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- Ravencoin is Losing its Attraction
Ravencoin is Losing its Attraction
Ravencoin (RVN) prices dropped by 2.0% to $0.017 this week. It is certainly behind the market as Bitcoin (BTC) added 1.0% for the same period. RVN November gains are close to zero compared to 8.4% up by Bitcoin.
RNV has done well during the spot Bitcoin-ETF rally from October 16 when its prices rose by 40%, the same with a Bitcoin. But, the latter is holding its gains, while RVN prices scaled back its gains to 22%. This could make further investments into Ravencoin questionable. The token provides no premium for the elevated risk. I see RVN flat inside $0.15-0.20 per token in the nearest perspective.
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