Before we dive into the meat of the article which is the Ravencoin price prediction, let's talk a bit about price prediction itself for a bit. Price prediction is a strategy that has been in existence for a long time. To get a competitive edge, traders have to be able to predict the future of commodities.
Prediction cuts across all industries. Let’s say you want to buy a house; you should be able to predict the future value of the house based on visible or invisible factors just in case you aim to sell it in the future. Now, how does price prediction apply to cryptocurrencies? The successful prediction of a coin's price can help a trader make a profit and avoid loss. The culture of price prediction is popular in the crypto sphere.
This guide, however, will be looking into Ravencoin, and through technical analysis as well as various predictions from experts, we will be able to predict the future price trend of Ravencoin. Ravencoin price prediction is easier than on other cryptocurrencies because the coin has a lot of potential compared to coins like Bitcoin Cash, which makes it interesting to invest in.
Ravencoin Historical Price Analysis
Ravencoin was launched after the crypto boom of 2017, and its price has stayed almost stable since its launch. At its launch on 3rd January 2018, Ravencoin opened with $0.0264990 and hit a high of $0.0287720 while its low was at $0.0260630. By the close of the day, the price of Ravencoin was at $0.0286180.
By the 3rd January 2019, a year later, Ravencoin was trading at $0.0139199 with its high at $0.0139285 and its low at $0.0131056, finally closing at $0.0131151 and a market cap of $33,026,641.98.
Current Price, Market Cap, & Supply Details
As of the time of writing, the price of Ravencoin was $0.01382931. The coin is also ranked #98 on the market cap rank and a market cap of $96,339,900.
Ravencoin (RVN) Future Price Forecast Predictions
There is widespread speculation on the price of Ravencoin. Not only is it a hard fork of bitcoin and built on the bitcoin blockchain. By looking at the coin’s potential, some experts have made Ravencoin price predictions. For Wallet Investor, they see the coin reaching a high of $0.05041. On the other hand, Crypto Info base takes a less conservative approach and predicted that by the winter of 2020, Ravencoin’s price might reach $0.14.
Not as optimistic as the others, Coin Predictor thinks that by Q4, Ravencoin might get slightly higher up to $0.007471 and still grow further before the end of the year 2020. After an analysis of the Ravencoin roadmap, Coinswitch believes that Ravencoin will reach $0.02797 in 2020.
Experts are not the only ones dropping their opinion on the future of Ravencoin. Some Twitter users have dropped their opinion on the future of Ravencoin. One Twitter user predicted that the price of the coin would hit a minimum of $0.0152024 and a maximum of $0.0223682 USD before the end of 2020.
Short Term Forecast
Long Term Forecast
*This price prediction is based on the data collected from various sources meant strictly for educational purposes only and should not be taken as investment advice. Users should do their own research before investing.
Ravencoin Price Prediction 2021
After careful analysis of the crypto market bullish and market resistance conditions. With more innovation and community growth, RVN price can reach $0.31-$0.63 by the end of 2021. This price might not be as impressive as we want. It is still a long shot from the last all-time low of $0.00893232 on March 13, 2020.
Ravencoin Price Prediction 2022
Ravencoin's price will definitely not remain fixed. It may probably move in the opposite direction or according to the dictates of the market. However, we predict that the RVN price will tilt towards the price movements of the general market. We expect to see more bulls with an occasional show-up of the bears. The price of RVN may reach $0.0306955 by the end of the year 2022.
Ravencoin Price Prediction 2025
It can be quite challenging to make long-term predictions of the crypto market. This is because the world in itself is unpredictable. However, RVN can represent real-world assets and therefore stands the chance of seeing real growth. The value of RVN can rise to $0.11411 if there are continuous innovation and growth.
Best Place to Buy or Exchange Ravencoin
Best Wallets to Hold Ravencoin
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Is Ravencoin a Good Investment?
For potential investors seeking to invest in RVN, it is a good investment. Its current price is $0.01329423, and by the end of the year 2020, the price of the coin is expected to hit $0.0223682. Besides its price, Ravencoin has the ability to be used as a real-world asset. Its holders can register online assets or real-world goods using RVN. There is also the fact that it uses a PoS ASIC-less algorithm, which is a bonus.
How to Buy Ravencoin?
You get Ravencoin in three ways: purchasing from an exchange, peer-to-peer exchange, and mining. Ravencoin is listed on Binance, Huobi Global, OKEx, LATOKEN, DigiFinex, amongst others. You get Ravencoin on these exchanges and exchange your BTC for RVN.
You can also get RVN through a peer-to-peer exchange with a friend exchanging your USD for RVN. The third option involved mining and getting rewarded in RVN. Remember that Ravencoin is ASIC resistant, and you can join their mining pools on the Ravencoin website.
You can decide to hold your RVN on Ravencoin's wallet, which is available for Android, iOS, Windows, Mac, and Linux. You can also use third-party more secure wallets such as Trezor, Ledger, Edge, DCENT, Flare, Dove, and Guarda to hold your RVN.
More Information About Ravencoin
What is Ravencoin?
Launched on January 3rd, 2018, Ravencoin is a hard fork of the Bitcoin blockchain. The coin is an open-source project designed to help users create and transfer assets easily peer-to-peer. Since it doesn’t have a well-defined development team, it is led by core developers of the Bitcoin Foundation.
Ravencoin is traded with the RVN ticker symbol, and its most common pair on crypto exchanges are USD and BTC. Ravencoin has a lot of potential for a price increase. For instance, unlike other blockchains that transfer assets slowly, Ravencoin allows the ease of peer-to-peer transfer of assets.
Ravencoin has a total supply of 21 billion and does not use ASIC mining but the X16R algorithm. It uses a different algorithm, and to create a new token, you have to burn some tokens and provide a unique token name. Also, there is a mining reward that begins at 5,000 RVN, unlike Bitcoin, which started at 50 BTC.
It also has a UTXO model similar to the bitcoin blockchain model and has a block time of one minute, one-tenth of Bitcoin’s.
Ravencoin is a hard fork of Bitcoin and the brain behind the project blockchain adviser Bruce Fenton and Tron Black. These men have a background in finances as Fenton worked in the past as an adviser to the Bill and Melinda Gates Foundation. He was also the former Executive Director of the Bitcoin Foundation. On the other hand, Tron Black is the software developer lead for Medici Ventures.
However, Ravencoin is an open-source project, and anyone can get involved. The project already has many third-party developers creating things like miners, pools, explorers, network stats, and the likes to grow the network.
Ravencoin had been building its network slowly but surely without too much funfair. The project had, however, focused on the creation and transfer of assets. The coin has a lot of potential for success, and we are looking forward to seeing an increase in its useability as a real-world asset.
With more support from big players in the cryptosphere, RVN can get to the top of the chain soon. However, we cross our fingers and look forward to seeing how this Ravencoin project would turn out in the near future.