Ravencoin Price up 3.1% to $0.0594 – How to buy RVN

Ravencoin
Ravencoin

Ravencoin is a blockchain network that allows users to issue tokens on the network for various reasons. With most of the cryptocurrency market trading in the red zone at the moment, ravencoin has managed to go contrary to the trend, and it has made significant gains in the past 24 hours.

RVN is trading at $0.0594 on major exchanges at the time of writing after gaining 3.1%.

Ravencoin Price Analysis

Ravencoin Price Analysis July 17
Source: TradingView

Ravencoin is currently experiencing some slight bulls after a slight spike in the past 24 hours. Volatility in the past few days has been slightly high towards the positive side, and this has caused an increase in the token’s value.

RVN is headed towards an uptrend, and if the bulls are strong, we might see the token breaking out past resistance at $0.070. Currently, market support is low; hence, breaking out to a new high will depend on buying support that RVN gains from traders. With more traders piling up for the coin during the current gains, the uptrend could be maintained for a while.

On the flipside, we might also see RVN heading towards a downside. A bearish flag will be established when the token retests the lower critical support of $0.050. However, the dip could also create a new chance for traders who want to trade for the short term.

Ravencoin has a unique infrastructure that allows the platform to work as a network that is based on Bitcoin. The infrastructure makes the network able to launch and trader tokens without the use of smart contracts. This makes it a viable option for firms that want to launch a digital token that can boost the transfer of assets.

Where to Buy RVN

Those who want to buy ravencoin can do so from the following cryptocurrency exchanges:

  • eToro

eToro is a reputable and reliable crypto exchange that supports a wide range of cryptocurrencies and trading pairs. eToro has a wide range of unique features such as copy trading and a demo trading account, which help new traders learn how to trade crypto from market experts.

  • OKEx

The other cryptocurrency exchange that supports ravencoin is OKEx. OKEx is also one of the leading exchanges in terms of trading volumes. Furthermore, OKEx also supports various cryptocurrencies and trading pairs that make it easy for short term traders to settle their trades.

Looking to buy or trade Crypto now? Invest at eToro!

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Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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