Cryptocurrency, Featured

Rookie Digital Asset, Ravencoin (RVN) Marks Seven Day Volume Price Surge Within Last 24 Hrs

Just days after refurbishing Binance’s exceptional listing fee policy, Changpeng Zhao (CZ), the world-renowned CEO of the Binance project, unpredictably exposed that his platform will be adding a rookie digital asset, Ravencoin (RVN).

Following the release of this unexpected development for the project, which was divided off of Bitcoin in January 2018, RVN saw a huge flow in purchasing pressure. Ravencoin saw a strong move to the upside. It has made it obvious that within the last 24-hours its seven-day volume price increased of as much as 61,929 percent, with a trade volume increase of 55 percent. This comes as a result of the coin pumping over 250 percent after its listing on Binance.

Digital asset, Ravencoin (RVN) also verified high volume trading in the past 48 hours, handling to record 79 percent trade appreciation of about 37 million US dollars. At the same time, its market cap approximately pumped up from 37 million US dollars to its present 64 million US dollars.

The name Ravencoin has been inspired from the well-known tv series, Game of Thrones. The designers behind Ravencoin planned to make the cryptocurrency an open-source project that lets the users the capability to state their essential assets on the system. As per Global Coin Report, the network itself is clear, decentralized and more prominently impermeable secure.

However, specialists consider that Ravencoin’s present price surge may only be an opening, as the coin’s team released a mainnet announcement on September 30. Global Coin Report previous report also stated that the mainnet was said to be launched towards the end of October, with the launch date later being arranged for October 31.

Ravencoin created from an open-source fork of the default Bitcoin code that enables well-organized allocation of digital assets amid entities. It was established with this comprehensive functionality in mind as a substitute for Ethereum’s ERC20 and Bitcoin transfer procedures.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Janhvi has been working as a content writer/editor for many years. With her interpersonal skills, she has the ability to generate content in a clear and precise manner. She is currently writing cryptocurrency news stories for OWLT Market.

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