What is driving the recent price increase of Ravencoin (RVN)?

Ravencoin (RVN) has recently caught the attention of the cryptocurrency market with a notable increase in its price.

This surge has generated interest among investors and enthusiasts, who seek to understand which factors are driving this growth. While the cryptocurrency market is inherently volatile and prices can fluctuate rapidly, several key elements seem to be contributing to RVN's bullish performance.

Key factors driving the price of RVN

The announcement made by Upbit through its official X account indicated that the exchange will add trading support for RVN against the South Korean won (KRW).

The rise of the RVN coin caused it to reach highs of $0.027, its highest level since mid-December 2024.

Ravencoin price triggers a 150% surge in RVN

Undoubtedly, this is what drove up the price of Ravencoin (RVN).

The impending listing of an altcoin considered one of the best mineable tokens currently meant that the bulls had control just hours after the announcement.

Data from CoinMarketCap shows that the token's price more than doubled its value, rising from lows of $0.010 to $0.027.