This is The Weekly Coin, a weekly newsletter highlighting high potential lower cap Cryptocurrency projects.
It's no surprise that Ravencoin is the first cryptocurrency I'd pick, it's a coin that many people have been raving about. See what I did there? In all seriousness Ravencoin is a cryptocurrency that does one thing and does it well.
Ravencoin (RVN) is an open source, fairly mined proof of work (POW) project focused on enabling users to issue assets and securities on a secure and decentralized blockchain. Cypher punk philosophy. No ICO. No pre-mine. No masternodes. (r/Ravencoin)
To put it simply Ravencoin focuses solely on the creation and transfer of peer-to-peer assets. More on that here. Ravencoin is decentralized there is no owner or CEO, their Github is very active and the core team is funded by Medici Ventures which is a subsidiary of Overstock.com.
CoinMarketCap Rank: 43
Current Price: $0.027140
Market Cap: $150,117,971
Max Supply: 21,000,000,000 RVN
Development Frequency*: Very Active averaging 1000 commits a year. Currently 5 issues are open and 586 issues are closed.
If Bitcoin is for money Ravencoin is for tokenizing assets. Many coins tout getting it right but it seems as though Ravencoin has gotten it right. I'll be watching Ravencoin and I'm very interested in what they bring to the table.
I am not invested in Ravencoin.
*Important to note that many Cyptocurrency projects have hidden repositories or do not store their work on Github.
Disclaimer: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades.