{"id":2646,"date":"2022-03-16T15:53:31","date_gmt":"2022-03-16T15:53:31","guid":{"rendered":"https:\/\/fatburningcoffeetrick.com\/?p=2646"},"modified":"2022-03-16T15:53:32","modified_gmt":"2022-03-16T15:53:32","slug":"thorchain-soars-on-synthetics-thorfi-terra-interest","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2646","title":{"rendered":"THORChain Soars on Synthetics, THORFi, Terra Interest"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h3>Key Takeaways<\/h3>\n<p>THORChain&#8217;s RUNE has surged by nearly 132% since Feb. 28.<br \/>\nThe bullish impulse surrounds the launch of THORChain Synthetics and other features.<br \/>\nNow, RUNE appears to be struggling to slice through stiff resistance.\u00a0<\/p>\n<p>Share this article<\/p>\n<p>THORChain\u2019s RUNE token has doubled in price over the past two weeks amid rising interest in its new synthetic assets feature, Terra plans, and THORFi rollout. While the fundamentals favor the bulls, prices could retrace before advancing further.\u00a0<\/p>\n<h2>THORChain Launches Synthetic Assets<\/h2>\n<p>THORChain is soaring, but RUNE has now met resistance\u00a0after surging by nearly 132% over the past two weeks.\u00a0<\/p>\n<p>The cross-chain network\u2019s native token is trading at $7.67 today after another upward jolt. While most cryptocurrencies in the market have been trading sideways for some time, RUNE has been trending upwards. THORChain launched synthetic assets on Mar. 10 and volume for the new feature has already crossed $200 million. Synthetic assets are derivatives that track the price of another asset. In DeFi, synthetics\u2014or \u201cSynths,\u201d as THORChain refers to them\u2014are popularly used to mint tokens for assets like gold, Tesla, and Bitcoin.\u00a0<\/p>\n<p>THORChain core developer Chad Barraford explained how the new feature would increase transaction speeds and lower fees for users. In a Mar. 9 tweet storm, he wrote that the feature \u201chas half the swap fees, making swaps cheaper, cheap gas fees, and faster for traders.\u201d\u00a0<\/p>\n<p>Meanwhile, the THORChain team is currently preparing to roll out a suite of new features as part of its THORFi upgrade. THORChain has hinted that the upgrade will enable lending and saving, though full details are scarce. The team reportedly shared a document detailing THORFi\u2019s key features with select members of the community, but the team had not responded to <em>Crypto Briefing<\/em>\u2018s request to view the document at press time.<\/p>\n<p>THORChain is also preparing to add support for Terra\u2019s LUNA token imminently. The team has indicated that adding support for Terra is one of the upcoming developments on its roadmap. THORChain and Terra share a close relationship; they were both built on the Cosmos SDK.<\/p>\n<p>As the THORChain team expands the network\u2019s utility, RUNE has benefitted. The asset has gained nearly five points in market value since Feb. 28, outperforming most cryptocurrencies in the market.\u00a0<\/p>\n<p>From a technical perspective, RUNE appears to have encountered a significant hurdle in its uptrend. The 200-day moving average on the daily chart is acting as resistance, preventing prices from advancing further. However, a decisive daily candlestick close above this barrier could help RUNE surge toward $9 or even $12.\u00a0 \u00a0<\/p>\n<p><em>Source: TradingView<\/em><\/p>\n<p>Given the weakness in the crypto and global markets, there is a reasonable chance that investors will take profits if RUNE rises. A spike in selling pressure could push RUNE to the 100-day moving average at around $5.80, and breaching the critical support level could result in another downswing to $4.60.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this piece owned BTC and ETH.<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">A Guide to Yield Farming, Staking, and Liquidity Mining<\/h3>\n<p>\nYield farming is arguably the most popular way to earn a return on crypto assets. Essentially, you can\u00a0earn passive income\u00a0by depositing\u00a0crypto\u00a0into a liquidity pool. You can think of these liquidity&#8230; <\/p>\n<h3 class=\"title\">THORChain Rallies 26% Ahead of Terra Integration\u00a0<\/h3>\n<p>\nThe cross-chain decentralized exchange THORChain has soared 26% today, pushing the network\u2019s native RUNE token up 51% over the past seven days.\u00a0 RUNE Rallies Again THORChain has rebounded ahead of&#8230; <\/p>\n<h3 class=\"title\">THORChain Introduces Dogecoin Support<\/h3>\n<p>\nTHORChain contributors have announced that the cross-chain liquidity protocol has fully integrated the platform\u2019s features for Dogecoin. THORChain\u2019s native DOGE liquidity pool has gone live, allowing users to trade their&#8230; <\/p>\n<h3 class=\"title\">THORChain Jumps 35% on Ethereum Trading Restart\u00a0<\/h3>\n<p>\nTHORChain\u2019s native RUNE token has rallied 35% following the restart of Ethereum trading on the protocol.\u00a0 THORChain Rallies on Ethereum Restart THORChain is back on Ethereum.\u00a0 The protocol\u2019s native RUNE&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/thorchain-soars-synthetics-thorfi-terra-interest\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways THORChain&#8217;s RUNE has surged by nearly 132% since Feb. 28. The bullish impulse surrounds the launch of THORChain Synthetics and other features. Now, RUNE appears to be struggling to slice through stiff resistance.\u00a0 Share this article THORChain\u2019s RUNE token has doubled in price over the past two weeks amid rising interest in its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-2646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2646"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2646\/revisions"}],"predecessor-version":[{"id":2648,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2646\/revisions\/2648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2647"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}