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In the aftermath of the ThorFi collapse, Rune saw an extended period of price accumulation around the $1.30 floor, with a notable resurgence in recent days. The initial days of the TCY launch showed a series of green candles in Rune's trading chart, reflecting a reversal of its prior sluggishness.
Recent Developments and Price Observations
As of the latest update, Rune had reached about $2, illustrating an upward momentum despite a slight correction in the broader crypto market. Bitcoin, for example, was reported to have dipped, yet Rune retained its positive trajectory, suggesting it might be undervalued amid market corrections.