One blockchain-based review platform is defying current market trends, exploding by nearly 200% in the past seven days.
The native asset for feedback platform Revain (REV) is outperforming Bitcoin (BTC) and most altcoins after surging from a seven-day low of $0.000759 to a seven-day high of $0.002257 for an increase of over 197% in just one week.
Revain aims to provide high-quality user feedback on global products and services that utilize emerging technologies like blockchain and machine learning. The company claims to have “accumulated the biggest volume of user feedback on crypto on the Internet.” Users who provide high-quality reviews are rewarded with REV tokens.
According to the project’s website, Revain has accumulated 73,453 reviews from 29,785 authors.
It’s not entirely clear what is driving REV’s massive price surge this week. Revain and BitYard, a crypto exchange, held a review contest that kicked off 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
Revain also updated its smart search functionality on Friday, though the Twitter announcement happened after REV’s price took off.
??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
REV has retraced since posting its seven-day high, and it’s currently changing hands for $0.001844.
Despite REV’s huge gains this week, the asset remains more than 99.9% down from its all-time high of $3.96, which it hit in February of 2018.
In the past week, Bitcoin has dropped 33.6% to $19,377 at time of publishing. Ethereum has fallen 38.8% in the same time frame, to $1,018.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Dai Yim/Sensvector
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