Price Action
Over the past week, Revain saw its price go down by -28.16%. It is below its 20 day moving average by 26.88%, so it’s very far away. Revain’s bullish momentum, determined by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Regarding volatility, Revain is more volatile than roughly 87% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect Revain to bounce between 0.09337855 and $0.1645955 US dollars per coin.
Where to trade Revain (symbol: R): Yobit
Volume Update
In the span of the preceding 7 days, Revain’s daily volume, in terms of its own unit of currency, has fluctuated between 3,101,218 and 6,374,585. Over the past three weeks, volume has steadily risen, but price has been declining. Over the past week, Revain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.91%. Its turnover rate is more than approximately 29.9% 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
The number of wallets holding Revain went from 54,788 to 54,805 in the past week, marking a change of 0.03%. As for overall transactions, they increased from 109,912 to 110,053 — an increase of 0.13%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Revain is thus at 0.16% which, relatively speaking, is ahead of 20.59% of the cryptocurrencies we’re tracking. This could indicate that its change in engagement is below average, at least on a percentage basis.
Technology Development Status
At the moment, Revain has 2 repositories open to the public on GitHub, with the oldest one now being 1.67 years young. Its last public update to any of its repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Revain’s public repos now have 14 which is very bad on a relative basis; it bests only 5 % of the 100 similar coins in our index. The coin has 0 issues reported across its public repositories. 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 94% 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
