Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
THORChain:THE DECENTRALIZED & AUTONOMOUS
CROSS-CHAIN ,LIQUIDITY NETWORK
🔹Rank #44,/ kind : TOKEN \\ Market Cap:$3,840,270,372 \\ Total Value Locked (TVL)$535,783,092 \\ Market Cap / TVL Ratio =7.15===> GOOD✅
Max Supply: 500,000,000 /Total Supply:334,937,975/// Circulating Supply: 330,688,061.33 RUNE ( 66%) ====> GREAT✅✅
THORChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX). It uses an automated market maker (AMM) model that resembles the first iterations of Bancor (BNT) or Uniswap where THORChain's native token (RUNE) will be the base swap pair.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security .
thorchain.org-Coinarketcap
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📊Technical
As you can see on the WEEKLY timeframe for RUNE/USDT ,Since February 2022 it has printed 5 green candle and had a growth by more than 300% ,so I supposed it cannot rise more than resistance zone now , probably it want to have correction because it recently reached the resistance of dynamic descending trendline. so it can correct on the first support level and after a little rest then start to attack descending tendline again , then after a breakout and pullback ,continue its uptrend till the targets. but otherwise if it drops and loses the lower support it can fall more to lower support zone in this case . but take it mind according to recent crossover between 14 and 20 EMA it can continue it its rally , especially if be accompanied with the a growth of BTC and an we see a green market or altcoin overall for crypto market .
🛑resistance level: $14.88-$17.16// descending trendlines
❇️support levels: $6.46-7.35///$3.39-4.28///
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
THORChain:THE DECENTRALIZED & AUTONOMOUS
CROSS-CHAIN ,LIQUIDITY NETWORK
🔹Rank #44,/ kind : TOKEN \\ Market Cap:$3,840,270,372 \\ Total Value Locked (TVL)$535,783,092 \\ Market Cap / TVL Ratio =7.15===> GOOD✅
Max Supply: 500,000,000 /Total Supply:334,937,975/// Circulating Supply: 330,688,061.33 RUNE ( 66%) ====> GREAT✅✅
THORChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX). It uses an automated market maker (AMM) model that resembles the first iterations of Bancor (BNT) or Uniswap where THORChain's native token (RUNE) will be the base swap pair.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security .
thorchain.org-Coinarketcap
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on the WEEKLY timeframe for RUNE/USDT ,Since February 2022 it has printed 5 green candle and had a growth by more than 300% ,so I supposed it cannot rise more than resistance zone now , probably it want to have correction because it recently reached the resistance of dynamic descending trendline. so it can correct on the first support level and after a little rest then start to attack descending tendline again , then after a breakout and pullback ,continue its uptrend till the targets. but otherwise if it drops and loses the lower support it can fall more to lower support zone in this case . but take it mind according to recent crossover between 14 and 20 EMA it can continue it its rally , especially if be accompanied with the a growth of BTC and an we see a green market or altcoin overall for crypto market .
🛑resistance level: $14.88-$17.16// descending trendlines
❇️support levels: $6.46-7.35///$3.39-4.28///
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
