Summary
This prediction ended on 12.01.24 with a price of €4.64. The BUY prediction by Gilbert for THORChain performed very badly with a performance of -41.74%. Gilbert has 50% into this predictionTHORChain is a decentralized liquidity network that enables users to easily swap assets across different blockchain networks. It was launched in 2021 and is designed to enable trustless cross-chain trading without any intermediaries. THORChain uses a decentralized automated market maker (AMM) system, powered by a native token called RUNE, to enable seamless trading between different cryptocurrencies.
The platform offers users a number of different applications, including:
1. Instant Swaps - Users can instantly swap one cryptocurrency for another without having to rely on centralized exchanges. This enables users to quickly and easily move value between different blockchain networks.
2. Liquidity Pools - THORChain uses a liquidity pool system to facilitate trades. Users can contribute their own cryptocurrencies to these pools and earn fees for providing liquidity.
3. Yield Farming - Users can earn rewards for providing liquidity to the THORChain network. This is done through yield farming, where users stake their cryptocurrencies in liquidity pools and earn rewards in the form of RUNE tokens.
4. Cross-chain Transactions - THORChain enables users to complete cross-chain transactions, allowing them to move cryptocurrencies between different blockchain networks with ease.
In summary, THORChain is a decentralized liquidity network that facilitates trustless cross-chain trading. It offers users a number of different applications, including instant swaps, liquidity pools, yield farming, and cross-chain transactions.
Performance without dividends (%)
Name | 1w | 1m | 1y |
---|---|---|---|
THORChain | 5.394% | 5.394% | 303.366% |
iShares Core DAX® | 1.804% | -0.748% | 13.168% |
iShares Nasdaq 100 | -0.182% | -3.412% | 39.976% |
iShares Nikkei 225® | 0.413% | -7.381% | 18.776% |
iShares S&P 500 | 0.664% | -1.941% | 28.141% |
Comments by Gilbert for this prediction
In the thread THORChain diskutieren