While the majority of the cryptocurrency markets are seemingly turning bearish again, smaller cap altcoins need to make a name for themselves. The weekend is usually a good time to do so, as the markets all act adversely during those two days. This would also explain why the Ravencoin price is pumping once again, as there do not appear to be any major recent developments to warrant a notable increase.
When there is not too much to be excited about in the cryptocurrency industry today, there are always some markets which provide entertainment. In today’s edition, that market is – once again – Ravencoin. Although this project makes traders and speculators a lot of good money, there is no real reason as to why its value tends to surge so regularly. From a long-term perspective, that can prove to be rather problematic.