RVN (Ravencoin) as Large-cap Coin is 40th in the 2100NEWS ranking. The quality of the order book of RVN is Excellent. The average quality of the order book for large caps members of the NWSL100 index is 14. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.
RVN has been launched in 29 exchanges.
RVN as Large-cap Coin is 40th in 2100NEWS ranking (after Index Review of 28th February 2020). It is an Index member: NWST1100, NWSL100, NWSCo100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 20.5, (Average for Large caps: 14)
Over the past week, the average market cap was $151.1 million, average daily volume was $15.5 million.
To make appropriate peer comparison we gauged the RVN (Ravencoin) coin with 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, at the top we can see the RVN vs. NWSCo100, in the middle of the chart is the original RVN price, at the bottom of the chart are NWSCo100 and correlation between DCR and NWSCo100. On average (purple area graph), the relationship between RVN and NWSCo100 has shown that RVN was stronger in November and December but weaker in January, in the last four months, it has declined by 4.66% vs NWSCo100. However, comparing the RVN green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearson’s correlation coefficient = 0.91). As an index member RVN has been an excellent representative of the NWSCo100 index in terms of price changes in the last four months.
Ravencoin acts globally. Miners from all around the world have added to the network to create one of the strongest decentralized networks in existence. Ravencoin focuses on building a useful technology, with a strong and growing community. They regularly upgrade the platform. They have set up a special website for the community https://getravencoin.org/ where we can find all the news and information regarding Ravencoin. They have 30.2K followers on Twitter.
About Ravencoin – what they do
Ravencoin is an open-source project designed to enable instant payments to anyone around the world. The aim of the project is to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another.
Unique characteristics of Ravencoin
- ASIC resistant – Uses an X16R hashing algorithm to discourage the development of ASIC hardware
- Fair launch – Everyone has equal opportunity to mine or purchase RVN since day one.
- No pre-mine, no ICO, and no coins held for a developer or founder rewards.
- Community Driven, and True Open Source
Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key changes include a block reward time of one minute, a change in the number of coins issued, but not the weighted distribution schedule and the addition of asset creation and messaging capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm which was created for Ravencoin. There is no private, public, founder, or developer allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and censorship resistance. It is open to use and development in any jurisdiction while allowing simple additional features for users based on need.
Ravencoin was launched in January 2018 in the interest of fair distribution. They act globally. There was no ICO, no pre-mine, no masternodes, or any other gimmicky feature, and anyone can mine RVN using AMD or NVIDIA GPUs.
Exchanges: Binance, Binance US, Birake Network, BitForex, BitMax, Bitrue, Bittrex, Bitvavo, CHAOEX, Coinall, CoinEx, Dex-Trade, DigiFinex, Finexbox, Graviex, HitBTC, IDCM, Indodax, LiteBit.eu, Livecoin, MXC, OceanEx, OKEx, Paribu, ProBit Exchange, TradeOgre, Upbit, VCC Exchange, WazirX.
You can follow them: Twitter Medium Reddit
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins RVN.