Thorchain Resumes BTC Trading Operations | Short-Term Price Target: $12

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Just yesterday, Thorchain managed to resume Bitcoin trading operations.

No, this is not your PancakeSwap or Uniswap BTC trading... this is NATIVE BTC swapping.

The only Native BTC swapping in the entire world. Cross-chain is back baby.

This marks the re-commencement of all swapping on Thorchain except ETH and ERC20 pairs. Those are next and last to be resumed.

When ETH and ERC20 goes live, I expect an instant pump in the price of RUNE as market confidence comes back.

$12 Price Target

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My short-term price target on RUNE is $12. This would be us returning to relative parity with the rest of the altcoin market.

As the market strengthens and people see that Thorchain is operational and bug-free, the momentum will grow once again.

Mix in some cap raises and some node bonding increases and I believe that RUNE will rise to it's ATH of $22 and beyond in the very near future. Most definitely by the end of the year.

Exciting times for Thorchain. An amazing accumulation opportunity for anyone who's been paying attention to the platform and the rebuilding of trust.

Are you buying and hodling RUNE?

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