It seems that majority of altcoins are showing upward momentum and enjoying the green day. One among them is the Ravencoin.
Itâ€™s surprising to see the growth of Ravencoin (RVN) in the past month as it embarked on a bullish run that has seen its value accelerate. The coin was raised upto 25.33% and became part of the positive trend that several altcoins are currently experiencing in the market.
According to coin market cap, at the time of writing, RVN price was trading at $0.064739 USD with market cap value $207,005,886 USD and ranking at 32nd position.
Initially, in the beginning of March, Ravencoin price surged up to 255%, moving from $0.0148 to $0.0527. In the last 24 hours, Ravencoin has increased its price around 25%.
The projectâ€™s information site, Ravencoin Wiki, lists 15 different projects supported by the RVN platform. Many projects were introduced at the end of 2018. However, a few new projects, including a blockchain-based wine company and a marketing firm, will release their tokens soon.
Thus, with the growth of projects on Ravencoin, demand for RVN tokens to ease asset creation and trading will increase. Moreover, there was no RVN ICO, which refers that tokens can only be released through mining.
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