Why RUNE is One of the Best Cryptocurrencies to Buy in 2020

in LeoFinance6 months ago (edited)

Why RUNE is one of the best cryptocurrencies to buy in 2020.png

It seems that the good news for RUNE never stops rolling in. I think it's one of the best cryptocurrencies to buy in 2020 and there are a lot of reasons why I am so bullish on it.

There are quite a few undervalued and overvalued cryptos in the space. Hive is undervalued for it's technology and RUNE is similarly undervalued for both its future potential and its current implementations.

If you're looking for a great introduction to the Thorchain (RUNE) Project, I recommend this post as a starting point.

I don't have a ton of time to keep up with the latest news which is why it's awesome to have people like @jk6276 in the community who pay much closer attention and digest, condense and educate us about other projects. We recently talked about RUNE and Thorchain on the LEO Roundtable Podcast.

In that clip from the episode, we discussed the incredible potential of native BTC cross-chain liquidity pools. It's one of the many reasons why I'm so bullish on RUNE. @jk6276 then did a follow-up in which he outlined a few clarifications about stuff we said in the episode. Again, a great way to learn more and further educate ourselves about one of the most attractive projects in all of crypto.

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Twitter Thread

A community member from Thorchain also reached out and offered some clarification about some of the things we mentioned in the episode. These conversations offer great exposure both for LeoFinance as a platform and Thorchain as a crypto project. We get to learn about each other and cross-pollinate our audiences in public. Selfishly, I get to learn more so that I can keep buying up RUNE.

Native BTC is Coming

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Thorchain on Twitter

Thorchain's Native BTC implementation is coming and if launched properly, it's going to take the crypto world by storm. You'll notice that it looks a lot like Uniswap. There is a key difference here though: you can use Uniswap for "BTC" but only for the Wrapped equivalent of BTC.

In one of Thorchain's most anticipated updates, you'll be able to swap and provide liquidity for native Bitcoin. @rollandthomas aptly asked the question: "what does native BTC mean?" in our latest episode (the clipped linked above). I highly recommend giving that a listen - and also give Jk's post a read to see what I explained poorly as well.

Thorchain is Branching Out

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Credit goes to @jk6276 who discovered this news and dropped it in the LeoFinance Discord.

Thorchain is obviously a team and community of buidlers. With that said, marketing is an extremely important aspect of building a community and successful project.

While Thorchain has had their heads down to build the native BTC product and the other incredible aspects of their project, they aren't ignoring the marketing side of the rainbow bridge. They're starting to map out a way to integrate RUNE natively with other wallets and ecosystems.

Why Do Native RUNE Integrations Matter?

As a cross-chain liquidity ecosystem, the more places that RUNE is accessible, the better. This is generally true for most crypto projects as having more ease of access and eyeballs is important but for RUNE it is much more than that.

Where is RUNE Headed From Here?

These are many of the questions I ask myself about RUNE and the Thorchain project. The ambition is massive and the execution resembles a grandmaster playing chess. As someone who has limited time, all I can do is buy RUNE and let the Thorchain team do their thing.

As new projects are rolled out - especially this native BTC launch - we're going to see the Thorchain project take center stage in the DeFi world and all of crypto. There are some major people backing it (either by rumor or officially). I personally think RUNE is one of the best investments that I can make in 2020 and at these prices, I think it's an absolute steal.

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My latest shopping haul. It was on sale: BOGO BTFD!

 

 

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@khaleelkazi Where’s the Best place to buy this in the United States?

Posted Using LeoFinance Beta

Binance dex, or if you have some bnb or busd, then you can swap direct on Bepswap with no KYC.

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Rueneswap with LEO and affiliate earnings for the buyback & burn 😍🦁

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Imagine building a RUNE wallet into @leofinance and having access to instant swaps direct from WLEO into all major crypto's, with no middle man or third-party risk. Leofinance could monetize this service with a small inbuilt fee (Thorchain is allowing wallet operators that connect a front end to their back end architecture to monetize with a customizeble fee). Fee income for LeoFinace could be put in to marketing and promoting the LeoFinace eco-system.

Blog and stack Sats anyone?

