THORChain Upgrade Propels RUNE Up 26 Percent
THORChain and its native token RUNE experienced significant market activity recently, surging by more than 26 percent over a 24-hour period. According to reporting by AMBCrypto, this performance placed the asset first among all gainers within the top 200 cryptocurrencies by market capitalization.
Market analysts attribute the upward movement to heightened interest surrounding a recent network upgrade, combined with a stronger broader cryptocurrency market environment. Alongside the price appreciation, RUNE recorded a notable expansion in market liquidity. Daily trading volume registered a threefold increase, though overall activity remained modest relative to large cap assets, totaling in excess of $20 million.
The momentum has centered attention on key technical resistance levels, notably whether market bulls can successfully flip the $0.65 threshold to sustain the current upward trajectory. As the network transitions through its latest iteration, market participants continue to monitor whether the privacy upgrade and subsequent trading volume can support prolonged gains for the altcoin.
Based on reporting by ambcrypto.com.
