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THORChain

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 <p class="is-style-lead">THORChain (RUNE) has been constantly rising over the past ten days after witnessing a 45% decline since the start of October.&nbsp;</p>
 <p>The asset has gained bullish momentum as the global crypto market capitalization gained traction, reaching a local top of $1.27 trillion.</p>
 <p>The possibility of the Bitcoin (BTC) spot exchange-traded fund is one of the main positive drivers.</p>
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   RUNE price, <a rel="noopener noreferrer nofollow" title="development" href="https://thebittimes.com/tag/development.html">development</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a>, social volume and Binance funding rate – Oct. 31 | Source: Santiment
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 <p>According to data from Santiment, THORChain’s <a rel="noopener noreferrer nofollow" title="development" href="https://thebittimes.com/tag/development.html">development</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> rose by 27% in the past 24 hours and registered 160% gains since Oct. 29.</p>
 <p>Per the market intelligence platform, the asset’s <a rel="noopener noreferrer nofollow" title="development" href="https://thebittimes.com/tag/development.html">development</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> is still down by 95.4% from its local top on Oct. 17.</p>
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 <p>On the other hand, RUNE’s social volume surged by a whopping 160% over the past 24 hours, putting the asset in the trend zone, according to Santiment.</p>
 <p>Data shows that the Binance Futures funding rate for RUNE has been consolidating in the 0.01% zone after surging from negative 0.003% on Oct. 23. In simple terms, long-position traders should now be paying funds to short-position holders.</p>
 <p>RUNE is up by 17% in the past 24 hours and is trading at $2.87 at the time of writing. The asset’s market cap is $975 million, while its 24-hour trading volume surged by a whopping 132%, reaching $208 million.</p>
 <p>THORChain also registered 45% and 58% gains over 30 and 60 days, respectively.&nbsp;</p>
 <p>According to a crypto.news report on Oct. 30, YouTube crypto influencer CryptosRUs believes that investors should “be greedy, not fearful” as the short-term moving average for Bitcoin has surpassed the long-term moving average.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/thorchain-becomes-top-gainer-as-development-activity-surges-tbt68459.html">https://thebittimes.com/thorchain-becomes-top-gainer-as-development-activity-surges-tbt68459.html</a></p>

THORChain becomes top gainer as development activity surges

TheBitTimes

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