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    $RUNE Price after Cap Raises

    During the chaosnet phase, THORChain has limited the amount of funds stored in liquidity pools to allow for gradual growth of the ecosystem and reduce downside risk in the case of a hack. They have now gone through several periods where the caps have been raised and additional liquidity is allowed to flow into the network (you have noticed the #RAISETHECAPS battlecry of the THORChads in the ecosystem). Is there a noticeable pattern of the price of $RUNE during these times where the caps are raised?

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    To analyze it there is some pattern of the RUNE price when the caps are raised, we need to compare the before and after the relaunch, taking place in the middle of September.

    For this reason, first of all, we will plot some metrics about the price of RUNE over the previous period and we will study if could affect the RUNE price or not.

    • Buys and sells
    • Net volume

    Before #RAISETHECAPS results:

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    After #RAISETHECAPS results:

    If we take a look at both charts and compare it between before and after the event, we can observe that it seems that the event was well and healthy for the token because of days before the stop, the token trend was so negative. Instead, after the relaunch, the price started to jump again. However, if we take a look at the last days, we see that the trends are becoming negative again. It is to say that the market is bear and it could affect. We will need to analyze the data some weeks later in order to see where is the price going.