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We’re halfway through August and the market is already starting to show some excitement, albeit in an isolated few coins. THOR, not to be confused with Thorchain, is among the digital currencies that have performed exceptionally well recently.
Is your portfolio green? Check out the THOR Profit Calculator
THOR is the native token on the Thorswap DEX. It has lately been commanding a lot of attention, especially after its impressive performance. THOR traded as low as $0.076 on 6 August which happens to be its lowest price in roughly six weeks. It peaked at $0.87 on Monday (14 August) after an impressive 1017% rally from its monthly low.
THOR exchanged hands at $0.38 at press time, after pulling back from its peak of 14 August. Some selling pressure was expected since the price was already deep in overbought territory. Despite that, the press price still represented a 400%+ gain from its recent monthly low.
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Source: TradingView
Now that we have observed THOR’s robust rally, it is time to look into the reasons why. A bit of research revealed that the network offers incentives.
For example, most of the network’s recent activity involved a lot of whales. This is not surprising considering that the Thorswap DEX recently introduced a 50% whale tier discount.
Introducing @THORSwap Whale Tier 🐳
Swaps over $1m USD value now receive a 50% exchange fee discount! 💸
📣Calling all Whales: Don’t trust CEXs with your valuable assets, take self-custody and try DeFi with #BetterthanCEX pricing today👉https://t.co/7acpIvFWDP pic.twitter.com/jxboRasKDD
— THORSwap ⚡ #BetterThanCEX (@THORSwap) August 14, 2023
Most DEXes tend to be pricier than their centralized counterparts. Nevertheless, whales need and use DEXes to bypass transaction size restrictions. Such a hefty discount was bound to attract a significant amount of whales and as such, fueling demand for the THOR token. However, this was not the only reason for the rally.
How many are 1,10,100 THORs worth today
Thorswap has been ramping up its deflationary characteristics through token burns. It recently revealed that its August volume burn surpassed the 300% mark. The DEX plans to burn as much as 7.5 million THOR tokens as part of a governance-approved proposal.
Great job #THORChads! The August volume burn target has exceeded 300%, and it’s only half way through the month! 💪
As per proposal [TIP-003]: a 3x multiplier will be applied to 3x Emissions to be burned. This means ~7.5M $THOR will be burned at end of the month 🔥#THORBurn pic.twitter.com/O1RmvPJLYL
— THORSwap ⚡ #BetterThanCEX (@THORSwap) August 15, 2023
The burnt THOR volume is enough to have an impact on both the sentiment as well as the price. But can these factors support more upside or is the token headed for more upside? Well, Thorswap’s real volume has already pivoted after a double top with a lower high.
Source: Messari
Note that the same volume metric was previously dormant in the last four weeks before the excitement observed in the last few weeks. Heavy profit-taking may curtail the upside but not necessarily by much given that the token burns will still continue in the second half of August.
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1