Understanding how crypto ecosystems work can be a hellish experience. Now add in the complexity of a blockchain that allows you to trade between different chains, without any bridges or wrapped assets and it can make even the most hardened crypto investor's head spin. The Stormrake research team has put in over 50 hours to develop this research report to find out whether it's a crypto asset worth buying. Have a read of the report below and find out if this is a bear market gem.

All the potential and current use cases are incredibly exciting and they certainly work today. However, this wouldn't be an honest review if we don't detail the risks of the THORChain ecosystem and its associated native RUNE token.
The first and most obvious issue is a complete collapse in the crypto ecosystem. The premise of this chain is that we have multiple chains with vibrant ecosystems with users wanting to seamlessly swap between these chains. If crypto was to collapse or become entirely Bitcoin dominated, the Thorchain ecosystem will collapse as well and there will be no LPs, nodes or users for fees to be generated.
A secondary issue is a RUNE bank run, where the impermanent loss protection gets exploited and all bonded assets get liquidated in order to protect pool redemptions. Although this would require a highly coordinated and capital intensive attack. If THORChain grows to a large enough size, it might make the reward worth the risks of launching such an attack.
The final risk to be aware of is general price risk, where if the price of RUNE goes down enough (prices are set at the margins) yet the wider market conditions have improved, the yield from trading fees might not incentivise enough LPs to bear the price risk of RUNE.
Please note this list is not exhaustive but simply covers the main risks to be aware of, should you wish to participate in the network or purchase RUNE tokens.

At the time of writing RUNE is correctly trading around $1.75 USD. The current price is sitting on a key support level of $1.72 and a daily close below this level will have us testing the local lows of $1.40. A move to the upside will require some momentum from the macro landscape but should liquidity conditions improve, a move to $2.45 can be expected whilst a strong rally can take us into $3.04 before resistance is met.
Investors would do well by being patient and adding this asset into their portfolio at a break of recent lows to secure better prices and to build their position sub $2 USD. This will set them up for a potential 20x return in the next bull run, simply if the price of RUNE was to hit its previous all time high.

Fast 5 facts:

• Market cap: $527 million USD
• Fully diluted valuation: $876 million USD
• Circulating supply: 300 billion
• Max supply: 500 billion
• 50% of supply is assigned for liquidity emissions

THORChain has a vibrant ecosystem and is presenting an incredible market solution for decentralised swapping of crypto assets. The ecosystem and the RUNE token is a highly leveraged play on a multi chain future within crypto itself and is a big bet on many chains having value and competing for users. It also unlocks the potential of earning yield in your native token of choice, albeit facing price risk from RUNE itself. 
The dev team launched the token in the 2019 bear market, has seen a full bull run and is now entrenched in a bear market but the chain continues to improve and new chains are looking to be added for trading at the time of writing. This shows resilience and means that the community and dev team are battle tested and ready to see out the bear market and head to the halls of Valhalla when the glory of a bull run begins again.

The wider macro conditions mean that RUNE price can head lower over the coming months but for the intrepid crypto investor, it could be a worthy allocation as part of their Altcoin portfolio, in preparation for the next bull run.