THORChain Price Prediction

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Last Updated April 19th 2024
17 Min Read

Take a look at the current price trends to explore the THORChain price prediction 2022-2030

The cryptocurrency space is still experiencing rapid growth, and there are platforms that are helping to make the market easier to use. THORChain is one such platform. It has attracted millions of users in a few years, and its token has performed wonderfully too. It is, therefore, not surprising that people are beginning to search for THORChain price predictions and forecasts. 

If you are planning to invest in THORChain, finding out how the price of the asset is likely to move in the coming years can be very helpful. It will help you make a sound investment decision and minimize your risks of losing money.

Before we dig into the RUNE THORChain price predictions, let us have a look at some of the unique features of THORChain.

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In keeping with our tradition, we are not going to rush you through these forecasts. Rather, we will discuss several key things you need to know and also discuss how the price of the asset has moved in the past before getting to the price predictions. Read carefully to understand the potential of THORChain and RUNE and then decide whether it is the right investment for you. 

What You Need To Know About THORChain 

THORChain is a decentralized cross-chain exchange that allows cryptocurrency users to easily swap cryptocurrency assets across a range of networks in a non-custodial manner. This means that THORChain users can easily exchange cryptocurrencies across networks without losing custody of their assets. It is currently winning the hearts of many crypto enthusiasts. 

THORChain is a high-level decentralized liquidity protocol. It makes it very easy for cryptocurrency traders to move assets across networks without relying on order books. Rather, the assets are swapped in a permissionless setting. The protocol does not peg or wrap assets but supports seamless swapping of digital assets across a good number of Layer 1 blockchains, including Bitcoin, Ethereum, Binance Chain, Polkadot and more. With THORChain, users don’t have to register for an exchange or go through KYC. 

THORChain is not a little secretive about who the original founders are or how the project was conceived and created. A representative once said there are no founders, directors, or a CEO. What we can confirm is that further development of the project is organized through Gitlab. A good number of experienced but anonymous industry experts are still working on the project and representatives of THORChain claims that the entire secrecy thing is to keep the network completely decentralized. 

The THORChain Token (RUNE)

As you should know already, THORChain has a native currency. This is the asset we are particularly concerned about here. It is the primary investment vehicle on the network and the asset we are going to discuss its price predictions in this article. It is important that we discuss it a little more here. 

The THORChain token is officially called RUNE, which is also its ticker symbol on all marketplaces. This native utility token powers the network and is used in many different ways. Primarily, it serves as a base pair during asset transfer, making it easy for users to transfer assets across networks without losing custody. A 1:1 ratio of ASSET:RUNE is needed for each transfer. 

RUNE is also bonded as collateral by nodes for security staking. A 2:1 bond:stake ratio is needed by nodes, and running nodes determine the direction the network will take. Clearly, THORChain is not just made for traders but also for liquidity providers and node operators. 

RUNE is used as a settlement asset (liquidity). It is also used as a Sybil-resistant security measure on the network to drive economic behaviour. RUNE is also used for governance, though nodes and not individual holders are prioritized in this system. It is also used for incentive purposes in the forms of rewards, charge fees, and subsidies of gas. Finally, RUNE is also used as an Amplifier for assets on THORChain. 

At this point, we need to move to the Price history of the THORChain token (RUNE). From this point, we will use THORChain token, THORChain, and RUNE interchangeably. 

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THORChain (RUNE) Price History 

THORChain was launched through an Initial DEX offering (IDO) through the Binance Decentralize Exchange (DEX) in July 2019. Coingecko started tracking the price immediately and we will use its data for this section. 

On 21st July 2019, RUNE price was traded for $0.0259 per token. By 2nd August 2019, the coin price had dropped to $0.0122. On 5th September 2019, it traded for $0.0172 before dropping significantly to reach an all-time low price of $0.007939 on 27th September 2019. It started improving slowly and by 12th October, it reached $0.0150. 

On 1st November 2019, RUNE price was traded for $0.0192 per token and by 2nd December it had improved to $0.093. It eventually closed the year at $0.0621 per token. 

On 3rd January 2020, ThORChain token (RUNE) traded for $0.0787 per token. By 12th February, it had risen to $0.1144 per token. On 20th March, it RUNE traded for $0.0653. By 3rd April, it traded for $0.0766 before improving again to reach $0.10244 on 27th May 2020. By 10th June 2020, the coin has risen to $0.207 and by 29th July, it had risen to $0.4938 per token 

On 9th August 2020, RUNE traded for $0.661 per token. The coin price rose to $1.02 on 1st September 2020. By 2nd October 2020, it had dropped again to $0.477. On 3rd November 2020, RUNE traded for $0.380 and then rose substantially to $0.772 on 28th November. On 1st December 2020, the THORChain native token traded for $0.854 and by 30th December, it had reached $1.20. 

