THORChain (RUNE) Trading Down 5.8% This Week

THORChain (RUNE) traded down 2.7% against the dollar during the 24 hour period ending at 11:00 AM E.T. on July 28th. THORChain has a market cap of $1.19 billion and $143.88 million worth of THORChain was traded on exchanges in the last day. During the last seven days, THORChain has traded down 5.8% against the dollar. One THORChain coin can now be bought for about $4.55 or 0.00006723 BTC on exchanges.

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

• KILT Protocol (KILT) traded down 1.6% against the dollar and now trades at $0.19 or 0.00000274 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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.
• Lumi Credits (LUMI) traded down 0.8% against the dollar and now trades at $0.0133 or 0.00000020 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About THORChain

THORChain launched on May 8th, 2018. THORChain’s total supply is 413,624,629 coins and its circulating supply is 260,689,021 coins. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here. The official message board for THORChain is medium.com/thorchain. The official website for THORChain is thorchain.org. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here.

According to CryptoCompare, “Created in 2018 by CEO and founder Chad Barraford, Thorchain (RUNE) is a decentralized liquidity network for cross-chain cryptocurrency swaps, allowing users to trade their digital assets across various blockchain networks without the need for centralized exchanges. The platform is non-custodial, allowing users to maintain control of their assets.
Thorchain aims to create a trustless and decentralized trading ecosystem with a unique “chaosnet” mechanism that facilitates quick and efficient trades. It also allows users to participate in liquidity pools, earning rewards for providing liquidity to the platform, ensuring that there is always sufficient liquidity available for trading.”

Buying and Selling THORChain

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

RUNE/USD price chart by TradingView