The Rune price goes up and down like a depressed woman on cocaine.
So, it was $1.02, then up to $1.26, I held and it went back down to $1.02. Okay, I see the pattern here. So, I cashed into stables at $1.26.
Right now it is $1.35.
It would be nice if Rune were a stablecoin of sorts. Perhaps not a regular stablecoin whose algorithms are designed to keep its price with the USD but another kind that would try to maintain the 100 day moving average of say an average of several cryptocurrencies weighted by volume. Something that smooths the ups and downs of the volatile rise of bitcoin. As a counter asset for the LPs in Thorchain it is unfortunate that it is this volatile.
I'll wait for the crash to near a dollar again to get back in, hoping to ride it to $1.25. The bad news is, I am not betting on Rune but I am betting that some of the traders are depressed women on cocaine, and will change their minds and decide it is worth $1.35 today but tomorrow it isn't even worth $1.05. Only later to say it is worth $1.25 again.
