Hi, Steemians...
Against the background of the fact that the price of many altcoins has gone up, it makes sense to consider some of the new items that have appeared on the Bittrex exchange in the past few months. Their range is quite wide, but in this post I would like to stay at Ravencoin.
The emission of this currency is 21,000,000,000 coins. But do not be afraid, there are many interesting nuances. Ravencoin is a bitcoin hardfork like Bitcoin Cash or Bitcoin Gold. The developers emphasize this fact, as well as the fact that there was no pre-mining or pre-sale. The coin code is open, so anyone can to mine it. This is another plus, as the coins will not be concentrated in the same hands. At this time, there is a little more than two and a half billion coins in circulation, as shown by CoinMarketCap
The past year has shown that reliable digital platforms designed for quick money transfer turned out to be the least volatile. The most striking example is the coin XLM.
Ravencoin is a decentralized P2P network that is designed for a single task — processing a function that transfers assets from one side to the other. In other words - fast transfer of money in case of mutual settlements.
The big plus of RVN is that it is a hard fork Bitcoin, going as a separate branch and many times proven blockchain. This is already a brand. Fast transfer from a reliable manufacturer plus complete decentralization.
I think that the banking sector will quite quickly discern the full benefits of this project. It is not accidental that the coin is simultaneously issued for trading on the Bittrex and Binance exchanges.
Let's look at the RVN chart with a 1 day timeframe.
Here is clearly visible graphic figure, which I described in a previous post - falling (tapering) wedge This tells us about the trend change to the opposite. There is a big chance for the growth of the price of this coin.
A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.