It’s been awhile since we’ve seen a major push by a cryptocurrency for 2019. Revain (REV) is different, as the project promises to be different from the rest; that’s why we’re looking into it.
Revain has exploded the last couple weeks, more than doubling in price during that time. It is currently up over 124% since Monday, April 17. Since the beginning of the year, it’s gained more than 1,000% based on my calculations. It has gained almost 800% since the month of March.
REV, founded by Rishabh Dhamija, has seen a price surge of 124% in less than a week. The price has risen from $.00006 to $.00009 since the start of the month. REV is currently ranked at 7th place in terms of market capitalisation.
Revain (REV) has risen by more than 124 percent in only seven days.
This is the first review platform built on the blockchain.
Revain held a competition called “The TON Crystal Wallet Review.”
Many altcoins have risen in value as a result of the crypto industry’s current trend, and the market sees new altcoins every week. Significantly, there are colossal platforms that rely on blockchain technology for security and speed. Most of these platforms, on the other hand, develop their own native token, resulting in an increase in the number of cryptocurrencies.
NFTs and DeFi have risen in value and taken their position alongside cryptocurrencies. Even if certain crypto-assets have seen a gain and others have seen a decline, the crypto sector continues to draw investors. Within a week of its voting competition, Revain’s stock increased by almost 124 percent.
Revain is a product and service review platform that utilizes blockchain technology to curate and reward user input. Revain, like other review sites like Yelp and Trip Advisor, allows independent writers to submit evaluations and give them scores.
Situation on the Market Right Now
The current price of REV is $0.221 at the time of writing, with a 24-hour trading volume of $3,027,067. According to Coingecko, the price has increased by more than 124 percent in a week and by 23.87 percent in a single day.
Revain’s Trading Chart
For the last week, the chart has shown a bullish indication. The 30-day pricing chart indicates a 263 percent increase, while the 14-day data shows a 112 percent increase. REV coins have a current circulation supply of 85,061,485,690. HitBTC, KuCoin, BitMart, IndoEx, and BHEX are among of the major exchanges where it can be exchanged.
Examine the Competition
A review competition was held on the Revain platform, which ended on August 30. The competition was also known as The TON Crystal Review Competition. For the first 20 reviews, the competition offered 1 RVN as a prize. The first 250 reviews and tweets will each get $2 worth of TON Crystals.
Given the recent changes, the platform’s review competition may be the cause of the price increase. Users, on the other hand, are anticipating higher highs, and the network is trying to meet those expectations. REV’s price may hit new highs in the foreseeable future as technological advances continue.
After a week of solid gains, Revain (REV) is starting to get a lot of attention. The cryptocurrency surged from around $0.50 to a high of $3.67 within a week before settling slightly to around $3.60. Revain is a blockchain-based platform that is designed to help product creators and merchants verify the authenticity of products before they are sold online. Revain allows anyone to easily verify a piece of content, and even review it. Revain is a decentralized platform that uses a blockchain to protect the identity of individuals.. Read more about revain crypto news and let us know what you think.
This article broadly covered the following related topics: