THORChain (RUNE) Hits Self Reported Market Cap of $301.14 Million

THORChain (RUNE) traded 6.2% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM ET on April 3rd. THORChain has a total market capitalization of $301.14 million and approximately $119.31 million worth of THORChain was traded on exchanges in the last day. Over the last week, THORChain has traded down 14.1% against the U.S. dollar. One THORChain coin can now be purchased for approximately $1.08 or 0.00001325 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.7% lower against the dollar and now trades at $82,040.20 or 1.00170250 BTC.
• SolvBTC (SOLVBTC) traded down 3.3% against the dollar and now trades at $81,947.70 or 1.00057303 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About THORChain

THORChain’s launch date was May 8th, 2018. THORChain’s total supply is 425,706,634 coins and its circulating supply is 277,559,914 coins. The official message board for THORChain is medium.com/thorchain. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. THORChain’s official website is thorchain.org. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here.

According to CryptoCompare, “THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet was originally launched in January 2021.Mainnet – https://viewblock.io/thorchainERC-20 – https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cbBEP2 – https://explorer.binance.org/asset/RUNE-“

Buying and Selling THORChain

It is usually not presently possible to buy alternative cryptocurrencies such as THORChain directly using U.S. dollars. Investors seeking to acquire THORChain should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy THORChain using one of the aforementioned exchanges.

RUNE/USD price chart by TradingView