THORChain

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THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels.
Related Reading | THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It?
At the time of writing, RUNE’s price trades at $9 with an 11% profit in the past 24-hours and a 17% profit in the past week.
 RUNE on a rally in the daily chart. Source: RUNEUSDT Tradingview
According to analyst Alerzio from research firm Santiment, RUNE’s current rally has traders wondering if the token will be able to sustain its gains. The cryptocurrency could revisit its lows if the bulls are unable to push past the $10 in the short term or if the crypto market takes another bearish turn.
The analyst believes that RUNE’s current rally has been “healthy”. As the price move upwards, the token’s trading volume followed standing at its highest since April 2021.
In addition, the Weighted Sentiment, a metric used to measure market sentiment across social media platforms, suggests more gains. This metric stands in the negative as the token claims into its current levels which is a bullish sign.
 Source: Santiment
In the crypto markets, operators believe that prices tend to move opposite to the crowd’s expectations. Therefore, a negative sentiment suggests more gains for RUNE. The analyst said that “the greed is out” of the market, for the time being.
In addition, the futures market seems to support the bulls as funding rates on Binance and FTX were barely returning from negative territory into positive on the recent price action. The analyst added:
Binnance’s funding rate is positive (not too much) while FTX’s funding rate is about to get into the positive areas. this can be considered as a “not very good, but not too bad” signal.
 Source: Santiment
THORChain (RUNE) Potential Headwind For Future Gains
The analyst believes that THORChain (RUNE) developer activity could be a long-term obstacle for RUNE’s price. He claims the project needs fresh ideas and proposals to sustain its momentum. The analyst concluded:
RUNE’s previous rally was a healthy one. there is still some price potential in short term, but the outlook for long term hodling is not good enough because there is not enough development activity.
However, THORChain introduced a major feature for its network recently called synthetics assets. This gives users the capacity to access tokens pegged to the price of BTC, ETH, and others.
Related Reading | Top DeFi Names SUSHI, ThorChain, Others Surge 10% Higher
Thus, users will be able to leverage new investment strategies and products. At the time, an official THORChain post stated:
As a benefit, you will have access to yield generating vaults, and be one of the first users who will vest their funds. Minting synths will be capped and access will depend on how much liquidity is in the THORChain pools.


THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels. Related Reading &#124; THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain ...

newsbtc.com

Can RUNE Sustain Its 20% Rally?, Why This Analyst Doubts It

NEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today’s session. 
THORChain (RUNE)
RUNE was easily one of the biggest gainers during today’s trading session, as it separated itself from AXS, cementing itself as the world’s 43rd-largest cryptocurrency. 
Following a low of $7.50 during yesterday’s session, Tuesday’s session saw RUNE/USD rise to an intraday high of $9.05 earlier today.
This move sees RUNE climb to its highest level since last Thursday, April 14, where price went on to be held at resistance. 

The long-term ceiling is currently at $9.40, which hasn’t been broken since earlier this month, and late March prior to that. 
Regardless of this, price strength has recently shown strong gains, with the 14-day RSI climbing beyond the ceiling of 51. 
Should this momentum extend, we could see RUNE at $10.00 later this week. However, bulls could likely take profits once this point is reached.

NEAR Protocol (NEAR)
NEAR continued to move away from its long-term support level on Tuesday, as prices rebound following a recent four-day bear run.
This run took NEAR from resistance of $17.55, all the way down to support of $15.40, with a breakout taking prices to multi-week lows.
Since bouncing from support yesterday, those gains extended in today’s session, with NEAR/USD hitting a peak of $17.50.

Now once again near resistance, many are waiting to see if prices will continue to consolidate, or if there will be a sustained breakout for the first time this month.
Looking at the chart, the 14-day RSI is currently tracking at 63.24, which although overbought, has just climbed past a resistance level of 61, and appears to be aiming for a higher ceiling at 66. 
Should this happen, NEAR could be trading near the $18.00 mark, with the potential to recapture $20 for the first time since January. 
Will we finally see a breakout in NEAR after a month of consolidation? Let us know your thoughts in the comments.



























NEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today&#x2019;s session. THORChain (RUNE) RUNE was easily one of the biggest gainers during today&#x2019;s ...

news.bitcoin.com

Biggest Movers: RUNE Rises by Over 20% Today, as NEAR Climbs to Resistance

According to THORChain’s treasury report for Q1 2022 released on April 1, the chain registered a growth in revenue despite the twofold impact of persistent market sluggishness and highly unstable geopolitical factors. Public data shows that THORChain recorded $2.17 billion in revenue in Q1 2022. THORChain, acclaimed as the “cross-chain version of UniSwap”, gained a foothold in the cross-chain trading market relying on its unique advantages and earned extensive recognition among investors.
Behind all these glamours, THORChain is also deeply troubled by hacking. The chain suffered frequent security breaches since it was launched on Ethereum, a fact that casts doubt on its security. On April 11, THORChain tweeted about phishing attacks, warning users not to interact with [DeTHOR] or other unknown tokens within their wallets, which once again raised concerns about its security issues.

While building a sound security system for CoinEx products, the CoinEx security team also keeps track of security incidents in the blockchain space to help users better understand the security of different projects from the perspective of technical security and mitigate the investment risk. Aiming to improve the security criteria for the blockchain sector, the CoinEx security team has analyzed the security risks of THORChain (RUNE). The team hopes that THORChain could note and mitigate the following risks by optimizing the relevant smart contract codes. In addition, this article is also a warning for users, reminding them to be more aware of asset security and avoid asset losses.
How secure is THORChain (RUNE)?
Through analysis of the contract code and logic of THORChain (RUNE), the CoinEx security team has found the following risks:
To begin with, let’s check out the contract code of THORChain (RUNE):
https://etherscan.io/address/0x3155ba85d5f96b2d030a4966af206230e46849cb#code
We can tell that RUNE is a pretty standard ERC-20 token. It should be noted that apart from the ERC-20 interface, THORChain (RUNE) offers an additional interface:

According to transferTo (as shown in the picture above), THORChain (RUNE) uses tx.origin, which is one of the causes behind its security risks. Here, we should explain the difference between tx.origin and msg.sender:
The below picture describes what happens when a regular address calls the smart contract:

In such cases, msg.sender = account.address, and tx.origin = account.address, which means that msg.sender is just the same as tx.origin.
The following is what happens when an account calls contract A, and contract A calls contract B:

When contract A calls contract B (as shown above), we can tell that msg.sender equals tx.origin in contract A.
However, in contract B, msg.sender = contractA.address, while tx.origin = account.address. Therefore, tx.origin is like a global variable that traverses the entire call stack and returns the address of the account that originally sent the transaction. This is the key issue: to date, almost all known attacks against THORChain (RUNE) relate to tx.origin.
Let’s now find out how attackers steal users’ RUNE tokens through tx.origin:
Attack No.1: Pilfer a Goat from a Herd
Addresses on Ethereum are divided into external addresses and contract addresses. Transferring ETH to these two types of addresses through external addresses is fundamentally different. The Official Documentation of solidity states that a contract address must implement a receive Ether function before making transfers.
In light of the features of tx.origin, hackers may build an Attack contract:

When the Attack contract receives an ETH transfer from a user, it will “pilfer a goat from a herd” — the contract will steal the user’s RUNE tokens in the process.
Attack No.2: Internal Attack
An Internal Attack is a special type of attack. When trying to steal a user’s RUNE through an Internal Attack, the hacker needs to have a medium token. Moreover, the token must also call third-party contracts. According to the transfer records of RUNE on Ethereum, some attackers hacked RUNE through AMP Token transfers.
AMP Token uses the ERC-1820 standard to manage Hook registration and examine whether Hook is registered upon each transfer. If Hook has been registered, then the Hook will be called.
The contract code of AMP Token shows that the final implementation of the transfer is: _transferByPartition. Meanwhile, there are two calls involving transferHook: _callPreTransferHooks (before the transfer) and _callPostTransferHooks (after the transfer). In particular, _callPreTransferHooks is for the from address, while _callPostTransferHooks is for the to address (i.e. the receiving address).
For regular users, stealing tokens from themselves is pointless. Therefore, attackers may exploit _callPostTransferHooks. Let’s now check out the codes of _callPostTransferHooks.

