Since its inception, the cryptocurrency industry has seen nothing but growth. With the rising popularity and value of cryptocurrencies comes the need of knowing which coins to invest in. Even the most pessimistic cryptocurrency investors are getting in on the action because cryptocurrency has such tremendous profit potential.

It’s been projected that Flasko (FLSK) would be the finest cryptocurrency to buy in by 2022, but this year you also have the chance to invest in Ravencoin (RVN) and Shiba Inu (SHIB), let’s check out which is the best investment.

Price of Ravencoin (RVN) remains unfavorable despite the addition of new miners

Ravencoin (RVN) is among the most established cryptocurrencies. Professionals have recommended this currency as a good one to mine. Ravencoin’s (RVN) pricing belies its potential as a proof-of-work (PoW) blockchain alternative. From its all-time high of $0.29 per Ravencoin (RVN) in February of 2021, Ravencoin (RVN) has since dropped to its current price of $0.034. Despite its merits as a project, Ravencoin (RVN) has not achieved the same level of notoriety as other big PoW blockchains. Which is why Ravencoin (RVN) investors are shifting to Flasko.

Avoid the Shiba Inu (SHIB) For 2022

Shiba Inu (SHIB) and other so-called “meme coins” have a negative connotation due to the widespread belief that they are nothing more than “insider terms” or humorous tokens with no practical value. Meme currencies like Shiba Inu (SHIB) rely heavily on marketing and publicity to maintain their perceived worth. Once the euphoria around Shiba Inu (SHIB) died down in light of the adverse market circumstances, the token price took a nosedive, and it is presently trading at 87% below its ATH.

Meme currencies, such as Shiba Inu (SHIB), are dangerous long-term investments since they are neither useful in the actual world nor backed by anything of value. That’s why Shiba Inu (SHIB) and meme currencies of its ilk have started going away to initiatives like Flasko.

Presale Flasko (FLSK) Is Gaining Popularity

Introducing Flasko: The unique upcoming crypto platform which has taken NFT investing to the next level! With Flasko, you will be able to invest in expensive wines, champagnes and whiskeys as fractionalized NFTs!

Now that the Flasko tokens’ smart contract has passed the Solid Proof audit, investors have a more positive outlook on the future of the project. After the presale ends, Flasko will develop into a robust cryptocurrency platform, as was revealed with a 33-year lock on liquidity.

The current Flasko presale will be favorable to early investors. Experts predict that the price of cryptocurrencies will peak at $6.5 by 2023. In our opinion, it is wise to make the buy now while the token costs just $0.05. By clicking on the links below, you will be able to participate in the Flasko presale.

Website: https://flasko.io

Presale: https://presale.flasko.io

Telegram: https://t.me/flaskoio

Twitter: https://twitter.com/flasko_io

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Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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Ravencoin is up by 9% in the last 24 hours, making it the best performer amongst the top 100 cryptocurrencies by market cap.

RVN, the native token of the Ravencoin blockchain, is the best performer amongst the top 100 cryptocurrencies in the last 24 hours. It has added 9% to its value so far today, outperforming the broader market in the process. 

The cryptocurrency market is starting the week in a positive fashion, with the market up by less than 1% over the last 24 hours. The total crypto market cap remains below $1 trillion, despite today’s positive performance.

Bitcoin is still trading below $20k after losing more than 1% of its value in the last seven days. The leading cryptocurrency is still trading in the red zone today. Ether has maintained its position above $1,500 and is up by less than 1% on Monday.

Ravencoin’s positive performance comes after a cold storage wallet was revealed for the RVN coin. The Ice Wallet Storage will soon launch and will support the RVN coin.

Cold storage hardware wallet coming soon only to Ravencoin $RVN.
Designed for Ravencoin & Ravencoin Assets. i#
This is a huge deal for Ravencoin.
It’s a freaking hardware wallet man! @IceWalletCold https://t.co/jbwQHwShTc pic.twitter.com/etUz6N2kjf

— Leon Ravencoin 🅁🅅🄽 ₿ (@leon_texas) September 4, 2022

Key levels to watch

The RVN/USDT 4-hour chart is positive, as Ravencoin has been performing well over the past 24 hours. The technical indicators show that RVN is outperforming the broader cryptocurrency market.

