• THORChain (RUNE) displays bullish momentum, aiming to test previous highs.
• RUNE’s 2024 price predictions suggest potential for significant gains, with analysts predicting a stab at $7.1.
• Memeinator (MMTR) presale, on the other hand, shows impressive fundraising progress

In the ever-evolving landscape of cryptocurrency, THORChain (RUNE) and the groundbreaking memecoin Memeinator (MMTR) have recently grabbed the spotlight with significant developments.

From bold proposals to price predictions, both projects are poised for attention-grabbing moves. Let’s delve into the recent price movements of THORChain (RUNE), its future predictions, and take a glance at the MMTR presale stages, exploring the potential impact on the market.

THORChain (RUNE) price movements

THORChain (RUNE) price has been a subject of substantial volatility since the beginning of the year, witnessing pronounced fluctuations in buying and selling pressures. Despite a correction of over 11% Year-to-Date (YTD), the coin is currently trading with a bullish influence, hinting at a positive trajectory in the days ahead.

THORChain (RUNE) price prediction

Looking forward to 2024, THORChain’s future seems promising, driven by the anticipation of the halving event and changing dynamics in the cryptocurrency market. The altcoin, currently sustaining above the 200-day EMA, showcases a resilient recovery path, fueling HODLers’ expectations of a potential price boom.

Technical indicators, including MACD and the Cross EMA 50/200-day, suggest a bullish momentum for RUNE/USDT. The MACD displays a constant green histogram with rising averages, while the Cross EMA 50/200-day acts as a reliable support level. These indicators hint at the potential for significant price action, with a likely attempt to test the December 2023 high of $7.0927.

However, the market remains sensitive, and if bears gain dominance, a trend reversal could see the price testing support around $4.147. RUNE’s quick reversals amidst market volatility make the chances of reaching higher levels astronomical.

The year 2024 holds significant potential, with successful updates and collaborations projecting a maximum price of $18.47. Conversely, failure to meet expectations might lead to liquidation, potentially dropping the price to $3.64, and settling at an average of $7.23.

Memeinator (MMTR) presale stages

Switching gears, let’s shift our focus to Memeinator (MMTR), a meme coin generating buzz with its unique approach. Currently, in the presale stage, MMTR is making waves with impressive fundraising progress of $4,448,561 out of $4,474,137 in Stage 14. Priced at $0.0208, the anticipation is high for a potential increase in the next stage, projecting an intriguing journey for MMTR.

The Memeinator project distinguishes itself by not making false utility promises. Its AI layer specifically targets weak memes, with the end goal of incorporating them into an action game. The irreverent Tone of Voice (ToV) and strategic use of AI and blockchain technologies set Memeinator apart, making it more than just a meme coin.

As the MMTR presale progresses, price predictions become an area of keen interest. If the momentum sustains and the project team delivers vital updates and collaborations, MMTR’s price holds the potential to soar even after the presale ends, aligning with the bullish sentiment in the crypto space.

The MMTR presale, with its unique approach and the promise of tangible utility through an upcoming game, adds an exciting layer to the evolving cryptocurrency landscape.

Conclusion

The market dynamics of THORChain (RUNE) and the unfolding story of Memeinator (MMTR) present investors with a dynamic and potentially lucrative landscape. As crypto investors navigate through the market volatility, these projects offer intriguing opportunities.

For more information about the Memeinator MMTR, visit the official MMTR presale website.

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• THORChain (RUNE) token price has gained 65% over the past week and 53% over the past month.
• There has been a significant surge in social volume around THORChain.
• The social volume is driving notable attention toward the cross-chain liquidity protocol.

Although the price of THORChain (RUNE) is still down 10% from its start of the year price, the token has been on a strong bullish trend since the beginning of August. It has risen by 68% since August 1, pushing the price from around $0.92 to the current price of $1.55.

While some are super excited with RUNE’s upward trajectory, some are sceptical that the token could experience a pullback seeing that the rise has been so sharp. To fully understand how far the token could rise and the possibilities of a pullback, we shall delve into the factors pushing the price up.

Why THORChain (RUNE) price is rising

According to data on Santiment, the THORChain price surge is fueled by a surge in social volume. According to the data, RUNE’s social volume increased by 4,300% between August 7 and August 13, driving significant attention toward the THORChain protocol and its native token.

In addition, THORChain’s positive investor sentiment also grew 6,100% within the same timeline. This further caused RUNE’s trading volume to spike as more investors jumped in.

THORChain, which is a cross-chain liquidity protocol, in April, partnered with the web3 company Unizen to allow users to swap their Ethereum (ETH) and Avalanche (AVAX) for Bitcoin (BTC) while also permitting users to store assets on different chains. This has been a great driver of the increased activity in the THORChain ecosystem.

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