Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Ravencoin Spikes As Interest In Tokenized Securities Grows

CryptocurrencyFeb 22, 2021 01:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Ravencoin Spikes As Interest In Tokenized Securities Grows

  • Ravencoin’s (RVN) price gains 865% as feverish buying takes off on the coin.
  • This euphoric rise sees Ravencoin rise from a lowly 0.016 in January to reach an all-time high of 0.189 on February 19th.
  • Ravencoin’s total market capitalization is now pegged at. $1.45 billion.
  • Ravencoin is an open-source offshoot of Bitcoin that is designed to ease the transfer of assets from one person to another.

2021 has been a bullish year for crypto-currencies so far and the latest cryptocurrency to see a massive gain is Ravencoin (RVN). 2021 rolled by and Ravencoin traded at a lowly 0.016 at the end of January and a massive price rally began to form, bringing 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 in the last 20 days. Currently, the market capitalization of Ravencoin sits at an Impressive$ 1.45 billion which places it as the largest cryptocurrency by market value.

Ravencoin: New Coin On The Block

Ravencoin was launched in 2018 as an offshoot of Bitcoin which is designed to make the transfer of assets from one party to another a seamless process. Using the X16R proof of work algorithm which is impervious to ASIC mining, users can create assets on the platform provided such assets tick all the boxes of the crypto-currency.

While a wide range of tokens such as securities, credit, and commodities can be hosted on the platform, it seems that securities have been given preferential treatment. Ravencoin says that it was “specifically designed and developed with securities as a major use case. Specifically, the problems being seen in public markets due to bad ledger may be solved by distributed ledger technology.”

Ravencoin’s supply is currently capped at 21 billion coins with block rewards set at 5,000 Ravencoin per block and blocks will go through halving every four years. Each block time is pegged at one minute.

Currently, Ravencoin is trading at 0.1831 and has gone through the largest positive swing in prices in the last 20 days, rising by over 865% in the last 20 days. With market capitalization at $1.45 billion just above yearn.finance.

On The Flipside

  • Tokenized securities will face increasing regulations from the SEC and other regulatory agencies, analysts warn.
  • Chainlink’s lost 10.01% of its market value within the last 7 days – CoinMarketCap.com

The Future is Tokenised Securities

Tokenised Securities are simply Tokenized assets that are tradeable. They represent an underlying financial instrument on the blockchain and are issued through a process called tokenization.

Tokenised Securities have gained popularity in the last few years with the increasing adoption of Blockchain technology. Tokenized security increases the level of transparency and the process of auditing and maintaining shareholders’ registry is a lot easier using tokenized securities.

The decentralization of blockchain eliminates intermediaries thereby saving a great deal of time and cost. Seeing the immense benefits of digital tokens and tokenized securities, Ravencoin is perfectly poised to take advantage of the growing interest. Already up in price by 145% in the last 7 days, it’s looking to soar even higher.

Utilizing data from VORTECS analysts can predict with a certain degree of accuracy and price value of coins. VORTECS uses historic and current market conditions, trading volume, price, and Twitter activity to accurately pinpoint the direction of a price run. VORTECS was able to predict the meteoric rise of Ravencoin’s price to a reasonable degree.

Continue reading on DailyCoin

Ravencoin Spikes As Interest In Tokenized Securities Grows
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email