Rain (RAIN) has surged 117.8% over the past month, bucking the trend of a broader cryptocurrency market downturn. This impressive rally comes as Bitcoin experienced a 0.5% decline during the same period. The surge in RAIN's value follows the successful launch of its testnet, which recorded $10 million in trading volume and $1.53 million in total value locked (TVL).
Adding to the momentum, Enlivex Therapeutics, a Nasdaq-listed company, disclosed a substantial $212 million digital asset reserve for RAIN. Despite the positive developments, analysts warn that ongoing weak market conditions and macroeconomic risks could lead to a potential pullback in RAIN's price.
Rain (RAIN) Soars 117.8% Despite Crypto Market Slump
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