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THORChain

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<div class="cryptonews"> 
 <p class="is-style-lead">THORChain (RUNE) has been constantly losing value since April 2022 with a few hikes. The asset rose by 48% over the past seven days, reaching a key milestone of $1.42 on Aug. 13.</p> 
 <p>According to data provided by Santiment, the recent surge in THORChain’s price was fueled by a significant surge in social volume. Per the data, RUNE’s social volume rose by 4,300% between Aug. 7 and Aug. 13, driving notable attention toward the cross-chain liquidity protocol.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="347" src="https://cdn.thebittimes.com/images/2023/08/14/735180839953261062fde82335e1f0b9.webp" alt="THORChain (RUNE) gains 48% in one week - 1" class="wp-image-14185222"> 
  <figcaption class="wp-element-caption">
    RUNE price, social volume, sentiment and volatility – Aug. 14 | Source: Santiment 
  </figcaption> 
 </figure> 
 <p>Moreover, positive investor sentiment around THORChain has grown by 6,100% in the mentioned timeline. This caused the asset’s trading volume to spike as more investors jumped in.</p> 
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 <p>Over the past 24 hours, however, RUNE’s social volume and positive sentiment plunged significantly as the asset dived the $1.34 mark.&nbsp;</p> 
 <p>RUNE is up by 5.5% in the past 24 hours and trading at $1.39 at the time of writing. According to CoinMarketCap (CMC) data, the digital asset witnessed a 30% in its 24-hour trading volume, reaching $150 million.</p> 
 <p>On the other hand, RUNE’s one-day price volatility has dropped by 30%, per the market intelligence platform. The sudden decline comes while THORChain’s price stays at a 15-week high despite low whale activity.</p> 
 <p>In April, THORChain partnered with the web3 company Unizen to allow users to swap their Ethereum (ETH) and AVAX for Bitcoin (BTC). This also permits users to store assets on different chains.</p> 
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THORChain (RUNE) gains 48% in one week

TheBitTimes

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