Crypto’s Next Hidden Altcoin Gem: ThorChain RUNE

Cross chain or Interoperability these seem to be two of The biggest keywords for blockchains This year in 2022. keeping all Transactions exclusive on your very own Blockchain isn't just doing the trick Anymore being able to move your assets Freely around to other blockchains is Not only trending but it's what the Space really needs now actually and There are quite a few other blockchains That offer interoperability some Examples include avalanche cosmos polka Dot and wanchain and as is to be Expected each one of these projects has Their own way of doing this and in that List of blockchains we do have some of Our favorites one of them no secret is Cosmos but thor chain that's gonna be The topic of today's video it's a Project built with the cosmos sdk and Tendermint core and after some recent Hiccups they're coming back really Stronger than ever just today for Example thor chain reported a monthly Volume of 1.25 billion dollars with 400 Percent growth so as frank sinatra would Say they're kind of doing it their own Way And very commendably so so today we are Deep diving into why thor chain is Different be sure to stick around to the End of this video as well for a price Prediction

[Music] Hey guys my name is matty and this is Altcoin buzz for those that may be Watching for the first time and are new We are a cryptocurrency investment Company i'm always so proud to say that We've been in this space now for six Years plus and we've been making Millionaires since all the way back in 2017. we have documented many 100x Returns on coins and tokens that are top Projects today really before anyone else Was even talking about them and if you Want to see our detailed process for Researching such projects then our new And improved altcoin buzz access group Is for you check out the link in our Description for more information monthly Plans start at just 99 Friendly disclaimer members of the Altcoin buzz army we are sharing some of Our own investment strategies in this Video because we put our money where our Mouth is but just keep in mind that any Kind of investment whether it's Cryptocurrency or anything else for that Matter any kind of investment has Corresponding risk so this video should Not be considered official financial or Investment advice All right with that being said let's Launch right into the value proposition Here so third chain calls itself a Decentralized cross-chain liquidity

Network Let's break that down so in simple terms That means that if you're looking for Example into a decentralized solution That allows you to easily swap tokens Across chains without the hassles of Wrapping or pegging tokens well then Thor chain might be what you've been Searching for might be exactly what You've been searching for in fact and You know what it appeals to us because They've actually been delivering on what They've been promising imagine that the Big news is that the thor team is Launching terra today and this could Send roon the native third chain token To the moon potentially and because Terra and that integration brings luna Token along with the terra usd or ust Stablecoin to the thor chain ecosystem That's going to give users a lot more Trading as well as sticking options very Very positive news and what sets third Chain apart from a lot of other chains We have a few examples actually for one It doesn't use wrap tokens for Interoperability instead it uses a cross Chain oracle-free bridge that's called Bifrost and until thor chain only a Centralized exchange could trade assets That aren't wrapped but now you can earn Yield with your deposit of native assets Of course in the liquidity pools of the Network and this is currently right now

At 32.6 percent another aspect that Makes third chain very relatable and it Makes it that kind of project that we Want to root for is the fact that it Battles the whales Let's try to explain this and break it Down large whale transactions incur Slippage so thor chain actually Increases the transaction fees when Slippage also correspondingly increases So this kind of discourages the whales From dumping tokens which ultimately in Any situation leads to price crashes Pretty cool feature and when we compare Thor chain to other popular Decentralized exchanges in the space Such as maybe bancor or uniswap it's Pretty much like them as it uses an amm An automated market maker but there's One big difference so one of the pairing Assets is always the roon that's r u n e Token and this makes roon the base swap Pair but it's not the destination for Any transaction and as a result it Concentrates liquidity because each pool Always has the roon token as a pair Unlike a lot of other decentralized Exchanges so how does thor chain connect To other block chains you might tend to Skip this section because it could get a Bit technical and you'd be forgiven for That but you really should watch it to Better build your belief in thor chains Really quite revolutionary technology

