THORChain Reaches Self Reported Market Cap of $437.47 Million (RUNE)

THORChain (RUNE) traded up 4.4% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on July 16th. One THORChain coin can now be purchased for $1.58 or 0.00001325 BTC on popular cryptocurrency exchanges. In the last week, THORChain has traded 14.3% higher against the U.S. dollar. THORChain has a total market cap of $437.47 million and approximately $101.44 million worth of THORChain was traded on exchanges in the last 24 hours.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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.
• 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.
• SolvBTC (SOLVBTC) traded up 1.5% against the dollar and now trades at $118,807.67 or 0.99803007 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.8% against the dollar and now trades at $118,645.85 or 0.99667073 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About THORChain

THORChain launched on May 8th, 2018. THORChain’s total supply is 425,488,104 coins and its circulating supply is 277,414,178 coins. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. THORChain’s official message board is medium.com/thorchain. The official website for THORChain is thorchain.org. 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 US dollars. Investors seeking to trade THORChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase THORChain using one of the exchanges listed above.

RUNE/USD price chart by TradingView