IAmpTokensRecipient(recipientImplementation).tokensReceived()
We can tell that the only callback that attackers could exploit is IAmpTokensRecipient(recipientImplementation).tokensReceived()
Next, we will illustrate how this call can be used to transfer a user’s RUNE while making an AMP Token transfer.
Step 1: A call contract is needed (as shown below):

Step 2: Deploy the contract to obtain the Attack Address.
Step 3: Call the ERC-1820 contract interface (setInterfaceImplementer) to register the interface.
ERC-1820 Address: 0x1820a4B7618BdE71Dce8cdc73aAB6C95905faD24
Contract interface: setInterfaceImplementer(address toAddr, bytes32 interfaceHash, address implementer)
In particular, toAddr is the receiving address of the AMP transfer,
interfaceHash为AmpTokensRecipient的hash:
0xfa352d6368bbc643bcf9d528ffaba5dd3e826137bc42f935045c6c227bd4c72a
interfaceHash is the hash of AmpTokensRecipient:
0xfa352d6368bbc643bcf9d528ffaba5dd3e826137bc42f935045c6c227bd4c72a
Implementer is the Attack Address obtained in Step 2.
Step 4: Lure a user to transfer AMP to the toAddr to trigger a callback, and steal his RUNE at the same time.
Attack No.3: Phishing Attack
As its name suggests, in a phishing attack, the attacker promises to give away incredible benefits to lure users into performing certain contract operations. Here, we will introduce a common phishing attack.
Step 1: The attacker issues an ERC-20 token, and may write it into any contract interface that involves signatures.
 
Step 2: Create a trading pair on Uniswap or any other swap;
Step 3: Offer airdrops to all users/addresses who hold RUNE tokens;
The initial work of the phishing attack is basically completed through the above these steps. Next, the attacker only has to wait for users to trade on a swap, and users risk losing their RUNE once they perform operations such as approve, transfer, etc.
In addition, in order to further verify the security risk of THORChain contract code, CoinEx has discussed with the security team from SlowMist and PeckShield, two well-known security agencies in the industry. Confirmed by SlowMist and PeckShield, the security risk mentioned above does exist.
So far, we have covered several types of attacks, as well as the security risks that users are exposed to.
How should the project team optimize the contract code to make itself more secure and protect users’ assets?
The only answer is to be cautious about using tx.origin.
How can regular users mitigate risks and protect their assets in the face of attacks that seem unavoidable? The CoinEx security team offers the following suggestions:

For Attack No.1: When making a transfer, keep track of the estimated Gas consumption. For a regular ETH transfer, a Gas fee of 21,000 is more than enough. Be careful if the Gas consumption far exceeds that figure.
For Attack No.2: Isolate your tokens by adopting different wallets. You can store different tokens in different addresses. Extra caution is needed when it comes to the hot wallet address offered by exchanges.
For Attack No.3: Greed is the source of all evil. Do not blindly participate in any airdrop event.

Security has always been a top concern in the blockchain sector. All players, including project teams and exchanges, should prioritize security during project operation, keep users’ assets safe and secure, and jointly promote the sound growth of the blockchain industry.


According to THORChain’s treasury report for Q1 2022 released on April 1, the chain registered a growth in revenue despite the twofold impact of persistent market sluggishness and highly unstable geopolitical factors. Public data shows that THORChain recorded $2.17 billion in revenue in Q1 2022. ...

CoinEx Security Team: The Security Risks of THORChain (RUNE)

THETA and RUNE are trading over 10% lower to start the week, as recent declines in the crypto market extended during Monday’s session. As of writing, the global cryptocurrency market cap is down nearly 5%. 
THORChain (RUNE)
In addition to BTC and ETH, RUNE also fell to a three-week low to start the week, as bearish pressure mounted in crypto markets.
Following a high of $9.47 on Sunday, RUNE/USD fell to an intraday low of $8.06 during today’s session, as prices fell to their lowest point since March 25. 
This drop sees RUNE hit its long-term support point at $8.08, after trading near its resistance of $12 almost a week ago. 

