FxWirePro-THORchain- Blockchain for liquidity network

THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain,Avalanche,Cosmos Hub, Dogecoin,Bitcoin Cash, and Litecoin.THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network.

Key features of  THORChain -

The ability to swap layer 1 across multiple chains.

No user registration is required - simply send a transaction and THORchain .

No wrapped assets.

Continuous Liquidity pools (CLP)-

It provides "always-on" liquidity to all assets.   

Allows users to trade assets at transparent, fair prices, without relying on centralized third parties.

Collects fee revenue for liquidity providers fairly.

THORchain employs Cosmos SDK based on the BFT Tenedermint consensus engine. It manages peer-to-peer networking, block generation, and consensus. The staking,swapping, and trading logic is built on Cosmos SDK.

THORchain TSS-  It is a robust secured and leaderless signature scheme that allows several signatures to be involved in signing on a given message.

It accepts the requests from the caller, organizes the parties for the keygen/key sign process, manages the TSS messages, and establishes the connection with the peers through the P2P network.

RUNEUSD surged more than 45% in the past three weeks. It hit a high of $5.49 and is currently trading around $5.228.

The bullish invalidation can happen if the pair closes below $3.75. On the lower side, the near-term support is $4.69. Any break below target $4.20/$3.70. Any breach below $3.70 targets $3/$2.50.

The immediate resistance stands at around $5.50. Any breach above confirms bullish continuation. A jump to $6.50/$7.39  is possible. A surge past $7.50 will take it to $10/$12.

It is good to buy on dips around $4.70 with SL around $4 for TP of $7.