At a crypto winter period where Bitcoin (BTC) is managing to maintain a resistance above $4,000, Kin (KIN) and Ravencoin (RVN) have been defied all odds to skyrocket.
Kin (KIN) Price Skyrockets
The first been KIN. The digital asset has a gain of 29% today. The progress came after KIN announced it is gradually moving to the new Kin blockchain.
Afterward, Kin started seeing massive development. As some point today, Kin (KIN) had seen a growth of over 36.05%.
Now, with presence on around 27 active markets, the price of Kin is $0.000061 and the digital asset, at the time of writing, has seen 29.82% over the last 24 hours.
Kin has a market cap of $45 million, with around $2 million of the digital asset traded in over the last 24 hours.
Ravencoin (RVN) Goes Higher and Higher
Ravencoin (RVN) has been maintaining a very high tempo for some weeks now. The digital asset is now trading at $0.035671 USD with 20% price upsurge. As at the time of writing, Ravencoin has a market cap of $111 million, and a 24hr market volume of $29 million.
Analyst have not been able to state the reason behind Ravencoin’s sudden growth, however, it seems the digital asset is prepared to lead the space in company of top coins.
Bitcoin (BTC) Intraday Price Analysis: Solid Traction Above $4000 Resistance Point
Towards the end of the previous week, crypto lovers and investors’ prayers were answered as the crypto lord opted for a rally which placed it above the $4000 resistance point. However, while the expectation of people continues to rife, Bitcoin took a slight breath on its bullish momentum.
After a slight plummet which followed the tremendous rise during the weekend, Bitcoin is yet to find a solid traction on the upside trend. However, the $4,000 mark still serves as its support level.
Looking at the 4 hours chart, it is clear that Bitcoin is trying to return on the rising wedge even though gradually. The market is partly filled with green color and Bitcoin is among the market greeners.
As at the time of writing, Bitcoin has managed to surpass the $4,040 resistance point with a trajectory trend that aims to surpass $4,060.
In the last 24 hours, according to Coinmarketcap, Bitcoin has added 0.81% to its value to trade for $4,056.94 against the US Dollar.