Altcoins Cryptocurrency

Why Reddcoin, Electroneum, Ravencoin are Good Investment Opportunities during this Period

Billionaire Bitfinex Investor Wants Embattled Exchange to Launch Native Token to Tackle Ongoing Crisis

Despite the fact that a lot of Cryptocurrencies are still in the red, Reddcoin, Electroneum, and Ravencoin are Coins that have got intriguing and viable use case in the blockchain industry and beyond, thus you might want to consider investing in them for these reason.

Reddcoin: Making A Massive Comeback

After a long time in coma, Reddcoin is making a huge comeback into the Crypto market and as such, it is proving itself to be a reasonable investment option at the moment. It is coming back with new developments, the first one being the upgrade of the software, a full release of the ReddID application with added developments, and the creation of a new wallet. Reddcoin also seems to be contemplating the introduction of peer-to peer-transaction and sealing it with mainstream payments. Their major aim is to make it accessible for all such that it can maintain it’s top spot against likely competitors.

A major proof of the fact that RDD is in fact making a comeback is in its partnership with a peer-to-peer lending platform known as HODL Finance, allowing Reddcoin’s holders to access fiat loans without the need of RDD coins as collateral. It is true that the digital currency has experienced its lows, but there are more than enough reasons to believe that Reddcoin would return to the Crypto market’s limelight.

Electroneum: On The Verge of a Breakthrough

Although it was ranked by market cap as the 60th largest Crypto asset in the world, (ETN) is conspicuously beaming its greenlight. For one thing, it was recently ranked by Coinmarketcap as the third highest gainer amongst the top 60 coins, adding 8.2 percent to its value against the US Dollar. At the same period, it also outpaced BTC on the upside trend by 7.5 percent.

Electroneum also recently kick-started a steady drive on the upside trend. It previously formed a solid support around $0.0069. At the moment, ETN is still on the rise and it’s not showing any sign of relapsing just yet. There are speculations surrounding the Crypto that it might actually prove to be a really reliable investment option.

Ravencoin: A Crypto On the Rise

Ravencoin is a Crypto that that has proven to be heavily pregnant with potentials in recent times. The Digital currency currently has a market cap of $40 million (equivalent to 11,000 BTC). Although the recent surge in the value of this unique coin is unclear, but many have attached it to the release of the over 16,000 assets created on the network within 90 days.

The digital currency which is both a free and an open source project that is mined using the Proof of Work (PoW) Blockchain has been performing excellently prior to this time.

Another reason why you need to invest in RVN lies in the announcement of Ravencoin amongst the services of TokenizEU, an European based platform that is set to help firms issue EU-compliant security tokens.

We don’t know what the future might bring as regards the three coin Electroneum, Reddcoin and Ravencoin, due to the volatile nature of the Crypto market, but right now the Coins are showcasing signs of future potential.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Oliver Green

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