THORChain Hits Self Reported Market Capitalization of $833.68 Million (RUNE)

THORChain (RUNE) traded 1.9% lower against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on August 11th. THORChain has a market capitalization of $833.68 million and approximately $76.65 million worth of THORChain was traded on exchanges in the last 24 hours. During the last seven days, THORChain has traded 2.3% lower against the U.S. dollar. One THORChain coin can now be purchased for $3.26 or 0.00005401 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• 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 up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 0.2% lower against the dollar and now trades at $0.0128 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 1% higher against the dollar and now trades at $0.0567 or 0.00000094 BTC.

About THORChain

THORChain was first traded on May 8th, 2018. THORChain’s total supply is 413,650,054 coins and its circulating supply is 255,845,024 coins. THORChain’s official website is thorchain.org. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. THORChain’s official message board is medium.com/thorchain. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here.

According to CryptoCompare, “THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its mainnet was originally launched in January 2021.Mainnet – https://viewblock.io/thorchainERC-20 – https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cbBEP2 – https://explorer.binance.org/asset/RUNE-“

Buying and Selling THORChain

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

RUNE/USD price chart by TradingView