THORChain Price prediction 2022-2026- Will RUNE Price Hit $20 by the end of 2022?
RUNE is used in the payment of transaction fees in the THORChain platform. RUNE was previously launched on the Ethereum blockchain but is present in other blockchains like Binance Smart Chain (BSC).
What is THORChain (RUNE)?
THORChain (RUNE) was launched in July 2019 with Binance Launchpad and migrated to its mainnet in January 2021.
THORChain blockchain is open-sourced and managed by developers who have an interest in the project through Gitlab. It has no founder and director in the THORChain network. Its advancement is achieved through the contribution of developers.
THORChain uses the Tendermint consensus mechanism and audits has shown that it has no vulnerabilities.
Let’s look at the price analysis of THORChain for the coming years.
Price Analysis of THORChain (RUNE)
Flashback: Fundamental Analysis of THORChain
A recent study released by Messari shows that return on investment (ROI) on decentralized finance (DEFI) on THORChain has given the highest yield when compared to other protocols. This has made the coin to remain bullish in the past seven days according to CoinMarketCap.
Also, the migration of THORChain (RUNE) to other blockchains has increased the liquidity mining in RUNE. This has pushed pressure on the market that has made RUNE to have over 100% yield in the past 30 days according to CoinGecko. Terra (LUNA) and Stablecoin Terra (UST) had now been integrated to the THORChain blockchain.
We shall look at charts in this THORChain technical analysis.
https://www.tradingview.com/x/oU58G11a/
From the chart above, we can observe that RUNE had a breakout at the $8.993 resistance2 level. This will lead to a continuous bullish rune to at least $12.4 at resistance3 level. A reversal might happen at that resistance level due to a possible formation of double top.
https://www.tradingview.com/x/gGPBwZNk/
The chart above is for 1day Keltner Channel Indicator for RUNE/USDT. It can be observed that the price of RUNE had surged above the top of the curve. Since the recently formed candlesticks are still bullish, we can expect the price increase to continue.
https://www.tradingview.com/x/3S3AbDL5/
The Relative Strength Index value of THORChain (RUNE) is 77.83. This means that RUNE is in the overbought region since the value lies between 70 and 100. It is important for short-term investors to trade and by with caution due to a possible dip.
The section below shows the price prediction of THORChain for the next five years.
THORChain Price Prediction 2022
If this bullish trend continues, RUNE will trade at least $20 by the end of December 2022. This will be due to increased trading volume which means strong investors activities. With a positive outlook for Bitcoin in the year, RUNE has the possibility of even surpassing it since most cryptocurrencies move in the direction of Bitcoin.
THORChain Price Prediction 2023
By the end of December 2023, the price of THORChain (RUNE) is expected to reach at least $50. This is because of the recent performance of RUNE, which has seen it trade as high at $10.79 from a position of about $3 the same time last year according to Coinmarketcap. History repeats in cryptocurrency. We can expect at least a 300% increase in the price of RUNE by 2023 if it ends the year 2022 at a price of at least $20.
THORChain Price Prediction 2024
By the end of December 2024, the price of THORChain (RUNE) is expected to reach at least $120. This is to expected increased adoption as a result of future partnerships and upgrades in the THORChain ecosystem.
THORChain Price Prediction 2025
By the end of December 2025, the price of THORChain (RUNE) is expected to reach at least $280. This is because of the positive outlook of the previous years which will see RUNE hold support at 200-MA.
THORChain Price Prediction 2026
By the end of December 2026, the price of THORChain (RUNE) is expected to reach at least $400. This will be achieved with a positive forecast for the coin which will increase the user's sentiments to hodl the coin for long-term.
Price prediction of RUNE from different media houses:
THORChain (RUNE) Price Prediction: Market Sentiments
CoinQuora
According to CoinQuora, the price of RUNE will be $20, $$50, $80, $100, and $200 in 2022, 2023, 2024, 2025, and 2026 respectively. This is because of an expected returns on investment of over 1800% that is expected due to upgrades, partnerships, and results of the long term forecast.
DigitalCoinPrice
According to DigitalCoinPrice, the price of RUNE will be at most $13.83, $16.17, $18.41, and $54.60 in 2022, 2024, 2026, and 2031 respectively. This is due to the over 400% increase in the price of the token in the next nine years.
WalletInvestot
According to WalletInvestor, the price of RUNE will be $13.18 and $36.85 by the end of 2022 and 2025 respectively. With upgrades and an increased number of staking activities by investors, the price is expected to give a minimum return on investment of 260% in the next three years.
PricePrediction
According to PricePrediction, the price of RUNE will be $8.91, $27.32, and $182.11 in 2022, 2025, and 2030 respectively. The long-term forecast for the token is expected to reach over 2300% increase in the next eight years according to the technical analysis results.
Our THORChain (RUNE) Price Prediction
By the end of 2022, 2023, 2024, 2025, and 2026, the price of RUNE will reach at least $20, $50, $120, $280, and $400 respectively.
Conclusion
From the fundamental analysis and the market sentiment around THORChain, we can deduce that all analyses are of the opinion that RUNE would be bullish in the future which will be rewarding for long-term investors.