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Market Cap
$ 2,234,796,975
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Total Volume
$ 250,725,404
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24 Hour
-3.59%
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7 Day
-4.70%
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THORChain Price Prediction: 2024, 2025, 2030

THORChain price prediction, RUNE’s price has dumped by -3.59% in the last 24 hours.
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THORChain
Price Prediction
THORChain, RUNE could hit $10.12 in 2024
THORChain’s price prediction for the most bearish scenario will value RUNE at $5.35 in 2024.
THORChain’s previous All Time High was on 19 May 2021 where RUNE was priced at $20.87.

THORChain’s price at the same time last week was $6.60. It has moved by -4.70 % in the past week and is currently at $6.69. Infact, in the past 24 hours, RUNE has dumped by -3.59 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and RUNE could hit $10.17 in 2025.

The total circulating supply of THORChain as of writing this article was $334,592,100 and the marketcap of RUNE remains at $2,234,796,975

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

RUNE price prediction: Key highlights

 

1. Primary support and resistance levels

  • Within the weekly chart, $0.9 was established as the lowest support.
  • $19 can likely prove to be a significant barrier to an uptrend.

2. Market sentiment

  • In May 2024, the market sentiment has been observed to be slightly bullish.

3. Predictive forecasts

  • Future forecasts from our AI/ML algorithms project RUNE to trade at an average price of $100 in 2027 and $1,000 in 2030.

Stay informed on RUNE’s future trajectory via an extensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

 

RUNE technical analysis: Price pumps as the broader market bleeds

 

So far, 2024 has been an exceptional year for crypto, with major altcoins recording massive gains and then subsequently shedding them. Nonetheless, RUNE’s recent movements point to it taking an alternative route. This prompts a detailed look at THORChain's price prediction in 2024 and beyond.
 

At the outset, RUNE underwent a depreciation that pushed its valuation below the critical $1 mark. By June, the lowest support at $0.9 was compromised. However, the buyers regrouped and stabilized the price over this level. After a brief rest, the bulls elevated the price to test $1.8. The rally lacked sufficient strength to stay decisively above this level.
 

The market dynamics shifted favorably in October, supported by a string of positive developments within the ThorChain ecosystem. According to AMBCrypto’s report, the network saw a record-high monthly trading volume of $3 billion, a 51% increase in decentralized finance (DeFi) Total Value Locked (TVL), and a surge in the value of its native token by over 45%

 

This growth propelled RUNE to test the upper resistance level at $7.2. Nevertheless, the market soon experienced a correction due to overextended conditions. By mid-January, buyers managed to stop a reversal by holding $4.2 as a base. This was used as a springboard to initiate another rally in February.

 

Thereafter, a considerable price pump in March flipped $7.2. This surge was triggered by ThorChain’s move to burn 60 million RUNE tokens from its Standby Reserve. This action, which reduced the token's overall supply by 12%, aimed at expanding the network’s lending capabilities.

 

Following this development, RUNE reached a new peak barrier at $9.5. During this period, the network surpassed its previous benchmarks by achieving a total monthly trading volume exceeding $10 billion for the first time.

 

Despite this achievement, the token faced a significant sell-off the following month due to its overbought status. The broader market downturn amplified the losses. Consequently, RUNE dropped below $7.2 before finding strong support at $5.1

 

As the calendar turned to May, the price recovered slightly despite a generally stagnant market environment. At press time, the asset traded at $6.5. This was buoyed by the launch of THORNode v132, which introduced several enhancements, including better loan closure execution and reduced transaction fees on the layer-1 network. These improvements, along with ongoing Quality of Life updates, could further fuel the uptrend.

 

This momentum can push RUNE past the peak chart barrier, setting $11 as the next target. A lasting bull run can even see it revisit its all-time high (ATH). However, that would necessitate overcoming a significant barrier at $19.

 

Our predictive models suggest a prolonged bullish outlook for RUNE. According to these projections, the token is expected to trade at an average price of $100 by 2027. By 2030, the models are even more optimistic, estimating that the asset could reach an average trading price of $1,000. This substantial increase is likely predicated on continued positive developments within the ThorChain ecosystem, such as enhancements in network capabilities, expansions in DeFi utility, and broader adoption of its technology.

 

Meanwhile, if the bears take hold, the current support would become a target for them. If it falters, $4.2 can once again prove its resilience to hold off declines. Given that this level is compromised, the price can tumble close to $3.3, turning the trend bearish.

