This is why I invested in RUNE

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I'm very new to Hive and to the crypto universe as a whole. In fact, I only really started in crypto when I joined Hive earlier this year. Back then I really wanted to take the first step and actually buy some crypto so I could really feel like I belonged and so I started reading a bunch of Leo articles searching for a good token to kick off my crypto career. And that was when I was lucky enough to find about Rune.

Before I tell more about why I like RUNE so much, though, let me take a step back.

What is RUNE?


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Rune is the native token of the THORChain, which is, according to their documentation:

a decentralised cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilising Threshold Signature Schemes (TSS). It does not peg or wrap assets, it simply determines how to move them in response to user-actions.
THORChain observes incoming user deposits to vaults, executes business logic (swap, add/remove liquidity), and processes outbound transactions. THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant.
THORChain's key objective is to be resistant to centralisation and capture whilst facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, and has economic guarantees that those assets are safe.

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I haven't really explored the full potential of THORChain yet, but it's something I'm slowly getting myself into. However, RUNE alone, as an asset, has been interesting enough for me.

Why do I invest in RUNE?

As I said before, RUNE was the first token (other than BTC) that I bought and because of that, it's kinda become a "pet token" of mine. I know that investing based fully on emotional factors is a bad idea but that's not the case at all here. Because I was lucky enough to get in relatively early, RUNE was responsible for my first 10x in crypto, which obviously contributes a lot to my fondness for the project.

RUNE has strong numbers to back it up, as we'll see next.

RUNE in numbers

RUNE currently has a market cap of $3,240,344,282 and a dominance of 0.18%. It's reached an All-Time High of $20.87 on May 19, 2021. As pretty much all of crypto, it took quite a big hit in the last few days, dropping all the way back to around $6.

It has been recovering well, however, and it was priced at $12.55 when this post was written.

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What does the future hold for RUNE?

Well, we're talking about crypto so the reality could wildly vary from any prediction that we bother to make but my wild guess is that RUNE will continue to rise as we see more development and adoption of the THORChain. I expect it to reach double the current ATH within the year and who knows what could happen after that.

Final thoughts

So there you have it. RUNE was one of the first "alt" projects that I invested in and so far it's proven to be a very good investment. My position in RUNE is not very large at the moment and I kind of wish I had invested more from the get-go but I'm slowly increasing my RUNE holdings as I'm very bullish on its future.

Remember that crypto is very volatile and you could lose all your money, so do your own research and only invest money you can afford to lose.

Posted Using LeoFinance Beta



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16 comments
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I LOVE LOVE LOVE RUNE - It was my first times 50 token when it went up to $20, and I was surprised to see it dump so hard.

But as you say, it's recovered amazingly well.

Do you BEP? That's been quite a nice earner for me over the last month as most of the tokens I've paired with have increased alongside Rune.

One of my favourite coins for sure, I only really have significant holdings in HIVE/ LEO/ BTC and..... RUNE!

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Awesome, man! ALways nice to hear from other RUNErs hehehe

Outside of HIVE, I also only have significant holdings of BTC and RUNE

Do you BEP? That's been quite a nice earner for me over the last month as most of the tokens I've paired with have increased alongside Rune.

Not yet! But I'm looking to get into that game. The whole thing is a bit new to me so I'm still figuring it out, but I hope to start soon

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RUNE is a promising project :-)
I'm into RUNE too, and I heard it for the first time last year here on HIVE ;-)
HUGS
The mannequin

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I also have a couple of RUNE but I got in late. Hindsight is 20/20 as I did not act early when Kahl and friends were talking about RUNE a few months back.

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Yea, it's hard to tell what projects are going to moon! Ideally I wish I could invest in all of them but I only have so much money

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I also own RUNE but like Sarge, I got in a little late so I don't have a lot. Feels like its one of those coins that you should HODL long-term though as I see adoption continuing to grow as the market grows. I'm expecting Leo will collaborate with them at some point so hopefully there will be more opportunities to make use of it down the road.

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Yea, I have the same opinion! I'm slowly adding more to my portfolio and HODLing.

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Sadly I don't own any as of now. Maybe during the next dip.

But I know it's a great project with massive potential in DeFi space. All the best with your investment bro. ;)

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I don't have any RUNE right now and I feel like I missed the train on this one. Personally my focus is more on my current holdings but its one of the possible additions I want to add.

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Yea, it's impossible to keep track of everything that's going on! Hopefully there will be other entry opportunities

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I am still hoping that one of the coins I have invested in will be my 10X.

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Maybe more than one will! I think Hive and some of the 2nd layer tokens such as Leo, CUB and PoB have a lot of potential

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If I understand correctly, right now one cannot add any liquidity to the pools on Thorchain because the funds cap has been reached?

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