Analysis

Little-Known Altcoin Soars 197% in Just One Week, Far Outperforming Bitcoin, Ethereum and Crypto Markets

One blockchain-based evaluate platform is defying present market tendencies, exploding by almost 200% previously seven days.

The native asset for suggestions platform Revain (REV) is outperforming Bitcoin (BTC) and most altcoins after surging from a seven-day low of $0.000759 to a seven-day excessive of $0.002257 for a rise of over 197% in only one week.

Revain aims to supply high-quality person suggestions on world services and products that make the most of rising applied sciences like blockchain and machine studying. The corporate claims to have “accrued the most important quantity of person suggestions on crypto on the Web.” Customers who present high-quality evaluations are rewarded with REV tokens.

In accordance with the undertaking’s web site, Revain has accrued 73,453 evaluations from 29,785 authors.

It’s not totally clear what’s driving REV’s huge value surge this week. Revain and BitYard, a crypto trade, held a evaluate contest that kicked off on Tuesday.

Revain additionally up to date its good search performance on Friday, although the Twitter announcement occurred after REV’s value took off.

REV has retraced since posting its seven-day excessive, and it’s at the moment altering fingers for $0.001844.

Regardless of REV’s large beneficial properties this week, the asset stays greater than 99.9% down from its all-time excessive of $3.96, which it hit in February of 2018.

Previously week, Bitcoin has dropped 33.6% to $19,377 at time of publishing. Ethereum has fallen 38.8% in the identical time-frame, to $1,018.

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