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Low- and mid-cap altcoins gain traction as the cryptocurrency market prepares for a historic rebound to record peaks. Bitcoin flourished over the past seven days, climbing from a weekly low of below $62K to trade at $67,200 during this publication.
Ravencoin is trading near above $0.033, a two-week high last seen on March 12 when the altcoin soared alongside Bitcoin (BTC). With over 14% gains in the past 24 hours and 34% this past week, Ravencoin price is outperforming most of the top 10 altcoins by market cap.
Ravencoin is a peer-to-peer network and cryptocurrency designed to facilitate asset transfers between parties using an application-specific blockchain. The project purposely restricts itself to a very particular use case and tries to separate itself from other blockchains.