What is going on with Ravencoin (RVN)? Best top 100 performer today

02 Mar, 2019
by Alberto Arnaldo
Price Analysis
What is going on with Ravencoin (RVN)? Best top 100 performer today

The best performing coin of the day, Ravencoin (RVN), is gaining more than 20% over the last hours. Reddit and Twitter have been noticing the raise, meanwhile the company has recently praised Binance publicly for the way in which their listing process was conducted.

Ravencoin (RVN) has been gaining traction over the last week, with its market cap rising fast from the $30 million range up to its current $55 million mark. It has almost doubled in price as well, from $0.01 up to $0.018 at writing time, aiming for November 2018 highs again. 

Twitter user @SakuraXBT had a pretty good call on Ravencoin as early as the 13th of February, and has been updating a thread since then.

Now, @SakuraXBT appears to consider that the current uptrend is going to come to an end or at least moderate, as he admits to be trailing his stop loss:

A thread in the Ravencoin subreddit is currently active, eloquently titled “So uhhhh, what’s going on? Did I miss some news?”. The thread is quite useless when it comes to clarifying the reasons behind the raise in price of RVN, although it comes handy in asserting that there is a question wandering through the minds of several traders and members of the space:

Card

One of the few significant interactions from Ravencoin in the last hours has been the following tweet, where they praise Changpeng Zhao and Binance for their listing policy, exchange where they have been listed since October 2018. However, CZ has not liked nor retweeted nor replied to the interaction, and there are no noticeable recent announcements concerning both firms.

CZ did celebrated, back in October, the listing of Ravencoin by Binance.

Read more: $3.6 Million in equity moved on the Ravencoin Blockchain; Binance back to being the good guys, list $RVN community coin for free

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