This article was last updated on August 8, 2022
With the current state of the crypto market, many investors are looking to sell their assets. On the other hand, we have investors who believe in crypto and see this opportunity as a discount and an easy way to make money. These same investors are also looking into THORChain price predictions because RUNE is one of the upcoming crypto networks and cryptocurrencies on the market.
This is exactly what we will be covering in this article, including more information about the THORChain network.
If you are new to the crypto space, we highly suggest checking out our dedicated article for crypto beginners. Once you read it, you will have a great foundation and an easier time navigating through the crypt space.
Without further ado, let’s jump right into what THORChain is.
Over the past week, the price of Moonbeam (GLMR) remained around $2.99. The circulation supply is 330 million tokens. The market cap went up to $988 million.
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What is THORChain (RUNE)?
THORChain is a decentralized liquidity protocol, similar to UniSwap. It enables users to swap cryptocurrency assets in a matter of seconds at pretty good rates. This is possible because the swap happens across a number of different networks.
To put this in perspective, you’d have to rely on order books to provide liquidity. That surely is not better than allowing users to quickly and safely exchange one cryptocurrency for another in a permissionless setting.
Market prices here are maintained through the ratio between the different assets in the liquidity pool. If you are familiar with automated market makers (AMM) then you probably know how that works.
THORChain has a native cryptocurrency named RUNE.
The purpose of RUNE is to be a governance and security token. Otherwise, you can simply look at it as the base cryptocurrency of the ecosystem.
Additionally, the taken is part of the THORChain’s Sybil resistance mechanisms.
Can THORChain (RUNE) Reach $50?
THORChain is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $50 but go beyond and reach its past glory.
However, let’s think about it for a moment. The current price of THORChain is around $2, which is far away from its previous all-time high of $20.31. This means it will need a 25x increase in order to reach a price evaluation of $50. With a current market cap of $686 million, this will result in a new market cap of more than $17.1 billion.
This is perfectly doable once the market stabilizes and crypto sees more adoption. If that happens, it will place it in the top 15 cryptocurrencies by market cap, which if we are honest, will probably happen, but not anytime soon.
We truly believe THORChain will reach $50 in the future. We are saying in the future because it won’t be happening in the next 1-2 years, but rather towards the end of the decade.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
So when is THORChain going to reach $50? It will take at least 6 more years, or even 7 if we are being conservative.
RUNE Price Prediction For 2022 – 2030
THORChain’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the THORChain network, global economic conditions, and the price of other cryptocurrencies. However, if THORChain continues to grow as a network at its current rate, it is possible that the price evaluation for RUNE could easily start climbing back to the $10 mark by the end of 2022.
This would represent a significant increase from its current price of around $2, but would still be way below its all-time high of $20.31, reached in May 2021. While THORChain’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022
Some of the financial industry’s top names have lent their weight to THORChain’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to THORChain’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $10 mark in 2022 yet again, which will get it closer to its previous heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect RUNE to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $1.45-1.78.
2023
Many analysts have made THORChain price predictions for 2023, and the general consensus is that the price of THORChain will continue to rise. This is based on a number of factors, including the increasing use of THORChain’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of THORChain will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of THORChain to reach $17.64-$20.11 by the end of 2023.
2024
If the growth for THORChain continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of THORChain will reach at least $29.21, surpassing its previous all-time high. If we let ourselves be a bit more speculative, we’d raise it to $35.11, bringing it closer and closer to its previous peak.
2025
According to many THORChain enthusiasts and their price predictions, RUNE prices may rise dramatically in the trading range between $36.49 and $41.08.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, RUNE price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the THORChain network can significantly expand and develop. In that case, prices may even go as high as $50, very close to its previous ATH, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.
But let’s explore what we have at hand. If a THORChain competitor arises, things can definitely go south for THORChain. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of THORChain dropping by 50-70%, meaning it will go for about $15-$21.22.
2026
Keeping our conservative approach, we won’t try to make ridiculous price predictions for THORChain. Although many believe that by 2026 the price of RUNE will be at least $51.30, surpassing the prediction about RUNE reaching the $50 mark, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that THORChain will be evaluated at anywhere between $45.13 and $48.21.
2027
As the years go by and THORChain continues its expansion and proves its utility we can easily see it going for as much as $61.50. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that RUNE will be evaluated at around $53.11 and $56.86 in 2027, surpassing its previous all-time high. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028
In 2028, if THORChain comes out with new projects and experiences further adoption, we can see it potentially going out from the $50s and reaching a price of $61.21 – $64.55. However, this is mostly optimistic.
On the lower end, we can see RUNE being worth around $55, while on average remaining at around $60.
2029
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think THORChain will be moving at around $71.75 to $73.91 easily in 2029, although we can also see it reaching the $80 mark.
2030
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that THORChain’s price could reach up to $90 by 2030. This would be a significant increase from its current price of around $2. However, it is important to remember that THORChain is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of THORChain, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but THORChain certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For THORChain, if that happens, we can easily make a price forecast that RUNE can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $15. On a brighter note, this is highly unlikely, even though not impossible.
Our Opinion On THORChain (RUNE) Price Predictions
Given the THORChain price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
THORChain is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
Overall, although we believe THORChain will certainly be bullish and we believe in our speculations, we can never be certain.
Conclusion
Taking all of the above into consideration, it would appear that RUNE is a very promising investment. The price predictions for RUNE are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that RUNE will reach the predicted price points. However, if you are looking to invest in cryptocurrency, RUNE is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with THORChain. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of THORChain anytime soon, huge companies are already working hand in hand with THORChain to better their operations.
We will keep an eye on the development of THORChain and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for THORChain.
Related: “TRON Price Prediction”
