THORChain (RUNE) posted a 355.68% price increase to a daily high, $ 13.22 when this article was written from a low, $ 2.95 on July 20th.
Two RUNE surge factors are based on:
Reactivation of Ethereum pools
Commerce services for all Ethereum -supported blockchain networks were reactivated on October 21st.
Bitcoin (BTC), Litecoin (LTC), Binance Coin (BNB), Ethereum (ETH), and Bitcoin Cash (BCH) pools.
For the record, trading activities were blocked in the wake of hacking in April.
The reopening of trading activity saw a trading volume of nearly $ 2 million for ERC-20 standard tokens in just minutes.
Trading has been enabled on Ethereum chain.@THORChain restarted all 5 blockchains - $ BTC, $ ETH, $ BNB, $ LTC, $ BCH.
Ethereum LP will be enabled when the pool prices are corrected.https: //t.co/gNyDIEmCkL pic.twitter.com/gIJqA1fFgL
- THORSwap ⚡ (@THORSwap) October 21, 2021
Launch tokens and airdrops
Several new projects on THORChain will be listed on the Thorstarter (XRUNE) platform.
Includes several new products: THORSwap, THORWallet, Brokkr Finance, Skipp Swap, DeFiSwap, and wallet
For the record, the network faced two hacking issues in July. The first time it was hacked, they were blindsided by the loss of around 4,000 Ether (ETH) assets worth $ 16.5 million (based on the current price of 1 ETH).
The second hacking caused THORChain to lose $ 8 million (RM33.2 million).
Even so, THORChain is seen still stealing investors ’attention through its projects.
At the time of writing, RUNE is trading at $ 13.18 with an increase of 18.46% in 24 hours. RUNE needed a jump of over 38% before reaching an all -time high (ATH), $ 21.26 on May 19th.
