{"id":30374,"date":"2025-06-05T12:01:46","date_gmt":"2025-06-05T12:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30374"},"modified":"2025-06-05T12:01:46","modified_gmt":"2025-06-05T12:01:46","slug":"this-cryptocurrency-exploded-by-75-following-support-from-upbit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30374","title":{"rendered":"This Cryptocurrency Exploded by 75% Following Support From Upbit"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">One unexpected altcoin just went vertical, outperforming all cryptocurrencies from the top 100 club.<\/span><\/li>\n<li>Its impressive rally is likely driven by support from Upbit.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-399264\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>\u2018The Sleeping Giant Just Woke Up Today\u2019<\/h2>\n<p><span data-preserver-spaces=\"true\">The low-cap altcoin Ravencoin (RVN) took center stage today (June 5) by registering a whopping price increase. Specifically, its valuation skyrocketed by over 75% on a 24-hour scale, jumping to a five-month-high of approximately $0.02.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_399263\" aria-describedby=\"caption-attachment-399263\" style=\"width: 584px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-399263\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN.png\" alt=\"RVN Price\" width=\"584\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN.png 843w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN-300x205.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN-768x526.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/RVN-50x34.png 50w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\"><\/a><figcaption id=\"caption-attachment-399263\" class=\"wp-caption-text\">RVN Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Its market cap surged past $260 million, <\/span><span data-preserver-spaces=\"true\">which represents serious<\/span><span data-preserver-spaces=\"true\"> progress, but RVN remains <\/span><span data-preserver-spaces=\"true\">out of<\/span><span data-preserver-spaces=\"true\"> the top 250 cryptocurrencies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Back in 2021, RVN was in much better shape, with its capitalization briefly touching the $2 billion mark. At that time, its price reached an all-time high of almost $0.30, meaning the current figure is 93% lower than the historic peak.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, some industry participants believe the asset could restore its former glory. X user Vasil said, \u201c<\/span><span data-preserver-spaces=\"true\">the sleeping<\/span><span data-preserver-spaces=\"true\"> giant RVN just woke up today,\u201d <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/vasil_alyoshin\/status\/1930532297633132756\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">predicting<\/span><\/a><span data-preserver-spaces=\"true\"> this might be the beginning of a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> pump.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The most likely reason fueling the recent spike is the support coming from Upbit. The leading South Korean crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/upbit.com\/service_center\/notice?id=5204\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">listed<\/span><\/a><span data-preserver-spaces=\"true\"> the RVN\/KRW trading pair, making some <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> disclaimers involving certain services:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cDeposits and withdrawals are only supported through the designated network (RVN-Ravencoin). <\/span><span data-preserver-spaces=\"true\">Be sure to verify the network before <\/span><span data-preserver-spaces=\"true\">depositing<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">Deposits and withdrawals are only possible fro<\/span><span data-preserver-spaces=\"true\">m\/t<\/span><span data-preserver-spaces=\"true\">o personally verified wallet addresses.<\/span><span data-preserver-spaces=\"true\"> Even if the deposit <\/span><span data-preserver-spaces=\"true\">is made<\/span><span data-preserver-spaces=\"true\"> from a linked personal wallet, depending on the asset\u2019s network, deposit returns may be necessary.\u201d<\/span><\/p>\n<\/blockquote>\n<h2><span data-preserver-spaces=\"true\">Upbit\u2019s Previous Impact<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Last week, the exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/these-low-cap-altcoins-went-vertical-after-major-upbit-listings\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">allowed<\/span><\/a><span data-preserver-spaces=\"true\"> trading services with Pocket Network (POKT) and Livepeer (LPT). The effort gave a serious boost to the prices of the involved assets. POKT exploded by 350% on a daily scale, while LPT headed north by 80% within the timeframe.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A similar price reaction was observed<\/span><span data-preserver-spaces=\"true\"> in February and April. First, Upbit <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/trump-popcat-and-pengu-skyrocket-after-securing-major-exchange-listings\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">allowed<\/span><\/a><span data-preserver-spaces=\"true\"> users to trade the TRUMP\/KRW, TRUMP\/BTC, and TRUMP\/USDT pairs, which resulted in a substantial rally for the meme coin connected to the US president.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Then, the company <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">followed<\/span><\/a><span data-preserver-spaces=\"true\"> Binance\u2019s example and backed DeepBook (DEEP). The valuation of the altcoin jumped by double digits shortly after the announcements.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Such dynamics shouldn\u2019t come as a surprise. After all, support from <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\"> industry players like Upbit increases the liquidity of the listed token, boosts its accessibility, and has a positive impact on its reputation.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/this-cryptocurrency-exploded-by-75-following-support-from-upbit\/\" rel=\"nofollow\">This Cryptocurrency Exploded by 75% Following Support From Upbit<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR One unexpected altcoin just went vertical, outperforming all cryptocurrencies from the top 100 club. Its impressive rally is likely driven by support from Upbit. \u2018The Sleeping Giant Just Woke Up Today\u2019 The low-cap altcoin Ravencoin (RVN) took center stage today (June 5) by registering a whopping price increase. Specifically, its valuation skyrocketed by over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30374","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30374"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30374\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}