One Cryptocurrency Sustaining Above the Support Levels- THORChain (RUNE)

Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- THORChain (RUNE)

18 July 2024

| Read Time :5:00 Mins

RUNE

Investment Type

Crypto

Risk Level

Action

Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. THORChain (RUNE) is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process. RUNE has a market capitalization of ~USD 1.46 billion (as per TradingView as of July 18, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 127.60 points (~3.34%) to 3944.38 for the week ending July 12, 2024. In the current week starting June 15, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

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