Following a dramatic trading pause on ThorSwap, native token Thorchain ($RUNE) has exploded +12%, this comes amid heightened efforts across the crypto industry to tighten security around illicit funds following the break-out of major violence between Hamas and Israel.
Trading has resumed following updates to the terms of service by leading DEX platforms. These updates also include unspecified “additional safeguards,” which are believed to involve third-party chain analysis firms.
This opens the door to questions about the decentralised nature of ThorSwap.
Additional updates to the term of service now reveal that Thorchain has begun to block users from countries sanctioned by the United States – in a heavily criticized move that threatens to damage the philosophical basis for decentralised exchanges.
It remains to be seen whether the team will respond to these criticisms.
RUNE Price Analysis: Is it too Late to Buy Thorchain?
In the midst of the re-opening of trading, RUNE is currently trading at a market price of $1.67 (representing a 24-hour change of +1.68%).
This comes following the tumultuous loss of the 20DMA on October 6, which saw the price slip as much as -28.4% by October 12.
The uptick in price action appears to have been bolstered by a brief re-visit to the accumulation zone between $1.485 and $1.39 – an area that has supplied much of the recent upside since the start of September.
With consolidatory support established at the $1.62 price level – price action now seems intent on pushing-up to reclaim the 20DMA.
The 200DMA remains below current price action at $1.31 in testament to the continued strength of recent price action since the golden cross on August 22.
Turning our attention to RUNE’s indicators, the RSI remains at a bullish oversold signal at 44.86 – hinting that the price could move to the upside on the short-time frame.
However, this is contrasted by the MACD which continues to display bearish divergence at -0.0434.
Overall, RUNE appears strong here – with solid footing above multiple technical supports (accumulation zone and 200DMA) – suggesting an upside move towards the 20DMA is likely.
This leaves RUNE with an upside target at $1.83 (a potential +9.87%).
While downside risk could see RUNE fall to $1.48 (a possible -11.14%).
Thorchain, therefore carries a risk: reward ratio of 0.89 – a bad entry targeting a recovery move.
But while Thorchain targets a recovery, a superior play emerges with the fastest-growing project in Telegram GambleFi.
Discover the Fastest Growing Project in Telegram Gambling: TG Casino
As Telegram trading bots and GambleFi dominate Autumn’s narratives, the TG.Casino ($TGC) presale is gaining significant attention ahead of its highly anticipated Telegram casino launch today.
This comes after a dramatic presale saw TG Casino surge to $805k raised in just a week, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, it ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Explore the Hype
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to choose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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