The cryptocurrency market appears to be in a standstill condition, however, almighty Ravencoin (RVN) has defied the odds to see close to 30% value rise within 24 hours.
The ongoing cryptocurrency winter has negatively affected crypto dealings across the world, but the resilience of Ravencoin (RVN) made its traders remain adamant, refusing to be cowed by the seemingly impossible progress the crypto world is witnessing at the moment.
Ravencoin (RVN) Market Condition
Although Ravencoin had seen close to 30% value rise today, as at the time of writing, Ravencoin (RVN) is changing hands at $0.018140 USD with 26.57% price increase.
Ravencoin has a market cap of over $54 million (14,217 BTC) and has seen a 24 hour market volume of $26 million, a rear progress in a time like this.
Yesterday, Today’s Gazette published that Ravencoin (RVN) was solid with over 8% value rise. Today, the digital asset has tripled the progress by seeing close to 30% gain in the last 24 hours. Yesterday, Ravencoin was sold at $0.014410 USD and maintained the 83rd position in the market. However, today, Ravencoin is switching between 72nd and 73rd positions.
Ravencoin, a free and a peer to peer digital currency mined using the Proof of Work (PoW) Blockchain, has showed the world its outstanding use cases.
While crypto market is generally expecting a rebound owing to the continued crypto winter, Ravencoin is experiencing a season of surprise with its present bullish condition that has left many in a state of wonder with traders investing their wealth in the digital asset.
With the latest development, it is hard to say Ravencoin won’t join the league of crypto assets in the top 10 or at least be among the top 50 digital currencies.