One blockchain-based review platform Revain is defying market trends, with a roughly 200% increase in the last seven days.
Revain (REV), the native asset for feedback platform Revain, is outperforming Bitcoin (BTC) and most cryptocurrencies after jumping from a seven-day low of $0.000759 to a seven-day high of $0.002257, a gain of more than 197% in only one week.
Revain’s mission is to give high-quality user feedback on worldwide products and services that make use of emerging technologies such as blockchain and machine learning. The firm claims to have “gathered the most volume of customer input about cryptocurrency on the Internet.” REV tokens are awarded to those who post high-quality reviews.
The platform has received 73,453 reviews from 29,785 authors, according to the project’s website.
It’s unclear what’s causing REV’s big price increase this week. The company and BitYard, a cryptocurrency exchange, launched a review contest on Tuesday.
On Friday, Revain also improved its smart search functionality, however the Twitter announcement came after REV’s price skyrocketed.
REV has retraced from hitting a seven-day high, and it is now trading at $0.001844.
Despite this week’s tremendous increases, REV is still more than 99.9% below its all-time high of $3.96, which it reached in February of 2018.
Bitcoin has lost 33.6% in the last week, to $19,377 at the time of publication. In the same time frame, Ethereum has dropped 38.8% to $1,018.
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