ThorChain was added to our Crypto Model Portfolio in February 2020 at $0.102. The price has since rallied 5210% and now trades at $5.42. RUNE or ThorChain remains under Algo Engine buy conditions.
THORChain is an independent blockchain built using the Cosmos SDK that will serve as a cross-chain decentralized exchange (DEX). It uses an automated market maker (AMM) model that resembles the first iterations of Bancor (BNT) or Uniswap where THORChain’s native token (RUNE) will be the base swap pair.
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