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Market downturn pushes traders towards stablecoins as Bitcoin breaches critical support, impacting the broader altcoin market.

Kujira and its partner join the Rujira Alliance to create a new DeFi app layer for THORChain.

TL;DR Kujira merges with major ecosystem projects to form the Rujira Alliance, aiming to expand THORChain's capabilities and reach. Rujira Alliance to revolutionize DeFi by integrating member strengths, enhancing user experience, and providing seamless access to DeFi services. Introduction of a new native token to facilitate transactions and incentivize participation, driving further engagement and investment in THORChain.

DeFi project Kujira merged with three ecosystem partners to create an alliance to build THORChain's app layer, backed by a new token.

THORChain recently underwent a hard fork, but it wasn't enough for the bulls to gain control of the market.

TL;DR The major THORChain hard fork took place on September 4, but the price of RUNE has dropped 70% in the past six months. RUNE has dropped 12% in the last 24 hours and continues to decline.

THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart.

THORChain price (RUNE) has experienced a noticeable uptick in its value as the broader cryptocurrency market begins to rebound. The price of RUNE is indicating a robust recovery, hinting at positive market dynamics.

RUNE's struggle to break above key EMAs leaves traders eyeing the $3.5 support for signs of a potential bullish reversal.

September is expected to be the beginning of change for the crypto market, which could be a boon for altcoins.

With the crypto market wilting under the weight of these fearful times, three of the higher end altcoins are at, or near, major support levels once again - is this the time to buy?

Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.

THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime.

RUNE, has recently captured the attention of crypto enthusiasts with its impressive performance and potential for significant gains. After a strong week of gains, RUNE has faced a slight setback, but analysts are eyeing a potential 200% surge that could see the token reach $10.

THORChain was about to break above a long-term bullish pattern that could result in a 200% price rise.

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE's trajectory is upward with a whopping 17% gain since last week.

LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks.

LI.FI's integration with ThorChain enhances cross-chain liquidity, simplifying Bitcoin transactions and broadening DeFi platform capabilities. The post LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains appeared first on Crypto Briefing.

THORChain's price increased by more than 13% in the last 24 hours, hinting that it could reach $5 again.

ThorChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash Litecoin. It is a cross-chain decentralized protocol that allows native swaps between different blockchains.

THORChain (RUNE) price has been noting growth over the last 24 hours, but it may not be enough to counter the bearish bigger picture.

The crypto market today shows a slight recovery with the TOTAL market cap of $2.14T and Bitcoin reclaiming the $61,000 mark, Ethereum (ETH) still struggling, XRP getting stronger and Solana (SOL) preparing for a surge in the short-term.

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers.

This collaboration will see THORChain become the backbone of Kujira's DeFi suite, providing deep liquidity. It will also integrate THORChain's native apex assets into Kujira's ecosystem.