See You At $5, THORChain(RUNE)?

When RUNE started ripping up from about $5 in late March, I regretted not buying the dip because RUNE went up all the way to $20 before crashing.

It seems that it is a falling knife right now. From the chart, it seems obvious that the next big support zone is around $5.

What RUNE and other hot altcoins demonstrate is that buying a position in such a coin before a bull market can be extremely profitable. Forget about Bitcoin or Ethereum. At the start of the Bitcoin run around August/September last year, it was priced at around $10,000. Bitcoin only went up 6x, which is a respectable gain for sure. But RUNE went up 40x in the same time frame.

By far the best possible investment strategy in crypto is doing a ton of research during a bear market and investing in projects that have strong fundamentals. By the end of a bull market returns on that kind of investment can be totally crazy as in 100x to 1000x. There is a lot of rubbish on the market, though. But THORChain isn't one of those projects.

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