is Ravencoin (RVN) worth investing? know Ravencoin Price Prediction till 2026
Ravencoin is a digital peer-to-peer network that aims to implement a use case-specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another.
In this article, we will importance of Ravencoin and do Ravencoin price prediction for the next five years.
Built on a fork of the Bitcoin code, Ravencoin was launched on January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community.
Launched on January 3rd, 2018, the ninth anniversary of bitcoin’s launch, Ravencoin is an open-source project designed to enable instant payments to anyone around the world. The aim of the project is to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another.
A fork of the bitcoin code, Ravencoin features four key changes:
- The issuance schedule (block reward of 2,500 RVN)
- Block time (1 minute)
- Coin supply (21 Billion)
- Mining algorithm (KAWPOW formerly X16R and X16RV2 respectively)
Unique characteristics of Ravencoin
- ASIC resistant – Uses the KAWPOW hashing algorithm to discourage the development of ASIC hardware
- Fair launch – Everyone has an equal opportunity to mine or purchase RVN from day one.
- No pre-mine, no ICO, and no coins held for developer or founders rewards.
- Community Driven, and True Open Source
Overview of Ravencoin
Ravencoin (RVN) is the native coin of the Ravencoin blockchain. This blockchain, which is based on the Bitcoin code, allows people to create their own tokens.
As the coin’s white paper, Ravencoin: A Peer-to-Peer Electronic System for the Creation and Transfer of Assets, explains: “Ravencoin is designed to efficiently handle one specific function well: the transfer of assets from one party to another.
It trades commonly against USD and BTC on cryptocurrency exchanges and cryptocurrency trading platforms.
The live Ravencoin price today is $0.039595 USD with a 24-hour trading volume of $87,637,396 USD. Ravencoin is up 5.21% in the last 24 hours. The current CoinMarketCap ranking is #102, with a live market cap of $414,693,853 USD. It has a circulating supply of 10,473,290,000 RVN coins and a max. supply of 21,000,000,000 RVN coins.
Ravencoin is a hard fork of the Bitcoin blockchain and uses a similar UTXO model. It has one of the better fork price predictions compared to assets like Bitcoin Cash, Bitcoin SV, and others. It differs in the total maximum Ravencoin supply of 21 billion versus 21 million BTC, a faster block generation time of just one-tenth of Bitcoin’s, and uses a different mining algorithm to prevent ASIC mining.
About RVN token
As a fork of the Bitcoin code, Ravencoin also incorporates its profitable characteristics, including the ability to trade in different digital currencies for the benefit of the entire trading community.
One-minute block intervals, a modified issuance schedule, a 5,000 RVN block reward, Ravencoin’s cryptocurrency, and a 21 billion RVN maximum supply are among the further changes. Ravencoin makes use of the Proof-of-Work consensus algorithm to increase network security.
All time high price is $0.29 and the all-time low price is $0.01.
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.
Let us now check the Ravencoin price prediction for the next five years.
Ravencoin Price Prediction 2022
According to the technical analysis of Ravencoin price prediction is expected in 2022 as the minimum cost of Ravencoin will be $0.042. The maximum level that the RVN price can reach is $0.047. The average trading price is expected around $0.044.
Ravencoin Price Prediction 2023
After the analysis of the prices of Ravencoin in previous years, it is assumed that in 2023, the minimum price of Ravencoin will be around $0.064. The maximum expected RVN price may be around $0.076. On average, the trading price might be $0.066 in 2023.
Ravencoin Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Ravencoin, in 2024, RVN is expected to have the following minimum and maximum prices: about $0.097 and $0.11, respectively. The average expected trading cost is $0.100.
Ravencoin Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Ravencoin and their fluctuations during the previous years. It is assumed that in 2025, the minimum RVN price might drop to $0.14, while its maximum can reach $0.17. On average, the trading cost will be around $0.15.
Ravencoin Price Prediction 2026
Based on the analysis of the costs of Ravencoin by crypto experts, the following maximum and minimum RVN prices are expected in 2026: $0.25 and $0.20. On average, it will be traded at $0.20.
This Ravencoin price prediction is done under the current market trend and technical analysis.
Note: Ravencoin price prediction is not 100% correct as no prediction is always correct, it is just an assumption.
Summary of Ravencoin Price prediction
In conclusion, Ravencoin is a digital asset that has a lot of potentials. It is currently undervalued and is expected to increase in value in the future. Investing in Ravencoin now may be a good idea as it is expected to increase in price.
Ravencoin price prediction for this year is $0.05. This is based on the current market trend and the potential of the coin. However, this is just a prediction and it is not guaranteed. So, invest at your own risk.
Where to buy and sell Ravencoin?
There’s An Overview Of The Exchanges Available To You And A Buying Guide To Help You Along. The Top Crypto Exchanges For Trading In Ravencoin Are Currently Binance, Huobi Global, OKEx, ZG.Com, And VCC Exchange. You Can Compare The Prices On Exchange And Decide Based On Your Own Research And Study Of Price Predictions Before You Buy And Sell In The Crypto Market.
Is it profitable to invest in Ravencoin?
In accordance to various Ravencoin predictions by experts, the future price of the RVN can reach $0.16 by 2025, rising 142% from the current price. On a bullish note, the price prognosis reveals the expected ROI to be around 650% in 2030. Thus, Making the investment in Ravencoin cryptocurrency undoubtedly profitable.
Where to buy and sell Ravencoin?
There’s an overview of the exchanges available to you and a buying guide to help you along. The top crypto exchanges for trading in Ravencoin are currently Binance, Huobi Global, OKEx, ZG.com, and VCC Exchange. You can compare the prices on exchange and decide based on your own research and study of price predictions before you buy and sell in the crypto market.