The fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to 100MM by Makara and GSR. Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between at the 50% retrace and cloud support of 610 Sats can take the price all the way to 1430 Sats. Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures operations could trigger the next surge in price.
The hash power on the Ravencoin network has risen meantime by 100%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
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