The cryptocurrency that grew by 20% per day is named

The cryptocurrency market has been quiet over the past day. Traditionally, trading volumes fell on the weekend, and the volatility of the leading digital assets was almost minimal. Among the top 100 digital coins and tokens, only one stood out — THORChain (RUNE). Its quotes jumped by as much as 20.2% during the reporting period. This virtual currency managed to take the 82nd position in the top ranking.

At the time of writing, on August 13, 2023, the value of RUNE was fixed at $ 1.33. The market capitalization of the digital asset was at $ 453.4 million. Daily transaction volumes soared by 118%, reaching $ 128.7 million.

Market researchers noted that over the past 7 days, THORChain’s price has already increased by 42.2%, which is an excellent indicator. However, despite such optimistic figures, this cryptocurrency was still trading 94% below its peak price.

THORChain is a decentralized liquidity network. The project’s developers assured that their product can easily carry out cross-chain asset exchanges. The platform is implemented using CLP (Continuous Liquidity Pools) technology or continuous liquidity pools. The essence is that they allow you to combine different digital currencies into a single pool and then broadcast their purchasing power into the system.