Ravencoin Price Prediction

The Overview of Ravencoin

Even though quite inspired by Bitcoin, businessmen Bruce Fenton, Joel Weight, and Developer Tron Black had different ideas for coining Ravencoin in 2018. The expert software developer team of Ravencoin did not intend to sell tokens to the public initially. However, while launching this digital peer-to-peer network, they got enormous subsidies from Overstock.com Medici Ventures. Before reading our Ravencoin price prediction, let’s explore the market dynamics first.

Exploring the immense benefits of the Proof-of-Work blockchain, a mining algorithm called KAWPOW replaced X16R and X16RV2 on May 6, 2020. Not only does this ensure security, but it is designed to be ASIC-resistant, but also; this blockchain platform went on to be the pioneer, positioning itself as an alternative to other esteemed digital assets like Ethereum, Bitcoin, and Stellar, to name a few. It was led by core crypto enthusiasts like Bruce Fenton and others.Facilitating the issuance of tokens for various purposes, including representing real-world assets and NFTs, Ravencoin may have taken a small step towards developing customer-friendly solutions. Still, it has proved a giant leap for the entire DeFi eco-space.

Is Ravencoin A Safe Investment After Ethereum Merge?

Since the completion of Ethereum Merge, Ravencoin has been viewed as a potential winner. The RVN token’s price has surged significantly this month. But why is Ravencoin suddenly going up?

Why is Ravencoin Going Up?

One of the biggest reasons is that Ravencoin is a fork of the crypto king, that is, the Bitcoin (BTC) network. RVN is specifically designed to aid the development and transfer of digital assets between two parties. BTC’s PoW consensus mechanism technically powers RVN. Miners who believe that Ravencoin will see a price rise will migrate to the network to keep earning fair compensation for their invested resources and hard work.

Not just that, since Ethereum mining is now obsolete, they are looking for alternatives, and a lot of them are considering Ravencoin. It is because the Ravencoin network has a lot of use cases, such as substantially lower costs and faster speeds. Thus, RVN has rallied after the increased mining activity.

Ravencoin (RVN): Historical Voyage

Ravencoin cryptocurrency has become successful in breaking free from the conventional methodologies of transactions in the cryptocurrency market. Ravencoin’s native currency, RVN, is traded on various exchanges by millions of users worldwide and is yet to position itself in the mainframe of investment-worthy currencies.

The inertia that initially played for the Ravencoin (RVN) token is no longer there as the token has gained customer trust, bringing profit for investors and traders. Over the past few months, the price of Ravencoin (RVN) tokens had shown a significant price increase but later became a victim to profit selling when the price reached $0.07396, and currently, it trades at around $0.03493.

Ravencoin (RVN) Price Prediction: 2023-2030

Cryptocurrency forecast is not an easy task; so much uncertainty and volatility. This makes the forecast process challenging. However, this is where technical analysis comes into the picture for crypto assets. The more research and analysis, the lesser your chances of losing money rapidly.

Looking at the Ravencoin network, a lot of revamping is needed to show more agility in making radical changes to the fundamentals of this open-source project. This could help push the RVN price to the peak though the coin did not outperform during the last year; most of the competitors of Ravencoin, too, did not mesmerize the traders either.
To be in tandem with optimistic evangelists and the features of Ravencoin being easy to store and technological advancement of distributed web usage for scalability and storage might drive Ravencoin’s financial growth and increase its price significantly by the end of 2025.

2020 might have seen the RVN price hovering around its crucial support level of $0.020. Later, it boosted the market sentiment phenomenon drastically from the beginning of 2021. Ravencoin kept its momentum onward for that year but could not keep the same for the year 2022.

As per the technical analysis and short-term projection, the coin is currently going through a downward momentum. But for the long term, you can explore our Ravencoin price prediction to have an idea about the future of RVN coins.

Ravencoin Price Prediction: Market Sentiment

The current price of Ravencoin stands at $0.02989, with a market cap of $362,937,747, a fully diluted market cap of $625,881,561, and a 24 hours trading volume of $28,952,676. The circulating supply of Ravencoin in the market is 12,145,804,020 RVN. Even though it is a late entrant in the market, it has a crypto asset nomenclature. The following Ravencoin price prediction by experts are quite optimistic:

Based on our Ravencoin price prediction, a price fall is expected. The same is to be continued in the next year as well; the RVN coin price prediction for 2024 indicates that the price may be $0.00369.
Wallet Investor

The price of Ravencoin seems to be showing a positive price trend. It may offer considerable returns to its investors by reaching around $0.0654 by the end of 2023. The RVN price prediction indicates it is the best time to buy Ravencoin at the lowest price going by the trend.
Digital Coin Price

Ravencoin price is expected to rally further towards the next target at $0.3 by 2024. However, the price may continue to consolidate for an extended period before making another attempt to hit the new upper targets.
CoinPedia

Based on our Ravencoin price prediction, the RVN crypto has a promising future with a robust market cap. The coin may get marginally impacted, but bulls will be back, and over the next 5 years, the price of RVN may be $0.481, proving a good long-term investment asset.
GOV Capital

Ravencoin is predicted to start in March 2023 at $0.0473 and finish the month at $0.0398. During March, the maximum forecasted RVN price is $0.047904531760633 and the minimum price is $0.0325.
CryptoPredictions

In December 2023, the maximum price of RVN will be around $0.0479952, and the minimum price is $0.04099. The average RVN price for December is expected to be around $0.04199.
Changelly

Ravencoin (RVN): Redefining the Crypto Trends

As software, Ravencoin aspired to be the trendsetter in allowing users to create a new class of crypto assets. The token name is borrowed from the fictional world of Game of Thrones. Not only creation but RVN is also used to transfer digital assets, which belong to the ongoing asset categories in the market, including securities, collectibles, gold, event tickets, and even airline miles.

As a fork of the Bitcoin codebase, Ravencoin has also incorporated the lucrative features of Bitcoin, including giving the entire trading community the benefit of trading in multiple digital coins. Offering more security through its network, Ravencoin uses the Proof-of-Work consensus mechanism. Other modifications include:

• One-minute block times.
• A modified issuance schedule.
• A block reward of 5,000 RVN.
• Ravencoin’s cryptocurrency.
• A maximum supply of 21 billion RVN.

All esteemed platforms utilizing the Ravencoin platform are the ultimate beneficiaries of this prestigious tokenized asset transfer of Ravencoin. Not only in terms of functionality but also the release of the Ravencoin Mainnet and increased activity on the platform have significantly helped the token gain its price on the crypto exchange. Ravencoin aims to give a tough challenge to its competition in the crypto community.

Ravencoin blockchain has a robust community backing from one of the most respected names in online retail and is fully poised for growth, even though gradual but steady. The platform is open-source and managed by community-led nodes of the crypto space.

Ravencoin Price Predictions: Our Verdict

Ravencoin price analysis suggests the RVN will hit the $0.05 mark within a year’s time and further rise to $0.0715 in 2023. The RVN projection for the future anticipates a bull run reaching a higher price level of $0.0899 by 2024, and the minimum price drop is estimated to hit a $0.0709 low by the year-end.

So is Ravencoin a good investment? Definitely Yes! On a bullish note, our experts believe the price prognosis might reach a $0.20 high in five years. Based on our RVN price forecast, the price is expected to increase to $0.38 in 2030, rising by 1167.9% from the current price. Continuous upgradation of the Ravencoin blockchain will eventually aid the price rally.

The historical performance does not guarantee the future earning potential of the coin. These predictions are only for information purposes, not investment advice. You must perform your own research before you buy Ravencoin.

Frequently Asked Questions

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