The Fed interest hike reflected on the whole crypto market very positively. One of the winners has been Thorchain.
Its native token RUNE rallied further after an announcement that the bug bounty program with Immunefi had been updated. The Thorchain ecosystem will now pay up to $1,000,000 for detecting critical vulnerabilities.
If you want to know what Thorchain is, can it give you good returns, and the top places to buy Thorchain, you’ve come to the right place.
Top places to buy Thorchain now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
FTX
FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.
What is Thorchain?
Thorchain is a decentralized liquidity protocol which enables users to exchange cryptocurrency seamlessly on a number of networks without the risk of losing control and custody of their assets.
The protocol allows users to swap one asset for another in a permissionless setting. Liquidity can be sourced without the need to rely on order books. A ratio of assets in a pool is used to maintain market prices.
RUNE is the native token of the Thorchain platform. It serves as the primary currency in the Thorchain ecosystem. Platform users also use it for governance and security as part of the mechanisms of resistance of Thorchain.
Should I buy Thorchain today?
Thorchain can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.
Thorchain price prediction
Wallet Investor considers Thorchain’s RUNE a good investment. They expect a long-term increase, predicting a price of $22.72 in May 2027.
A 5-year investment will generate revenue of around +214%. If you invest $100 in Thorchain now, it might go up to $314 in 2027.
Thorchain on social media
$ANC new tokenomics go into effect in 2 days ⚓️@anchor_protocol just passed 20B in TVL 📈
Macro conditions seem to be timing up perfectly 📈$veANC will change everything ⚔️ pic.twitter.com/4DMFI6XRAu
— Elon Kwon (@ElonKwon) May 4, 2022
The post Thorchain rises 8% on bug bounty news: here’s where to buy Thorchain appeared first on Coin Journal.
