Ravencoin (RVN) has surged by 13.3% this week, reaching $0.0322, significantly outperforming the broader market as Bitcoin (BTC) slips by 0.7% to $94,735. Over the past two days, Ravencoin's price climbed 24.8%, peaking at $0.0333—the highest level since April 26. Despite this strong performance, other altcoins have posted even more remarkable gains, with Ripple (XRP) leading the pack. XRP has delivered an extraordinary 450% surge since the start of November, including an impressive 33.0% increase in the last three days.
This altcoin rally stands in contrast to the performance of Ethereum (ETH), the major benchmark for altcoins, which has declined by 3.3% to $3,609 over the last two days. Market speculations suggest the possibility of "mad whales" driving the surge, but such activity may also indicate an overheated rally that could be nearing a potential correction.
