Ravencoin (RVN) has been surging the previous week – do you have to purchase it?

Ravencoin (RVN) is correct now probably the greatest performing cash available in the market. The token is up 20% over the past week. These positive aspects could be even larger have been it not for right now’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 positive aspects 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 continues to be 20% up over the past 7 days.

Regardless of this optimistic momentum, Ravencoin (RVN) nonetheless stays 62% from all-time highs in 2021.

Information supply: Tradingview.com 

Ravencoin (RVN) – Value 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’s far more to return from Ravencoin (RVN). 

Apart from, 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 shifting common. 

Regardless of the ten% 24 hour pull again, Ravencoin (RVN) continues to be above its resistance degree of $0.115. We count on 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 less expensive manner. To this point, the venture has earned the belief of many buyers. Though it’s not actually probably the most promising blockchain venture right now, it might nonetheless provide first rate returns for long-term performs.