Little-Known Altcoin Ravencoin ($RVN) Surges on New Binance Announcement

A new announcement from leading cryptocurrency exchange Binance has helped the price of a little-known cryptocurrency, Ravencoin ($VN), surge. The move comes during a cryptocurrency bear market that has seen Bitcoin ($BTC) drop to a $15,000 low.

Timeline of Ravencoin

Ravencoin (RVN) spiked 20% following Binance Pool's announcement of mining services for the proof-of-work (PoW) coin. The post Ravencoin spikes 20% following Binance Pool announcement appeared first on CryptoSlate.

According to the most recent statement issued on November 23rd, Binance Pool has now added Ravencoin [RVN] to its list of supported tokens. For its RVN pool, Binance Pool will charge a 1% fee.

Data from Coingecko indicates a surge in the price of Ravencoin (RVN), over the past month the cryptocurrency is moving against the general sentiment in the market. The rally in the price of this token coincides with the upcoming Ethereum's “Merge” and seems directly related to this event.

The Ethereum Merger is on the cards with less than 20 hours left and less than 5000 blocks to be mined. While a couple of altcoins like Ethereum Classic, Optimism, or Lido DAO were believed to be impacted largely.

Ravencoin (RVN) has seen its price rise over 13% in the last 24 hours to $0.06359, capping a bullish week for the token. The post Ravencoin price, hashrate spike as Merge draws closer appeared first on CryptoSlate.