Ravencoin (RVN) is true now among the best performing cash available in the market. The token is up 20% over the past week. These good points can be even greater have been it not for at the moment’s broader crypto pullback that noticed RVN lose over 10% in 24 hours. So, what’s Ravencoin (RVN), and do you have to even think about it? The evaluation is under however first, some highlights:
This week’s good points have helped Ravencoin (RVN) surge previous its December lows by almost 80%.
At press time, the token was down 10% in 24-hour intraday buying and selling however remains to be 20% up over the past 7 days.
Regardless of this constructive momentum, Ravencoin (RVN) nonetheless stays 62% from all-time highs in 2021.
Information supply: Tradingview.com
Ravencoin (RVN) – Worth evaluation and prediction
Ravencoin (RVN) was launched 4 years in the past. Throughout this era, the token has reported vital progress. The current 7-day surge means that maybe there may be far more to come back from Ravencoin (RVN).
In addition to, on the time of writing, the coin had a market cap of round $1.2 billion, a sign that there’s nonetheless sufficient upside to unlock extra worth in the long run. Proper now, the coin can be above its 25- and 50-day transferring common.
Regardless of the ten% 24 hour pull again, Ravencoin (RVN) remains to be above its resistance degree of $0.115. We anticipate the token to commerce above this threshold so long as sentiment within the broader crypto doesn’t deteriorate additional.
Why you should purchase Ravencoin (RVN)
Ravencoin (RVN) is constructed on a fork of the Bitcoin code. It’s designed to be a peer-to-peer blockchain community that facilitates the switch of crypto belongings in probably the most environment friendly and more cost effective means. Up to now, the challenge has earned the belief of many buyers. Though it isn’t actually probably the most promising blockchain challenge at the moment, it may nonetheless supply respectable returns for long-term performs.