THORChain (RUNE) Hits Self Reported Market Cap of $334.10 Million

THORChain (RUNE) traded down 1.3% against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on March 18th. One THORChain coin can currently be purchased for approximately $1.20 or 0.00001459 BTC on popular cryptocurrency exchanges. THORChain has a total market cap of $334.10 million and approximately $128.49 million worth of THORChain was traded on exchanges in the last day. Over the last week, THORChain has traded up 11.5% against the U.S. dollar.

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

• Taiko (TAIKO) traded down 2.5% against the dollar and now trades at $0.63 or 0.00000763 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 1.2% higher 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.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% lower against the dollar and now trades at $82,718.67 or 1.00326852 BTC.
• SolvBTC (SOLVBTC) traded 0.9% lower against the dollar and now trades at $82,345.85 or 0.99874669 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

THORChain Coin Profile

THORChain launched on May 8th, 2018. THORChain’s total supply is 425,759,833 coins and its circulating supply is 277,799,628 coins. THORChain’s official Twitter account is @thorchain and its Facebook page is accessible here. The Reddit community for THORChain is https://reddit.com/r/thorchain and the currency’s Github account can be viewed here. THORChain’s official website is thorchain.org. THORChain’s official message board is medium.com/thorchain.

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 presently possible to buy alternative cryptocurrencies such as THORChain directly using U.S. dollars. Investors seeking to trade THORChain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy THORChain using one of the aforementioned exchanges.

RUNE/USD price chart by TradingView