- The REV token gains more than 250% price value within two days before retracing back to the $0.02.
- The coin price is trading above the 200 and 50 EMA, in the 4-hour timeframe, with slightly increasing buying volume.
- The pair of REV/BTC is trading at 0.0001556 BTC, with an intraday move of +6.15%.
REV token price jumped 250% in value in a sloping market within 48 hours. The breakout of the consolidation range coupled with the burst in buying pressure led to this growth. The price is trading significantly higher than the significant EMAs. The increasing buying volume may drive the price back to the $0.04 heights. As per the pivot points, REV token price may face resistance near $0.03 and $0.05. The support level of $0.01 along with the 50 EMA may hold the prices up. The live REV token price today is $0.029409 with a 24-hour trading volume of $11,415,000. It is up 23.53% in the last 24 hours. The current ranking is #56, with a live market cap of $2,501,533,020.
How Did REV Token Reach The Moon?
Revain, an online platform for Ethereum blockchain-based tokens reviews, allows developers to gain feedback for their projects. The protocol also provides incentives to authors for delivering high-quality and genuine feedback. Revain was the first to combine the features of traditional review sites and blockchain technology.
Since its launch in 2018, REV has achieved the largest number of user reviews compared to the others. Its protocol consists of seven major blockchain divisions: projects, casinos, exchanges, mining pools, wallets, cards, and games. REV uses two tokens to increase its efficiency. Also, its integration with the IBM Watson Tone Analyzer makes it unique.
Revain recently announced in a tweet the launch of the Revain Widget, a web application for business through its collaboration with the BHEX exchange. This collaboration with BHEX to create Revain Widget is considered the primary reason behind the growth of REV while bears surround the market.
Conclusion- The recently launched REV’s Revain Widget allows companies to display user feedback on themselves. At the same time, a service aggregator with a lot of projects, listed tokens, etc., can add reviews on all сompanies. This widget may prove very beneficial to Revain to increase the revenues and increase the demand for REV tokens. The growth of REV might continue to head higher and reach the height of $0.05.
Support – $0.01
Resistance- $0.03 and $0.05