THORchain Price Prediction: RUNE Coin Surges 15% On Partnership With Edge As This Rising Meme Coin Secures $2.2 Million

Updated: 29 November 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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THORChain price is up 15% in the last 24 hours to sell for $6.40 as of 7:45 a.m. EST as trading volume jumped 21%.

The interest and surge in price for THORChain comes as RUNE has secured integration with Edge, a self-custody wallet.

Native $RUNE is now supported in Edge Wallet for your self-custodied enjoyment@EdgeWallet already supports functionality like Swaps and Savers. Try it today 👇https://t.co/uv7xA5AkeF https://t.co/HHNvCf70GS

— THORChain (@THORChain) November 28, 2023

The integration is expected to simplify participation in the decentralized THORChain protocols. THORChain protocols will benefit from Edge Wallet’s commitment to privacy and security.

The integration will support the new Layer-1 blockchain of the THORChain network and marks an exciting step for decentralized finance (DeFi).

According to an official blog by Edge, the choice to integrate RUNE was partly inspired by THORChain’s consistency and dedication to bettering and launching new features.

Among these include innovations such as Savers Vaults, Streaming Swaps, and a new system for borrowing and lending.

Moving forward, it will be easier to engage with the decentralized THORChain protocols while enjoying the conveniences and security that come with the Edge app.

THORChain Price Outlook As RUNE Pumps On New Integration

THORChain price is filling up a symmetric triangle, with prospects for a breakout to the north. This is because technical indicators show there may still be room to the north for RUNE. The Relative Strength Index (RSI) is northbound, pointing to rising momentum.

Its trajectory could see it cross above the signal line (yellow band), a move that often passes as a buy signal. Traders heeding this call could send the THORChain price to the north, potentially shattering the triangle’s upper trendline as it extends north past the $6.464 resistance level.

In a highly bullish case, the gains could extrapolate past the range of $6.679 for THORChain price to tag the $7.000 psychological level. Such a move would constitute a 15% climb above current levels.

The Awesome Oscillators (AO) indicators remain in the positive territory just as much as the Moving Average Convergence Divergence (MACD) indicators. This shows the bulls are still leading the RUNE market.

Converse Case

On the other hand, the AO histogram bars are flashing red, and the fact that the histogram bars of the MACD have already flipped negative. This shows that the bears are also at play, which threatens the bullish thesis.

Increased selling pressure could send THORChain price down below the lower trendline of the triangle. A break and close below the $5.221 support level would invalidate the bullish thesis. In such a case, RUNE could test the 25-day Exponential Moving Average (EMA) at $4.977. Further south, it could test the 50-day EMA at $4.077.

In the dire case, the slump could extend for THORChain price to drop below $3.485, tagging the 100- and 200-day EMAs at $3.119 and $2.396, respectively.

Meanwhile, all eyes have turned to MK, the token that powers the Meme Kombat ecosystem.

Promising Alternative To RUNE

Meme Kombat is a stake-to-earn project, featuring among the top three cryptocurrency presales experts have advised to be worthy investments. It is an innovative new gaming platform designed for gaming enthusiasts.

It offers a wide range of opportunities from active betting to passive staking with rewards for all users.

Its native token, MK, is selling for $0.214 in the current stage of the presale, a price tag that will only stand for the next day. So far, presale sales have reached $2.241 million out of the $2.5 million target.

MEMERS!

We have passed $2.2 million raised in the $MK presale 🤩 pic.twitter.com/rwla7Xxdz3

— Meme Kombat (@Meme_Kombat) November 28, 2023

MK token holders do not have to wait for the presale to end, given that the staking function is already up. The dashboard went live earlier in the month, with almost 10 million MK tokens already staked, comprising about 70% of the MK token supply.

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

Stakers are enjoying Annual Percentage Yields (APY) as high as 401% with around 1.6 million in rewards paid to 2,771 stakers.

Our stakers are benefiting big time!

And Ari from @cryptonews knows exactly how valuable that is. Catch the full video here👇https://t.co/Fz839keTZH pic.twitter.com/ypn0xZnKfp

— Meme Kombat (@Meme_Kombat) November 27, 2023

Visit Meme Kombat to buy MK in the presale here.