While the year 2020 had turned out to be better for the entire cryptocurrency industry, the year 2021 is turning out to be the best for the industry. In the running year, the cryptocurrency industry has experienced all-time highs. One of the biggest achievements for the crypto-industry was that it managed to cross the $1 trillion market capitalization.
As far as the DeFi sector is concerned, almost every cryptocurrency asset seems to be flying high. Recently, Polkadot has emerged as one of the best performers in the year 2021. Overall, Polkadot has managed to gain an 85% rally in the running year and its prices are all experiencing all-time highs.
Then comes THORChain that is also experiencing the same. Ever since the beginning of the year 2021, THORChain has managed to remain bullish. As a result of its bullish nature, THORChain (RUNE) has managed to gather a 35% rally.
The year continues to show that it is not just Bitcoin (BTC) that the investors are rallying around but the entire crypto-verse. Although Bitcoin (BTC) has become bearish since the last week, the rest of the altcoins are constantly displaying a bullish nature.
At present, THORChain (RUNE) is turning out to be one of the top attracting points for the investors. It is the “Fear of Missing Out – FOMO” that is driving the investors to the THORChain (RUNE) platform due to which the asset is constantly experiencing an increase in its value.
Even in the last year, THORChain (RUNE) had proven to be one of the most promising and top moving altcoins.
One of the main reasons why THORChain (RUNE) has managed to gain so much success and adoption is due to its mechanism. THORChain (RUNE) exists as an independent blockchain that was founded back in 2018. The blockchain was founded to facilitate the users so they can make cross-chain transfers.
As of now, the THORChain (RUNE) provides its services and platform for BEP2 Tokens that are for the Binance Chain. It contradicts the very foundation of the blockchain as it is expected to facilitate cross-chain transactions. However, it has been predicted that more blockchains will be added to the network in near future.
At present, the native tokens of THORChain “RUNE” are only provided to investors that help the platform in the liquidation process. Once acquired, the investors can take part in the staking pool that is held on the platform.
The managing and incentivizing mechanism of the liquidity pools is almost similar to that of Uniswap but in the case of THORChain, 50% of the liquidity pools are composed of RUNE tokens.
According to the on-chain analyzing firms, the RUNE tokens have managed to gain 95% rally and that is even before RUNE has gone mainnet. It has been speculated that once the RUNE tokens are launched, they will be based on the Cosmos blockchain.