Looking at the chart, today’s move comes as price strength failed to move beyond the ceiling of 50, which then prompted bears to send prices lower.
The decline in price strength came as momentum also declined, with the 10-day and 25-day moving averages preparing for a downwards crossover.
As of writing, the Relative Strength Index (RSI) is sitting at its lowest point since February 27, however some still expect further falls in price.

Theta Network (THETA)
Like RUNE, THETA was also down by over 10% during Monday’s session, as it fell for a second consecutive session itself.
THETA/USD hit a bottom of $3.03 to start the week, which is its lowest point since March 25, and this comes as the long-term floor was broken.
This support level at $3.30 caved in as prices fell for the ninth time in eleven sessions, as THETA’s value dropped by over 20% in the last week. 

As a result of this descending pressure on price, we are now on the cusp of a downside cross between the moving averages of 10 and 25 days, respectively.
Should this happen, we could see even more upcoming lows, with bears likely to target the $2.65 level as the next long-term floor.
Despite the 14-day RSI currently tracking near multi-month lows, should the floor of 40 give way, we may head to 34, which will be enough to see the $2.65 level hit.
Will bulls see today’s drop as a good opportunity to buy THETA and RUNE? Let us know your thoughts in the comments.



























THETA and RUNE are trading over 10% lower to start the week, as recent declines in the crypto market extended during Monday&#x2019;s session. As of writing, the global cryptocurrency market cap is down nearly 5%. THORChain (RUNE) In addition to BTC and ETH, RUNE also fell to a three-week low to s...

Biggest Movers: RUNE and THETA Fall by Over 10% on Monday

Since the latter half of March, the cryptocurrency market has adapted a recovery sentiment. With increasing underlying bullishness, the RUNE buyers breached a few important resistances such as $5.8, $9.2, and now $11.8. Can buyers sustain the fresh breakout for another leg up?
Key points

RUNE price forming a rounding bottom pattern in the daily time frame chart
The buyers are struggling to sustain above the $11.8 mark
The 24-hour trading volume in the Thorchain coin is $391.2 Million, indicating a 5.97% loss. 

Source-Tradingview
The THORChain(RUNE) buyers escaped from its accumulation phase on March 12th, with a decisive breakout from $5.8 resistance. The post-retest rally soared 42% by forming six consecutive green candles and reached the $9.3 mark. 
After a minor pullback, the renewed buying pressure breached this overhead resistance($9.3), followed by $11.8. As a result, the RUNE price has registered a 200% gain since the beginning of March.
Today, the altcoin retested the $11.8 mark to obtain sufficient demand for further rally. However, the long-wick rejection attached to daily candles suggests sellers are aggressive on a higher level.
If RUNE sellers force a candle closing below the $11.8 mark, the traders can expect a minor correction to the $9.25(0.328 Fibonacci retracement level) or $8 mark(0.5 FIB).
Contrary, if buyers could sustain above the $11.8 mark, the follow-up rally could hit an 18% high $14 resistance.
Technical indicators:
The recovery rally has retrieved the crucial EMAs(20, 50, 100, and 200), suggesting the buyers are back in the driving seat. Moreover, a golden crossover among the 50-and-200-day EMA lures more buyers into the market.
The vortex indicator widens its gap between the VI+ and VI- slope, indicating strong bullish momentum.

Resistance levels: $14 and $16.7
Support levels: $9.3 and $8

The post THORchain Price Prediction: Rune Parabolic Rally Sliced Through Another Resistance appeared first on CoinGape.


Since the latter half of March, the cryptocurrency market has adapted a recovery sentiment. With increasing underlying bullishness, the RUNE buyers breached a few important resistances such as $5.8, $9.2, and now $11.8. Can buyers sustain the fresh breakout for another leg up? Key points RUNE pri...

THORChain price	$2.95
Low - High 24H	$2.84 - $3.00
Market cap	$888.75M
Volume 24H	$42.30M
All time high	$20.87 -85.84% May 19th 2021
All time low	$0.008513 34613.82% September 28th 2019
Genesis date	N/A

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