Revain Coin Price Up By 46.67% – Time To Buy REV Coin?
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Revain coin has been on a bullish trend in the past week; this impressive form has prompted investors to buy REV.
The Ethereum-based token review platform has enjoyed a massive inflow of investors’ funds, bringing the project into the limelight in recent days.
Despite the broader crypto market seeing serious bearish activities, the Revain blockchain has been on a steep climb up north, and this may be a great opportunity for investors to buy REV.
Revain Coin Bullish In A Broader Bear Market
The crypto market, which hit an all-time high of over $2.9 trillion about a month ago, has been on a downward spiral and is now valued at $2.24 trillion, down 1.04% in the last 24 hours.
Crypto bellwether Bitcoin, foremost altcoin Ethereum, and several others have fallen from their zenith and are now finding new support levels.
Despite the bearish hold on the market, REV, the utility token of the blockchain protocol that makes it possible for other blockchains to get accurate reviews about their networks, has been an outlier, trading at $0.01233, up 46.67% in the last 24 hours.
The utility token has garnered a price gain of 36.04% in the last 7 days on the weekly margins.
The 88th ranked digitals asset with a market dominance of 0.05% has a market cap of over $1.09 billion, up 45.77% in the last 24 hours.
The ERC-20 token has a trading volume of over $4.93 million, up 192.66% in the last 24 hours, indicating that investors are eager to buy REV.
Revain coin attained an all-time high of $3.85 on February 18, 2018, which was followed by a decline, but the utility protocol is on the way to making new headlines in the coming days.
REVTechnical and Fundamental Analysis
The first platform to combine the features of traditional review sites and blockchain technology, Revain coin is trading above the 20-day moving average (MA) support price of $0.01139, reflecting that REV is on a bullish run.
The 200-day MA support price of $0.01073 also corroborates that the digital asset is enjoying a bull run.
The relative strength index (RSI) of 54.83 reveals that the coin asset is currently trading in the underbought region.
On the other hand, the moving average convergence divergence (MACD) has the green indicator trendline slightly above the orange indicator, which indicates a buy signal. This data presents investors with an opportunity to buy REV.
On fundamentals, Revain coin recently carried out a network upgrade. With the upgrade, Revain blockchain has succeeded in making the platform operate at a lightning-fast pace.
Although the review limit now allows one author to write as much as 10 reviews in a day, network developers are still working on meeting other requests by users. Users on the platform have requested unlimited reviews postings per day.
Revain is designed to allow developers to receive constructive feedback about their projects. The blockchain platform also offers incentives to authors to get accurate reviews and improve services.
The protocol recently announced a black Friday deal where participants earned rewards for their reviews on listed blockchain companies. The top-rated reviews were rewarded with exciting prizes.
In a November 23 tweet, the Revain blockchain became the latest crypto company to have its digital asset listed on BitYard, a leading cryptocurrency exchange in Singapore.
Users can now trade the REV/USDT pairs on BitYard. This new listing will see more adoption of the foremost blockchain-based review platform.
Buy Crypto at eToro from just $50 Now!
