Price Action
In the week prior, the price for Revain went down by -1.22%. It is above its 20 day moving average by 10.24%, so it’s somewhat away. Revain’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, Revain exhibits greater price volatility than approximately 71% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Revain in US dollars is expected to be between $0.09376625 and $0.1406327.
Where to trade Revain (symbol: R): Yobit
Volume Update
Over the past week, Revain saw its daily volume range between 217,218.7 and 4,034,030 units of its own currency. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. Over the past week, Revain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.6%. Its turnover rate is more than approximately 22.11% of the cryptocurrencies in our index, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Revain saw the number of wallets holding its coin go from 54,855 to 54,867 over the past week — a change of 0.02%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 110,991 to 111,196, which translates to growth of 0.18% for the week. Revain’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.20% which puts it ahead of 11.11% of the coins in our index. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
Revain currently has 2 public repositories on GitHub, with the oldest one now 1.77 years young. The last recorded update to its public repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. Revain’s public repositories collectively have a total of 14 watchers, which is very bad on a relative basis; it bests only 19 % of the 100 similar coins in our index. The coin has 0 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, doesn’t seem like something to worry about. To put the situation in context, Revain has a better issue/watcher ratio on its GitHub than 92% of similar coins we’re tracking.
Where to Buy
You can trade Revain, listed under the symbol R, through the following exchanges: Yobit.
Article by SixJupiter