 

RUNE's 2024 roadmap: Key indicators to watch and trade

  • The Awesome Oscillator (AO) crossed the zero line in late August. The momentum gained strength in November, followed by a loss of positive values in the subsequent month. 
  • This pattern repeated in mid-February. At the time of this analysis, the AO had decreased to 0.394. This represented a brief loss of bullish strength.
  • The price flipped the 20 Exponential Moving Average (EMA) into a support level by August. Between September and October, the price showed modest increases above the 50 EMA before making a decisive move above this average in late October. This movement culminated in a golden cross formation in November, signaling a sustainable bullish trend.
  • By the latter half of January, the price approached the 20 EMA but soon picked up the pace. However, a downturn in Q2 2024 caused the price to dip momentarily below the 20 EMA. As the analysis concluded, the price had slightly moved above it again. It hinted at a resurgence of buying momentum.
  • After remaining low for the initial three months, trading volume surged in line with the uptrend. Although rejections saw a slight downtick in volume, it did not fall to initial lows. This suggested sustained interest and activity in the market.
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THORChain Price Prediction

THORChain has had an eventful 2023. To simplify the latest RUNE price prediction, we have divided up the prediction by short term THORChain price prediction and long term THORChain price prediction. As of writing this article, RUNE had a trading volume of 250,725,404. THORChain has gone up by 28.00% in the past 30 days.

According to our analysis in the short term, THORChain price prediction for July 2024 shows the average price of RUNE at 7.68 and the highest possible price for July 2024 would be $8.22.

Further, according to our analysis in the long term, THORChain price prediction for November 2024 shows the average price of RUNE at 8.28 and the highest possible price for November 2024 would be $8.86.

THORChain's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
29 May 2024$7.04$6.55$7.54
30 May 2024$7.06$6.56$7.55
31 May 2024$7.06$6.56$7.55
1 June 2024$7.11$6.61$7.61
6 June 2024$7.22$6.72$7.73
11 June 2024$7.30$6.79$7.81
21 June 2024$7.45$6.93$7.97
July 2024$7.68$7.15$8.22
August 2024$7.83$7.29$8.38
September 2024$7.98$7.43$8.54
October 2024$8.13$7.57$8.70
November 2024$8.28$7.70$8.86
December 2024$8.43$7.84$9.03

THORChain price prediction 29 May 2024: THORChain's price for 29 May 2024 according to our analysis should range between $6.55 to $7.54 and the average price of RUNE should be around $7.04.

THORChain price prediction 30 May 2024: THORChain's price for 30 May 2024 according to our analysis should range between $6.56 to $7.55 and the average price of RUNE should be around $7.06.

THORChain price prediction 31 May 2024: THORChain's price for 31 May 2024 according to our analysis should range between $6.56 to $7.55 and the average price of RUNE should be around $7.06.

THORChain price prediction 1 June 2024: THORChain's price for 1 June 2024 according to our analysis should range between $6.61 to $7.61 and the average price of RUNE should be around $7.11.

THORChain price prediction 6 June 2024: THORChain's price for 6 June 2024 according to our analysis should range between $6.72 to $7.73 and the average price of RUNE should be around $7.22.

THORChain price prediction 11 June 2024: THORChain's price for 11 June 2024 according to our analysis should range between $6.79 to $7.81 and the average price of RUNE should be around $7.30.

THORChain price prediction 21 June 2024: THORChain's price for 21 June 2024 according to our analysis should range between $6.93 to $7.97 and the average price of RUNE should be around $7.45.

THORChain price prediction July 2024: THORChain's price for July 2024 according to our analysis should range between $7.15 to $8.22 and the average price of RUNE should be around $7.68.

THORChain price prediction August 2024: THORChain's price for August 2024 according to our analysis should range between $7.29 to $8.38 and the average price of RUNE should be around $7.83.

THORChain price prediction September 2024: THORChain's price for September 2024 according to our analysis should range between $7.43 to $8.54 and the average price of RUNE should be around $7.98.

THORChain price prediction October 2024: THORChain's price for October 2024 according to our analysis should range between $7.57 to $8.70 and the average price of RUNE should be around $8.13.

THORChain price prediction November 2024: THORChain's price for November 2024 according to our analysis should range between $7.70 to $8.86 and the average price of RUNE should be around $8.28.

THORChain price prediction December 2024: THORChain's price for December 2024 according to our analysis should range between $7.84 to $9.03 and the average price of RUNE should be around $8.43.

THORChain's Long Term Price Prediction

THORChain’s long term Price Prediction below is a look at RUNE’s future prospect with regards to price. THORChain was last seen at $6.69, with a market cap of $2,234,796,975 and trading volumes of $250,725,404. RUNE’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2024$8.43$6.75$10.12
2025$8.47$6.78$10.17
2026$10.76$8.61$12.91
2027$13.67$10.93$16.40
2028$17.36$13.88$20.83
2029$22.04$17.63$26.45
2030$27.99$22.39$33.59
2031$35.55$28.44$42.66
2032$45.15$36.12$54.18
2033$57.34$45.87$68.81
2035$92.48$73.98$110.98

THORChain price prediction 2024: THORChain's price for 2024 according to our analysis should range between $6.75 to $10.12 and the average price of RUNE should be around $8.43.

THORChain price prediction 2025: THORChain's price for 2025 according to our analysis should range between $6.78 to $10.17 and the average price of RUNE should be around $8.47.

