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 Ravencoin price prediction lets explore the market dynamics first.

Ravencoin Overview

Cryptocurrency Ravencoin
Ticker Symbol RVN
Price $0.02129
Price Change 24H +4.34%
Price Change 7D +2.37%
Market Cap $314,489,936
Circulating Supply 10,473,290,000 RVN
Trading Volume $14,608,996
All Time High $0.2854
All Time Low $0.008794
Ravencoin ROI +13.33%

Exploring the immense benefits of Proof-of-Work blockchain, mining algorithm called KAWPOW, which replaced X16R and X16RV2 on May 6, 2020, not only does this ensure security it is designed to be ASIC resistant, but also this blockchain platform went to be the pioneer positioning itself as an alternative to other esteemed digital assets like Ethereum, Bitcoin, Stellar to name a few. It was led by the 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.

Ravencoin (RVN): Redefining the Crypto Trends

As a 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 the transfer of tokens has been possible, which belong to the ongoing asset categories in the market, including securities, collectibles, gold, event tickets, or 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. Other modifications also involve one-minute block times, a modified issuance schedule, a block reward of 5,000 RVN, Ravencoin’s cryptocurrency, and a maximum supply of 21 billion RVN. Offering more security through its network, Ravencoin uses the Proof-of-Work consensus mechanism.

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 increase in activity on the platform has significantly helped the token gain its price on the crypto exchange. Even though a recent and naïve entrant in the crypto community, Ravencoin aims to give a tough challenge to its competition.

The platform Ravencoin 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 (RVN): Historical Voyage

Ravencoin cryptocurrency has made it a frontrunner in next-gen solutions. This avant-garde technology has become successful in breaking free from the conventional methodologies of transaction in the market. Ravencoin native currency RVN that is traded on various exchanges by millions of users worldwide 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 RVN Token has shown a significant price increase. Recently, the Ravencoin RVN has registered an all-time high at $0.2854.

However, after that, the Ravencoin price faced moderate momentum, and currently, it trades around $0.066. A frequently and keenly observed trait of RVN price in the cryptocurrency market is that it has shown the most erratic and fluctuating behavior. Showing optimum bullish trends, it surprises with downward bear pinning down movement. As a naïve entrant, this crypto asset is yet to gain traction of investors as the market shows uncertainty towards its inherent potential.

Ravencoin Price Prediction: Market Sentiment

The current price of Ravencoin stands at $0.066 with a Ravencoin coin market cap of $698,242,756 and a 24 hours trading volume of $30,757,628. The circulating supply of Ravencoin in the market is 10,473,290,000 RVN. Even though it is a late entrant in the market, it has a crypto asset nomenclature. The following price prediction for Ravencoin by experts are quite optimistic:

Based on our Ravencoin price prediction 2022, a long-term increase is expected, the RVN coin price prediction for 2027 is $0.4. With a 5-year investment, the revenue is expected to be around +498.8%.
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 $0.0912 by the end of 2022. On account of our RVN price prediction 2022, 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. 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 2022, 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 $0.826, proving a good long-term investment asset.
GOV Capital

The future price of Ravencoin is forecasted to reach $0.080 by the beginning of December 2022. The expected ceiling price is $0.1024; the floor price is around its support level of $0.0696. The average Ravencoin price prediction 2022 is $0.0819.
TradingBeasts

Ravencoin (RVN) to USD predictions. At the start of December 2022, the RVN price will be around $0.0824. A Maximum price of $0.0873, the minimum price is $0.0783 for December 2022. The average RVN price for December 2022 is $0.0828. CoinSkid

As per the latest industry news, technical analysis, and RVN crypto price prediction, the Ravencoin might reach the highest price of $1.252, and by 2023, the trading price of RVN might touch $2.648 soon.Reddit Community

Ravencoin (RVN) Price Prediction: 2022-2026

A deep penetration into the facts and figures of Ravencoin RVN has an altogether different story to reveal. Despite having big future potential and promises of optimistic trading, the coin has many reasons to work harder to match up to its size vis-à-vis its competitors. According to our cryptocurrency forecast, the technical rejig could also be required to bring back the price sheen for the cryptocurrencies like Ravencoin.

A lot of revamping is needed by the developers 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 through 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 keep the nascent features of Ravencoin being easy to store and technological advancement of distributed web usage for scalability and storage, this might drive Ravencoin’s financial growth and increase its price significantly by the end of 2022.