RAIL (Railgun) 24-hour pump 94.45%

Gate News Bot news, on October 10, according to CoinMarketCap data, as of the time of writing, RAIL (Railgun) is currently reported at $5.43, rising 94.45% in the last 24 hours, with a high of $5.43 and a low of $1.16, and a 24-hour volume of $12.9 million.

RAIL is a smart contract-based system that provides zero-knowledge privacy protection for any on-chain dApp. RAIL adopts a fully decentralized approach, with no centralized company, but rather a smart contract system supported by RAIL DAO governance. Users can create non-custodial RAIL wallets and obtain private 0zk addresses to shield any ERC-20 tokens or NFTs to the chosen 0zk address. Once shielded, tokens, balances, and transactions are encrypted. RAIL supports usage across multiple chains, including Ethereum, Polygon, BSC, and Arbitrum.

Recent important news about RAIL:

1️⃣ Ripple Acquires RAIL, Strengthening Stablecoin Payment Capabilities Ripple plans to acquire the stablecoin payment company RAI for $200 million, aiming to enhance its stablecoin payment business. This strategic move will significantly boost Ripple's competitiveness in the stablecoin sector and may bring more application scenarios and users to RAI.

2️⃣ Privacy narratives back in market focus As the market's demand for privacy protection continues to grow, RAI has once again gained attention as a project that offers zero-knowledge privacy protection. Its technical features enable users to conduct private transactions across multiple blockchain networks, meeting the market's demand for privacy protection.

3️⃣ The combination of stablecoins and the artificial intelligence economy With the development of the artificial intelligence economy, the demand for new payment channels is increasingly prominent. RAIL, as a stablecoin payment platform, is expected to play an important role in the AI economy, providing more efficient and low-cost payment solutions for AI services.

The significant pump in RAI price may be related to these positive factors, but it also reflects the high volatility of the cryptocurrency market. Investors should closely monitor the project's long-term development and market changes, and cautiously assess investment risks.

This message is not intended as investment advice; investors should be aware of the risks of market fluctuations.