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Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

Published 03/01/2022, 04:35 PM
Updated 03/01/2022, 06:20 PM

2021 was a roller coaster of a year for THORChain (RUNE), which saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022.

Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol's recent integration with the Terra and Cosmos ecosystem, an upcoming mainnet launch and the attractive yields offered to liquidity providers.

RUNE/USDT 4-hour chart. Source: TradingView
Wallets and blockchains supported by THORSwap. Source: Twitter (NYSE:TWTR)
APRs offered on THORSwap. Source: THORSwap
VORTECS™ Score (green) vs. RUNE price. Source: Cointelegraph Markets Pro

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