Is THORChain doing well?
No, since April 29, 2022, THORChain has been continually going down, decreasing -23.17 percent. The 200-day line is +-40.1 percent away from where the price is now. It's -59.14 percent away from the 100-day line and -66.96 percent from the 50-day line.
The THORChain Forecast for 2023
Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.
Analysts offered a wide range of forecasts for the THORChain price over the next year. The most optimistic forecast for the price target was $6.10, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $4.63.
The most up-to-date average price target for the year ahead is $5.27.
That would represent a potential gain of 0.65 percent.
RUNE - Relative Strength Forecast
RUNE - Trend Prediction
RUNE - Price Volatility Prediction
RUNE - Relative Strength
RUNE - Momentum Forecast
What Does the Future Hold for THORChain In 2025-2030?
THORChain's long-term prospects look promising. The average price target for THORChain by the end of 2020 was $5.34, according to five analysts. Their five-year forecast projects the price of THORChain to be $5.41 by 2025. By 2030, the long-term prediction is $5.52.