Ravencoin (RVN) Analysis
Market Cap
$1,113,603,926 USD
Volume (24h)
$67,814,988 USD
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Ravencoin investment analysis
Ravencoin is a blockchain platform that is meant to facilitate just one task: the transfer of assets. While currently the blockchain is mostly used for the transfer of digital currencies, RVN will allow users to do more. Using this platform, anyone can register almost any asset, and then transfer it to others on a decentralized network.
The coin is also fairly distributed, and there was no ICO. This makes RVN an interesting throwback to a time when you could actually mine your cryptocurrencies, and you weren't just expected to buy them from the project creators.
Users will be able to register other digital goods such as in-game items, or even physical goods that require immutable blockchain records to verify authenticity. Assets can be issued in multiples or even as unique items such as works of art where only one will exist. Using the blockchain creates a contract which can be transferred to the new owner.
The team behind the platform is working on a lot of interesting features, and those who are interested in a Ravencoin investment may want to keep watching. There's some serious investor interest surrounding this project.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy Ravencoin?
There's a decent number of exchanges upon which investors can buy Ravencoin. This currency also benefits from having a large number of trading pairs available to it. The liquidity is pretty evenly spread, and investors can take their pick between several pairs such as Bitcoin, Litecoin, Nano, Neo and even the Chinese Yuan. You should be able to get a fair price regardless of which pairing you use here.
Investors looking to safely store their investment should do so using the official RVN wallet. The developers have made available several wallet versions for Windows, Mac, and Linux. There is alternatively a web wallet available from a third party provider if you'd prefer to utilize that solution. In any case, make sure to back up your wallet file or seed in order to protect your funds from loss. In the event that your computer is lost, stolen or becomes inoperable, this will be the only way for you to regain access to your wallets. Never keep any funds on an exchange as it's not safe, always use a private wallet.
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