#PR:As Bitcoin and other coins slowly recover, Ravendex has a blast with its NFT sales

02 Feb, 2022 Updated 05 Jul, 2022

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Expertise : Web3 Projects, ICOs, DeFi, and NFTs.

A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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The cryptocurrency market surged marginally on Sunday as traders saw some value at lower levels. The market capitalization of the entire industry increased by 1.55 percent to $1.73 trillion.

Bitcoin, the world’s largest cryptocurrency, was trading at around $38,800 at writing. It has slipped more than 20 percent year to date (YTD). It is currently trading at approximately 50 percent low from its all-time high of $69,000 in November.

As the crypto market continues to rise, plunge and rise again, Ravendexs’ NFT sales have seen a consistent rise in demand. Ravendex is a Cardano-based decentralized exchange that allows crypto investors to stake on any native Cardano (ADA) token. It is also the first exchange to utilize the Alonzo Hard Fork update on the Cardano Ecosystem. It smart contracts to deposit assets and collect interest as per rules.

They launched the $RAVE token, which is supposed to be utilized on Ravendex DEX. Investors can use the $RAVE token to stake as well as save it on any Cardano-supported wallets. The public sale of the token was a hit. The $RAVE tokens are now also available to buy on Bitmart.

Now Ravendex has advanced further by launching its NFT project. Its sale is currently live on their NFT minting page. You can buy a single $RAVE NFT for as low as 50 ADA.

Unlike many other projects, ten thousand uniquely pixelated $Rave NFTs will have real utility in the Ravendex ecosystem. Staking tokens will be one of the highlighting features of this NFT project. Holders can stake $RAVE NFTs to endorse a project launching through their IDO. They can also list & sell their assets on other marketplaces.

15% of the 10,000 NFTs have already been sold. Go grab your opportunity now!

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.