The power of a community is nothing to sneeze at and it is beyond evident when you look at RUNE.
Granted, they have a rather bad ass platform and tech they are building so that helps, but the belief in it and the HODL'er mentality of the RUNE faithful is top notch and rivals any other crypto in my opinion.
The price chart says it all....
After bottoming out in the mid 3's price has bounced hard and is in the makings of an uptrend. In fact, price has nearly tripled in about a month which is one of the best moves in all of crypto.
Here's the crazy part....
This move has happened during multiple network hacks and the entire blockchain basically being halted. I mean, seriously? Price went up?
That is straight baller status and I understand why many in the leofinance community are bullish RUNE.
I certainly don't own enough of it, but am holding my little moonbag until I can get it all staked and earning me yield.
Gotta stay on high alert for the cap raises which I honestly haven't been paying attention too since before any of the hacks.
In due time....
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One big reason is that binance is now requiring KYC, so a decentralized cross chain exchange like thorchain is going to be that much more important and needed.
100%
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Rune coin is at it bullish rally.it will continue to move up.Just hold it tight.
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Rumor has it that the chain will be back online in October. So hopefully so.
Chain is coming back in stages. First is bep2 trading staring soon. ETH and ERC20 is expected by the end of October depending on audit delays/ bugs found.
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Yup correct.
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It might be because people can't take anything out of the pools of the moment of course!
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Most Rune is still in bep2 or erc20 form, I think like 80%. So there is plenty out there to trade.
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Maybe Binance's KYC is freaking people out then?!?
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LOL, that could be a big part of it too!
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Rune chads are legit. Those in the know understand the network will come back stronger than ever and start sucking liquidity up. Demand for thorchain will only grow as all CEXs continue to add restrictions.
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Yeah, I only see demand growing for this over time.
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This is the first time I ever successfully bought the bottom! I think I got in at $3.36. I am quite happy with the motion thus far, but cannot help think that if everything can get up and running that 10x is not a far off target for the end of the year.
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