The future of RUNE, a decentralized liquidity and trading protocol token, appears promising as its price rose to $1.35. This marks a notable 46% growth within a week, a resurgence from its 54% drop in the last year, and an astronomic dip from its record peak of $20.87 in 2021. Specialists attribute the bullish tendencies to increased protocol use, reflective in the persistent robust buying force. Technical indicators foretell a steady rise, projecting the RUNE base might realign to a higher threshold once the surge wanes.
What is the source of this intrigue? The burgeoning growth of THORChain. Current metrics point to an upward trend for the protocol, with more transactions, volume, and total locked value. Additionally, the long-term prospects for RUNE could receive a boost from THORChain’s structure. Since the growth in THORChain’s liquidity pools requires an equivalent growth in RUNE, the more THORChain swells, the bigger the demand for RUNE. As THORChain employs over-collateralization for each of its pools using RUNE, the more the pools grow, the more this ALTcoin is expected to appreciate, predicting a potential rise to $1.50 in the coming weeks.
However, as alluring as RUNE is, other ripe altcoins are cornering the market too, like pre-sale tokens. Wall Street Memes (WSM), an ERC-20 token, is a solid contender bracing for a massive rally once added to trading platforms. WSM, built on the backbone of the internet meme culture that sparked the GameStop wave in 2021, boasts a significant online following, accounting for its successful $23.7 million pre-sale fundraiser launched in June. WSM’s appeal is further fuelled by its decentralized framework, which reserves 50% of the maximum token supply for pre-sale and 30% as community rewards. A larger stake realization coupled with protection from large sell-offs is indeed an attractive prospect for investors.
Prospective investors can purchase these tokens from the official Wall Street Memes website by connecting their crypto wallets. The current pricing stands at $0.0334 per WSM but is projected to rise marginally to $0.0337 by the sale’s closing phase. Thus, potential buyers need to expedite if they hope to acquire this high-potential commodity at a lower cost.
A word to the wise, though, as enticing as crypto may seem, it’s critical to remember it’s a high-volatility field. One must approach this with a prepared mindset, understanding that there’s a high likelihood of losing the entire invested capital.
Source: Cryptonews