2021 was a spectacular year for THORChain token as the coin started quite early to gain value consistently. On 2nd January, it traded for $1.29 and by 30th January, it had reached $3.62. On 2nd February 2021, RUNE traded for $4.16 per token and by 28th February, it had risen to $4.53 per token. On 2nd March 2021, the coin traded for $5.21 and by 6th April, it had risen to $9.78. On 28th April, it traded for $14.70. 

On 1st May 2021, RUNE price was traded for $15.40 per token. It grew steadily and reached an all-time high price of $21.26 on 19th May 2021. It started dropping immediately after hitting the high point and by 30th May 2021, it had dropped back to $10.09. The downtrend continued and by 25th June, the coin traded for $6.34. On 23rd July, it reached another low point of $3.58 before starting to move up again. 

On 1st August 2021, RUNE traded for $6.50 per token. On 18th September, it traded for $9.71. On 11th October 2021, THORChain token traded for $7.53 per token and climbed sharply to reach $14.06 on 21st October. On 3rd November 2021, the coin traded for $16.58 and by 1st December, it traded for $11.25. On 15th December 2021, RUNE traded for $6.25 and on 30th December, it traded for $6.77. 

According to this information, we easily predicted the THROChain price Prediction 2021 that the coin regained its lost momentum and hit the $10 mark.

On 2nd January 2022, RUNE traded for $7.39 per token. By 30th January, it had dropped to $4.23. On 2nd February 2022, the coin traded for $4.16 and by 28th February, RUNE price had dropped to $3.49. On 2nd March 2022, the coin traded for $5.54. 

RUNE price chart

THORNChain to USD Chart

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THORChain Forecast: Taking Mentor’s Advice

Below, you’ll get to find some expert opinions on the THORChain price prediction and where the market sees the asset going in the next few years.

Based on our THORChain price forecast and price analysis, a long term price increase is expected, the price prognosis for the next 5 years is $35, which is its maximum price. With a 5-year profitable investment advice, the revenue is expected to be around +350%.  

Wallet Investor

As per our THORChain prediction and fundamental analysis, there are good possibilities for THORChain price to reach $21 in the year end 2023. By 2025, THORChain RUNE/USD might reach $34. And according to THORChain price prediction, by the next five years in the long run it will go way beyond that level.  

CoinSwitch

Based on Long-term forecast and  future RUNE price predictions, the cryptocurrency has been showing a rising tendency and hence, it may be a good investment advice option in the long-term. The future price of RUNE/USD is predicted at $25 over the next 5 years.

GOV Capital

As per many crypto experts and price analysis for THORChain forecast, a great time to invest in THORChain price as it may cross $50 in the next five years!

 Price Prediction 

According to our THORChain technical analysis, at the end of 2022, THORChain prediction should show great potential and could cross $20 as long term increase. 

Trading Beats 

According to THORChain prediction, the future price of THORChain might cross the $25 mark by the end of 2023 and over the next five years, the price would be $42 per RUN/USD.  

Digital Coin Price

Hence in the long term, THORChain price forecasts may have a large fan following brining the RUNE's price to $20 by 2022 and $40 by 2025.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

THORChain Price Predictions: 2022-2030

As a long-term investment, it projects that THORChain could perform better than expected. According to RUNE predictions, the value of the THORChain token could rise to $18 by the very end of 2022, rising to $22 in 2023, and achieving a mean price of $35 by 2025 and $45 by 2030.

Now that we have provided the right amount of background information on THORChain and RUNE and also discussed its price history, it is okay to start thinking of how the price will change in the coming years. You don't have to bother so much about that as we have done the analysis and will present our forecasts in detail soon. 

It is important to state at this point that price predictions of cryptocurrencies, stocks, and commodities are not infallible prophesies. Rather, they are projections made by deep-learning and analysis of the price data of these assets, considering important market factors. It is best to treat them as suggestions of what the prices of the assets could be in the future. 

Below, you'll get to find some  we are going to discuss THORChain price predictions and forecasts for 2022-2030.

THORChain Price Prediction For 2022 

Within the first three months of 2022, THORChain price has fluctuated minimally. Overall, the price has improved marginally from the opening price in January, and we believe that it will continue to improve with time. Our forecasts agree with this outlook. 

If all market factors turn in favor of THORChain , the RUNE coin price shall perform exuberantly, scaling the peak as aforesaid. The price may easily touch $10 by the end of the year 2022. As per our RUNE price prediction, the coin is expected to rise at a decent pace and reach a maximum of $10.30 in June. It will then rise at the same pace and reach a maximum price of $13.23 in December.

