TL;DR
One unexpected altcoin just went vertical, outperforming all cryptocurrencies from the top 100 club.
Its impressive rally is likely driven by support from Upbit.
‘The Sleeping Giant Just Woke Up Today’
The low-cap altcoin Ravencoin (RVN) took center stage today (June 5) by registering a whopping price increase. Specifically, its valuation skyrocketed by over 75% on a 24-hour scale, jumping to a five-month-high of approximately $0.02.
RVN Price, Source: CoinGecko
Its market cap surged past $260 million, which represents serious progress, but RVN remains out of the top 250 cryptocurrencies.
Back in 2021, RVN was in much better shape, with its capitalization briefly touching the $2 billion mark. At that time, its price reached an all-time high of almost $0.30, meaning the current figure is 93% lower than the historic peak.
However, some industry participants believe the asset could restore its former glory. X user Vasil said, “the sleeping giant RVN just woke up today,”
We współpracy z: https://cryptopotato.com/this-cryptocurrency-exploded-by-75-following-support-from-upbit/
