{"id":22912,"date":"2023-08-15T10:00:35","date_gmt":"2023-08-15T10:00:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/heres-why-the-token-is-rising\/"},"modified":"2023-08-15T10:00:35","modified_gmt":"2023-08-15T10:00:35","slug":"heres-why-the-token-is-rising","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/heres-why-the-token-is-rising\/","title":{"rendered":"here&#8217;s why the token is rising"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692089233468-c7fd4d42-565b-4913-bf66-1cdcfbd96254-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692089233468-c7fd4d42-565b-4913-bf66-1cdcfbd96254-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692089233468-c7fd4d42-565b-4913-bf66-1cdcfbd96254-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692089233468-c7fd4d42-565b-4913-bf66-1cdcfbd96254-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>THORChain (RUNE) token price has gained 65% over the past week and 53% over the past month.<\/li>\n<li>There has been a significant surge in social volume around THORChain.<\/li>\n<li>The social volume is driving notable attention toward the cross-chain liquidity protocol.<\/li>\n<\/ul>\n<p>Although the <a href=\"https:\/\/coinjournal.net\/thorchain\/\">price of THORChain (RUNE)<\/a> is still down 10% from its start of the year price, the token has been on a strong bullish trend since the beginning of August. It has risen by 68% since August 1, pushing the price from around $0.92 to the current price of $1.55.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/07\/15\/1692090659788-d5334d29-4591-45da-ab37-d960e0370988.jpg\" class=\"fr-fic fr-dib\" width=\"615\" height=\"435\"\/><\/p>\n<p>While some are super excited with RUNE\u2019s upward trajectory, some are sceptical that the token could experience a pullback seeing that the rise has been so sharp. To fully understand how far the token could rise and the possibilities of a pullback, we shall delve into the factors pushing the price up.<\/p>\n<h2>Why THORChian (RUNE) price is rising<\/h2>\n<p>According to data on Santiment, the THORChain price surge is fueled by a surge in social volume. According to the data, RUNE\u2019s social volume increased by 4,300% between August 7 and August 13, driving significant attention toward the THORChian protocol and its native token.<\/p>\n<p>In addition, THORChain\u2019s positive investor sentiment also grew 6,100% within the same timeline. This further caused RUNE\u2019s trading volume to spike as more investors jumped in.<\/p>\n<p>THORCHian, which is a cross-chain liquidity protocol, in April, partnered with the web3 company Unizen to allow users to swap their <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum (ETH)<\/a> and Avalanche (AVAX) for <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a> while also permitting users to store assets on different chains. This has been a great driver of the increased activity in the THORChain ecosystem.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/thorchain-rune-up-65-heres-why-the-token-is-rising\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) THORChain (RUNE) token price has gained 65% over the past week and 53% over the past month. There has been a significant surge in social volume around THORChain. The social volume is driving notable attention toward the cross-chain liquidity protocol. Although the price [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":22913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22912"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22912"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22913"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}