THORChain Projections: RUNE Ramps Up 1% – Why Is the Market Buzzing?

Updated: 27 September 2023

Disclosure

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 (RUNE) has seen a significant surge in its price over the past two months, garnering increased attention from investors and traders.

At 8:33 a.m., RUNE is priced at $1.77, marking a 3% rise in the last 24 hours. Furthermore, its performance over the past month has registered a 24% gain.

RUNE Price Signals Bullish Momentum

RUNE/USD Chart Analysis. Source: Tradingview.com — RUNEUSD Chart Analysis. Source: Tradingview.com

Rune appears to follow a bullish trajectory as the ongoing battle between the bulls and bears over the price forms an ascending triangle pattern, signaling a continuation of the bullish trend.

The short, succeeding green candlesticks indicate that the price has rebounded on the lower boundary of the triangle.

Furthermore, the 50-day and 200-day moving averages have crossed at $1.28, suggesting that the bulls have taken control of the price and may drive it higher.

At the time of writing, both simple moving averages are trading below the price of RUNE, confirming the bullish outlook for RUNE.

On the other hand, the relative strength index (RSI) indicates a change in trend as it rebounds at the 50-neutral mark and currently trades at 56.

This suggests intense buying pressure for the RUNE price, potentially leading to the RSI surging into the overbought region of 70.

RUNE is currently experiencing a gradual surge in a bullish trend. Supported by the ascending triangle and the moving averages, RUNE can break above the triangle’s upper boundary and reach $2.02 and $2.5, respectively.

However, if the bears seize the opportunity, the bulls may need support at the $1.4 and $1.57 support zones.

You may consider investing in a newly launched token called Meme Kombat, which offers robust play-to-earn (P2E) gaming and staking features and an attractive presale that promises significant returns.

Meme Kombat (MK) Presale Selling Fast

Meme Kombat (MK) recently launched its presale, which has reached $101,102.15 in funding just a week after its launch on September 21.

This achievement signifies initial solid interest from investors in the native token of the Meme Kombat project, which operates on the Ethereum blockchain.

MK sets itself apart from other meme coins by offering a blockchain network that combines the potential of memes and play-to-earn (P2E) gaming.

The team believes building on the Ethereum blockchain creates a unique and engaging experience.

Memecoin @Meme_Kombat $MK token strikes a presale.

Meme Kombat is a P2E game featuring battle arenas and popular internet memes.

Read more ⤵️ https://t.co/Eh4ViVxNPm

— Crypto Gambling News 🎲 (@cryptogamblingx) September 25, 2023

Investors positioning themselves in the Meme Kombat presale can benefit from an innovative program that automatically stakes purchased tokens and accumulate rewards.

Meme Kombat welcomes participants from all corners of the crypto market, including those interested in betting, allowing users to engage in battles or observe from the sidelines strategically.

Earn Passive Income through P2E Gaming

At the core of the P2E and gaming ecosystems is the Meme Kombat Token ($MK). Users utilize this token for various network activities, including serving as the primary currency for the Meme Kombat arena game, automating battles, enabling wagering, and supporting staking for passive income generation.

Half of the total supply of $MK, equivalent to 12 million tokens, is available for purchase during the presale.

The presale proceeds will fund various initiatives such as raising initial capital, fostering the community, and marking a footprint in the market.

Regarding tokenomics, Meme Kombat has set aside a substantial 30% portion, which equals 3.6 million tokens, for staking and battle rewards to emphasize and reward community engagement.

Furthermore, 10% or 1.2 million $MK tokens from the total supply will back listings on decentralized exchanges, and another 10% or 1.2 million $MK tokens will go towards community rewards.

Prominent YouTube influencer Austin Hilton, with a subscriber base of over 233,000 people, recently shared his assessment of MK, indicating that this project is not to be missed.

You can now purchase Meme Kombat ($MK) for $1.667 and immediately begin staking and earning.

Participating in the presale is a straightforward process accessible to all investors.

Simply connect your digital wallet to the MK website and fund it with either ETH or USDT on the Ethereum blockchain or BNB or USDT on the Binance Smart Chain (BSC).