RATE Group | This Crypto Is Up Over 140% Against Bitcoin & Could Be Just Warming Up
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This Crypto Is Up Over 140% Against Bitcoin & Could Be Just Warming Up

24 Jul This Crypto Is Up Over 140% Against Bitcoin & Could Be Just Warming Up

Posted at 23:19h in Bitcoin News by

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The strong rise of bitcoin from $3,693.85 at the start of 2019 to highs of $13,880 last month has left many altcoins in ruins. Many people have dumped their crypto tokens in favor of the surging bitcoin.

While other crypto tokens suffered brutal devaluations against bitcoin, there’s one that has managed to go against the tide. Ren (REN/BTC) opened the year at 549 satoshis. Seven months later, it climbed as high as 1,342 satoshis. That’s an impressive 144.44 percent gain while almost every cryptocurrency has nosedived against bitcoin.

The best thing about Ren’s ascent is that the bull party is just getting started.

Ren Built a Solid Base for Over Seven Months

The primary reason why we believe that Ren could have tremendous upside potential is because of its lengthy accumulation period. A look at the daily chart shows that the crypto token was trapped in range accumulation from Dec. 6, 2018 to July 20, 2019. During that period, the cryptocurrency traded in a wide range between 400…

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