RAIN price skyrockets 110% as Enlivex announces $212M Rain token treasury


A Strong Bulls and Large Trading Screen

  • The biopharma firm plans to launch the first-ever crypto treasury across the Rain mission.
  • Enlivex sees long-term potential in Rain’s open-prediction market.
  • Native RAI rallied after the information, up 110% inside minutes.

The cryptocurrency market remained comparatively steady on Monday, with Bitcoin holding above $86,000.

Whereas most property noticed minor worth actions, RAIN has decoupled with a pointy uptrend.

The altcoin has gained roughly 110% minutes after information that biopharmaceutical agency Enlivex Therapeutics plans to construct a $212 million Rain-based crypto treasury.

Studies counsel that the Nasdaq-listed firm will full the fundraise by way of PIPE (a personal funding in public fairness).

Notably, Enlivex will turn into the primary establishment to create a DAT (digital asset treasury) linked to a prediction-market crypto mission.

The proposed increase entails Enlivex promoting 212 million shares at $1 per share, with settlement in USDT and US {dollars}.

In the meantime, the deal is predicted to shut by November 25, relying on ultimate authorisations.

For a agency that focuses on immunotherapy analysis, dedicating hundreds of thousands to crypto displays a daring transfer into the blockchain infrastructure.

Moreover, the transfer provides credibility to RAIN as a reliable token with critical worth within the monetary world.

The replace flipped sentiments across the RAIN coin, catalysing a pointy rise minutes after the information surfaced.

Why the daring wager on Rain?

Speaking with The Block, Enlivex board chairman Shai Novik highlighted Rain’s infrastructure because the scalable spine that their agency has been pursuing.

He equalled Rain’s dominance in prediction markets to Uniswap in decentralised buying and selling. Novik stated:

For us, that open-architecture mannequin represents the scalable development engine we have been in search of. We view Rain because the foundational infrastructure layer for the trade, much like how Uniswap underpins decentralized buying and selling.

Meaning Enlivex is extra than simply buying RAIN.

The biopharma is investing in a decentralized prediction-market mannequin poised to remodel on-chain data marketplaces.

A novel method to scale back volatility

Certainly, cryptocurrency and volatility go hand in hand, and that has repelled many institutional gamers from interacting with digital tokens.

In that context, the Rain Basis will again Enlivex’s DAT launch with a grant that adjusts the agency’s entry worth, with 0.95 because the preliminary mNAV (modified internet asset worth).

That diminished early-stage volatility because the biopharma could have a stabilised baseline to begin its DAT technique.

RAIN worth outlook

Rain’s native token led the gainers at this time.

The coin is buying and selling at $0.007526 after a 110% uptick on its each day worth chart.

The 66% surge in 24-hour buying and selling quantity signifies renewed urge for food in RAIN.

Whereas the alt eyes additional uptrend, it might probably hardly decouple for lengthy as a result of prevailing broader promoting stress.

Subsequently, RAIN stays susceptible to erasing a part of its features within the close to time period.





Source link