The crypto market seems to be recovering from the massive dip that plunged the value of Bitcoin to around $3,000. However, Ravencoin (RVN) is leading the top 100 coins in the market table with exponential value rise despite the fact that the team behind blockchain technology claimed there is “no guarantee the Ravencoin network is or will remain secure.”
The security contributors of Ravencoin in a statement declared that Blockchain is highly complex and can be attacked in several ways, thus, making Ravencoin prone to attacks.
The team, according to a twitter update, added that while the RVN network is still at its infancy, there can he some sophisticated attacks which “no one has considered or planned a defense for.”
There is no guarantee the Ravencoin network is or will remain secure.
Blockchains are very complex. They can be attacked many ways.
RVN is still new. It is subject to many attack types. Some attacks no one has considered or planned a defense for.
Security contributors welcome.
— Project Raven / RVN / Ravencoin (@Ravencoin) March 28, 2019
In recent times, Ravencoin has been one of the few blockchain projects that saw sporadic rise in the market, giving investors more reasons to watch after closely. Ravencoin is constantly threading the upside trend, and its exponential growth has added turbo power to its market cap.
Previously, Today’s Gazette reported that Ravencoin was ranked the 45th largest coin (about 6 days ago), but due to the propelling power of its growing price, the market cap of the altcoin has been upped, placing RVN as the 32nd largest coin in the market.
However, Ravencoin is amongst altcoins giving investors reasons to shelve Bitcoin, thus bringing the altseason to the world.
Ravencoin (RVN) Intraday Price Analysis
According to Coinmarketcap, Ravencoin (RVN) has added about 18.08% to its value in the last 24 hours to be priced $0.064943 per unit coin as at the time of writing this article.
Also, Ravencoin, against BTC is on the upside rend. With an added value of 18.08% against BTC, Ravencoin’s marketcap stands as $207,833,141 USD.
After testing the $0.056 resistance level at the early hours of the last 24 hours, RVN momentum was suppressed and the altcoin maintained a steady value around the resistance. Furthermore, Ravencoin (RVN) resumed on the rising wedge at the early hours of the Asian trading session today, reaching another resistance level of $0.068 against USD.
With alternate rise and fall, Ravencoin went down to as low as reaching $0.0609 support, as well as testing the $0.068 resistance level twice. Since February, Ravencoin (RVN) has consistently been riding the market bull with an indefatigable force.
Only time can tell what the future holds, but there are signs that Ravencoin will be amongst the first 20 coins in the market by Q2.