Ravencoin (RVN) value has rocketed upper in February as a contemporary wave of shopping for quantity lifted the token’s value via greater than 800% previously 20 days.
Knowledge from Cointelegraph Markets and TradingView presentations that RVN rose from $zero.016 on Jan.29 to a brand new all-time top of $zero.189 on Feb. 19 on best of a document $1.28 billion in 24-hour buying and selling quantity.
A scroll in the course of the mission’s Twitter feed presentations an building up in process from the account starting on Jan. 27, when the mission tweeted, “Inventory markets are reworking. Ravencoin is right here for individuals who need to construct products and services or factor property.”
Conventional monetary markets had been beneath power on the time because of r/Wallstreetbets and its squeeze of GameStop shorts which therefore ended in brokerage companies in short postponing get admission to to a couple of shares.
A follow-up tweet on Jan. 29 learn:
“Ravencoin was once in particular designed and advanced with securities as a significant use case. Particularly, the issues being noticed in public markets because of dangerous ledgers is also solved via allotted ledger era.”
RVN in short spiked to $zero.036 following the tweet ahead of getting into a correction section that driven the fee as little as $zero.023.
Expanding Twitter quantity preceded the new spike
VORTECS™ information from Cointelegraph Markets Professional started to come across a bullish outlook for RVN on Feb. 17, previous to the new value upward thrust.
The VORTECS™ ranking, unique to Cointelegraph, is an algorithmic comparability of historical and present marketplace prerequisites derived from a mixture of information issues together with marketplace sentiment, buying and selling quantity, fresh value actions and Twitter process.
As noticed within the chart above, the VORTECS™ ranking hit a low of 56 on Feb.14 after which continue to upward thrust to a top of 84 on Feb. 17, in a while ahead of the cost of RVN started to upward thrust from $zero.074 to its present value of $zero.157.
Buying and selling volumes for RVN proceed to push to new highs along its emerging value, which has lifted the full marketplace cap above $1.2 billion and made Ravencoin the newest addition to the rising listing of cryptocurrency unicorns.