Hello Leo-Family,
The last seven days have been nothing short of a nightmare for RUNE holders. The token has plummeted from $5 to just above $3, marking one of its sharpest declines in recent memory. The catalyst? A chain reaction triggered by a sort of "bank run" scenario. As Bitcoin's value surged, BTC loans were repaid en masse, forcing Thorchain’s protocol to provide significantly more RUNE as collateral. This sudden imbalance created immense sell pressure, exacerbating the downturn.
This event serves as a stark reminder that while Thorchain’s technology is groundbreaking, it’s still in its infancy. The mechanics of decentralized finance, especially in volatile markets, can lead to severe price fluctuations that challenge even seasoned traders and investors.
So, where do we go from here? The fundamentals of Thorchain remain strong, with record-high on-chain volumes and a growing ecosystem. However, confidence needs rebuilding, and market sentiment will play a crucial role in determining RUNE's next steps.
Will the token stabilize and recover as BTC and broader markets consolidate, or are we in for further pain ahead? It’s time to make your guesses as we navigate through this tumultuous phase for RUNE. Share your predictions and join the discussion!
Don't forget to reshare this post for a maximal winning chance!
What do you think RUNE will cost by the end of Sunday?
Comment with your guess directly to this post. The bet closest to the truth will win the weekly price. If your bet is exactly to the point, you will win the Jackpot.
The Prices
The weekly Price
15 LEO for the winner
30 LEO for the winner who reshared (rehived) this post before Sunday
As long as we have a bet, we have a winner!
The Jackpot
100 LEO
The Jackpot is fixed to 100 LEO.
The Rules.
- provide your tip of the RUNE Price in US$ (Format $X.XX) with two decimals as a comment until Saturday 23:59 CET
- only one tip per account allowed per individual user; multi-account-users shall only comment with one account, multiple comments lead to disqualification
- the tip that is closest to the reference price will win the weekly price
- if there are two tips equally near to the winning value, the one that is given earlier is the winning one
- a tip that is precisely on the spot with the reference price will win the Jackpot
- the reference price will be taken from Coingecko; (see the following reference)
and rounded to two decimals - prices are transferred directly to the winning account before publishing the next weekly post
- winners are announced in the respective section of the next game post
We had 33 valid bets in our last weekly RUNE guessing round and the tipps ranged from 2.60$ to 6.34$. @bntcamelo had the right guess, directly on spot to the reference price. The bets in detail:
2,60 @leprechaun
3.36 @jhonnygo
3.37 @bntcamelo Jackpot winner
3.41 @rosauradels
3.44 @necho41
3.45 @miriammarga
3.46 @jorgebgt
3.52 @rebe.torres12
3.74 @caspermoeller89
4.09 @jenam
4.11 @yova
4.22 @tokutaro22
4.30 @jfang003
4.41 @hatdogsensei
4.47 @subidu
4.55 @hjrrodriguez
4.71 @ferod23
4.79 @erikklok
4.95 @chrisparis
5.00 @moretea
5.01 @elementm
5.03 @monsterbuster
5.04 @henruc
5.07 @olivia08
5.09 @middle-earthling
5.11 @olaf.gui
5.16 @lumpiadobo
5.19 @servelle
5.21 @yeckingo1
5.30 @olympicdragon
5.45 @fredkese
5.78 @littlebee4
6.34 @j2e2xae
Congratulations to @bntcamelo who won this little game for the 13nd time. Fortunately, @bntcamelo reshared the post to double the win and got 30 LEO on top of the 100 LEO Jackpot.
Good Luck
HALL OF FAME 2022
| Account | Number of winnings in 2022 |
|---|---|
| @bntcamelo | 13 1x Jackpot |
| @gillianpearce | 7 |
| @rebe.torres12 | 6 |
| @alovely | 4 |
| @erikklok | 4 1x Jackpot |
| @jhonnygo | 4 |
| @jorgebgt | 4 1x Jackpot |
| @kelseyimoh | 4 1xJackpot |
| @miriammarga | 4 1x Jackpot |
| @necho41 | 4 |
| @pulubengdugs | 4 |
| @servelle | 4 2xJackpot |
| @cinygirl | 3 1x Jackpot |
| @daniella619 | 3 1x Jackpot |
| @ddn688 | 3 |
| @jfang003 | 3 |
| @moretea | 3 |
| @rosauradels | 3 |
| @youngelder | 3 |
| @ericburgoyne | 2 |
| @henruc | 2 |
| @hhayweaver | 2 |
| @yeckingo1 | 2 1xJackpot |
| @yova | 2 1xJackpot |
| @anderssinho | 1 Jackpot |
| @an-man | 1 |
| @chrisparis | 1 Jackpot |
| @coquicoin | 1 Jackpot |
| @eliasg85 | 1 |
| @ferod23 | 1 |
| @fredkese | 1 |
| @harpreetjanda | 1 Jackpot |
| @idksamad78699 | 1 |
| @jmehta | 1 |
| @kevinnag58 | 1 1xJackpot |
| @littlebee4 | 1 |
| @lumpiadobo | 1 |
| @maro1 | 1 |
| @mein-senf-dazu | 1 |
| @mrf83 | 1 |
| @olaf.gui | 1 |
| @tokutaro22 | 1 |
| @wofaipeace | 1 |
| @yhuddee111 | 1 |
shout out to the players of the ETH and BTC guessing game:
@aiovo @ajanaku @akumagai @alovely @amigareaction @amr008 @an-man @bagofincome @barmbo @bitcoinflood @bntcamelo @chacald.dcymt @chrisparis @chuyster @cinygirl @coolkris @coquicoin @crazy-unicorn crrdlx @cst90 @dagger212 @daniella619 @danoskie @davedickeyyall @dragokazo @eliasg85 @emeka4 @emma001 @fabian98 @failingforwards @faithluck @fbpowers @finguru @gameofcrypto36 @ghua @gigil @grumbkow @hansvonkatte @harpreetjanda @hetty-rowan @hhayweaver @hykss @iamchuks @imfarhad @informationvault @irenavarroart @ismaelgranados @itsostylish @jane1289 @jeferybgomez @jfang003 @jhonnygo @jmehta @joemark @jorgebgt @josediccus @justinpencilz @khaleelkazi @kelseyimoh @kevinnag58 @kristin @lettingo @levi-miron @littlebee4 @master-lamps @mcoinz79 @mein-senf-dazu @mercurial9 @micheal87 @minimining @miriammarga @mlrequena78 @monbijou @moretea @mrf83 @mypathtofire @nathen007 @necho41 @no-advice @notak @officialhisha @olddessauer @olivia08 @olympicdragon @oscarpower55 @owlpalace @plint @preparedwombat @podewils @rebe.torres12 @repayme4568 @revise.leo @riandeuk @rikolo @rosauradels @rossbach @sagardyola @samuelvoncocceji @sarahdavis @schindmaehre @shitsignals @silesiaglogau @sinistry @sondershausen @steemstreems @stevescoins @takimn @tengolotodo @thecryptodave @thomashnblum @tfranzini @tokutaro22 @trangbaby @ugomarcel @vanidike @vikbuddy @williamtboy @whispertamesth1 @wofaipeace @yeckingo1 @youngelder @yova @zastrowe
Spinvest is an Investment Club, based on the HIVE blockchain, and tokenized through the Hive-Engine platform.
Image by @mariosfame
Posted Using INLEO
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