Here's the gist of it bifrost connects The block chains with each other it uses Smart tokens kind of similar to the bank War system and they are the continuous Liquidity pools or clps and these clps Facilitate the exchange of assets lps Get rewarded clps for contributing Liquidity in all pools and thoroughchain Offers insurance to lps preventing Impermanent loss they have a very User-friendly ui or user interface and One of the reasons that roon is really Seeing such a positive price surge is Because they launched synthetic asset Trading back on the 10th of march so This offers instant settlement it offers Low gas and no risk of impermanent loss And that same day roon surged 37 a week Later it's up over 87 as you can see It's up today over 13 And in a nutshell it's nearly 2.5 x in The last 30 days actually at the time of This recording it's a little closer to Nearly a 3x as you can see in the last 30 days great price performance another Neat trending value proposition that They have is the name service thor name Only larger chains and ecosystems seem To have this as far as our observations Long strings of blockchain addresses Turn into readable names and it allows Use of special characters and emojis it Just kind of simplifies things another Exciting feature is thorfy which is

Coming soon to a neighborhood near you This brings lending and borrowing to the Thor chain ecosystem which we're going To dive into in more detail right now The current thor chain ecosystem is Completely community driven and has 10 Active sections with over 50 Decentralized applications including Arbitrage tools daos nft collections Software and hardware wallets swap and Pool interfaces liquidity provider tools And insurance among others and some of The projects include thor swap this is The world's first cross chain aggregator Thor wallet which is a mobile app with Cross chain wallet and dex decentralized Exchange it allows earning passive Income up to 18 On native btc and then this page you're Looking at is rune balance this shows Arbitrage opportunities in the pools and Finally the tvo on thor chain again at The time of this recording sits at 930 Million total value locked with over 150 Million dollars pooled and nearly a Billion dollars as a total reserve it's Certainly an interesting ecosystem and One that seemingly continues to grow and Grow and grow onto tokenomics now as we Just saw third chain is a popular Project it's been getting a lot of Attention recently and looking at the Current market cap you can see that thor Chain again whose sticker is roon

R-u-n-e currently sits at number 50 with A market cap of 2.8 billion dollars and A circulating supply of 300 million or 66 out of a total supply of 500 million In one month's time the market cap Increased by a billion dollars and as You can see the price is up again over 13 percent on the day at about 9.42 great performance as of late and You can stake roon by adding liquidity Into pools the average apy sits at about 37.5 percent and peaks are up to as high As 140 percent that's twt be p2 on b and B chain to be specific and the room Token has four distinct key roles Liquidity Of course as a settlement asset security As a sybil resistant mechanism which Also drives economic behavior the roon Token also works in governance signaling Priority on chain as well as incentives So paying out rewards charging fees and Subsidizing gas we mentioned already That thor chain does things a little bit Differently and that actually starts on The website here with the team because As far as we can see there is no Publicly known team Among a lot of other positive qualities This we have to say is a negative one It's always nice to know the names and The faces behind a quality project Unfortunately it's not possible here However we do know about the story so it

All started out as an anonymous group of Developers in 2018 and they made the Project as transparent as they possibly Could by publishing everything on github And right here we have the project Custodians now they seem to be moving to A community for governance this is Called the acer protocol and acer were The old norse gods that discuss Everything and really make all decisions So kind of a an elder Wise council of uh better men so to Speak be sure to correct me by the way In the comments below guys if i am Mispronouncing Acer and the community is slowly taking Over lines between the og custodians and The new community are kind of blurring And look this is a pretty unique and Novel concept they are decentralized but Are not a company there's no ceo no Founders but they are open source they Are transparent they are without command And at least a specifically defined Control structure They are auditable and they're a fluid Team with a pretty flexible community And if you want to get involved just Extend yourself into that community and Ask away i'm sure you'll be welcomed With open arms there are some Competitors out there worth considering So other protocols or block chains that Are interoperable i think should be

