Ravencoin (RVN) cost has actually rocketed greater in February as a fresh wave of purchasing volume lifted the tokens rate by more than 800% in the past 20 days..
Information from Cointelegraph Markets and TradingView shows that RVN increased from $0.016 on Jan. 29 to a brand-new all-time high of $0.189 on Feb. 19 on top of a record $1.28 billion in 24-hour trading volume.
RVN/USDT 4-hour chart. Source: TradingView.
A scroll through the projects Twitter feed shows an increase in activity from the account start on Jan. 27, when the task tweeted, “Stock markets are changing. Ravencoin is here for those who desire to build services or problem properties.”.
Traditional monetary markets were under pressure at the time thanks to r/Wallstreetbets and its squeeze of GameStop shorts which consequently led to brokerage companies briefly suspending access to numerous stocks.
A follow-up tweet on Jan. 29 read:.
” Ravencoin was specifically designed and developed with securities as a major use case. Specifically, the issues being seen in public markets due to bad journals may be fixed by distributed ledger technology.”.
RVN briefly increased to $0.036 following the tweet before going into a correction stage that pushed the rate as low as $0.023.
Increasing Twitter volume preceded the current spike.
VORTECS ™ information from Cointelegraph Markets Pro started to discover a bullish outlook for RVN on Feb. 17, prior to the recent rate increase.
The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and present market conditions obtained from a mix of information points including market belief, trading volume, recent price movements and Twitter activity.
Cointelegraph Markets Pro– VORTECS ™ Score (green) vs. RVN Price.
As seen in the chart above, the VORTECS ™ rating struck a low of 56 on Feb. 14 and then continue to rise to a high of 84 on Feb. 17, quickly before the price of RVN began to increase from $0.074 to its present price of $0.157.
Trading volumes for RVN continue to push to new highs alongside its rising price, which has raised the total market cap above $1.2 billion and made Ravencoin the most current addition to the growing list of cryptocurrency unicorns.
Title: Ravencoin (RVN) acquires 865% as interest in tokenized securities grows.
Sourced From: cointelegraph.com/news/ravencoin-rvn-gains-865-as-interest-in-tokenized-securities-grows.
Released Date: Sat, 20 Feb 2021 19:30:00 +0000 Share on TwitterShare on FacebookShare on LinkedInShare on RedditShare on Pinterest2021s Most Anticipated Growth & Wealth-Building OpportunityJoin Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency TogetherCLAIM YOUR SEAT!Read More.