While few major coins are declining swiftly, most altcoins are still trying to maintain solid support away from their previous dip, there’s one coin that stood up higher. Ravencoin or RVN becomes the hottest crypto among top 50 coins on Coinmarketcap.
The top-performing altcoin at the time of writing is Ravencoin (RVN) which is getting a 17.53% pump taking it to $0.067092 USD trading value.
At the time of writing, In term of RVN/BTC, the price surged up to 14.68%. The coin is trading at 0.00001248 BTC. Currently, the coin is ranking in 36th position, holding market cap $222,784,887 USD with $45,712,111 USD USD 24 hour volume and 3,362,015,000 RVN circulating supply.
According to indicators, Relative Strength Index indicator (RSI) on the one-hour time frame has turned bullish. Also, the buyers start to take control of the RVN / BTC pair in the short-term.
MACD Indicator, the MACD indicator has turned bullish on the one-hour time frame after a brief technical correction lower.
According to a recent analysis on Ravecoin (RVN)’s Hash Rate, the measure of miner’s performance over a given period resulted in a drastic increase in the Hash Rate of the cryptocurrency. The Higher Hashrate refers to an increase in block reward for RVN, coupled with the increased opportunity for cryptocurrency mining.