Cryptocurrency THORChain Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
THORChain's cryptocurrency, RUNE, has seen a 4.1% decrease in price over the last 24 hours, settling at $5.69. Over the past week, the price has dropped by 11.0% from $6.35. The trading volume has decreased by 59.0%, and the circulating supply has slightly decreased by 0.01% to 300.70 million, which is 60.14% of the max supply. RUNE's market cap is currently ranked #40 at $1.71 billion.
November 23, 2023 | 7:00 pm
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THORChain's RUNE has experienced a significant price drop of 4.1% in the past 24 hours and an 11% decrease over the past week, with a corresponding decline in trading volume and a slight reduction in circulating supply.
The price of RUNE has been on a downward trend, which is typically a bearish signal for short-term investors. The decrease in trading volume suggests lower investor interest, which could further pressure the price. The slight decrease in circulating supply is not significant enough to counteract the negative price action.
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