This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012.
It is somewhat difficult to find real bullish market momentum in the cryptocurrency industry right now. Some projects are even falling off a proverbial cliff after this rough day. The Revain price shows things are not always looking up for this coin. The most recent setback embodies a near 20% loss across the board. Not the development investors want to see by any means.
Revain Price Momentum Sours Significantly
It is not entirely abnormal to see a fair few crypto markets lose their earlier obtained traction. Although most speculators dislike such developments, there is nothing one can do to avoid this turn of events these days. While most of the top markets are still in a good place, Revain is clearly not. This market, which often sees a pump out of the blue, is now bleeding value all over the place.
To put this into perspective, the Revain price has decreased by almost 20% in USD, BTC, and ETH value alike. That is a clear sign of how bearish this market has become all of a sudden. For some, it will be a complete surprise, whereas others cashed out well before this trend came to be. The overall trading volume has always been bleak and that situation has not changed to date. Despite these statistics, one R is still valued at $0.14.
What is even more telling is how there is no real social media activity pertaining to Revain as of today. One interesting point of debate comes in the form of how this altcoin recently noted very strong gains several days in a row and is now paying the price for that momentum. Consecutive gains of nearly 12% and 24% are not sustainable under any circumstance, especially not in this industry.
As has been the case for this particular altcoin, the lack of trading volume remains a big concern. With BTC-Alpha and ABCC remaining the main trading markets, it seems very few people are trading Revain at this time. Despite being listed on OKEx and KuCoin, neither platform notes any real interest in R. This has been the case for some time now, and will remain the case for some time to come.
What the future will bring for Revain, remains to be determined. The core technology of this project can be quite interesting to the right parties. However, the use of the native token is always in question. Without sufficient demand to drive the price, it seems unlikely this market will be able to maintain any bullish momentum for more than a few days on end.
All things considered, this Revain value retrace has been made possible with the barest of trading volume. Since no real demand for the coin exists at this time, there is a genuine chance the price will continue to dwindle over the next few hours. Determining the bottom for this coin is nearly impossible, as $0.14 is still a relatively high value.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
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Post source: Revain Price Loses 20% as Recent Gains are Wiped out