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Reactivated Ethereum pools trigger a 78% surge in THORChain price
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Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume.
Two reasons behind the recovery and building strength seen in RUNE include the relaunching of trading capabilities on all five supported blockchains including the
Read more on cointelegraph.comAbout this in other media
Bitcoin and Ethereum Correct Gains, Major Altcoins Turn Red cryptonews.com /2 years ago
Bitcoin price in classic 'Bull Pennant' breakout as BTC whales go on buying spree cointelegraph.com /2 years ago
Ethereum back in price discovery as ETH approaches $5K cointelegraph.com /2 years ago
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