ThorChain Price Up 27.9% to $4.11 – Where to Buy RUNE

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The crypto market is showing some signs of recovery after a substantial pullback in the past week. Bitcoin has pushed past $30,000, and it is now on the way to making significant gains. This slight recovery has also boosted altcoins’ value, and most of them are currently trading in the green zone. ThorChain is trading at $4.11 at the time of writing after making a 27.9% gain in 24 hours.

RUNE Price Analysis

Source: TradingView

ThorChain was one of the greatest losers in the current market crash. The crash led to a massive decline in value for RUNE after volatility increased significantly. However, RUNE is on the way to recovery, and hopefully, it could amass some of the losses made during the week.

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If the RUNE uptrend continues, it will test the next resistance at $4.50, and if it manages to break past this level, it could retest higher levels of $6.  However, that upswing will heavily depend on the market support that the coin will garner.

On the downside, if market support fails again, we will see RUNE retreating to even lower levels, in which case it could retest lower support at $3.50. Since the coin has already gone lower to this support in the past week, a further retreat in the crypto market will push RUNE’s values to even below $3.

The market crash was only one of the misfortunes that ThorChain suffered in the past week. The platform was the victim of a hack that drained $5 million in liquidity. ThorChain has been commended for the effective way they handled the hack in terms of transparency, and it has restored liquidity on the platform through its Treasury. The platform has also announced a set of measures put in place to avoid further hacks.

Where to Buy RUNE

To buy RUNE, you need to create a cryptocurrency exchange on the following platforms:

  • eToro

One of the leading cryptocurrency exchanges where you can buy RUNE is eToro. eToro is a reputable and secure exchange that offers a wide range of features such as copy trading and a demo trading account. These features are superb for new traders because they allow them to learn about crypto trading.

  • Binance

The other reputable exchange where you can buy RUNE is Binance. Binance is one of the largest exchange platforms. It offers a wide range of cryptocurrencies and trading pairs. Its trading fees are also low.

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