Ravencoin [RVN] shoots up by a massive 69% and Dogecoin [DOGE] falls by 16%;not all altcoins visited by bull- AMBCrypto
The cryptocurrency market today opened to most of the popular cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH] struggling to get out of the bear’s grasp while at the same time, altcoins like Ravencoin [RVN] seeing a monumental shoot up.
At the time of writing, Ravencoin [RVN] was rocketing past market expectations by growing at a seven-day rate of 69%. The cryptocurrency was trading for $0.051, with a total market cap of $108.679 million. RVN held a 24-hour market volume of $96.092 million, with most of the trade occurring on platforms like Binance, Bittrex, and Upbit.
The lion’s share of Ravencoin trade was held by Binance, where a mammoth 90% of the total trade amounting to $87.051 million occurred. Binance’s closest competition was Bittrex, whose trade volume of $4.414 million was miles behind than that of CZ’s exchange. Ravencoin had also made news a few days back when cryptocurrency charts revealed that the coin had risen by an astronomical 61,929% on a weekly graph.
Not all altcoins were surging on the bull wave though, with the Jackson Palmer founded Dogecoin [DOGE] seeing a drastic drop of 16.08% over the past week. At press time, Dogecoin was trading for $0.003842 with a total market cap of $448.341 million. The cryptocurrency held a 24-hour market volume of $15,440 million, which was held by exchanges like Gate.io and ZB.com.
The majority of Dogecoin trade was occurring on the Gate.io with a trade volume of $4.565 million. Gate.io was closely followed by ZB.com with a volume of $2.539 million. Dogecoins drop has stirred the community because of the stark difference in market scenario between now and the time when DOGE had shot up by 121%. During that massive bullish run, Dogecoin had entered the top 20 cryptocurrency club on the back of the coin rising from $0.0025 to $0.0053.
RyanHODLER, a Dogecoin enthusiast, stated on Twitter:
“This is so terrible. I will still wait for much wow moon. I believe in doge.”
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