Ravencoin Price Reaches a new All-time High Following Fresh 28% Surge

When the cryptocurrency momentum tends to remain positive for more than a few hours on end, traders tend to grow uneasy. Not because they don’t like an increase in value, but primarily because they expect a new wave of bearish pressure to materialize. For the time being, most of the top markets remain in the green without too many issues. The Ravencoin price is moving up swiftly once again, which seems to cap off its strong weekly run.

Ravencoin Price Surge Keeps Going Strong

When the Bitcoin trend tends to move up for a few days in a row, it seems the alternative markets will do the exact same. Ravencoin is no exception in this regard, primarily because it tends to benefit tremendously from bullish momentum. This has been apparent for quite some time now and it seems today will be no exception. Bullish momentum in the cryptocurrency industry is more than welcome, yet some markets trend to note massive gains in quick succession.

Over the past 24 hours, the Ravencoin price has gained another 28.36% to push the USD value to $0.065748. In terms of RVN/BTC, there is a 27.54% increase, which brings that ratio to 1,615 Satoshi. Traders and holders will be quite pleased with all of these developments at this time, although it remains to be seen how long this can be sustained. While there is no reason for bearish pressure, it seems a lot of people will begin taking profits in the near future.

On social media, there are plenty of debates regarding cryptocurrencies and Ravencoin in particular. The official Twitter account of the projects is looking for ways to keep improving the project in its own way. More specifically, they have posted a lot of ideas to offer better security, further layers of scaling and features, code peer review, et cetera. No bug bounty program is in place at this time, but that situation may come to change in the near future.

Andy Sheu expects more bullish momentum for Ravencoin to materialize in the coming days. With the weekend just around the corner, there is always a chance things will continue to improve from here on out. However, this user would love to see RVN/USDT trading on the Binance exchange. While that is a commendable request, it seems rather unlikely the exchange will effectively add such a trading pair moving forward.

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Every cryptocurrency needs a good meme to keep its community engaged and happy. While Ravencoin isn’t necessarily known for its memes, it seems there is a very interesting one making the rounds on social media right now. Ravens feasting on a dead bear is not an uncommon sight in the real world. It also aptly explains the current RVN market momentum, although it remains to be seen if this momentum can be sustained for very long.

As Ravencoin continues its bullish run, there will be plenty of people who take good profit along the way. After all, a 28% increase in quick succession is pretty appealing for most traders, which is only normal. However, this market has been subject to a desire to set a new all-time high. As that value is now officially reached at $0.065748, it will be interesting to see what comes next for this particular market.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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