. On the other hand, if buying pressure increases, the price of the token might jump to $6.40.

THORChain (RUNE) Price Analysis – Relative Strength Index (RSI)

In terms of the Relative Strength Index (RSI), Coin Edition noticed that the reading was increasing. An increase in the RSI signal increases a bullish momentum. If sustained, this could foreshadow a higher price for the token.

RUNE/USD 4-Hour Chart (Source: TradingView )

However, it seemed that bears were still lurking around, and ready to nuke RUNE’s price. If this is the case, the price might drop below the $5.70 support. If not, RUNE might be on its way to crossing $6.50.

THORChain (RUNE) Price Analysis – Moving Average Convergence Divergence

At press time, the Moving Average Convergence Divergence (MACD) on the RUNE chart was negative. Typically, positive values of the MACD indicate a bullish momentum. On the other hand, a negative reading suggests otherwise.

RUNE/USD 4-Hour Chart (Source: TradingView )

But one thing observed was that the 12 EMA (blue) and 26 EMA (orange) were around the same spot. This suggests that buyers and sellers had almost the same level of control. Hence, RUNE might trade sideways for the time being.

THORChain (RUNE) Price Prediction 2024

In 2024, it is expected that the price of RUNE will be much higher. However, the token might fail to surpass its all-time high this year due to some factors. Some of the factors might include a decline in development activity on THORChain’s protocol and a considerably low demand level compared to the bull market of 2021.

From a technical perspective, the Auto Fibonacci extension showed that RUNE might extend as high as $11.50 (the 4.236 Fib level). However, that might not happen in a few weeks. Instead, it could take some months according to indications from the Directional Movement Index (DMI).

RUNE/USD Daily Chart (Source: TradingView )

At press time, the +DMI (green) and -DMI (red) were around the same spot, indicating that bulls and bears were in a struggle. But in a highly bullish situation, RUNE’s price might jump to $16.89 in 2024.

THORChain (RUNE) Price Prediction – Resistance and Support Levels

On the daily chart, Coin Edition observed certain support and resistance points for RUNE. First off, bulls seemed to have formed a solid support at $3.90. This is one of the reasons the price has not dropped below since January 2024.

RUNE/USD 4-Hour Chart (Source: TradingView )

Another area of interest was $5.71 which RUNE had flipped earlier but was on the verge of losing. A breakdown below this point could send RUNE back to $5. However, if bulls sustain a hike, RUNE might target the upper hurdle at $8.20.

THORChain (RUNE) Price Prediction 2025

RUNE seems to have a strong correlation with both BTC and ETH. Because of this, the price of the token might rally if both cryptocurrencies jump. From many predictions, the price of BTC and ETH should increase, in 2025. If this is the case, RUNE might also follow, placing the price prediction at $22.50.

THORChain (RUNE) Price Prediction 2026

RUNE’s price might not replicate its 2025 performance by 2026. This is because the bull market might not extend into that year. As such, many traders might exchange their RUNE tokens for stablecoins or fiat. Therefore, the price prediction in 2026 could be $13.25.

THORChain (RUNE) Price Prediction 2027

RUNE’s price might continue to fall in 2027. Although the THORChain team might introduce some upgrades on the network, this might not necessarily influence the price action.  From our price prediction model, RUNE might drop to $10 in 2027.

THORChain (RUNE) Price Prediction 2028

As mentioned before RUNE has a good correlation with Bitcoin, and 2028 would be the 5th Bitcoin halving. Historically, this has been a good year for BTC and tokens with a strong correlation. Therefore, RUNE’s price might jump to $30 by 2028.

THORChain (RUNE) Price Prediction 2029

The price of RUNE might continue its rally into 2029. Also, the project’s community might have increased in number due to the amazing use cases it offers. Should this be the case, the price of RUNE could be $38 in 2029.

THORChain (RUNE) Price Prediction 2030

By 2030, the crypto market cap might have exceeded $20 trillion, meaning prices of many tokens might jump. If this is the case, RUNE would not be left out and its price might hit $47.

THORChain (RUNE) Price Prediction 2040

2040 could be the year that RUNE hits and surpasses the $50 landmark. By this period, the market might have experienced a surge in adoption globally. Besides, lending protocols like RUNE might have become very popular. Thus, RUNE might rally to $65 in 2040.

Minimum Price	Average Price	Maximum Price
$51.19	$58.73	$65.00

THORChain (RUNE) Price Prediction 2050

The price of RUNE might not hit $100 in 2050. However, it might get close to that point but bears might reject the attempt, placing the price prediction at $88.32

Minimum Price	Average Price	Maximum Price
$70.50	$77.04	$88.32

Conclusion

In conclusion, using THORChain might be a good idea considering its impressive decentralized features. However, buying or holding RUNE has its pros and cons. While the price can increase, it could also slide if selling pressure hits it. Therefore, before investing in the token, do your research, and keep an eye on trending developments in the crypto market.

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