{"id":2185,"date":"2025-06-05T16:07:50","date_gmt":"2025-06-05T16:07:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-ravencoin-price-is-rising-and-why-it-may-crash-soon\/"},"modified":"2025-06-05T16:07:51","modified_gmt":"2025-06-05T16:07:51","slug":"heres-why-ravencoin-price-is-rising-and-why-it-may-crash-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-ravencoin-price-is-rising-and-why-it-may-crash-soon\/","title":{"rendered":"Here\u2019s why Ravencoin price is rising, and why it may crash soon"},"content":{"rendered":"
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Ravencoin, a Bitcoin clone, formed a God candle on Thursday, June 5, soaring to its highest point since December.\u00a0<\/p>\n

Ravencoin (RVN) jumped to a high of $0.027, up 155% from its opening price and 210% from its lowest level in April. It then pulled back and settled at $0.016, giving it a market cap of $255 million.<\/p>\n

Ravencoin\u2019s price spike followed its listing on Upbit, the largest South Korean crypto exchange. This listing triggered a surge in interest from South Korean traders, who can now buy the token using their local currency.<\/p>\n

CoinMarketCap data shows that most of Ravencoin\u2019s trading volume occurred on Upbit. Its daily volume spiked to $445 million, with Upbit accounting for $170 million of that total.<\/p>\n

Ravencoin\u2019s rally mirrored the performance of other cryptocurrencies after their Upbit listings. For example, Orca (ORCA) price surged by over 200%, while Arkham and Kaito rose 55% and 25%, respectively, following their listings. Most recently, tokens like Livepeer and Pocket Network also posted sharp gains after being listed.<\/p>\n

<\/p>\n

This pattern stems from South Korea\u2019s significance in the crypto market. A report<\/a> from February showed that the country ranks as the third most active market after the United States and China, with average daily trading volume across South Korean exchanges climbing to $12 billion.<\/p>\n

However, these post-listing pumps often prove short-lived. Orca, for instance, jumped to $5.57 after its listing, only to plunge 70% to $1.698 within days. Similarly, Pocket Network rallied to $0.0898 last week but has since dropped 41% to $0.052.<\/p>\n

Ravencoin is a Bitcoin (BTC) fork optimized for lower transaction costs and faster speeds. One key difference is its supply cap: Ravencoin has a maximum supply of 21 billion coins, compared to Bitcoin\u2019s 21 million.<\/p>\n

Ravencoin price analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
RVN price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that RVN bottomed at $0.008977 in April and then moved within an ascending channel. It dipped to the lower boundary of this channel earlier this week before forming a God candle following the Upbit listing. The price initially surged to $0.02573 before easing to $0.0166 as hype around the listing faded.<\/p>\n

Ravencoin remains above both the 50-day and 100-day moving averages, as well as the upper side of the ascending channel. Therefore, the most likely scenario is a continued pullback, potentially to $0.0125, its lowest swing point from August of last year. Such a move would imply a 25% decline from current levels.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ravencoin, a Bitcoin clone, formed a God candle on Thursday, June 5, soaring to its highest point since December.\u00a0 Ravencoin (RVN) jumped to a high of $0.027, up 155% from…<\/p>\n","protected":false},"author":1,"featured_media":2186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2185"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2185\/revisions"}],"predecessor-version":[{"id":2187,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2185\/revisions\/2187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2186"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}