The current situation in the market is bearish and bear season is a good time to build crypto holding. It's always right to invest in projects that are promising and are doing good in the market. It is also important to keep the portfolio diversified because investing in the run project might not be a good idea and this is what I'm trying to do this time when the alt point market is down. It is expected that we will have the bull run cycle by the end of this year or Max in the next year so I am trying my way of investing to have a diversified portfolio across different crypto projects. Undoubtedly hive is my biggest crypto portfolio but I am trying to have some more coins added. Recently I invested in Solana which is a popular project and now I have heard that the Solana EFT is also applied. It's too early to think about it but if things go well then probably the price value for Solana is going to be good.
Thorchain is a leading DeX
There is another project that is on my list and it is called Thorchain and its token ticker is called RUNE. It's a decent lies liquidity protocol and we can call it dex (decentralized exchange). These days the demand for decentralised exchanges is going up and it is because people are looking for alternatives rather than going with centralised exchanges. Maybe in the future, we will have bigger volumes on decentralised exchanges than centralised exchanges, mostly because we get the self custody and control over our funds with these types of exchanges.
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.
Cross-Chain
This project is doing great on cross-chain which means we are not just limited to one blockchain network and this is very popular. I think that this functionality is going to bring more users on the platform and this is also the need of time. Things are always expected to improve over time and I have seen this protocol doing great on innovation. Cross-chain gives us more options to choose where we can swap tokens between different blockchain networks which was not possible before but now it is available and can be used easily.
Rune Price
I have been tracking this project for quite some time and now I am paying close attention to the project because its token price is low. I think we should invest in the project when there is more drop in price provided the project is strong and the same I can see on this project. I have seen it growing and now the current price is less than four dollars which I think is a good buying point for me. I expect that this token can go about 15 to $20 in the next bull run cycle so from the current price my expectation is about 4 to 5 X multiplication on the investment.
If we look at the one-month window for the price then its price was over $6 and now it is 3.89 dollars. There is a dip of 41.37% and this can be a good discount on the shopping hence I am planning to do this shopping soon.
I have not invested in this project yet but I'm planning to do it soon and before I do this I have gone through this project in detail to understand how it works and whatever is the token economy. We cannot have a guaranteed return on the investment but if the project is good and built on solid fundamentals then the probability of profit is quite high and I see that this project looks promising with a bigger community and a decent trading volume. What are your thoughts about this project and do you think that this decentralised exchange protocol can do great in the upcoming bull run cycle?
Thank you
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