If I had to point to one cryptocurrency that has taken an absolute beating as of late, I would easily say that it was RUNE.
In the last month, we've seen it shed approximately half of it's value in USD, going from roughly $12 to a little over $6 at this point.
At a wider scale, Rune has experienced some crazy ups and downs throughout the last year as well. Not only did it go through the ups and downs of the market at large, but the protocol also suffered a hack and some security issues that sent prices up and down rapidly as good and bad news took turns as time went on.
Rune has seen prices of almost $20 a token in the last year, as well as prices as low as $3.50 a token.
A Reminder
A lot of times when I make a post, I am apt to talk about the USD value of a token or the valuation of a protocol. I have been reminded time and time again that this is not a point to focus on when looking at the long-term future of something. With RUNE specifically, the goal of uniting all blockchains under one decentralized system seems to be the most important goal in all of cryptocurrency in my view. There will be setbacks along the way and the dollar value may not look so enticing at the current moment, but the concept of what is going to be accomplished is revolutionary and world-changing.
If we only believe in things that bring along an enticing dollar valuation, we can be easily manipulated into thinking that one technology is not only more valuable, but more impactful on society than another.
If the THORchain team is successful in developing this protocol and continues to link in every blockchain that they can, RUNE will serve as the glue that holds together an entirely new generation of finance and financial systems.
One of the biggest issues that I see in cryptocurrency is the lack of places where you can easily swap assets between exchanges. Imagine how much of a standstill the world would find itself in if USD could not be instantly exchanged for EURO? The ability to swap currency is vital to the functioning of our world and the economies that power it every day. The same goes for cryptocurrency as more businesses would be apt to use it if they were assured that they could easily swap currencies in order to accomplish their goals.
When I buy into assets, I like to believe in what they stand for and what they are trying to accomplish. Despite a slew of setbacks, RUNE is still here and they are still building something that I truly believe in.
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My name is Rob and I am a prospective law student with interests in cryptocurrency and blockchain. I have enjoyed my time thus far engaging with Web 3.0 and am looking to continue learning more and sharing what I learn through my experience
Posted Using LeoFinance Beta
Rune definitely took a beating but I also believe it's very resilient and it will make a comeback.
In my opinion they add a lot of cool stuff to crypto so I think there is a lot of potential in that project
Posted Using LeoFinance Beta
Tons of potential, they have a little bit of everything over there
It’ll definitely come back
Posted using LeoFinance Mobile
The coolest thing about RUNE is that you can hold it exclusively while getting exposure to any asset supported by THORChain. I recently minted sBTC on ThorSwap. I paid a 0.02 Rune fee and had exposure to BTC. Rune fell and I burned the sBTC and had more RUNE than I did before.
For people that like to trade and keep money on exchanges... RUNE is that while holding the keys.
Posted Using LeoFinance Beta
The single asset staking is an incredible innovation. I have not spent much time working with the protocol, but from reading that, it gets me even more excited than I was
Rune rhymes with the moon. Is it a coincidence? I think not.
Posted Using LeoFinance Beta
This is next level technical analysis
I honestly don't know that much about RUNE, but from the understanding I have, it seems like it can make a decent comeback.
Posted Using LeoFinance Beta
It's moving with the market as everything else. It certainly has a possibility of playing a big role in the future, hopefully price follows
My favorite as far as utility and potential. Reminds me I need to get back into it. Sold mine for polycub. Now gotta get it back.
Posted Using LeoFinance Beta
A tough dilemma as @taskmaster4450le says, where to invest when the funds are limited? I hope your decisions bring you your desired outcome
RUNE has the potential to be a game-changer for the entire crypto industry.
Just wait until privacy coins are integrated!
Posted Using LeoFinance Beta
I'm hype for that. Any related info on that? I haven't heard much about it
No KYC with near endless native liquidity to swap?
Think about the possibilities!
Posted Using LeoFinance Beta
Literally endless, it is shaping out to be a game changing project
Sounds interesting
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RUNE has a lot of great potential, I believe it's the next LUNA, I've been buying the dips using dollar cost average strategy and it's really helping a lot.
Posted Using LeoFinance Beta
Hope it yields some profits for the both of us, the tech is awesome!
I’d love to see that
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I have yet to invest into RUNE but I know a lot of people love it. The feature of staking tokens but leaving it in your wallet is something I really like to but I have a feeling I won't join it until CUB joins Thorchain.
Posted Using LeoFinance Beta
Rune had a rough time. But I believe it can bounce back. It's fundamental are quite solid !
Posted using LeoFinance Mobile
This is the first time am hearing about RUNE, but to my understanding on crypto works because there is always up and down I the market just like what is happening to RUNE and other crypto coin but I believe that there will surely be a comeback.
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A lot of Defi have been working on getting to exchange coins from different exchanges easily. They just need to get traction and soon this problem will be out
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I have not heard of RUNE until just now. Thanks for showing me something new! And also your insights around it.
Posted Using LeoFinance Beta
Sold all of mine a couple of weeks back while the price was high so might be a good time to start stacking up again.
Posted Using LeoFinance Beta
I gave you a follow! Hope you do the same. Looking forward to reading your stuff