More and more people are interested in dipping their toes into the world of cryptocurrencies. And, considering the great opportunities they bring for making a profit, it’s understandable. In the last years, many who remember the early days of Bitcoin have a story, full of regret, about why they didn’t get into it at the time. Today with over 18,000 cryptocurrencies, even though many of them are not significant, many experienced and new investors are trying to find the one that will bring them the biggest profit in the future.
Investing in cryptocurrencies is never without risk, so you should always be very careful and conduct extensive research. And while there are never real guarantees that one will be the next best thing, there are indicators that RVN has a promising future.
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What Is RVN?
Ravencoin is based on a fork of the original Bitcoin code. Unlike Bitcoin, Ravencoin is an open-source project, which means that there isn’t a company or a team of developers behind it. It is designed to be a peer-to-peer blockchain network that facilitates the transfer of crypto assets in the most efficient and least expensive way. Launched 4 years ago, the project wants to ensure that anyone can create their own cryptocurrency, as long as it serves as a means of transfer.
Like any other blockchain, Ravencoin has its own token, called RVN, which can be used for different purposes. Even though it’s not an old cryptocurrency, RVN has become available across some major exchanges.
Exchanges are virtual marketplaces where you can go to buy, sell or trade cryptocurrencies. And once a cryptocurrency is listed, more people will become interested in it, which in turn means that its value can rise faster. But before going to an RVN exchange platform to start investing, read about some of the reasons why this cryptocurrency might be a good choice, especially if you are interested in long-term investments.
A Great Vision and Exceptional People Behind It
One of the most appealing things about cryptocurrencies is that they are anonymous, decentralized, and protected. This is one of the reasons why it has become interesting to many investors.
It stands behind ideals such as healthy free markets, liberty, and anonymity, as well as putting people above governments and corporations. Since its creation, the people behind it have been making sure that Ravencoin remains a truly open-source proof of work blockchain project.
Low Fees and Low Entry Price
Although it is not the most promising blockchain project out there, RVN could still offer decent returns for long-term plays. Its low gas fees are one of the reasons why it is being noticed by more and more investors looking for an alternative for Ether or Bitcoin.
Crypto enthusiasts who can see the potential of RVN, call it Bitcoin 3.0. This is because in some way it’s on a similar trajectory as the oldest cryptocurrency. One great reason why you may want to decide to invest in it is that its current market price is quite low.
Good Price Predictions
Even though nothing is absolutely certain in the world of cryptocurrencies, as things are progressing so far, RVN has a good chance to increase in value in the next years. The value of all cryptocurrencies regardless of how popular they are can change fast. However, so far, Ravencoin seems to be pretty stable, when compared to other coins.
A Strong Growing Community
In the crypto world, communities of people believing in a currency are very important. Ravencoin has a strong supportive online community, which is another good reason to consider it. RVN supporters, including developers and entrepreneurs from all over the world, make it a valuable investment opportunity. As long as people keep believing in it, its value will keep growing.
Investing in the right cryptocurrency at the right time is the dream of any experienced or beginner trader. But when it comes to cryptocurrencies, a lot of the decisions come down to speculation. So, regardless of the coin you choose to invest in, you must make sure that you aren’t putting yourself at a very high financial risk and spend only as much as you can afford to lose.
Ravencoin may not be among the most popular cryptocurrencies, but when you think about the people who have created it, and their values and philosophy, those who believe in it, and their support and dedication, the technology behind it, its decent stability, its current price, and low fees, – there is a good chance that this is your opportunity to make your smart and timely crypto investment dream come true.