Latest News and Price Predictions
Let’s consider the coin that in 20 days rose by 800 percent. And its monthly profits have made RVN token holders and investors very happy. Its name is Ravencoin. The name is a fiction that is borrowed from the spoof world of “power games.”
What are 7 coins which showed rapid growth as of late?
February of 2021 was good for many types of coins. Many altcoins demonstrated strong growth and made the new highest indicators of all time.
You can see them below:
1) CAKE (PancakeSwap) – 173 percent;
2) RVN (Ravencoin) – 154 percent;
3) GNT (Golem) – 144 percent;
4) XVS (Venus) – 133 percent;
5) BNB (Binance Coin) – 112 percent;
6) DASH (Dash) – 94 percent;
7) TFUEL (Theta Fuel) – 98 percent.
There is Ravencoin among these 7 coins. So, let’s get acquainted with it and its meaning.
Ravencoins are tokens from the bitcoin network associated with the distributed ledger (blockchain) asset transfer project. The first coin appeared in 2017, the second and third in 2018. In the early months of 2019, due to the rapid rising in value, this symbol caught people’s attention. Ravencoin is based on the bitcoin code, but uses the X16R mining algorithm. The ASIC-resistant token uses 16 different mining algorithms to automatically enhance network safeness.
How has the coin’s growth appeared?
RVN ranks 52nd by market capitalization, according to CoinMarketCap.
Ravencoin has been demonstrating a significant uptrend since January 28. Almost in the second month of 2021, in 20 days the currency rose by 800 percent. Ravencoin currency achieved the largest indicator ($0.135) of all time on February 18.
RVN is growing very quickly:
– It began its growth very fast after breaking above the previous largest indicator ($0.075) of all time.
– The projection of recovery levels relative to the recent decline points to $0.14 as a potential top.
– The technical indicators are still turned upward, but the move is almost plumb-vertical. Given that Ravecoin currency has reached a potential reversal area, we can assume that the token will go into a correction before it continues to rise.
Although some researchers believe that the cost of this coin won’t see that much growth to defend an investment in it, and that it has had a rather unsteady backward, there is an opportunity for the cost to get down, not up. Their advice is to look for other coins on the market that are steadier and have a bigger chance of cost appreciation.
Overall:
- Ravencoin is a rather nice money enclosure which is for the long term, because there is no doubt about its technological advantage.
- The interesting idea of the project can ensure the coin stays in the neighborhood with global crypto assets in the top 25.
- If RVN is listed on most exchanges and there are new uses for this token, its cost will surely soar in the next two-four years.
