Thread by @Rentahomefast

$Rune is pumping but is this the top?

To understand why its pumping you need to understand the tokenomics 👇

If you know @THORChain and the $rune deterministic value formula of 3$ increase to rune MC for every $1 deposited...your half way there

This is the bare bones minimum that rune HAS to trade at is the 3x multiplier.....It has NEVER TRADED at this its always been over

Can I get a.... "what the snap"

so why does $Rune HAVE to trade at a min of 3x.....

this is why

1. all LP's are paired 50% token A and 50% $rune
2. node operators must have 2x the value of the assets in the liquidity pools.

note:node operators only hold rune 😉

1+2=3

okay great Drake but is this the top......Well TWT as always and again im usually top signal.

but let me leave you with this example.

What would happen if 1% of the BTC supply entered Thorchain..... (Just btc no other asset like luna,ust,usdc,dai,eth)

I know your thinkin NA no bit coiner would do that.....Well they already did.

almost 2% of the BTC market cap is in WBtc..... there are other btc derivatives but lets not stray from the example

so lets say half of the $WBTC holders realize that the asset can be frozen at anytime (because centralization)

so 6 billion $'s

so 6x3= 18

so add 18 billion dollars to the rune marketcap

welp that would be over a 6x from here

Now that's just BTC, what about luna,Eth,BNB......lets just say 1% comes to thorchain ....lets calculate it

now this is if the prices stay the same.....what haps if they

now this is if the prices stay the same.....what haps if they 2x

This doesnt even included stablecoins.

bear (pun intended) in mind this is not all chocolates and roses

yes there are things that can set this back

1.crypto dumps (all bets off at that point)
2.a hack/exploit (last one everybody was made whole)
3.Another project takes marketshare(always possible)

If you want to learn more about thorchain I make threads all the time as well as several videos on my channel here is a playlist
youtube.com/playlist?list=…
also if you check my bio you can find a link tree that has a google sheet archive of my tweets and vids

WOLT

Proverbs 16:4
Gracious words are a honeycomb,
sweet to the soul and healing to the bones.

COOL PEOPLE SHARE

https://twitter.com/Rentahomefast/status/1507480707097980929

also want to thank @thedefiedge for some tips on threads (yeah I know they are really bad)....that guy gets it if you have not followed him well do it NOW...

if this thread is bad its my smooth brain fault
if its good well thank defi edge

#Thor
#rune
#runatic
#lunaiscoming
#raisethecaps