A blockchain-based review platform has exploded nearly 200 percent in the past seven days, challenging current market trends.
feedback platform Revain’s (REV) The local cryptocurrency is up over 197 percent in just one week, from a seven-day low of $0.000759 to a seven-day high of $0.002257. Bitcoin (BTC) and outperforms other altcoins in the market.
Revainis a platform that aims to provide high-quality user feedback on global products and services using emerging technologies such as blockchain and machine learning. The company claims that the project has “accumulated the largest user feedback about crypto on the internet.” Users who provide high-quality reviews are rewarded with REV tokens.
According to the project’s website, Revain has already collected 73,453 comments from 29,785 authors.
While it’s unclear exactly what triggered REV’s massive price surge this week, the platform recently held a review competition with crypto exchange BitYard, which started on Tuesday.
🔥WE ARE BACK WITH MORE PRIZES🔥
Revain & BitYard are ready for a new contest with better and higher prizes. What about you?😉
Find out how to win 20 USDT and other contests details in our telegram channel: https://t.co/fqsikZA4Ry#revain #BitYard #contest pic.twitter.com/vNyDsCzs2U— Revain (@Revain_org) June 14, 2022
Alongside this, the platform also updated its smart search functionality on Friday, but the Twitter announcement of this development came after REV’s price rose.
⚡️Smart search has become even more convenient!
🔎 What’s been updated?
– search by category is available now;
– category search is conducted only by the products and the companies that belong to the category.
You can already try out the new functionality 😉 pic.twitter.com/LTR2m1koku— Revain (@Revain_org) June 17, 2022
The REV retraced after hitting a seven-day high and is currently changing hands at $0.001844.
Despite REV’s big gains this week, the asset is still down more than 99.9 percent from its all-time high of $3.96 in February 2018.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.