Sunday, May 19, 2024

The anticipated mainnet launch of Rune and Terra (LUNA) integration sparked a 74% rally.

2021 was a rough year for Rune ecosystem and now experiencing some bullish signs. This meant 70% plus rally thanks to the awaited launch of a mainnet. Integration with Terra also played a key role in boosting Rune’s stock.

Market data indicates that investors may be looking closely at Rune and factors as to why the market is bullish. Terra is the owner of the Cosmos ecosystem and the launch of the mainnet means access to good yields for liquidity providers. Data provided by analytics companies show that Rune prices have risen to $5.23 on March 1st, from a low of $3.00. This is a 74% increase which is a good sign for the company.

One development that has generated a lot of excitement in the Rune community is the company’s integration with Terra. Access to the THORChain protocol means work in projects to do with Cosmos. Terra integration also means access to the Luna token. Users have many more staking and trading options as the THORChain supports 8 blockchains and 6 wallets. Users can access a decentralized exchange across multiple chains. Work is under way to add support for Monero and Haven as well.

The actual date for the mainnet launch has not yet been announced and there is a lot of excitement in the community. The requirements for the launch are meeting every testnet goal and rehearsing addition and removal of chains. All in all, there is a lot to look forward to with this new mainnet and access to multiple blockchains.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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