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Ravencoin (RVN) Sees Massive Growth: Is It a Good Investment?

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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.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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