RVN Plateaus, ENJ and COSM Surge

RVN currently comprises the 23rd top gaining asset of the past week following a dramatic rally to test resistance at the prior all-time high (ATH). In other market action, a dramatic influx of volume has propelled COSM and ENJ to top of the gainers list. Meanwhile, the week’s top losers appear to predominantly comprise illiquid altcoins, suggesting that the leading crypto assets will continue to extend their market dominance.

Also Read: Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone Awry

RVN Plateaus Following Test of ATH Resistance

Following a 200% rally in roughly two weeks, RVN price action appears to be starting to plateau following a test of the market’s all-time high resistance area of approximately 1,000 satoshis.

After posting a local high of 977 satoshis two days ago, RVN has since retraced by 17%, ranking it as the 23rd strongest gaining crypto asset of the last seven days with a weekly gain of 69%.

RVN currently comprises the 54th largest cryptocurrency with a market capitalization of nearly $99.18 million and is trading for 808 satoshis or $0.032. In the past 24 hours, $30.23 million worth of RVN has changed hands.

Record Volume Drives New Price Highs for COSM

COSM is currently the third top gaining asset of the past week, post a seven day gain of 179% as of this writing. The gains have been driven by record volume, which propelled COSM to post a new all-time price high of 1,859 satoshis or $0.073 earlier today.

COSM is the 98th-largest crypto asset with a capitalization of $42 million, and is trading for 1,591 satoshis or $0.062 as of this writing. Approximately $457.65 million worth of COSM was traded during the previous 24 hours.

ENJ Posts Record Market Capitalization

ENJ currently ranks as the fourth-top gaining crypto asset of the past seven days, currently posting a weekly gain of 196%. All-time volume highs have driven ENJ to currently post a record market cap of $164.75 million, placing ENJ as the 36th-largest crypto asset by capitalization.

ENJ is trading for 5,482 satoshis or nearly $0.22 as of this writing. Nearly $160 million worth of ENJ has changed hand during the last 24 hours.

Do you think RVN will break into to new all-time highs when measured against BTC? Share your thoughts in the comments section below!

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

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Samuel Haig

Samuel Haig is a journalist who has been completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he attended the University of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written about the dialectics of decentralization, and is also a musician and kangaroo riding enthusiast.