Ravencoin is rising as interest in tokenized securities grows
- The price of Ravencoin (RVN) increases by 865% as the feverish buying on the coin increases.
- With this euphoric surge, Ravencoin climbs from a low of 0.016 in January to an all-time high of 0.189 on February 19th.
- Ravencoin’s total market capitalization is now set. $ 1.45 billion.
- Ravencoin is an open source offshoot designed to facilitate the transfer of assets from one person to another.
2021 has been a bullish year for cryptocurrencies so far, and the latest cryptocurrency to see massive gains is Ravencoin (RVN). 2021 rolled by and Ravencoin was trading at a low of 0.016 in late January and a massive price rally began to form, pushing the value to an all-time high of $ 0.189.
Industry experts cite the growing interest in tokenized securities as the reason for Ravencoin’s growth over the past 20 days. Ravencoin’s market capitalization is currently at an impressive $ 1.45 billion, making it the largest cryptocurrency by market value.
Ravencoin: New coin on the block
Ravencoin was launched in 2018 as an offshoot of Bitcoin to make the transfer of assets from one party to another a seamless process. The X16R proof-of-work algorithm, impervious to ASIC mining, allows users to create assets on the platform, as long as those assets tick all boxes of the cryptocurrency.
While a wide range of tokens such as stocks, loans, and goods can be hosted on the platform, it appears that stocks have been given preferential treatment. Ravencoin says it was “specifically designed and developed with securities as the main use case. In particular, the problems that arise in public markets due to poor general ledger can be solved by distributed ledger technology. “
The supply of Ravencoin is currently capped at 21 billion coins, with block rewards set at 5,000 Ravencoin per block and blocks halving every four years. Each block time is set to one minute.
Currently trading at 0.1831, Ravencoin has seen the largest positive price surge in the last 20 days, up over 865% in the last 20 days. With a market cap of $ 1.45 billion, just above annual funding.
On the downside
- Analysts warn of increasing regulations by the SEC and other regulators.
- Chainlink has lost 10.01% of its market value in the last 7 days – CoinMarketCap.com
The future is tokenized securities
Tokenized securities are easily tradable tokenized assets. They represent an underlying financial instrument on the blockchain and are issued through a process called tokenization.
Tokenized securities have grown in popularity in recent years with the increasing adoption of blockchain technology. Tokenized Security increases the level of transparency and checking and maintaining the shareholder register is much easier with Tokenized Securities.
The decentralization of the blockchain eliminates intermediaries, which saves a lot of time and money. Given the immense benefits of digital tokens and tokenized securities, Ravencoin is perfectly positioned to capitalize on the growing interest. Already in the last 7 days the price has risen by 145%, it seems to rise even higher.
Using data from VORTECS analysts, coins can be predicted with a certain degree of accuracy and price value. VORTECS uses historical and current market conditions, trading volume, price and Twitter activity to pinpoint the direction of a price run. VORTECS was able to reasonably predict the meteoric rise in the Ravencoin price.
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