Bitcoin, the largest cryptocurrency by market cap, has shown great strength given the current geopolitical and economic situation. Bitcoin is currently showing an uptrend on the daily chart for a week, where it stands at $40,878.90 (at the time of writing).
At the point when Russian forces invaded Ukraine last month, the whole world was stunned and anticipated that the markets would crash, yet the crypto market stood stronger than at any other time. Cryptos have turned into the guide of light, driving us to an alternative financial framework.
This is astonishing in light of the fact that cryptocurrency and DEX platforms, such as Ravendex, are turning into a more standard piece of the worldwide financial framework. Ravendex is a Cardano-based decentralized exchange (DEX) that allows cryptocurrency participants and investors to offer capital reserves on any native Cardano (ADA) token and create a market pair for someone else to swap the native tokens while utilizing the Cardano blockchain’s safety and low fees.
It is one of the first decentralized exchanges created on the Cardano blockchain. It is also the first exchange to utilize the Alonzo Hard Fork update on the Cardano Ecosystem. It uses smart contracts to deposit assets and collect interest as per rules.
Since last year, the startup has been on a mission to assemble a scalable, robust, and most secured DEX on the Cardano blockchain. This exchange will empower Cardano-based token holders to trade with a delegate.
Ravendex had at first launched their $RAVE token on their DEX, where it saw a marvelous public/seed sale. It has different use cases like voting powers on specific propositions concerning the governance, which influence the Ravendex ecosystem and offers an attractive APR of 15%.
The coin is now available to view on CoinMarketCap, its second listing in 2022. One should look for such upcoming startups to invest in after proper due diligence as it is evident that the future will harness this technology which has shown potential time after time.
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