THORChain (RUNE) Hits Self Reported Market Capitalization of $419.03 Million

THORChain (RUNE) traded 13.7% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM ET on February 26th. One THORChain coin can currently be bought for $1.51 or 0.00001720 BTC on major exchanges. THORChain has a total market capitalization of $419.03 million and $1.12 billion worth of THORChain was traded on exchanges in the last day. In the last week, THORChain has traded 26.3% higher against the U.S. dollar.

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

• Taiko (TAIKO) traded down 0.9% against the dollar and now trades at $0.89 or 0.00001013 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.3% against the dollar and now trades at $87,709.95 or 1.00062108 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.8% against the dollar and now trades at $87,476.50 or 0.99795780 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

THORChain Coin Profile

THORChain’s genesis date was May 8th, 2018. THORChain’s total supply is 425,929,713 coins and its circulating supply is 277,975,415 coins. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here. THORChain’s official message board is medium.com/thorchain. The official website for THORChain is thorchain.org.

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.”

Buying and Selling THORChain

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

RUNE/USD price chart by TradingView