The post Railgun (RAIL) Rockets 240% Backed by Vitalik Buterin appeared first on Coinpedia Fintech News
Railgun (RAIL) recently witnessed a massive 240% price increase thanks to a strong endorsement from Ethereum co-founder Vitalik Buterin. Buterin publicly supported Railgun on the X platform and highlighted its cutting-edge privacy pool protocol.
His vocal support and practical commitment, along with the 100 ETH transfer to RAIL, created a frenzied trend by launching Railgun, a standout in the DeFi sector.
His vocal support and tangible commitment, as evidenced by his 100 ETH transfer to Railgun, created a trading frenzy that helped Railgun stand out in the DeFi sector.
Railgun’s Privacy Pool Protocol: A Game Changer Endorsed by Buterin
Railgun's recent success can be attributed to its groundbreaking privacy pool protocol, which received very positive reviews from Buterin. This protocol allows users to protect their privacy and demonstrate regulatory compliance. Buterin believes this feature fosters trust and transparency in DeFi transactions. His support resonates strongly with Railgun’s mission to create a privacy-centric blockchain ecosystem.
Also read: Ethereum Price Prediction 2024: Can Vitalik Buterin's Roadmap Lead ETH to $5000?
Railgun price and trading volume soar
At the current price of $1.87 USD, Railgun's value has surged 237.42% in just 24 hours. This impressive growth reflects the cryptocurrency community’s excitement for Railgun, driven by Buterin’s endorsement and the protocol’s innovative features. Additionally, during the same period, Railgun's trading volume recorded $5,528,918 USD, sparking keen interest from investors. Limited to a supply of 100,000,000 RAIL coins, Railgun's rapid rise highlights the growing demand for DeFi platforms that emphasize privacy, security, and transparency.
Railgun’s meteoric rise, fueled by the support of Vitalik Buterin, demonstrates the cryptocurrency market’s preference for innovative DeFi solutions. As Railgun continues to innovate and gain traction, it remains a product to watch in the evolving blockchain landscape.