{"id":51022,"date":"2023-08-21T06:28:59","date_gmt":"2023-08-21T10:28:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-thorchain-rune-price-rallies-up-30-and-launchpad-can-predict-the-next-coin-to-pump\/"},"modified":"2023-08-21T06:29:01","modified_gmt":"2023-08-21T10:29:01","slug":"is-it-too-late-to-buy-thorchain-rune-price-rallies-up-30-and-launchpad-can-predict-the-next-coin-to-pump","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=51022","title":{"rendered":"Is It Too Late to Buy THORChain? RUNE Price Rallies Up 30% and Launchpad Can Predict the Next Coin to Pump"},"content":{"rendered":"
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As THORchain (RUNE) continues to break-out as one of the strongest performing projects of Summer 2023, large-scale FOMO across crypto markets is leading many to ask – is it too late to buy THORchain?<\/p>\n

This comes amid sensational performance by native RUNE token over the past two-months, which has seen an impressive +154% rally since June 14.<\/p>\n

Better yet? The pump comes amid a favourable time in THORchain tokenomics, with large swathes of supply currently in circulation and the slow onset of deflationary dynamics afoot.<\/p>\n

This is because THORChain uses native RUNE token as over-collateralization for each of its liqudiity pools, meaning that the bigger its pools become, the more RUNE has to be locked up – reducing supply and inducing upside moves.<\/p>\n

RUNE Price Analysis: Is it too late to buy THORchain?<\/strong><\/h2>\n

Amid the upside moves, THORchain is currently trading high in the channel at a current price of $1.61 (a 24-hour change of -8.8%).<\/p>\n

Price action is in the midst of an ongoing localised retracement move, this comes following rejection from the topside trendline, which converged with the $2 price level to form a tough patch of hard resistance to the upside.<\/p>\n

The -18% retracement move is currently fighting for crucial support around $1.7, which marks the last historic price level before a significant drop back down the moving average levels.<\/p>\n

With the 20DMA and 200DMA pushing to converge at $1.275 – this forms a likely next stopping point if price action continues to tumble.<\/p>\n

Indeed, moving average levels have remained largely untested during the dramatic upside move by RUNE, with price action only briefly touching the 200DMA as it skyrocketed past on August 13.<\/p>\n

While the 20DMA actually formed 31 days of unbreakable resistance between July 9 and August 9, before similarly price leapt away in a moon-shot rally.<\/p>\n

The critical lack of consolidation at these levels, driven by the high-octane price action, could demand a retracement to re-test support.<\/p>\n

Meanwhile, RUNE’s indicators continue to send mix signals, with the RSI still severely overheated at 71.89 – a strong overbought signal that suggests a bearish outlook on the short-time frame.<\/p>\n

Yet, this contrasts with the MACD which continues to reflect the impressive rally momentum, showcasing bullish divergence at 0.0521.<\/p>\n

Overall, technicals suggest that THORchain is likely to continue the retracement move, pushing down further to test moving average levels at $1.275 until the RSI has cooled-off.<\/p>\n

This leaves RUNE with an upside target at topside resistance around $2 (a possible +24.25%).<\/p>\n

While downside risk remains significant to $1.275 (a possible -20.8%).<\/p>\n

THORchain’s risk: reward profile is therefore looking relatively unappetising at 1.17 – a bad entry.<\/p>\n

But while RUNE holders are bracing for the retracement to finish, other investors are flocking into an analytical insights presale that offers exclusive access to on-chain data that could unveil the next big move.<\/p>\n

Launchpad XYZ: Empowering Next Generation Trading With AI Technology<\/strong><\/h2>\n

Introducing Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.<\/p>\n

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.<\/p>\n

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.<\/p>\n

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.<\/p>\n

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Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates a substantial user adoption.<\/p>\n

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.<\/p>\n

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.<\/p>\n

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.<\/p>\n

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Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.<\/p>\n

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.<\/p>\n

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.\u00a0<\/p>\n

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter <\/a>and Telegram to receive all of the latest updates and team news.<\/p>\n

Buy LPX Here<\/strong><\/p>\n

.<\/sub>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n