THORChain Sees Recovery with RUNE Token
The THORChain project has experienced a significant recovery in recent days, with its token, RUNE, increasing by over 9% in the past week and around 6% in the last 24 hours. The price of RUNE initially dropped after a surge in late August but managed to bounce back whenever it hit a support level. However, it faced resistance that caused it to drop again and break previous support levels. Throughout September, the token fluctuated between $1.40 and $1.60 until September 13 when it surged to nearly $1.80, just shy of the resistance at $1.75.
Will RUNE Continue to Grow?
Analysts predicted a significant bullish wave for RUNE after noticing a falling wedge upside breakout on September 14. However, the expected massive gains of up to 50% have yet to materialize. So far, RUNE has only seen gains of around 10%, leaving open the possibility for further growth or unforeseen factors affecting its projected growth.
Bitcoin BSC Presale Raises Over $2 Million
Bitcoin BSC (BTCBSC), a Binance Smart Chain-based token representing Bitcoin from 2011, has garnered substantial interest recently. The project is selling its token for $0.99 to allow users to experience owning Bitcoin when it was worth only $1. The presale has already raised over $2.07 million and continues to grow rapidly, suggesting it may conclude within a few days.
Participants can acquire BTCBSC by exchanging BNB, USDT, or ETH. Once live, the project will focus on staking and release staking rewards every 10 minutes to mimic Bitcoin’s blockchain’s reward system.
Hot Take: RUNE and BTCBSC Show Potential for Growth
The recent recovery of the RUNE token and the successful presale of BTCBSC demonstrate the potential for growth in these projects. While RUNE has yet to reach its predicted gains, it still holds promise for further growth. On the other hand, BTCBSC’s presale has generated significant interest and raised substantial funds, indicating a positive market response. Both projects offer unique opportunities for investors and crypto enthusiasts looking to capitalize on their potential.
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