Earlier this week, I wrote about how BTC Trading Resumed on the Thorchain protocol. This was a huge leap toward getting Thorchain fully operational once again following the major hacking events a few months ago.
There is no doubt that RUNE is depressed in price right now more than necessary. The market is pricing in the fact that the network was offline for nearly 2 months as audits were completed and LPs are prepared to be made whole.
It's a tough time for Thorchain but tough times often breed the most resilient protocols, applications and technologies.
We saw that with Bitcoin in the early days.
We saw that with Ethereum after the DAO hack.
We saw that with Thorchain in their ETH exploits and now they are starting to come out of it.
We're also seeing that with LEO and CUB as the team tries to expand and build under pressure.
All of these technologies have already or will in the near future pull themselves out of the dirt and emerge stronger than before.
ETH to Resume Trading!
The big news today is that Ethereum and ERC20 trading is about to resume.
This is far faster than anyone anticipated going into this past weekend.
We were all anticipating mid to late this week or most likely mid october but it turns out that the audits of code and contracts went better than anticipated and things are swimming right along.
Get ready for the moonshot.. I think we'll see $30 RUNE in the VERY near future.