Ravencoin (RVN) Sees Massive Growth: Is It a Good Investment? - Global Coin Report
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Ravencoin (RVN) Sees Massive Growth: Is It a Good Investment?

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Ravencoin
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Many in the crypto industry have strong faith in Ravencoin (RVN), believing it to be an asset with a very bright future ahead of it. The project is a P2P blockchain, designed for asset transferring between different parties. As such, it started seeing massive growth in price in recent months, ever since the crypto market started showing signs that the crypto winter is truly over.

Ravencoin sees massive growth in 2019

The growth of RVN price started in the final days of February. Until that point, Ravencoin’s price was relatively stable, prevented from seeing growth by a large resistance at $0.015. It mostly fluctuated between $0.010 and $0.015 ever since it dropped below this level in the early days of December 2018.

However, the crypto market’s recovery had a strong impact on it, and RVN price started seeing a massive surge — one that took it from $0.010 to $0.034 in less than two weeks. However, its large resistance at $0.030 prevented the price from remaining at this height or going forward, and it soon found itself below it once again.

However, it did not drop back towards its old support, but instead remained close to $0.03, waiting for its next opportunity to grow. The opportunity came quickly enough, only ten days later, on March 18. Ravencoin started growing rapidly, and by the end of March, it breached even the resistance level at $0.06. While the majority of the crypto market saw its first proper surge on April 1st, Ravencoin already saw its new all-time high at that point.

The coin’s new record-breaking height was reached on April 7th, with a price of $0.072753, according to information from TradingView. Since then, the price saw a minor decline which took it close to the new support level at $0.06, although it made several attempts to grow yet again.

This brought RVN to the attention of the new investors, who started buying the coin. Unfortunately, the recent events in the crypto world have affected the market strongly, and a lot of coins are currently seeing large declines in their prices. This includes RVN as well, which has, once again, dropped below $0.06. However, this is not the first time this has happened in the past month, and it is entirely possible that the coin will return to its former glory relatively soon.

Is Ravencoin a good investment?

Ravencoin is a project with a strong focus on tokenization, and tokenization is believed to be one of several future-proof investments that people can make today. The idea is to tokenize financial and real assets, which will allow a guarantee of ownership, as well as easier sharing of real-world assets. Anything can be tokenized, from jewelry to real estate, and even stocks.

Meanwhile, Ravencoin’s platform allows various businesses to launch their own security tokens, with a built-in ability to pay dividends via RVN. This gives it a massive use case, as well as guaranteed value. The coin’s behavior in recent months shows that it is not only interesting and practical, but also that investors see it as a valid project, and that they are willing to purchase the coins for HODLing and future use.

The coin’s total supply is pretty massive, however, which is why it is unlikely that its price will ever grow to the same size as Bitcoin’s. However, RVN remains an active investment, and it is pretty low-risk, while it can be highly rewarding if the project takes off, as experts believe it might.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Chris LeBoutillier from Pexels

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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