Ethereum developer provokes a sharp rise in little-known cryptocurrency by 200%

The value of the Railgun cryptocurrency (RAIL) soared by 200% after Ethereum programmer and developer Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin emphasized the privacy benefits of this project on the X platform.

The RAIL token was trading below $ 0.6. However, after Buterin’s publication, its value rose to $ 1.35. The market capitalization of RAIL is $ 74.05 million. The daily volume of transactions on the spot market reached $ 20.57 million.

«Privacy is normal. Railgun uses a pooling protocol, which makes it much more difficult for attackers to join without compromising the security of other users,» Buterin wrote. According to Arkham Intelligence, Vitalik backed up his opinion with actions. The developer exchanged a significant amount of ETH for RAIL. From the vitalik. eth address, 100 ETH worth $ 325,000 were transferred.

Arkham Intelligence data also showed that Buterin has been regularly buying RAIL tokens over the past 6 months. The specialist invested small funds in the asset during this period.

In January, Buterin provoked the fall of Ethereum. On his profile on the X platform, the programmer offered the cryptocurrency community some financial advice. However, they were not well received by those who invested in Ethereum.