In the overall bearish cryptocurrency market, Rain (RAIN) surged 117.8% over the past month, far outperforming Bitcoin’s 0.5% decline. This rally was driven by the launch of the protocol’s testnet, which after going live, has reached a trading volume of approximately $10 million and a total locked value (TVL) of $1.53 million. Additionally, Nasdaq-listed company Enlivex Therapeutics announced a $212 million digital asset reserve for RAIN, further boosting RAIN’s development. However, analysts warn that due to market weakness (Bitcoin price falling below $87,000) and macroeconomic uncertainties, investors are shifting towards safer assets like gold, and RAIN’s price may face a correction.
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This cryptocurrency increased by over 100% during the market crash.
In the overall bearish cryptocurrency market, Rain (RAIN) surged 117.8% over the past month, far outperforming Bitcoin’s 0.5% decline. This rally was driven by the launch of the protocol’s testnet, which after going live, has reached a trading volume of approximately $10 million and a total locked value (TVL) of $1.53 million. Additionally, Nasdaq-listed company Enlivex Therapeutics announced a $212 million digital asset reserve for RAIN, further boosting RAIN’s development. However, analysts warn that due to market weakness (Bitcoin price falling below $87,000) and macroeconomic uncertainties, investors are shifting towards safer assets like gold, and RAIN’s price may face a correction.