Considered competition given the context Here besides the major ones some smaller Projects may come close such as any swap Cardio chain and ren however ren is a Bridge and not an amm but what thought Chain does again is unique all other Defy options use wrapped tokens for Their interoperability or are single Chain 4chain on the other hand uses bifrost as A cross-chain bridge and doesn't wrap Tokens the only other exchanges that can Move assets around between blockchains Without wrapping them are centralized Exchanges Now then again maybe you wouldn't really Consider centralized exchanges to be Direct competition i guess it depends on How you want to define the terms here Alright let's talk about risks So far we have seen that thor chain has Many things going for it there's no real Competition in the traditional sense and Again they're unique as a project but This raises a few questions is store Chain all just sweet and rosy or are There some risks involved here let's be Frank when using thor chain well to Begin with thor chain seems to have Really not promised us a rose garden Just yet here are some of the risks that Come to mind providing liquidity to a Pool always has the risk of impermanent Loss but again thor chain offers a

100-day impermanent loss insurance you Can consider coverage that adds one Percent of insurance per day until it Reaches 100 days another risk is that There are some technical risks the Market and economic risks are always There but really that's the same for any Project there is the potential risk of a Bug in the coding that can be exploited By a bad actor and finally in july of Last year 2021 thor chain was hacked Three times within just a month so That's not a good thing hopefully it Will never happen again however that is The historical precedent that needs to Be considered let's talk roadmap now it Promises a lot more action so Cross-chain bridges are just the Beginning according to thor chain synths Have just been added and a multi-chain Main net is about to be launched once The chaos net is considered stable and a Few other features for the future are Mentioned as well but without further Details per se the next milestone that Is mentioned is thorfy and this is going To have lending composite assets and Leveraged trading let's talk recent Price activity then we'll launch right Into the price prediction for roon the Token has been pumping recently again During the last 30 days we saw a nearly Tripling of price from about 3.87 cents All the way now to nearly 10 dollars and

Again that's a massive recovery from the Bloodbath that happened post july 2021 When those unfortunate hacks occurred Look it's still a far cry from the All-time high of nearly 21 In may of 2021 but A nice comeback nonetheless and who Knows we could be in all-time high Territory again soon but look after Doing a 2.5 nearly three times x in a Fear-gripped market It's impressive to see the performance That roon has demonstrated and here's What our technical analysis expert Anurag says about the roon price Specifically in the next few weeks and Months okay so here's the bullish Scenario if roon manages to break above The resistance level at nine dollars Ninety cents then it'll be bullish if it Gains some momentum and buying pressure Builds well then we might test the next Resistance level at 11.90 And then 14.90 Breaking above 14.90 and that price Level based on fibonacci with Significant buying volume is going to Lead to a very good chance of crossing Above 17. and once we're there we're not Too far from a new all-time high but the Flip side as must always be considered The bearish scenario roon has been in a Downtrend channel if we zoom out far

Enough however if the 5.6 dollar so 5.60 Support level is not maintained that's What we have to look out for the price In that case is gonna fall to four Dollars three dollars two dollars and 30 Cents and potentially even lower but Again with some volume and based on Fibonacci analysis it looks like we Could be in store for A nice little uptick here in conjunction With all the positive news that's coming Out of this project okay here we are We're at the end of our in-depth look at Thor chain and of course it's roon token Ultimately to sum things up thor chain Is really being the comeback kid right Now in a very good way all respect goes Out to the project and the team for Bouncing back After those hard times last july and That hack they have a unique way of Making interoperability happen again With the bifrost bridge solution and That takes cross chain to the next level At least potentially and now that they Seem to be back on track with more new And exciting features in the making We're most certainly and eagerly Awaiting new all-time highs and new Positive developments from the team in 2022. guys if you're still watching pat Yourselves on the back number one also Be sure to like subscribe share and hit The bell to receive notifications never

Financial advice but best of luck of Course if you do choose to invest check Out these other couple of videos that Should be popping up right about now Have a great beginning to your weekend Members of the altcoin buzz army take Care stay safe and as always we do hope To see you again soon in our next video Until next time You