In the Crypto market, we expect more decentralisation and this is why any project driven by such an approach can be a good one to keep an eye on. We have multiple centralised exchanges where we can buy and sell crypto whenever we want and even a swapping option is also available from one to another. But this is the time for self custody and keeping more funds in the exchange wallet can be at risk since we do not own the key.
With decentralisation, we use non-custodial wallets and the key remains with us so the ownership is also with us and we can rest assured that funds are in our control. The one project I am discussing in this post is driving more towards decentralisation. It is THORChain and this project has been doing well for quite some time.
THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash & Litecoin
RUNE is the native coin for THORChain and this coin has got a good use case and utility. The above chart is a clear example of how this has grown in the last year even though we are in a bearish market. It is expected that in the next bulletin cycle, the growth can be multiple for this project and this is why it is worth keeping an eye on this project because the project is promising and has great potential. The chart is specifically taken for the 1 year time and you can see the overall price momentum.
We can swap crypto, earn by staking and even borrow https://thorchain.org/ and this is all possible cross chains. Now we are in a time when cross-change functionalities are needed and this protocol has already provided it which is great because now swapping from one chain to another is a very easy task that can be done easily.
Innovation is something that this project is focusing more on and this is why the kind of ecosystem they are trying to build can bring more value over time. Once again it is not financial advice however it is worth noting that the project is doing good and if you feel it has potential then you can spend some time exploring and learning more about it. Invest only if you feel comfortable and if you see the potential else there is nothing wrong or any harm if you are just exploring for your information only.
Thank you so much for stopping by and if you like my content then please vote and share your thoughts in the comments section.
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You did good calling out attention to ThorChain seems a nice project, indeed they are worth looking into
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This is very informative post for me . Your are telling us about the THORChain . And you detailed it very beautifully, and the end of your post was so easy to understand about a new thing. I wants to thanks for sharing a beautiful article you have shared.
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RUNE is the best coin of THORChain . Nice analysis about this topic. Thanks for sharing
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Your article is very good. Nicely explained about THORChain.I hope you write articles like this in the future.Thank you.
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I have also done a deep investigation regarding THORChain network and it can be defined as a great investment for future.
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Very important Article, thank you so much for posting this.
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Thanks
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