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Why I'm Bullish on Ravencoin

By nick_84 | The Ravens Nest | 20 Feb 2023


At the time of writing this, Ravencoin is up almost 10% over the past 7 days, and over 22% in the past month. Here are my top 3 reasons why I am still bullish on Ravencoin in 2023.

1: Ethereum Alternative

Back in September 2022, the Ethereum network merged, causing miners to have to become an ETH Staker, to switch to mining on a different blockchain. Ravencoin provides a proof-of-work algorithm that miners Ethereum miners can enjoy, since the merge switch Ethereum over to a proof-of-stake algorithm. 

In addition to this, Ravencoin has lower transaction fees, which can be a significant advantage for businesses or organizations that need to process a large number of transactions. This is because Ravencoin has a simpler design that uses less computational power to process transactions making it ideal for use. 

2: Good for the Long Run

Getting in on a new crypto early is one of the best ways to make money in the long run, and since Ravencoin just experienced its first halving just over a year ago. The next halving is expected to take place in 2026, so now is the perfect time to get in on some of the action before it gets more difficult to mine. 

 

3: Strong Community

Ravencoin has a strong community of developers and enthusiasts who are passionate about the project. This community is focused on building a platform that is easy to use and accessible to everyone. Ravencoin was specifically designed for asset tokenization, which is the process of representing real-world assets (such as real estate or commodities) as digital tokens on a blockchain. Ravencoin's focus on asset tokenization means that it may be a better choice for businesses or organizations that want to use blockchain technology to manage and track assets.

 

Leave a comment down below on why you are or aren't excited about Raven in 2023, and don't forget to follow the blog and leave a tip

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nick_84
nick_84

Im Nick. I like crypto. Currently mining for Ravencoin!


The Ravens Nest
The Ravens Nest

Crypto blog focused mainly on Ravencoin, and whatever else I find interesting.

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