ckcapital

Why is RUNE price rising?

The cryptocurrency market, buoyed by Bitcoin’s (BTC) recent surge above $68,000 and the anticipated launch of Ethereum ETFs trading on July 26, has fostered a positive environment for altcoins like RUNE.
This optimism has been further reflected in THORChain’s performance, with the cryptocurrency’s market capitalization at $1.57 billion and a 24-hour trading volume of over $227 million.
Analysts have set ambitious targets for RUNE, forecasting a short-term price of $8 and a long-term goal of $54, driven by a bullish market outlook and significant ecosystem advancement