Ravencoin Social Volume Increasing – Charts Show a Huge Uptrend to Begin
Social volume is a powerful indicator of the impact a product or service is having over its community. Based on Ravencoin’s (RVN) social performance in the past week, the cryptocurrency is on the verge of a possible upwards uptrend.
2/4 – Ravencoin Social Volume hit an all-time high on November 24th at 1,927 posts while social activity continues to remain very high. https://t.co/4GVLgbCSkn $rvn @Ravencoin pic.twitter.com/LYXLTMjvJI
— LunarCRUSH (@LunarCRUSH) December 3, 2019
The increase in social volume comes at a time when Ravencoin’s price trend appears to be in an accumulation phase.
More people are watching Ravencoin and may expect its price to shift upwards soon, based on the increasing social volume.
Looks like a strong buy. 300sat entries have rewarded those previously. pic.twitter.com/yzsp4h4bT1
— CryptoBombshell 🐸🧢 (@cryptobombshell) December 2, 2019
Its potential price rise is exciting for the community. There are those, such as Crypto Bombshell, who think that Ravencoin is currently an excellent buy. If Ravencoin can reach its previous all-time high in its next phase, then it will be a win for anyone who buys it now, while its price is low.
Mainnet Update Possible Catalyst to Price Breakout
Ravencoin is set to update its mainnet which will see various features on the platform improved. Users have a more refined experience of the platform once the update is live. The update is set to roll out at the end of the year; on December 31st. Users will thus start 2020 on a Ravencoin high.
News on the update likely excited the community, which can be seen on the social volume results. Further, social engagement has also increased, indicating that Ravencoin users are getting involved with the platform and its cryptocurrency.
As the mainnet approaches, a social volume increase and price increase won’t come as a surprise. It will reflect what the community has been waiting for.
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Sal Miah is the senior editor at Blockspectator News and is a regular contributor to a variety of cryptocurrency news websites and projects. He has written hundreds of articles on numerous topics related to blockchain and also has a special interest in financial markets. Contact him directly at email@example.com