The cryptocurrency that supports Ravencoin Tokenized Securities, Ravencoin (RVN), saw an increase in value of over 800% in the early part of 2021. For a short period, the internet became flooded with investors trying to find out where to buy Ravencoin.
As we enter March, however, the picture has changed. Ravencoin initially lost half its value after reaching a high of almost $0.30. RVN appears to be climbing back up. Nevertheless, this has left investors wondering if the hype is real. Are Ravencoin Tokenized Securities the future of asset transfer and ownership? Is the ex CEO of Overstock, Partick Byrne, right when he says Ravencoin is the next big thing? Is this a temporary pullback, the market cooling off after making one of the biggest runs of the year? Or is this the start of a prolonged sell-off?
Let’s take a look at these Ravencoin Tokenized Securities and see if the Ravencoin is getting ready for sell-off or another leg up.
What Are Ravencoin Tokenized Securities
Ravencoin is the base currency for an open-source blockchain that aims to solve the problem of real-world asset transfers. This is done through the use of Ravencoin tokenised securities / assets.
Like Ethereum, on the Raven platform users can create tokens similar to ERC20 Tokens that represent ownership of real-world assets. These tokens, known as Ravencoin Tokenized Securities, can then be traded freely on supporting exchanges.
For example, you may want to sell a part of your business. This share of your business can be divided by using Ravencoin Tokenized Securities and these tokens can be sold off as a part of a capital-raising venture. Dividends owed to your investors could then be distributed to the owners of these tokens via the Ravencoin network.
The Ravencoin project remained relatively unknown until Patrick Byrne, was reported to have invested millions of dollars into the Ravencoin. Since then, interest in the Raven Token steadily increased coming to head in February 2021.
Why did Ravencoin Pump so Much?
The beginning of 2021 saw what has become known as the GameStop fiasco. Without going into too much detail, the share price of gaming retailer GameStop skyrocketed causing many online brokerages to either suspend purchases of the stock or outright ban trading of it. GameStop investors believed this was unfair and done to protect investment and banking institutions that had accumulated large short positions in the stock.
Suddenly, the market became aware of the huge value in a decentralized platform that could enable people to buy and sell securities free from meddling third parties. A platform just like Ravencoin.
Entering February, Raven’s Twitter feed blew up with many Twitter users wanting to find out where to buy Ravencoin.
This new wave of investor interest saw liquidity completely dry up as demand drove the price of Raven Token up.
Related Ravencoin Coinbase Listing – Is RVN Ready to Fly?
Is interest in Ravencoin Tokenised Securities Going to Continue?
With the Ravencoin rally cooling, dropping just over 50% coming into March, investors are wondering whether or not the good times are going to continue or if this whole affair was just another crypto pump and dump.
There are two things we need to consider. Firstly, like most other altcoins, Ravencoin is likely to experience significant volatility. Even before it became Twitter famous, Ravencoin was prone to wild swings in its value of both the bullish and bearish variety. Secondly the Ravencoin boasts a very strong community and a powerful cheerleader in Tron Black. Tron Black is the president of the Ravencoin foundation.
Most importantly, it appears Ravencoin is now finally ready for the next growth phase, mass adoption. As companies, investors, and the general public begin to recognize the potential behind Ravencoin tokenized securties, RVN is likely to grow in price and popularity.
Conclusion
Raven Token has always focussed on one niche: Building a decentralized framework that can facilitate transfers of real-world assets via their Ravencoin Tokenised Securities.
The first quarter of 2021 has shown us that not only is a network like this needed in today’s financial environment, but that the market participants are willing to passionately support such a project with their dollars.