World News – AU – Ravencoin (RVN) gains 865% as interest in tokenized securities grows

The recent controversy over traditional brokerage deals restricting stock purchases cast a positive light on token stocks and increased interest in projects like Ravencoin

The price of Ravencoin (RVN) rose in February as a new wave of purchase volume increased the price of the token by more than 800% in the past 20 days

Data from Cointelegraph Markets and TradingView show RVN rose from $ 016 on Jan29 to a new all-time high of $ 0 189 on Feb. 19 on a record of $ 1.28 billion in 24 hour trading volume

A scroll through the project’s Twitter feed reveals an increase in activity from the account starting January 27, when the project tweeted, “Stock markets are changing Ravencoin is for those looking to build services or spend assets”

Traditional financial markets at the time were under pressure due to r / Wallstreetbets and the squeezing of GameStop shorts, which resulted in brokerage firms temporarily blocking access to multiple stocks

RVN rose to $ 0036 shortly after the tweet before entering a correction phase that pushed the price down to $ 023

VORTECS ™ data from Cointelegraph Markets Pro began to see an bullish outlook for RVN in February 17, ahead of the recent price hike

The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity

As can be seen in the table above, VORTECS ™ hit a low of 5614 in February and then rose to a high of 84 at 17 in February just before the price of RVN began to rise from $ 074 its current price of $ 0 157

Trading volume for RVN continues to hit new highs of $ 2 billion alongside the soaring price that pushed total market cap above $ 1 billion, making Ravencoin the latest addition to the growing list of cryptocurrency unicorns

Ravencoin