Dymension (DYM), THORChain (RUNE) and ORDI Prices Pumping – Here’s Why

Amid the renewed momentum carrying Bitcoin over $46,000, several altcoins are also seeing their prices surge higher. In this article, we will look at some of the specific factors driving recent price spikes for three standout gainers: Dymension (DYM), THORChain (RUNE), and ORDI. Whether it’s mainnet launches, bullish technical setups, or riding Bitcoin’s coattails, unique catalysts are providing tailwinds for these altcoins even as the broader crypto market trends higher.

Dymension (DYM) Surges After Mainnet Launch

Dymension’s native token, DYM, has rallied 30% in the last 24 hours on significantly higher trading volumes. This price action comes right after Dymension’s mainnet launch and token airdrop two days ago. According to crypto analyst onedigitnumber.eth, DYM could reach $10-12 soon, which he notes would put its market cap around half that of Cosmos. Given the hype around Dymension currently and its potential use cases and airdrops, he thinks DYM could even reach $40-60 in a “raging bull” market.

THORChain (RUNE) Breaks Out After Falling Wedge Formation

According to Crypto Yapper, RUNE has broken bullishly out of a falling wedge pattern that typically leads to upside breakouts. RUNE has broken through the pattern’s resistance around $7, leading Crypto Yapper to forecast further upside from here based on the measured move target for this pattern.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

ORDI Attempts Breakout Near Double Bottom and Previous Resistance

CryptoBusy has flagged a potential breakout setup for ORDI around $60. He identifies a double bottom pattern combined with bullish divergence on technical indicators. With the price now at $63, ORDI is now trading above the previous trendline resistance. With Bitcoin’s pushback above $46k boosting confidence across crypto markets, ORDI bulls look poised to push the price higher.

So in addition to Bitcoin’s renewed momentum, idiosyncratic factors related to product launches, technical setups, and more seem to be driving altcoins like DYM, RUNE, and ORDI to notable price spikes. Traders are watching to see whether these gains can continue.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

CaptainAltcoin
Logo