Revain (R) Spikes Another 47%: Are You Profiting From This Altcoin’s Volatility?

The Ethereum-based altcoin Revain (R) took another sudden moonshot on Monday, as the ‘R’ token gained as much as 47% before rebounding.

This most recent spike by Revain marks the continuation of a trend which has seen gains of 200-300% occur regularly throughout the past year – almost like clockwork.

If my reading of this ETH-based clock is correct, then Revain could be on track for a repeat of its previous volatility, and could see significant additions to Monday’s 47% price spike.

What Is Revain?

In short, Revain is a blockchain-based internet review application, which rewards users for leaving feedback on sites where Revain is active. Read more on how Revain works here, in this Hacked article from last year which detailed Revain’s first applied use-case.

My first instinct when covering Revain at the time was that it was just another project trying to piggyback on the blockchain craze. That was also the initial opinion of one of our ICO reviewers back in 2017, when the Revain project was given the unenviable score of 1 out of 10.

And the funny thing is, despite doubling in value since the ICO price, and surging into the market cap top sixty in the process – my thoughts on the project haven’t changed much.

The Extreme Volatility of Revain

Looking at Revain’s all-time charts, it looks like any other cryptocurrency – a major spike in January followed by a year of decline.

But zooming in on that year of decline reveals a token which has probably recorded as many net gains as it has gross losses. The chart below shows a pattern of two separate +200% gains over the last six to eight months.

For whatever reason, Revain appears to pump higher and dump lower than most altcoins. So how can the average trader take advantage of these volatile pumps?

How to Trade Revain

Towards the end of 2018, Revain gained its first real-world applied use-case when its review system was added to BTC-Alpha – an exchange popular in Russia, registered in the UK, and owned by a Ukrainian national.

BTC-Alpha was also the home to close to 90% of Revain trades for long periods in 2018, and there appears to be some kind of cooperation at play between BTC-Alpha and the Moscow-based Revain project.

Were I inclined to get in on the Revain action, I would want to be present on BTC-Alpha since this seems to be where most of R’s pumps originate from. Failing that, I would head over to either Kucoin or OKEx, where BTC, USDT and ETH pairs can be found – but with lesser liquidity. Note: I haven’t even tried out these exchanges, and it’s only right to echo a warning from Revain’s 2017 ICO review: Exercise extreme caution.

Revain Price – R/USD

Monday’s price movement saw the value of ‘R’ move from $0.110128 up to $0.162586 – 47% gains in around half a day, before falling back to the $0.15 range.

Unlike other altcoin pumpers we’ve seen as we move into the crypto spring, Revain has not been marked by increased trade volumes, but rather just fell to some of its lowest daily changeover in some time. Perhaps this was the catalyst for today’s sudden spike.

Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Greg Thomson is a freelance writer who contributes to leading cryptocurrency and blockchain publications like CCN, Hacked, and others.