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Ravencoin quotes a supreme rise of 23% in the last 24 hours and 400% even more magnificent in the last 30 days. But why? what's going on with Ravencoin?
The crypto market seems to have been pumping strange and unusual lately, and Ravencoin (RVN) is no exception to the rule and is growing suddenly. 23% in the last 24 hours, in what appears to be a continuous and impressive growth of 400% last month, far exceeding its Bitcoin (BTC) and reaching a new absolute record in USD, from $ 0.010 to $ 0.056 within 30 days.
RVN seems to be one of the many altcoins often pumped by groups of signals:
That was our #RVN signal that we provided to our premium members on March 17 and his last hit target
However, we have also updated new targets#MyProTradeSignals #EagleCryptoWorld pic.twitter.com/p8iOXS8A2f– Fanky (@ImFanky) March 23, 2019
The irregularity of the pump and its apparently uniform rise are particularly indicative of a pumping and emptying program undertaken by a group of pumps. Pumping systems typically work with a large group of people receiving a "signal" after joining a private pumping group. Group leaders will announce a date, a time, an exchange and a coin to buy, and most often, will launch instantly.
#RVN – ok … soooooo could be a silly question but … anyone can tell me why #RVN is soaring like .. EVeryday !! ?? ? pic.twitter.com/FJGvBRrCJy
– cryptoJunky (@ cryptoJunky6b) March 23, 2019
However, it appears that RVN was not immediately emptied, which means that the badumption of a pump and a dump is not correct or that a big dump is in progress …
This potential dump has been noted by several users of the Ravencoin subreddit:
It is perhaps important to note that RVN itself does not appear to be a pump and dump system, but rather used by pump and dump groups who generally choose crypto-currency with a lower market capitalization for the manipulate to their advantage.
Do you think RVN is pumped artificially? Let us know in the comments!
Read more: What is happening with Ravencoin (RVN)? Best top 100 today
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