Mind Network (FHE) surges 130% in a day..."Launch of RWA-focused messaging protocol"
Summary
- Mind Network (FHE) reportedly saw a 130% surge in a single day.
- It was stated that recent collaborations in encrypted AI infrastructure and the release of on-chain encrypted messaging technology contributed to the upward momentum.
- It is evaluated that the new technology's capability to enhance regulatory compliance related to RWA stimulated investor sentiment.
The homomorphic encryption-based blockchain project Mind Network (FHE) recorded an intraday surge of over 200%.
According to CoinMarketCap on the 23rd (local time), FHE is trading at $0.10, up 130% from the previous day. On this day, the FHE price soared to an intraday high of $0.1524.
It is analyzed that Mind Network's various collaborative activities in the encrypted AI infrastructure field contributed to this surge.
According to the cryptocurrency-focused media outlet BlockBeats, Mind Network recently launched various promotions jointly with major platforms such as BytePlus, Lark, and COZE.
In addition, the recently unveiled on-chain encrypted messaging technology is also evaluated to have positively influenced investor sentiment by enhancing regulatory compliance for real-world assets (RWA).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
