RUNE's Remarkable Rise: A Fundamentals-Driven Journey

6 months ago

$RUNE has emerged as a standout performer, offering both seasoned and novice investors a fascinating journey over the last 90 days. With a 3x surge in its value, RUNE's recent performance has undoubtedly turned heads. However, it's crucial to approach this remarkable ascent with a calm and analytical mindset.

Firstly, it's worth noting that, while RUNE has made significant strides, it remains far from its all-time high (ATH) of $20. While such a milestone may seem distant, the price action of RUNE is being steered by robust fundamentals.

The metrics speak volumes. Liquidity fees have surged to an all-time high (ATH) of nearly $2 million per month, showcasing the massive demand and usage of the Thorchain ecosystem. Earnings from liquidity fees are consistently between 40% and 50%, demonstrating the profitability of participating in Thorchain's liquidity pools.

One of the most notable indicators is the number of unique individuals participating in Swapps, which has reached an ATH of nearly 100,000. This reveals a growing and engaged community of users.

In terms of trading volume, Swapp Volume has soared above 2.5 billion, making Thorchain's streaming swaps an attractive option compared to centralized exchanges. The fact that Thorchain can offer better rates than centralized exchanges is a testament to its growing reputation.

Furthermore, the quantity of bonded RUNE stands at an impressive 70-80 million, indicating strong network security and stability.

Additionally, savings on Thorchain have reached an ATH, recently surpassing 40 million, with a significant influx of 10 million added by a single user.

RUNE's journey is marked by a combination of solid fundamentals, a burgeoning user base, and a commitment to innovation. While the ATH of $20 may seem like a distant goal, RUNE's current trajectory demonstrates its potential for continued growth. It's a reminder that in the world of crypto investments, patience and a focus on fundamentals can lead to rewarding outcomes. As seasoned crypto-investors, we can appreciate the value of such a promising asset in our portfolios.