Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)

as usual binance whale-bot-pumpers going nuts still hahaha. you can't tell me this pump is from the recent 'news and meetings' from rvn founder? lol
but well.........can't complain tho if you finally get to make some nice btc from rvn. just be weary of when dumps happen.

Let them continue at the same pace.
The main thing is that while we make money buying at the lower price and selling at the top price. I am sure that 90% of users and even no longer interested in the technology itself, but only profit in trade or mining.

Those interested in the tech were buying in the 300 sats range. At over 1300 sats, this coin is priced like a much more established chain. Many of the pumpers probably don't understand the market cap is artificially depressed due to the massive amount of coins that are still to be mined. It will be difficult for the market to continue to support the current high dollar value of coins created per day.

RVN is kinda inflatory, but every day inflation relatively decreases. We are at cca 3 178 000 RVN minted, and 7 400 000 new RVN added every day, it means 0.23% "daily inflation", which is not that bad. If price decreases by this speed, nothing bad is going to happen. It used to be worse, when we were at half of the minted coins or even worse.. then new coins hitting market every day really depressed the price, but I think price and volume is so high right now that it absorbs new coins like nothing.

But it doesnt change anything on my opinion that price spike is mostly FOMO right now. Probably will cool down in 1-2 weeks and then we will see some decrease and when new features are added, another moon Cheesy

. But just my personal opinion, not any investors advice here. Impossibru at crypto