Gonna tag @khaleelkazi in this comment so he sees it and it starts ticking over in his ambitious mind.

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exactly!!!

This would make this RUNE project much more closer to us here. Looking forward to this.

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Wow! It looks really promising! Sadly, the only crypto I have right now is LEO and hopefully, I won't sell it anytime soon.

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Do you know how the native BTC pooling will work technically? You will have to still send your BTC to another address to "lock" it in the pool, right? In that case, doesn't it have similar risks to wBTC? If you have a link with more details about how this will work I would be interested in reading it.

EDIT: I just saw @jk6276's post with more details...might have to dip my toe into some RUNE tokens!

This also may help your understanding - a quote from a lead dev on the project:

[In reply to John Denver]

Hey John. THORChain is a blockchain in and of itself! A network of anonymous nodes bond RUNE to underwrite assets in pools; and like other blockchains these nodes together form the blockchain via consensus & block production.

THORChain currently "observes" binance chain, meaning nodes all run a binance chain node and make witness transactions about what they have seen. The network reaches consensus about the observations and state is changed.

The team is busy integrating Bitcoin, Polkadot, Cosmos and Ethereum so THORChain should be able to observe multiple chains and enable true cross-chain swaps by end of year.

Thorchain nodes will be observing transactions on each chain they link to to facilitate the cross-chain swaps.

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I met RUNE with your posts. I bought it a few months ago, and I also believe it is one of the best cryptos with growth potential. Thank you for the tips!

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I'm 100% with you, I can't imagine I'm going to be able to pick it up any cheaper than it is ATM!

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Been championing Rune for such a long time lol and you didn't put the customary "this isn't an investment advice" hahaha,
@jk6276 seems like the guy with all the info, might just check it out myself.

I've turned in to LeoFinace's "RUNE guy". Didn't plan it that way, but it seems that's where my niche is.

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But he didn't advice in the post. Just sharing his thoughts you know?

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I know, I was kidding him

Wow I hadn’t heard of that one and that is a good intro course right there. I will have to dig a little deeper and add some to my portfolio.

Love what you are doing bud and it is great having known you these years.

Keep teaching!

Some more from the Thorchain telegram group:

Hey John. THORChain is a blockchain in and of itself! A network of anonymous nodes bond RUNE to underwrite assets in pools; and like other blockchains these nodes together form the blockchain via consensus & block production.

THORChain currently "observes" binance chain, meaning nodes all run a binance chain node and make witness transactions about what they have seen. The network reaches consensus about the observations and state is changed.

The team is busy integrating Bitcoin, Polkadot, Cosmos and Ethereum so THORChain should be able to observe multiple chains and enable true cross-chain swaps by end of year.

P.S. no I'm not the John that this was a reply to - comments are from Kai - a Thorchain project lead.

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I'll buy some Rune. Thanks

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Will RUNE and leo in single wallet? Mostly I use blocktrades to swap hive to dash or btc. If leo and Rune integated in one wallet or dapps that accept other coins too, users feel more comfortable as me because I always shop electric power with bitrefil with dash. Leo, rune, dash, btc and eth in a single wallet that will be amazing.

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Holy Heavens! This is a top 10 marketcap coin in making. Will there be any integrations with the newly released MetaSwap?

https://leofinance.io/hive-167922/@d-zero/metamask-update-now-trade-7-dexs-including-airswap-and-uniswap-to-swap-directly-from-metamask-airswap-uniswap-0x-api-1inch

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I already had a bit but put in a bit more at 0.48 which is a price I am ok with looking at the future potential

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Thanks for the tip. I'm off to investigate where I can buy it. Interesting that Polkadot was mentioned too in the Thorchain quote. That's another one that was recommended to me that is on my list. 😊

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Despite the regrets, I think the year 2020 has been a very good year for cryptocurrencies. There are so many new currencies emerging that it is possible to get lost when making a more personalized planning.

Thanks for the tip, @khaleelkazi.

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REading this, I am sold and dipped my toe in the waters for a couple of hundred RUNE. I am off to listen to the clip.

Perhaps I should have done so before buying but heck, you only live once!

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