THORChain (RUNE) has seen a 10% increase in price over the past 24 hours and a 30% increase since its opening on Friday. Despite this surge, trading volume for the token has decreased by around 15%. However, the altcoin continues to trend on Crypto X. The THORChain ecosystem is gaining popularity due to its working mechanics and infinite use cases. Users believe that the THORChain and RUNE ecosystem is highly underrated, with a team of developers focused on creating a decentralized future.
The affiliate fee collection for the THORChain ecosystem reached an all-time high in October, with approximately 232,000 RUNE collected. This achievement is attributed to streaming swaps, which have boosted affiliates and increased the demand for wallets to integrate with THORChain. Wallet developers have earned almost $500,000 in October alone, providing a sustainable source of income. The THORChain ecosystem also offers lending services, with over 520 loans already open.
Based on technical analysis, THORChain’s price shows bullishness and could potentially break the $2.048 resistance level. However, investors who bought RUNE at a lower price may start booking profits, leading to a potential reversal of gains. In the worst-case scenario, the price could drop below previous levels.
In addition to THORChain, investors are also looking at Meme Kombat (MK), a new gaming platform that offers various rewards for community members. MK has already gained traction in the market and presents opportunities for staking and earning Annual Percentage Yields (APY) as high as 112%. The project is currently in its presale stage.
Meme Kombat allows users to select meme characters they think will win battles while earning from staking their MK tokens. The project prioritizes community engagement and plans to expand its ecosystem through new gaming modes and partnerships. Its strong token distribution strategy ensures that 50% of tokens are allocated to the community in the presale.
Overall, THORChain and Meme Kombat offer unique opportunities for crypto investors looking to participate in decentralized ecosystems and earn rewards through staking and trading.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
