Railgun claims to be the most secure and composable decentralized finance (DeFi) solution to exist on the market. The Ethereum-based protocol issues dedicated privacy coins and chains where users can indulge in DeFi activities such as trading, swapping, and earning yields, among others.
This article is a comprehensive guide to the Railgun project, where we will take a look at its underworkings. We shall also explore the protocol’s native RAIL token to understand its purpose on the network, make predictions for the token until 2030, and list exchanges you can buy it from, before determining whether it is a credible cryptocurrency project.
So, let’s get started.
What is Railgun (RAIL)?
Railgun is a privacy protocol that aims to secure DeFi trading and lending activities on the Ethereum network. The smart contract-based system offers privacy without the need for any token bridges or layer-2 scaling solutions to perform any transaction or smart contract interaction.
With Railgun, Ethereum users can ensure they are untraceable when trading, using leverage platforms, or adding liquidity, with any decentralized application (DApps) on the blockchain.
Since it is built directly atop the Ethereum L1, it does not need to use L2 nodes or cross-chain bridges to achieve security. Moreover, the protocol is also designed to support transactions on Binance Smart Chain and Polygon blockchains.
How Does Railgun Work?
Railgun leverages zk-SNARKs technology to encrypt wallet balances, transaction history, and other details to ensure that users can use a public blockchain like Ethereum with all its benefits while remaining completely private or hidden.
With zk-SNARKs, the user can prove to the blockchain that they have the right to spend the tokens in their wallet privately. Railgun takes advantage of a new kind of zero-knowledge proof wallet technology called 0zk address, which secures your wallet information in such a way that it can only be spent and viewed with your private key.
Railgun can be used by sending any ERC-20 standard token to your private balance and then moving these tokens out to any DeFi platform for swaps, yields, or trade. Your privacy is underpinned by Railgun’s zk-SNARK technology, giving you complete control over the privacy of your funds.
What is the RAIL Token?
RAIL is the native utility and governance token for the Railgun ecosystem. The cryptocurrency can be used to perform transactions or execute smart contracts on the privacy protocol.
Users can stake the token to gain special rights and privileges over the Railgun DAO, where they can vote on governance decisions and propose their ideas for the protocol’s development.
RAIL has a maximum supply of 100 million tokens, out of which, 57.5 million RAIL are currently in circulation. Railgun has a market capitalization of $77.6 million and at the time of writing, achieved a 24-hour trading volume of $22.6 million.
Railgun (RAIL) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At press time, RAIL is trading at $1.36 – up 131.4% in the last 24 hours.
Based on its current valuation, RAIL is expected to trade within a price range of $0.7276 and $0.8396 in 2024. The average price at which the token will change hands this year is estimated to be $0.7557.
In 2025, the price of RAIL is forecasted to trade within a minimum and maximum range of $1.03 and $1.25, respectively. The average trading price for the token next year is assumed to be $1.07.
By 2026, the average price at which RAIL will trade is expected to be $1.60. During that year, the token could be changing hands at a price range of between $1.55 at its lowest and $1.81 at its peak.
In 2027, RAIL could be trading within a price range of $2.21 and $2.72. The average rate at which the token could change hands during that year is estimated to be $2.27.
By 2028, the average price of RAIL is estimated to be $3.30. During that year, the token is predicted to trade within a minimum and maximum price range of $3.19 and $3.86, respectively.
In 2029, RAIL is expected to trade within a price range of $4.92 at its lowest and $5.73 at its highest. The average rate at which the token will be trading during that year is estimated to be $5.09.
By 2030. The average trading price of RAIL is assumed to be $7.18. During that year, the token could be changing hands within a price range of $9.87 and $11.87, respectively.
Where to Buy Railgun (RAIL) Token?
RAIL can be purchased and traded on the following cryptocurrency exchanges:
Is Railgun a Credible Cryptocurrency Investment?
Railgun is a privacy protocol that is said to be the most secure and composable for DeFi activities within the Ethereum blockchain.
The platform deployed directly on top of the Ethereum Layer 1 does not employ token bridges or Layer-2 scaling solutions and can hide a user’s transaction details with the help of zk-SNARK technology.
The protocol can be used to perform hidden transactions on every available Ethereum-based DApp. Furthermore, Ethereum co-founder Vitalik Buterin backed Railgun’s services, adding more credibility to the project.
All things considered, I would say Railgun is a project that deserves your attention if you are looking for a protocol that can help you conduct private smart contract executions and other transactions on the blockchain. Currently, it is supported by Ethereum, BSC, and Polygon chains.
As is the case with every other cryptocurrency, RAIL is also prone to extreme price fluctuations. Therefore, it is crucial to do your research before making any investment decision regarding Railgun.
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