THORChain Monthly Price Predictions For 2022 

Are you planning to start investing in THORChain (RUNE) in 2022, then it is important that you understand how the price of the coin will move in the remaining nine months of the year. We have done the analysis and will present the forecasts right away. 

In April 2022, it is projected that RUNE/USD will record a minimum price of $8.63 and reach and maximum price of $9.48. The average price for the month is projected to be $8.96. In May, the coin will record a minimum price of $8.90 and then reach a maximum price of $9.93. The average price of the coin for the month is expected to be in the region of $9.32. 

In June 2022, RUNE coin will likely trade for a minimum price of $9.27 and a maximum price of $10.30. In July, its minimum and maximum prices are expected to be $9.55 and $10.78, respectively. The average price for July is projected to be $9.89 per token. 

In August 2022, it is projected that RUNE value will record a minimum price of $9.95 and a maximum price of $11.27. The average price for the month is expected to be $10.28. In September 2022, RUNE will record a minimum price of $10.28 and reach a maximum price of $11.79. The average price for the month will be around $10.70. 

In October 2022, the minimum price of RUNE is expected to be $10.71 while the maximum price is projected to be $12.32. The average price for the month will be around $11.12. In November the minimum price will not be less than $11.04 while the maximum price will not be more than $12.77. The average price should be about $11.46. 

In December, the last month of 2022, THORChain price prediction will likely record a minimum estimate of $13.23. The average THORChain price forecast of the coin is expected to be in the region of $11.92 per token. Of course, the exact figures may be different from the predicted prices, but what we have here are the most realistic predictions, from an optimistic point of view. 

THORChain Price Prediction For 2023 

If THORChain RUNE can grow at the pace we anticipate in 2022, then 2023 is expected to be another decent year. We do not expect the coin to rise too much in 2023, but there is a good chance that it may outperform our expectations. 

As per our actual RUNE price prediction for 2023, the THORChain coin is expected to record a minimum price of $11.84. THORChain price forecast is also expected to reach a maximum price of $14.35 in 2023. Throughout the year, the average price forecast of the RUNE coin is expected to be in the region of $13.03 per token. 

THORChain Price Prediction For 2024 

There is currently no reason to believe that RUNE will not perform well in 2024. At the moment, the THORChain platform is still attracting users. Though it already has many happy users, the number of users is expected to increase significantly by 2024. 

According to the result of our analysis, the THORChain token is expected to trade for a minimum price of $12.77 in 2024. The THORChain token is also expected to record decent growth and reach a maximum price of $14.98 in the year. The average price per in 2024 is expected to be in the region of $13.54 per RUN/USD token. 

THORChain Price Prediction For 2025 

By 2025, it is expected that many cryptocurrency traders must have learnt of the advantages of using THORChain to swap cryptocurrencies without losing custodial rights. At that point, we believe that the number of users on the platform could be more than 3x what it is now. Of course, this will have a noticeable impact on the price of its token. 

As per our RUNE THORChain price prediction for 2025, the minimum price of the coin is projected to be in the region of $14.78. The maximum price of the THORChain token can then be as much as $18.97. The average price of RUNE in 2025 will be about $16.31 per token. 

THORChain Price Prediction For 2026 

2026 is approximately four years away, and that is enough time for any decent digital currency to grow significantly. A useful token like RUNE is expected to grow at a faster rate than the average cryptocurrency but we need to be as realistic as possible. 

From the result of our data and THORChain technical analysis, we can categorically state here that the minimum price of RUNE in 2026 is not expected to be below $14.98 while the maximum price could be as high as $19.45. The average price of the coin will then be around $17.26, according to our THORChain forecasts. 

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THORChain Price Prediction For 2027 

Do you wish to invest in THORChain and wait for several years to see how far it can go? Then 2027 is a good point to check up and confirm your returns. It is also a good thing to consider how well the token (or any other digital asset at all) will perform in five years’ time. 

If things should move in the way we expect, the minimum price of the THORChain token in 2027 will be around $18.25 while the maximum price could be as high as $24.26. The average THORChain price forecast of the RUNE coin is expected to be in the around  $21.84 in the next 5 years. 

THORChain Price Prediction For 2028 

We know that there are several experienced blockchain developers, software engineers and scientists working on the THORChain project at the moment. Though these individuals are not known, we can tell that they will come up with something better than the wonderful platform we already have. That is another factor that can spur the growth of RUNE as a digital asset. 

As per our THORChain (RUNE) price prediction for 2028, the minimum price of the coin is expected to be in the region of $23.05. The maximum price could then be as high as $29.97. The average price of the coin is predicted to be in the region of $26.69. 

