Friday, 12 April 2024

Crypto News

THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch

THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch

  • THORChain continues to experience massive adoption, surpassing $40 billion in all-time trading volume.
  • All in Bits launches new governance chain ahead of Cosmos’ AtomOne fork.
  • Defiant meme token Rebel Satoshi concludes presale and prepares to launch.

THORChain (RUNE) and Cosmos (ATOM) are among the highest gainers, as the crypto market has exhibited surprisingly bullish behaviour lately. 

At the same time, investors look forward to a major memecoin launch in Rebel Satoshi ($RBLZ).

THORChain exceeds $40 billion in total volume since inception

THORChain remains one of the top DeFi projects. According to data from its block explorer, the mega-decentralized exchange has surpassed $40 billion in total trading volume since April 2021. 

THORChain’s monthly average volume is about $3.13 billion, while the daily average is roughly $142.38 million. The developers boldly hinted at aiming for $1 billion daily as the next target.

In another milestone, users have borrowed over $10 million using THORChain based on a recent post on the platform’s X/Twitter page. This is twice the amount compared to roughly two and a half months ago.

RUNE perfectly reflects these developments on the charts. The token is worth $6.12, 63% higher than last month’s low of $3.75. Moreover, RUNE forecasts imply RUNE can reach a minimum of $8 by 2025.

All in Bits launches governance blockchain ahead of Cosmos Hub fork

The Cosmos community experienced contention in November 2023 as some members wished to decrease the maximum inflation rate of the ATOM token from 20% to 10%. Cosmos’ co-founder Jae Kwon, who was against the voting results that greenlighted this proposal (Prop 848), decided to ‘fork’ Cosmos into a new chain named AtomOne.

Through a firm headed by Kwon (All in Bits), a new governance chain, GovGen, is now live before the genesis of AtomOne. All in Bit will release a token for this platform, prioritizing the ATOM holders who voted ‘no’ to the proposal, meaning the ‘yes’ ATOM holders will have less governance power. Moreover, the tokens are strictly for voting and won’t be transferable.

Like RUNE, ATOM is on a surge, climbing 33% since January 23, 2024, from $8.70 to $11.60. Forecasts see $20 as ATOM’s minimum starting price for 2025.

Finally, let’s discover more about Rebel Satoshi and why some analysts…

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