Revain Price Up by 18.21% – Time to Buy Rev Coin?
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ReVain is seen trading sideways in a bid to establish support prices as the entire crypto market makes moves to take on new highs in the coming weeks. After a price hike in September 2021, the digital asset has made corrections to stabilise, opening up an opportunity for investors to buy REV.
ReVain is an online platform tailored to Ethereum-based blockchain token reviews. The asset allows developers to receive constructive feedback on their projects.
The platform combines traditional review features and blockchain technology to create a legitimate feedback structure for global products and services.
Investors will need to explore the technical and fundamental factors affecting REV to determine if it is a profitable investment to buy REV.
REV Stabilising to Launch
REV is correcting its prices as the market gets ready to ride bulls in the coming weeks. The digital asset is trading sideways, likely to launch past previously established highs.
REV currently trades at $0.010, indicating an 18.21% increase in the last 24 hours. The ERC-20 token dominates 0.04% of the entire crypto market and ranks as the 95th most valuable digital asset in the market.
The ReVain utility token has a micro-market cap of $863 million, up by 13.23% in the last day. The digital asset’s 24-hour trading volume is also on the rise, raking in an increase of 28.21% as it sits at $2 million traded in the last day.
The coin’s long-term statistics indicate an opportunity for investors to buy REV as the asset has been up by 27.77% in the last six months.
The year-to-date (YTD) indicate a decline of 14.53%, and in the last 12 months, REV has been on a glide down by 12.62%.
REV Technical and Fundamental Analysis
REV is currently on a bull run as the asset is trading above the 220-day moving average(MA) support price of $0.009. The 200-day MA indicates a long-term bearish movement as the support price is $0.013.
The 14-day Relative Strength Index (RSI) indicates that REV is trading in the underbought region with a figure of 50.03.
The moving average convergence and divergence (MACD) indicator reflect a buy signal with the green trend line taking the lead, indicating a good time to buy REV.
Despite the elongated bearish movement of the ReVain utility token, fundamental updates are strong motivators for potential investors looking to buy REV.
Among the fundamental factors that could elevate REV’s price in the coming weeks is the recent update, making it possible to publish a review without any form of moderation for authors.
This update is essential as moderators can now send in reviews for editing without blocking it, emphasising the reason as to why the review needs to be edited.
This new update helps project developers save the face of seemingly failing projects by calling for a new review after improvements have been made.
The Revain platform now allows users to write ten reviews for their favourite projects per day. The platform also provides unlimited review posting per day based on user requests.
This upgrade will enable users of any blockchain to put down their opinions on a project or product, which could scale its adoption or call for its improvement as the case may be.
Revain is also making an effort to onboard Software Companies onto its platform, allowing users to leave reviews for their favourite companies and thereby help the company scale in the adoption and usage. When using the company’s website or service, any problems faced can be addressed or resolved via reviews.
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