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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.

Photo by Chris LeBoutillier from Pexels

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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