THORChain price prediction 2026: THORChain's price for 2026 according to our analysis should range between $8.61 to $12.91 and the average price of RUNE should be around $10.76.

THORChain price prediction 2027: THORChain's price for 2027 according to our analysis should range between $10.93 to $16.40 and the average price of RUNE should be around $13.67.

THORChain price prediction 2028: THORChain's price for 2028 according to our analysis should range between $13.88 to $20.83 and the average price of RUNE should be around $17.36.

THORChain price prediction 2029: THORChain's price for 2029 according to our analysis should range between $17.63 to $26.45 and the average price of RUNE should be around $22.04.

THORChain price prediction 2030: THORChain's price for 2030 according to our analysis should range between $22.39 to $33.59 and the average price of RUNE should be around $27.99.

THORChain price prediction 2031: THORChain's price for 2031 according to our analysis should range between $28.44 to $42.66 and the average price of RUNE should be around $35.55.

THORChain price prediction 2032: THORChain's price for 2032 according to our analysis should range between $36.12 to $54.18 and the average price of RUNE should be around $45.15.

THORChain price prediction 2033: THORChain's price for 2033 according to our analysis should range between $45.87 to $68.81 and the average price of RUNE should be around $57.34.

THORChain price prediction 2035: THORChain's price for 2035 according to our analysis should range between $73.98 to $110.98 and the average price of RUNE should be around $92.48.

A Historical look at THORChain, RUNE’s price

RUNE/USD Pair

RUNE
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USD
27 May 2021
12.74
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RUNE
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USD
27 May 2022
2.69
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21.1
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RUNE
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USD
27 May 2023
1.14
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42.51
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RUNE
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USD
28 May 2024
6.69
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585.52
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RUNE/Euro Pair

RUNE
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EUR
27 May 2021
10.45
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RUNE
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EUR
27 May 2022
2.50
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23.97
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RUNE
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EUR
27 May 2023
1.06
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42.51
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RUNE
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EUR
28 May 2024
6.15
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577.62
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FAQs about THORChain

What is the price of THORChain as of today 28 May 2024?

THORChain’s current price is $6.69 and witnessed a -3.59% decrease in the past 24 hours. RUNE/BTC pair saw a -2.28% decrease in the past 24 hours

Is RUNE a good investment?

Investing in THORChain, RUNE will purely depend on your personal risk appetite. As you can see over the past 24 hours THORChain’s price has witnessed a -3.59% decrease and over the past 30 days THORChain has increase by 28.00%. So it all depends on if this investment will hit your trading goals.

How high can THORChain’s price go this year in 2024?

According to our latest THORChain Price prediction for 2024, RUNE should vary between $10.12 and $6.75. Please keep in mind that the crypto market is very volatile and this THORChain price prediction does not account for extreme wild swings in price.

How much will the THORChain be worth in 2024 ?

As per the THORChain price prediction 2024 model above, RUNE’s price for May 2024 should range between $6.75 to $10.12 with the average price for May being $8.43

How much will THORChain be worth in 2025?

According to the THORChain Price Prediction model above, RUNE’s price in 2025 would be $8.47. This price would however would range from $10.17 and $6.78.

How much will THORChain be worth in 2026?

According to the THORChain Price Prediction model above, RUNE’s price in 2026 would be $10.76. This price would however would range from $12.91 and $8.61.

How much will THORChain be worth in 2027?

According to the THORChain Price Prediction model above, RUNE’s price in 2027 would be $13.67. This price would however would range from $16.40 and $10.93.

How much will THORChain be worth in 2028?

According to the THORChain Price Prediction model above, RUNE’s price in 2028 would be $17.36. This price would however would range from $20.83 and $13.88.

How much will THORChain be worth in 2029?

According to the THORChain Price Prediction model above, RUNE’s price in 2029 would be $22.04. This price would however would range from $26.45 and $17.63.

How much will THORChain be worth in 2030?

According to the THORChain Price Prediction model above, RUNE’s price in 2030 would be $27.99. This price would however would range from $33.59 and $22.39.

How much will THORChain be worth in 2031?

According to the THORChain Price Prediction model above, RUNE’s price in 2031 would be $35.55. This price would however would range from $42.66 and $28.44.

How much will THORChain be worth in 2032?

According to the THORChain Price Prediction model above, RUNE’s price in 2032 would be $45.15. This price would however would range from $54.18 and $36.12.

How much will THORChain be worth in 2033?

According to the THORChain Price Prediction model above, RUNE’s price in 2033 would be $57.34. This price would however would range from $68.81 and $45.87.

How much will THORChain be worth in 2035?

According to the THORChain Price Prediction model above, RUNE’s price in 2035 would be $92.48. This price would however would range from $110.98 and $73.98.

What was the highest price of THORChain?

The highest price for THORChain was recorded in 19 May 2021 during which RUNE hit an All Time High of $20.87

What is the price of 1 THORChain?

The price of 1 THORChain according to current market rate is $6.69