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What are the highest and lowest prices in the history of THORChain(RUNE) currency?
THORChain (RUNE) has experienced a historical price range spanning from $21.26 at its peak to a low of $0.157, influenced by market demand, supply, network adoption, news, and trends in other cryptocurrencies.
Dec 11, 2024 at 04:41 am
What are the highest and lowest prices in the history of THORChain (RUNE) currency?
THORChain (RUNE) is a decentralized cross-chain liquidity network that allows users to swap assets between different blockchains without the need for an intermediary. It is the native asset of the THORChain blockchain and is used for staking, governance, and payment fees.
The highest price of THORChain (RUNE) in history was $21.26, which was reached on May 19, 2021. The lowest price of THORChain (RUNE) in history was $0.157, which was reached on March 13, 2020.
Here is a more detailed look at the highest and lowest prices of THORChain (RUNE) in history:
Highest price of THORChain (RUNE)
The highest price of THORChain (RUNE) in history was $21.26, which was reached on May 19, 2021. This price was reached during a period of significant growth for the cryptocurrency market, as the total market capitalization of all cryptocurrencies reached an all-time high of over $2 trillion. THORChain (RUNE) was one of the beneficiaries of this growth, as it was seen as a promising project in the decentralized finance (DeFi) sector.
Lowest price of THORChain (RUNE)
The lowest price of THORChain (RUNE) in history was $0.157, which was reached on March 13, 2020. This price was reached during a period of significant decline for the cryptocurrency market, as the total market capitalization of all cryptocurrencies fell by over 50%. THORChain (RUNE) was one of the many cryptocurrencies that was affected by this decline, as investors sold off their assets in a panic.
Factors that affect the price of THORChain (RUNE)
The price of THORChain (RUNE) is affected by a number of factors, including:
- The overall demand for cryptocurrencies
- The supply of THORChain (RUNE) on the market
- The development and adoption of the THORChain network
- The news and events surrounding THORChain
- The price of Bitcoin (BTC) and other major cryptocurrencies
Conclusion
The price of THORChain (RUNE) has fluctuated significantly since its launch in 2019. However, it has shown resilience during periods of market decline and has the potential to continue to grow in the future.
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