{"id":357408,"date":"2021-10-25T01:00:00","date_gmt":"2021-10-24T22:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price\/"},"modified":"2021-10-25T01:00:00","modified_gmt":"2021-10-24T22:00:00","slug":"reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price\/","title":{"rendered":"# Reactivated Ethereum pools trigger a 78% surge in THORChain price"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a370b35d86a5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a370b35d86a5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price\/#Ethereum_pools_are_open\" >Ethereum pools are open<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price\/#Future_airdrops_and_token_launches\" >Future airdrops and token launches<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Reactivated Ethereum pools trigger a 78% surge in THORChain price <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Ealier this year THORChain underwent a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be having a positive impact on RUNE price.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/d6fb8d9a-6a57-4069-848d-b457925eecfe.png\"><figcaption style=\"text-align: center;\"><em>RUNE\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Two reasons behind the recovery and building strength seen in RUNE include the relaunching of trading capabilities on all five supported blockchains including the Ethereum (ETH) network and the upcoming launch of multiple new projects on the THORChain network. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_pools_are_open\"><\/span>Ethereum pools are open<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The main development driving the momentum behind RUNE has been the reactivation of trading services across all supported blockchain networks, with Ethereum reopening on Oct. 21. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Trading has been enabled on Ethereum chain.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/THORChain?ref_src=twsrc%5Etfw\">@THORChain<\/a> restarted all 5 blockchains &#8211; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BNB<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTC<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BCH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BCH<\/a>.<\/p>\n<p>Ethereum LP will be enabled when the pool prices are corrected.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gNyDIEmCkL\">https:\/\/t.co\/gNyDIEmCkL<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/gIJqA1fFgL\">pic.twitter.com\/gIJqA1fFgL<\/a><\/p>\n<p>\u2014 THORSwap \u26a1 (@THORSwap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/THORSwap\/status\/1451146020918865922?ref_src=twsrc%5Etfw\">October 21, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trading activity was restricted following the April hack and after checking through the code again, the Bitcoin (BTC), Litecoin (LTC), Binance Coin (BNB), Ethereum and Bitcoin Cash (BCH) pools in the process of being reopened.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/THORNoobs\/status\/1451151087101046785\">data<\/a> provided by THORChain, the pent up demand for trading on the protocol was demonstrated by the near instant $2 million in trading volume for ERC-20 tokens minutes after the pool re-opened. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Future_airdrops_and_token_launches\"><\/span>Future airdrops and token launches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another reason for the bullish price move for RUNE is the upcoming launch of multiple new projects on the THORChain network which will soon be listed on the Thorstarter (XRUNE) platform, which is a decentralized launchpad for the RUNE ecosystem. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/THORChain?ref_src=twsrc%5Etfw\">@THORChain<\/a> tantalizingly close to restarting in all of its multi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> glory, it&#8217;s time to look at some of the more exciting tokens on the Asgardian horizon.<\/p>\n<p>Once <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> is plugged back in, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ThorFi?src=hash&amp;ref_src=twsrc%5Etfw\">#ThorFi<\/a> ecosystem is set to explode!<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24RUNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RUNE<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24THOR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$THOR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24TGT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TGT<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BRO<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SKIP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SKIP<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XDEFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XDEFI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/VpMhnVbCCT\">pic.twitter.com\/VpMhnVbCCT<\/a><\/p>\n<p>\u2014 Fomocraft (@FOMOcraft) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FOMOcraft\/status\/1450089400856190980?ref_src=twsrc%5Etfw\">October 18, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some of the major upcoming launches include THORSwap, THORWallet, Brokkr Finance, Skipp Swap, DeFiSwap and XDEFI wallet. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for RUNE have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/437ce9f7-50c4-4105-a44d-1f740cd1bfe1.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. RUNE price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for RUNE has been elevated in the green zone for the majority of the past week and it reached a high of 74 on Oct. 18, around nineteen hours before the price increased 29% over the next two days. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/reactivated-ethereum-pools-trigger-a-78-surge-in-thorchain-price\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Reactivated Ethereum pools trigger a 78% surge in THORChain price &#8221; Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":357409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMGYyZjc0NTYtZDM2MS00NzQ3LWIzOGMtODlhYjJiOTRkOWRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74860,74877,99002,74868,75916,74891,79487,105688,73785,71407],"class_list":["post-357408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-decentralized-marketplace","tag-defi","tag-dex","tag-ethereum","tag-launch","tag-markets-pro","tag-markets","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=357408"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/357408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/357409"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=357408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=357408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=357408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}