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THORChain Price Prediction: RUNE Surges 10% As Analysts Say This World-First AR/VR Crypto Might 10X

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THORchain price
THORchain price

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The THORChain price has soared 10% in the past 24 hours to trade for $6.038 as of 02:08 a.m. EST.

According to data on CoinGecko, RUNE is up 25% in the past week and almost 400% year-to-date. Analysts observe that it has shattered a critical resistance level on the four-hour timeframe.

Renowned crypto trader and analyst, @CryptoTony_ says $4.30 is the level to defend if we are to be sure that the bulls are leading the RUNE market.

The surge in the THORChain price is attributed to the network deploying the THORNode v132, a mainnet upgrade expected to deliver better execution when closing loans, and achieve outbound gas fixes that will make transaction fees on Layer 1 (L1) cheaper than ever.

THORChain Price Prediction

The THORChain price has broken above resistance due to the descending trendline, recording higher highs on the one-day timeframe. Buying pressure continues to rise, as shown by the climbing Relative Strength Index (RSI).

The lower highs on the RSI point to a growing bullish sentiment, which could bode well for the THORChain price. To confirm the continuation of the uptrend, the THORChain price must foray into the Fibonacci Golden Zone between the 61.8% and 38.2% retracement levels.

The green bars of the volume profile also support the odds for further upside. This adds credence to the bullish thesis. A flip of the 38.2% Fibonacci retracement level into a support floor at $8.725 would solidify the uptrend.


TradingView: RUNE/USDT 1-day chart

On the other hand, if profit booking takes its course, the THORChain price could pull back, falling below the descending trendline. A candlestick close below $4.000 would produce a lower low, effectively confirming a trend reversal. This would invalidate the bullish thesis.

Meanwhile, analysts at Cryptonews say that 5SCAPE, advertised as the world’s first AR/VR crypto, could record 10X growth on launch.

Promising Alternative To THORChain

5SCAPE is the native token for the 5thScape ecosystem. The project is out to be a game-changer in the VR and AR space, bringing in a new era for this technology.

With this project, you get to enjoy the immersive experiences poised to redefine boundaries and shape the future of entertainment and education.

The project focuses on VR games, with plans also underway to integrate additional forms of VR and AR content like educational experiences, social applications, and creative tools.

5SCAPE Token Use Cases 

The ticker for the 5th Scape project is 5SCAPE, a utility token within the ecosystem. Token holders have unlimited access to premium VR content, voting rights, and potential staking opportunities for holders.

It provides access to premium VR content such that holders receive exclusive access to games, experiences, and features within the platform.

5SCAPE is also a Play to Earn (P2E) token, with this mechanism enabling players to get incentives with 5SCAPE tokens that can be traded upon listing. Additionally, the token has a staking function, with details to be announced later.

5SCAPE Presale

So far, the presale has collected over $5.8 million. The current price of $0.00327 per token will stand only for a while longer before a 15% price increase.

If you are interested, get ahead of the price hike while you still can.

Visit and buy 5SCAPE here.

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