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.

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.

THORChain (RUNE) is among the altcoin topping charts on Friday as bulls dominate the crypto market. The alt jumped from the daily low of $4.23 to $4.79, a 13.23% increase in the past day. While THORChain mimics revivals in the crypto market, ongoing RUNEPool developments extended RUNE's upside.

THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, and Litecoin.THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network. RUNEUSD pared some of its gains after a pullback.

THORChain (RUNE) has experienced a significant resurgence, with its price climbing 16.4% over the past week, reaching $4.71. This upward trend follows a low of $3.11, highlighting a notable recovery.

Rising as a major competitor for a big breakthrough is THORChain (RUNE). Rune has showed strength, recovering by around 23% during the previous week following a recent fall to $3.10.

As Bitcoin (BTC) heads back towards potential new all-time highs, the altcoins are following in its wake. Solana (SOL) and ThorChain (RUNE) are first among the altcoins to break their down trends.

Despite the recent bounce in the market, there is enough opportunity as many altcoins remain majorly undervalued. Analyst Miles Deutscher said some altcoins could perform exceptionally well if the market gains momentum.

Zengo Wallet launches an in-wallet swap solution powered by THORChain, offering low-fee and secure self-custodial swaps for users.

Hermetica, the developers behind USDh, is taking a page from the Ethena playbook to offer holders a 12% to 25% yield during a bull market.

Fireblocks has integrated with THORChain to offer secure custody and transfer of RUNE, enabling seamless cross-chain settlements.

Over the past 30 days, CryptoSlate data shows that Notcoin (NOT), THORChain (RUNE), Ethereum Name Service (ENS), JasmyCoin (JASMY), and Monero (XMR) have massively outperformed the market. NOT has soared over 170%, while Monero has rebounded 20% over the same period.

Investment company Canaccord Genuity has identified a massive wave of adoption in cryptocurrencies. Exchange coins that might experience growth are becoming more wanted as digital assets gain popularity. DTX Exchange (DTX), Uniswap (UNI) and THORChain (RUNE) have shown promising potential – but one of them stands out. Find out which one.

THORChain launches Trade Assets for efficient and transparent onchain trading.

With $BTC looking ready to make its next big move higher, the altcoins are jockeying for position, and the strongest among them include Solana (SOL), Injective Protocol (INJ), and Thorchain (RUNE).

The cryptocurrency market has recorded a strong bullish reversal by adding 5.52% to its global valuation following the release of the US CPI report for the month of April. Moreover, the price of Bitcoin has successfully reclaimed the $65K mark after recording a jump of 6.87% in its portfolio.

With an overnight jump of 3% in Bitcoin, altcoins are making a turnaround move, boosted by sentiments. Amidst the rising altcoins, RUNE price displays a significant and consistent recovery this week. Starting from the baseline of $4.79, the Thorchain token's value is close to $6.50 within 10 days.

While bitcoin struggles to stay above water at $61,000, there are certain altcoins and memecoins that are pumping. Near Protocol (NEAR), Thorchain (RUNE), Pepe (PEPE), and Trump (MAGA) are among those that are flourishing.

ThorChain (RUNE) is extending its one-week rally, trading above $6.06 after a few days of gradual growth. The asset defied the overall stagnant market mood, recovering from weekly lows of $4.80.

RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, surged by 10% in the last 24 hour moving against the broader market tide. As of press time, the THORchain (RUNE) price is trading at $5.92 with a market cap of just under $2 billion.

Despite increased bearish influence in the cryptocurrency industry, the RUNE price has displayed a jump of over 8% within the past day and 23.16% over the past seven days, indicating a rising bullish sentiment for the altcoin in the crypto space.

THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, and Litecoin.THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network. RUNEUSD showed a minor pullback after a major correction.

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TL;DR Omnity introduces cross-chain transfer functionality for Runes tokens. Runes users can move assets between layer 1 and layer 2 networks. The integration of Omnity with Runes seeks to reduce congestion on the Bitcoin network.

With spot Bitcoin ETFs losing their hype and impacting BTC's flow, the transaction fee of Rune, a standard for token issuance directly on the network, has seen a significant dip. Rune Transaction Fees Slump Amid Declining Interest According to crypto analytics service provider Glassnode, the transactions registered on the Rune Protocol after the Bitcoin halving

TL;DR OKX Jumpstart introduces RUNECOIN mining through Bitcoin staking. Mining will begin on April 29, 2024, at 7:00 a.m., last for 24 hours, and is expected to generate a total of 367,500,000 RUNECOIN in the BTC staking pool. Mainland China, South Korea, and Hong Kong will not be eligible to participate in the event.