Ravencoin (RVN) price has rocketed higher in February as a fresh wave of buying volume lifted the token’s price by more than 800% in the past 20 days.
Data from Cointelegraph Markets and TradingView shows that RVN rose from $0.016 on Jan.29 to a new all-time high of $0.189 on Feb. 19 on top of a record $1.28 billion in 24-hour trading volume.
RVN/USDT 4-hour chart. Source: TradingView
A scroll through the project’s Twitter feed shows an increase in activity from the account beginning on Jan. 27, when the project tweeted, “Stock markets are transforming. Ravencoin is here for those who want to build services or issue assets.”
Traditional financial markets were under pressure at the time thanks to r/Wallstreetbets and its squeeze of GameStop shorts which subsequently led to brokerage firms briefly suspending access to multiple stocks.
A follow-up tweet on Jan. 29 read:
“Ravencoin was specifically designed and developed with securities as a major use case. Specifically, the problems being seen in public markets due to bad ledgers may be solved byTitle: Ravencoin (RVN) gains 865% as interest in tokenized securities grows
Sourced From: cointelegraph.com/news/ravencoin-rvn-gains-865-as-interest-in-tokenized-securities-grows
Published Date: Sat, 20 Feb 2021 19:30:00 +0000