Ravencoin is a proof-of-work (PoW) blockchain that facilitates the issuance of tokens and is a promising alternative to Ethereum and other token-capable chains. Ravencoin crypto tokens are used for a wide range of purposes, including representing NFTs (non-fungible tokens) and real-world assets. Although Ravencoin’s design and concept are fairly similar to Bitcoin, their total supply, propriety mining algorithm, and block rewards are optimized for efficient token transfers and decentralization.
The blockchain allows anyone to issue tokens on the network as long as the main purpose of the token is to be transferred.
Ravencoin mining is possible, as it functions on the PoW system, but with its own mining algorithm, X16R, making mining much more profitable for industrial-scale operations.
Users can create assets that represent real-world assets, such as shares of stock, rewards, gold, or also NFTs.
How To Buy Ravencoin or Add it to your Strategy
The fastest, most convenient way to purchase Ravencoin is to purchase it on ICONOMI. We check Ravencoin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Ravencoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Ravencoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Ravencoin, we recommend you read the next section, as copying might be a better approach.
Add Ravencoin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Ravencoin in their structure.