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.
Revain also updated its smart search functionality on Friday, though the Twitter announcement happened after REV’s price took off.
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.
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