THORChain Self Reported Market Cap Tops $1.29 Billion (RUNE)

THORChain (RUNE) traded 0.6% lower against the US dollar during the 24 hour period ending at 22:00 PM Eastern on October 12th. THORChain has a market capitalization of $1.29 billion and approximately $122.29 million worth of THORChain was traded on exchanges in the last day. One THORChain coin can now be purchased for about $4.97 or 0.00007889 BTC on exchanges. During the last week, THORChain has traded up 3.1% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 up 1.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 7.9% lower against the dollar and now trades at $0.0499 or 0.00000079 BTC.
• P2P Solutions foundation (P2PS) traded up 1% against the dollar and now trades at $159.97 or 0.00254070 BTC.

THORChain Profile

THORChain’s launch date was May 8th, 2018. THORChain’s total supply is 414,201,630 coins and its circulating supply is 259,766,488 coins. The official website for THORChain is thorchain.org. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. The official message board for THORChain is medium.com/thorchain. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here.

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 U.S. dollars. Investors seeking to acquire THORChain should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy THORChain using one of the exchanges listed above.

RUNE/USD price chart by TradingView