THORChain Reaches Self Reported Market Cap of $470.95 Million (RUNE)

THORChain (RUNE) traded 2.6% lower against the US dollar during the 1-day period ending at 7:00 AM Eastern on March 19th. Over the last week, THORChain has traded up 17.5% against the US dollar. One THORChain token can currently be purchased for about $1.44 or 0.00005316 BTC on major exchanges. THORChain has a market capitalization of $470.95 million and $38.63 million worth of THORChain was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 8.1% against the dollar and now trades at $0.40 or 0.00001483 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2% against the dollar and now trades at $0.0675 or 0.00000249 BTC.
• CareCoin (CARES) traded down 2% against the dollar and now trades at $0.0838 or 0.00000309 BTC.
• OmniaVerse (OMNIA) traded 49.2% higher against the dollar and now trades at $0.0013 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 2% against the dollar and now trades at $100.18 or 0.00369574 BTC.
• FEG Token (FEG) traded 2% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 3.7% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 2% against the dollar and now trades at $7,281.76 or 0.26861927 BTC.
• Lego Coin (LEGO) traded down 8.5% against the dollar and now trades at $0.0163 or 0.00000060 BTC.

THORChain Token Profile

THORChain’s launch date was May 8th, 2018. THORChain’s total supply is 498,475,594 tokens and its circulating supply is 326,362,945 tokens. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here. The official website for THORChain is thorchain.org. THORChain’s official message board is medium.com/thorchain. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here.

According to CryptoCompare, “Created in 2018 by CEO and founder Chad Barraford, Thorchain (RUNE) is a decentralized liquidity network for cross-chain cryptocurrency swaps, allowing users to trade their digital assets across various blockchain networks without the need for centralized exchanges. The platform is non-custodial, allowing users to maintain control of their assets.
Thorchain aims to create a trustless and decentralized trading ecosystem with a unique “chaosnet” mechanism that facilitates quick and efficient trades. It also allows users to participate in liquidity pools, earning rewards for providing liquidity to the platform, ensuring that there is always sufficient liquidity available for trading.”

THORChain Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as THORChain directly using US dollars. Investors seeking to acquire THORChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase THORChain using one of the aforementioned exchanges.

RUNE/USD price chart by TradingView