Revain has been among the best performing cryptocurrencies in the crypto market. The Revain price has jumped more than 120% in the last seven days and nearly 28% in the past 24 hours. The coin’s strong bullish trend has had investors optimistic that the REV token will become the next big thing. Its total market capitalization has jumped almost 28% to $1.9 billion.
What is Revain?
Revain is among the current 11,491 cryptocurrencies in the world. The REV token ranks as the 68th biggest cryptocurrency in the world. It is slightly above the Holo and slightly below Helium. Revain was established in 2018 by Rinat Arslanov, who is the current CEO.
Revain is an online platform for Ethereum blockchain-based tokens reviews. The platform was designed to disrupt user reviews using the blockchain technology. As such, it is attempting to disrupt centralized platforms like Rotten Tomatoes, TripAdvisor, and Yelp. The companies are multi-billion-dollar companies that have been thriving on the collection of user reviews.
Since its launch in 2018, the platform claims to have hit the largest number of user reviews in the industry. So far, the company has added more than 13,600 companies on its platforms and received more than 71,000 reviews by users.
However, the company’s developers are still faced with several challenges. The biggest challenge facing the company is competition from other companies such as Google and Apple, which have a substantial market share in the industry.
The Revain price has jumped as investors search for the new big thing in the crypto market. Other altcoins such as Tezos, Celo, and Fantom have also been rallying.
Revain Price Prediction
The four-hour chart shows that the Revain price has been on a strong rally. The cryptocurrency has surged more than 80% over the weekend. At the time of writing, the coin was up at $0.02019.
It is trading above the 25 and 50-day exponential moving averages. Its Relative Strength Index (RSI) is strong at 66; however, it hints at an imminent sell-off period. Along the way, the REV price has formed what looks like a break and retest pattern.
Therefore, the price may continue with its bullish trend if it surpasses its intraday high of $0.02259. However, a move below the key support at $0.0100 will invalidate this view.