THORChain Price
What is Thorchain
Thorchain price has seen plenty of impressive ups and downs – what's behind them?
Thorchain value extends beyond a simple token – it provides a decentralized way to trade crypto tokens across various blockchains. This works much like a decentralized exchange (DEX), but with one crucial difference: DEXs work on a single blockchain.
The RUNE token plays a major role in this. Say you want to exchange BTC to ETH. Thorchain's automated market maker (AMM) first exchanges your BTC to RUNE and then your RUNE to ETH. Since it's automated, the entire process is seamless.
What moves RUNE price
As RUNE is closely connected to the Thorchain AMM, the live Torchain price also reflects its popularity. As this Thorchain price chart shows, RUNE peaked soon after its launch to the general public – its innovative technology attracted plenty of interest.
Another undeniable factor is the overall activity in the crypto market. If more people buy crypto, more people want to trade tokens across blockchains; all this affects the price of Thorchain.
Of course, these are just some of the things that can move RUNE price, not a definitive guide.
Using this Thorchain tool
At Paybis, we believe in keeping things simple – including this Thorchain price tracker. Here's what you need to know:
It is always updated with the current Thorchain price, giving you the most accurate estimates;
You can view RUNE price in USD and dozens of other local currencies;
Thorchain price history is available from the dropdown menu;
Other handy crypto tools are right here, at the Paybis exchange. Try our RUNE to USD converter or Thorchain calculator!
Possible uses of RUNE
One major use of RUNE is the Thorchain AMM. At Paybis, we offer a simple and convenient way to exchange dozens of fiat currencies to various cryptos. If you already have some crypto and want to trade it for another token, Thorchain may be one solution.
RUNE can also be staked. This can be a way to earn some additional income while you wait for the RUNE price to reach your target level.
And, of course, you can always keep it in your wallet, anticipating that the Thorchain price today will increase in the future.
Thorchain price today
We do not provide any investment advice at Paybis, so we won't try to predict whether the Thorchain price now is higher or lower than it will be in the future. Instead, we provide the right tools for you to make your own decision.
Click around, and you'll find both powerful research tools, plenty of information on other tokens and a great way to buy and manage your crypto. We strive to make Paybis your one stop shop for all things crypto – scroll back up to get started!
