THORChain Reaches Self Reported Market Capitalization of $1.22 Billion (RUNE)

THORChain (RUNE) traded 1.1% higher against the U.S. dollar during the twenty-four hour period ending at 22:00 PM Eastern on July 28th. One THORChain coin can currently be bought for $4.67 or 0.00006711 BTC on popular cryptocurrency exchanges. THORChain has a total market cap of $1.22 billion and $102.99 million worth of THORChain was traded on exchanges in the last day. Over the last seven days, THORChain has traded 4.3% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 1.2% lower against the dollar and now trades at $0.18 or 0.00000263 BTC.
• 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 0.5% against the dollar and now trades at $0.0135 or 0.00000019 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

THORChain Profile

THORChain’s launch date was May 8th, 2018. THORChain’s total supply is 413,624,623 coins and its circulating supply is 260,711,719 coins. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. THORChain’s official message board is medium.com/thorchain. The official website for THORChain is thorchain.org. 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 possible to purchase alternative cryptocurrencies such as THORChain directly using U.S. dollars. Investors seeking to acquire THORChain should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase THORChain using one of the exchanges listed above.

RUNE/USD price chart by TradingView