THORChain Price Prediction For 2029 

Already, we’ve stated that THORChain is not just for cryptocurrency traders. The platform has a lot in store for liquidity providers and node operators. By 2029, the number of liquidity providers and node operators on the platform must have improved significantly. The stakes of these big players can have a meaningful influence on the rise of RUNE. 

According to our RUNE forecasts, the minimum price of THORChain token in 2029 could be $28.27. The maximum price of the coin is expected to reach about $36.74. The average price of RUNE in 2029 is projected to be in the region of $32.78. 

THORChain Price Prediction For 2030 

A major project like THORChain is bound to attract several investors and partners. Already, we know that the project is being backed by some notable individuals and entities in the blockchain industry. By 2030, we expect the list of investors and partners of THORChain to improve significantly. Of course, their involvement is expected to have a meaningful impact on the price of the coin. 

According to the result of our long-term THORChain price prediction and technical analysis, the minimum price of the THORChain token in 2030 is likely to be $34.73. The coin is also expected to rise to a maximum price of $40.00. The average price is projected to be in the region of $37.18 per RUNE/USD. 

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THORChain (RUNE) Price Prediction – Conclusion

To summarize, this article has presented our THORChain price prediction for the years ahead taking into account the essential fundamental and macroeconomic factors that may shape future price movements. 

From what we have discussed so far, you can tell that THORChain is a relevant cryptocurrency project. Already, many cryptocurrency traders have realized how helpful it can be and are using it constantly. Some liquidity providers and node operators have also started using THORChain. The number of users is bound to improve with time. Does that mean THORChain (RUNE) is a good buy

It normally follows that when a cryptocurrency platform grows bigger, the price of its native token will respond positively. Therefore, the price of RUNE is expected to rise as the platform grows. 

Judging by its price history, you can tell that RUNE has performed well so far. The price has grown from an all-time low of $0.0079 in September 2019 to its current value of more than $8.00. THORChain ROI, according to CoinMarketCap, is 25909.15%, which is really great. 

Coming to what THORChain (RUNE) could be worth in the future, our forecasts show that the price of the coin is bound to improve in the future. Clearly, it appears as a good investment. 

Before moving on, it is important that we state clearly that RUNE is a volatile asset, just like other cryptocurrencies. The price could rise and fall at any time, so you need to be careful while trading and also learn to monitor the market regularly. Overall, it is a potentially great investment that can yield huge returns. But you must have the stomach for the volatility that characterizes the market. 

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FAQs

Are you willing to start investing in THORChain but have a few questions you need answers to? Here are answers to some of the commonest questions we get about THORChain price predictions and forecasts: 

Is THORChain (RUNE) a profitable investment? 

Yes, THORChain is a profitable investment. It has yielded huge returns for some of its earliest investors and is expected to gain significantly in the coming years. 

Is THORChain a good investment for the future? 

Yes, THORNChain is a remarkable platform that can become a lot bigger and more useful in the future. The native token is also expected to grow and become mainstream in the coming years. In a nutshell, your investment can be worth a lot more in the future if you buy RUNE. 

Will THORChain go up? 

THORChain will rise in the foreseeable future. According to our predictions, the coin can reach a maximum price of $14.35 next year. It is also expected to grow significantly and reach $24.26 in the next five years. RUNE is also projected to reach a maximum price of $40.00 in 2030. It may even perform better than we expect, but we prefer to be realistic and conservative at all times. 

Can THORChain (RUNE) reach $100? 

THORChain can reach $100 but not within the period we have considered. It may take a decade or a couple of decades for that to happen. 

Can THORChain (RUNE) reach $1000? 

We can’t rule out the possibility of RUNE reaching $1000. However, it may take several years or decades for this to happen. 

Where will THORChain be in the next five years? 

In the next five years, our forecast shows that THORChain (RUNE) may trade for a minimum price of $18.25 and a maximum price of $24.26. Of course, it can outperform this prediction or underperform, but what we have here represents the realistic expectations of industry experts. 

What will RUNE be worth in the next ten years? 

Within the next ten years, the price of THORChain RUNE could be anything between $55 and $70 per token. 

Can THORChain (RUNE) crash? 

According to our THORChain price predictions and forecasts, it is unlikely that the RUNE coin will ever crash. Rather, it will grow significantly in the coming years. 

Is THORChain (RUNE) a risky investment? 

THORChain (RUNE) should be considered a risky investment. Just like other cryptocurrencies, it is a volatile asset, meaning that the price can go up and down easily. In spite of that, it is a potential wonderful investment that can yield a huge return. 

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