Ravencoin [RVN] sees a massive volume surge of 61,929% after Binance listing

The sleeping giant Ravencoin [RVN] has surged significantly with its seven-day volume increasing as much as 61,929%, with a 24-hour volume change at 55% This comes after the coin pumped 257% post its listing on Binance.

Ravencoin seems to be doing well in this everlasting bear market when compared to other altcoins. The price of the coin on October 11, was at $0.014 with a 24-hour volume at $237,252. After the official announcement on Binance blog post, the price shot up to $0.02 in the next day with the price reaching as high as $0.05.

7-day price graph | Source: CoinMarketCap

7-day price graph | Source: CoinMarketCap

The volume, however, has shot up from $184,000 to a whopping $116 million as on October 22, which is a humongous increase of 61,929%. This is by far the best gains the bear market has seen ever since the fall of bitcoin.

The CEO of Binance, Changpeng Zhao tweeted out the listing saying that the project had no ICO and built up by a team of humble people. Acknowledging the humble community behind the lesser-known project, CZ allowed the project to be listed without any listing fees. The coin was listed on the exchange on October 12, 2018. Notably, Binance holds the #1 spot among exchanges for highest trading volume.

The Ravencoin project is an open source Bitcoin fork launched in January 2018 that focuses on the creation of digital assets on its Proof-of-Work blockchain. The project is a true open source project with no pre-mine, no ICO, no masternodes, and is focused on building a useful technology with a strong community.

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