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<ul class="news-points"> 
 <li>RUNE tapped a three-month high, thanks to its 46% increase in the last seven days.</li> 
 <li>Unless demand for RUNE increases, the token could correct to $0.85.</li> 
 <li>The CVD and CMF aligned with a large buying presence, indicating that RUNE could head for $1.50.</li> 
</ul> 
Over the last week, the majority of altcoins failed to produce any significant move. But ThorChain (RUNE) managed to stand out, producing a staggering 46.71% hike in the last seven days. RUNE’s increase also ensured that it outperformed memecoins including <a href="https://coinedition.com/mysterious-dogecoin-transfer-raises-questions-amid-elon-musks-legal-battle/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and <a href="https://coinedition.com/bankrupt-voyager-transfers-1500-eth-and-250b-shib-to-coinbase/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, which have had a recent profitable period. 
Although RUNE’s rise made it the top gainer out of the top 100 assets, it also represents a three-month high since it last reached the price in May. 
The tremendous rally has raised questions about whether ThorChain’s native token could remain a focal point of interest going forward.&nbsp; According to the RUNE/USD 4-hour chart, the token scaled past multiple resistance turned them into support, and finally formed a bullish market structure. 
<h2 class="wp-block-heading" id="h-correction-on-the-horizon"><a></a>Correction on the Horizon</h2> 
After reaching a peak of $1.41, RUNE retraced to $1.36 — a sign that market participants had taken some prof… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/will-rune-continue-to-steal-the-spotlight-from-other-altcoins/">Will RUNE Continue to Steal the Spotlight from Other Altcoins?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Will RUNE Continue to Steal the Spotlight from Other Altcoins?

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