Cryptocurrency THORChain Rises More Than 11% In 24 hours
Portfolio Pulse from Benzinga Insights
THORChain's cryptocurrency, RUNE, has seen a significant increase of 11.67% in the past 24 hours, reaching a price of $6.51. Over the last week, RUNE has surged by 64%, up from $3.92. Despite the recent gains, it is still below its all-time high of $20.87. The trading volume has risen by 83% over the past week, and the circulating supply has grown by 0.6% to over 300.70 million coins, which is 60.14% of the maximum supply. RUNE's market cap is currently ranked #37, valued at $1.95 billion.
November 16, 2023 | 3:00 pm
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POSITIVE IMPACT
THORChain's RUNE has experienced a significant price increase of 11.67% in the last 24 hours and a 64% increase over the past week, with a current price of $6.51.
The substantial increase in price and trading volume for RUNE indicates strong market momentum and investor interest, which could lead to further short-term gains. The growth in circulating supply suggests increased availability and potential market liquidity. However, as cryptocurrencies are highly volatile, the impact score reflects the current positive trend but with caution due to possible market fluctuations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100