The cryptocurrency market is witnessing some rough weather for the past few months, with most cryptocurrencies seeing the downside. However, in spite of this, a few tokens are withstanding the market conditions and have managed to rough it out. Some of these tokens include Reddcoin (RDD), Electroneum (ETN) and Ravencoin (RVN). These coins are catching the eye of a number of investors. Many crypto experts believe that investments in these tokens will be beneficial and produce higher yields. The reasons for the same can be explained as follows:
Firstly, on a positive note, the Reddcoin has fought its way through some stormy market conditions and has proved itself to be a worthy investment avenue, thus making a huge come back after seeing itself on the downside for quite a while.
The Reddcoin has come through with many developments, some of which include an upgraded software, and the launch of a new wallet. Many reports suggest that Reddcoin is exploring the possibility of introducing ‘Peer – to – Peer’ transactions which would be sealed by mainstream payments. Their promoters of the Crypto token have an aim and objective of making their token, i.e., the Reddcoin accessible to everyone, so as to enable the token to achieve a No. 1 position among all its competitors in the market.
Reddcoin’s objective of bagging the No. 1 position is very evident from the partnership it has entered into with HODL Finance which is a peer-to-peer lending platform. This partnership will provide Reddcoin users with many benefits, the main benefit being access to fiat loans. And not just this, the Reddcoin users can access these fiat loans without having RDD tokens as collateral.
The Reddcoin without a doubt has suffered due to market volatility and has experienced the downside, but many crypto dealers and market experts are confident about the token and are positive that the token will once again see the bright side in the market.
Another well-performing token is Electroneum (ETN) which happens to be the 60th largest crypto asset when ranked by market capitalization. The Electroneum has consistently been in green across exchanges. A number of news reports suggest that the Electroneum is the third highest gainer as compared to the other top 60 tokens. This not only added 8.2 percent to its value against the US Dollar but has also outperformed the Bitcoin by approximately 7.5 percent.
Recent reports indicate a climb in Electroneum prices. Market analysts are positive about the token, and many predict that the token is not showing any signs of falling.
Ravencoin which reportedly has about $31 million market capitalization, is another coin investors must consider. The reason for the tokens excellent performance is not very clear, but the fact that it is performing well, is a sufficient reason why people should consider investing in it.