“RUNE and Solana are Ultimate Bull Market Tokens,”: Crypto Trader

In a recent video, Ran Neuner, a crypto trader and host of the YouTube channel Crypto Banter, said RUNE and Solana are the best altcoins in the prevailing bull market.

The analyst in the video said Rune, which is the native token of the decentralized liquidity protocol THORChain, is a token that performs well in a bullish market, calling it the “ultimate bull market token.”. According to Neuner, the token is one of the strongest altcoins in the market at the moment.

The analyst continued by saying that RUNE’s trade volume has soared significantly following the crypto market resurgence. In addition, Neuner noted that the trade volume boost came as users started using RUNE to swap cryptocurrencies.

Neuner noted that despite its bullish tendencies, RUNE often performs poorly in a bear market. Per the video, the analyst said when the token’s price drops, the yields also fall, and many people tend to exit the ecosystem.

Furthermore, the crypto trader pointed to the bullish potentials of Solana. According to Neuner, Solana has been one of the most explosive price movers since crypto prices picked up. He stated that the token’s price has come from $15 to $55, briefly peaking at $60.

If Solana sustains its current momentum, the analyst said the token could be a good buy. In addition, the analyst said he doesn’t expect a sharp price drop, a concern that he noted for RUNE.

Turning to CoinMarketCap, data indicates the token’s upward surge has hit a slowdown. At the time of writing, RUNE’s price has shed 3.29% of its value in the last 24 hours to sit at $5.07 per token. Meanwhile, trade volume declined considerably, with a 24% drop in the same period.

Much like RUNE, Solana has been on a downward trend in the past 24 hours, CoinMarketCap data reveals. The token has shed 4.93% of its price but is still up 33% on the weekly price chart. Trade volumes continue to linger in the green zone, with a 21% increase in the last 24 hours.