Ravencoin, a Bitcoin-inspired crypto, witnessed a dramatic price jump following its listing on Upbit, the largest South Korean exchange. The coin’s value soared over 155%, surging to $0.027 before settling at $0.016, marking a significant market cap of $255 million. This surge is attributed to increased interest from South Korean traders who can now access Ravencoin using their local currency through Upbit. Notably, the largest trading volume for Ravencoin occurred on this platform, with daily activity exceeding $445 million and a substantial portion ($170 million) coming from Upbit alone. 📈 This pattern is echoed in other cryptocurrencies following similar listings, including Orca, Arkham, Kaito, Livepeer, and Pocket Network. However, past experience indicates these short-term gains often dwindle quickly. As South Korea holds a prominent position in the global cryptocurrency market, with average daily trading volume exceeding $12 billion, it plays a crucial role in shaping the crypto landscape. 🌍 But remember, post-listing price pumps are not always sustainable, and past examples like Orca and Pocket Network’s dramatic plummets serve as cautionary tales. 📉 Ravencoin, designed to optimize transactions with a limited supply of 21 billion coins compared to Bitcoin’s 21 million coins, stands out in the crypto space. The daily chart illustrates Ravencoin’s journey, showcasing its recent rebound after April lows and its current trajectory towards potential pullback. Currently, it holds above both the 50-day and 100-day moving averages, indicating a trend toward continued decline. The most likely scenario is a drop to $0.0125, a price point from August last year. This would result in a potential 25% decline from current levels.