The MACD line is within the positive region, indicating bullish momentum for Ravencoin. The bullish momentum comes as the broader market is recovering from its recent bearish slump.

The 14-day relative strength index of 61 shows that RVN could enter the overbought region if the rally can be maintained.

At press time, RVN is trading at $0.03203 per coin. If the bullish momentum persists, RVN could surge past the $0.035722 resistance level before the end of the day. However, it would need the support of the broader crypto market to cross the $0.040577 resistance level in the short term.

The bears might regain control of the market and push RVN below the $0.028675 support level. However, RVN should comfortably defend its position above the $0.024799 support level in the near term.

The Ravencoin price went parabolic on Friday as investors cheer the soaring cryptocurrency prices. The RVN token rose to a high of $0.042, which was about 152% above the lowest level this year. Its total market cap has risen to over $469 million, making it the 100th biggest cryptocurrency in the world. 

Why is RVN soaring? 

Ravencoin is a top 100 cryptocurrency that has a unique angle. It is a Bitcoin crone that seeks to solve some of its biggest challenges. It was created using the original BTC code. 

Ravencoin handles the challenges that Bitcoin has experienced in the past decade. For example, it is a highly faster cryptocurrency than BTC since it has a block reward time of 1 minute. Bitcoin has a block time of over 10 minutes. 

Further, while Bitcoin has a maximum supply limit of 21 million, Ravencoin has over 11 billion, making it more affordable than BTC. The cost of Ravencoin transactions is significantly lower than that of Bitcoin. 

Ravencoin price is rising simply because other cryptocurrency prices are rising as well. For example, BTC has risen to $23,970 and there is a possibility it will rise to over $25,000 in the next few days. The total market cap of all cryptocurrencies has jumped to over $1.14 trillion. 

This performance is mostly because analysts believe that the Federal Reserve will slow interest rate hikes in the coming months because the country has moved to a recession. Data published on Thursday revealed that the country’s economy contracted by 0.9% in the second quarter after falling by 1.6% in Q1. 

Further, the RVN price is rising as investors price in a situation that cryptocurrency prices have bottomed. 

Ravencoin price prediction 

The four-hour chart shows that the RVN price has continued rising in the past few days. It has jumped to the highest level since May this year. At the same time, Ravencoin has jumped above the 25-day and 50-day moving averages while the Relative Strength Index has moved above the overbought level. 

Therefore, the coin will likely continue rising as bulls target the next key resistance level at $0.050. A drop below the support level at $0.035 will invalidate the bullish view. 

Ravencoin (RVN) is right now one of the best performing coins in the market. The token is up 20% over the last week. These gains would be even higher were it not for today’s broader crypto pullback that saw RVN lose over 10% in 24 hours. So, what is Ravencoin (RVN), and should you even consider it? The analysis is below but first, some highlights:

• This week’s gains have helped Ravencoin (RVN) surge past its December lows by nearly 80%.

• At press time, the token was down 10% in 24-hour intraday trading but is still 20% up over the last 7 days.

• Despite this positive momentum, Ravencoin (RVN) still remains 62% from all-time highs in 2021.

Data source: Tradingview.com 

Ravencoin (RVN) – Price analysis and prediction

Ravencoin (RVN) was launched 4 years ago. During this period, the token has reported significant growth. The recent 7-day surge suggests that perhaps there is way more to come from Ravencoin (RVN). 

Besides, at the time of writing, the coin had a market cap of around $1.2 billion, an indication that there is still enough upside to unlock more value in the long term. Right now, the coin is also above its 25- and 50-day moving average. 

Despite the 10% 24 hour pull back, Ravencoin (RVN) is still above its resistance level of $0.115. We expect the token to trade above this threshold as long as sentiment in the broader crypto doesn’t deteriorate further.

Why you should buy Ravencoin (RVN)

Ravencoin (RVN) is built on a fork of the Bitcoin code. It is designed to be a peer-to-peer blockchain network that facilitates the transfer of crypto assets in the most efficient and less costly way. So far, the project has earned the trust of many investors. Although it is not really the most promising blockchain project today, it could still offer decent returns for long-term plays.