Ravencoin Surges 63.57% After Upbit Exchange Listing
Ravencoin (#RVN) surged 63.57% shortly after being listed on Upbit, South Korea's largest crypto exchange. It reached a peak of $0.02407, marking a 94% increase within 24 hours, amidst a broader market decline where Bitcoin fell below $105,000.
Key Points
- Upbit announced Ravencoin listing with trading starting at 5 PM KST.
- The price spike attracted significant attention from Korean traders, leading to rapid liquidity influx and FOMO.
- Current RVN trading price is around $0.01669, still over 60% up for the day.
- If buying momentum continues, RVN could target $0.028–$0.030; otherwise, a potential drop to $0.012–$0.014 may occur.
- South Korea's new pro-crypto president, Lee Jae-myung, aims to enhance the digital asset ecosystem through proposed regulations.
The recent listing trend aligns with increased optimism among Korean traders, following similar movements seen with Livepeer (#LPT).