It’s Friday, which means it’s time for your weekly roundup of the top 5 biggest crypto price moves, starting with Veritaseum (VERI). This week’s top performers, including Ravencoin (RVN), Nexo (NEXO), GoChain (GO) and Revain (R), all topped 60% gains. Momentum is still behind these coins going into the weekend, so be sure to check them out. Here’s a look at the cryptocurrencies with the highest growth this week.
Veritaseum (VERI) is on the Ethereum blockchain. And this week, it broke back into the crypto market cap’s top 70. The upward momentum is hard to ignore. But Veritaseum has somewhat of a checkered past.
Veritaseum founder Reggie Middleton’s recent video is also increasing investor attention on the VERI token. Studies show this kind of positive attention can help drive price increases. Middleton has made lots of promises about his peer-to-peer platform. Whether and when any of them come to market is another question.
With a market cap of just under $114 million and a daily trade volume of around $40 million, Ravencoin (RVN) is another of this week’s top performers. RVN’s price moved up nearly 87% this week. But that growth is just part of an impressive run that has seen the crypto gain more than 325% from earlier in the month.
Back to listing. Ravencoin, no ICO, community project, humble people, no listing fee. https://t.co/MMJM4xyYtp
— CZ Binance (@cz_binance) October 11, 2018
Wondering what’s behind the boost? Ravencoin’s recent listing on Binance, one of the crypto exchanges with the lowest fees, and an endorsement from Binance CEO Changpeng Zhao (CZ). Still, RVN is relatively unknown, despite having the 59th overall market cap. This is one to keep watching.
Nexo is a cryptocurrency loan platform. And it’s enjoying a 75% boost to its altcoin price this week after announcing support for Bitcoin Cash. With a Bitcoin Cash hard fork on the way for November 15, Nexo’s support for BCH as collateral is a welcome addition that’s already attracting new borrowers.
But news about Ripple (XRP) is also influencing Nexo’s run this week. Once Nexo began supporting XRP as collateral for its instant crypto-backed loans, XRP began to spread positive press about the platform. Another case of investor interest driving an altcoin’s price boost.
It has been a big week for GoChain. On Monday, it didn’t just achieve a market cap of $44.26 million. It hit record-setting double-digit gains after winning Binance’s monthly cryptocurrency competition for unlisted coins. Winners get a free listing on the exchange, and this month, GoChain was the lucky coin.
Winning a contest hosted by one of the most popular cryptocurrency exchanges is the kind of press that would make any coin’s price skyrocket. But GoChain can back up its reputation. It has incredibly fast transaction speeds, like Nano (NANO). And that’s thanks to its innovate consensus mechanism, which it calls Proof-of-Reputation.
The reason for Revain’s impressive price move this week is simple: It’s finally out of beta. A full-scale, 1.0 version of the Revain platform went live this week. And following the launch, its price quickly climbed 78%. Things leveled out a bit later in the week, ending with a still-impressive 61.6% gain. Revain (R) is a top-gainer to keep your eye on, especially over the next couple of weeks.