Thorchain (RUNE) Hack Leads to One of the Biggest Accumulation Opportunities in All of Crypto

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Many crypto talking heads have discussed the idea of buying the dip, the accumulation phase of the bull cycle and similar ideas.

This might very well be the accumulation phase for BTC as the big boys load up their bags for the remainder of the bull run.

What I am looking at is RUNE. I think many a LEO has considered buying RUNE - if they haven't already.

Recently, there was an attack (actually 2 attacks) on the Thorchain ETH router.

This caused about 2,000 ETH to get stolen from LPs on multi-chain chaos net.

Despite the bad press of this attack, the Thorchain team has a large treasury and all of these impacted LPs will be made whole anyways.

Chaos net is called chaos net for a reason.

To me, this creates one of the greatest opportunities to accumulate RUNE.

Maybe this bull run is over and we're bound to trend lower in the overall crypto markets...

or maybe this bull market is in an accumulation phase and we're just waiting for a massive breakout to the upside over the rest of the year.

If it's the former, then we'll LP our RUNE and wait out the bear market... accumulating and accumulating and building a MASSIVE position.

If it's the ladder... then we're accumulating as much RUNE right now as possible and $20-$60 RUNE is on the horizon... leading us to a 10x on our accumulation at this price level.

Either way, I'm scooping up all the RUNE I can here and I see that many other LEOs are doing the same.

Posted Using LeoFinance Beta



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22 comments
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(Edited)

i bought a bag today but to be honest this could go to a dollar easily if we enter a prolonged bear market. Im not sure how many people can stand crypto at the moment, i know i'm finding it hard. Most retailers will be shaken out and have lost interest by now but the bear markets as we know drag on and on. I see a cycle of diminishing returns for crypto going foward. The best is over i fear.

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do you think the Bullrun is over and we enter again a multi-year bear market? I hope you are wrong :)

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(Edited)

i think its over personally. I think it crypto will be more and more disappointing for investors from here on out. It just wont work the same cycle after cycle and pessimism will set in. Nearly everyone is aware of crypto now, people who dont fully understand the fundamentals behind it even, its really at beanie baby style craze. Personally i think its over in terms of the best of it, and it will get harder and harder to make it in this market. People buying shiba thinking it will be a Doge repeat are just going to get rekt. Its not how it works in life, you have to be early and you need an element of surprise. I remember i got nervous about EOS years back when i was reading about peoples dads investing in it. These are all red flags to me.
I remember seeing 4 guys on youtube, bitboy crypto, ian bellina, some other guys in May all saying the bull market is not over after the May crash. I was like its over confirmed lol.

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I think some Alts like hive could outperform even if a starts a bear market. BTC and ETH can switch super fast from laser eye to panic mode. Same for Doge and all other meme coins.

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i think eth will be ok, as will Hive they have unique use cases, eco systems that will survive.

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survive for sure. But i would not wonder if btc falls massive, Eth would follow too. Because even 1,8k is 10x from last low :)

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yeah i think the bottom for ETH will be 1k.

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If the Bullrun is over and no altseason follows, i missplayed my hive position :) i would expect after all the development a price over 3$ as high.

Do you think we see 10 cents soon again? IMO i think it could outperform a lot of coins because of the low MC.

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(Edited)

It all depends, the hard fork is a great step foward for investors but it all depends. It needs a rebrand of some kind it needs to look fresher if you ask me, it just comes across as very techy and bland. With some kind of killer rebrand it could do well. It needs to target the crypto youtube market somehow and steer them all over here. This place can get everyone from Twitter to YouTube to Facebook, the demand is there but it needs to become a go to place instead of a niche playground. Troll boxes are great social places to engage and currently there isnt a dencentralised non policed one out there that i know of.

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I see Hive like a Sandbox. We need Smts and Smart contracts. Entrepreneurs and Influencer need the Tools to generate Value and revenue.

Hive for Rewarding is not the best way. And Hive engine Tokens are impossible to list outside of hive.

So we have no solution for builders here. That's why the price sucks. I have something for years in mind to build, but hive has not had the tools I would need for it. Only the social, but that's not enough.

And I'm not alone with it. REAL SMTs that are on the main chain ( Balance) would change everything. So Exchanges could list the token and business could start.

Not every dapp on hive needs social. Think about a Uniswap Dapp here with community talking about the tokens. IMO an amazing cash cow :)

About the sidechain with smart contracts, IMO the sidechain should use Hive as a native token. Like the Binanace Smart chain. It would increase the demand for Hive.

It could be a FORK of Bsc that burns Hive for transactions. And after this is in place to update and decentralize it.

So much potential here.

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I remember seeing 4 guys on youtube, bitboy crypto, ian bellina, some other guys in May all saying the bull market is not over after the May crash. I was like its over confirmed lol.

Remember the Safemoon invest anouncement video from dave portney? it was pretty much the ATH :) next time a perfect sellout call :D

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xD your comment expands all 30 seconds :)

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RUNE is really worth buying t these prices. 10-20x from here is definitely on pages when next bull run phase stats.

Posted Using LeoFinance Beta

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Indeed, this could be a huge opportunity but they have to stop these hacks from happening.

Also I still don't understand how the Thorchain network is decentralized if they can pause the network during an attack, any thoughts on this?

Don't get me wrong, I like RUNE

Posted Using LeoFinance Beta

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I still don't know how to buy RUNE in DeFi? is it possible? with the contracts?

Posted Using LeoFinance Beta

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