Ravencoin coin (RVN) Price analysis : RVN/BTC downtrend by 14%

While the whole crypto market is bleeding red, hardly few altcoins are showing minor gains. Ravencoin is leading altcoin, in terms of losses with downtrend upto 13%. Followed by ICON  and DigixDAO with 8% and 7% losses respectively.

At the press time, Ravencoin coin (RVN)price has decreased by 14.75% against USD and trading at $0.044704 USD . In terms of RVN/BTC the price sloped down by 9.36% with trading value 0.00000854 BTC.

Currently, the coin is ranking at 49th position, holding market cap $153,530,785 USD  with $18,091,574 USD  24 hour volume and 3,434,375,000 RVN circulating supply.

By analysing Ravencoin chart, it seems that the present trend is not all that attractive.Thus, considering all the things, all of the signs seem to refer Ravencoin’s bearish pressure might not necessarily relent for quite some time to come. With a 14% drop, there may be some panic selling over the coming hours and days. If Bitcoin were to turn bearish, this situation could grow even worse where RVN is concerned.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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