Cryptocurrency THORChain's Price Increased More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
THORChain's cryptocurrency, RUNE, has seen a price increase of 8.87% in the last 24 hours, reaching $5.74. Over the past week, it has gained 6.0%, rising from $5.37. Despite the recent gains, it is still well below its all-time high of $20.87. Trading volume has decreased by 3.0% over the past week, while the circulating supply has slightly decreased by 0.09% to 300.70 million coins, which is 60.14% of the maximum supply. RUNE's market cap is currently ranked #38 at $1.73 billion.
November 28, 2023 | 3:00 pm
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POSITIVE IMPACT
THORChain's RUNE has experienced a significant price increase of 8.87% within the last 24 hours, and a 6% increase over the past week, indicating a strong short-term bullish trend.
The price increase of RUNE is directly related to the asset's performance and is a strong indicator of investor interest and market momentum. The short-term impact is likely positive due to the recent price trend and the decrease in circulating supply, which could imply a higher demand for the available coins. However, the decrease in trading volume could indicate less trading activity, which might temper the short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100