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Ravencoin Price Prediction: How Much Will Ravencoin Be Worth in 5 Years?

Unlike many projects trying to pursue several goals and getting lost in the ways and technologies, Ravencoin focuses strictly on token creation and transactions between parties. Dedication to a specific goal makes the project more secure and well-organized, and that has caused increased interest in the asset from the crypto community. Read our Ravencoin Price prediction and see if the token can become a key player.

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Ravencoin Fundamental Analysis

Project name
Ravencoin
Stock Symbol
RVN
Current Price
0.03769246
Current Supply
11180899397.765491
Launch Date
2018
Official Website

Ravencoin is a peer-to-peer blockchain designed to allow the efficient creation and transfer of assets between users. The Ravencoin protocol is based on the fork of the Bitcoin blockchain and has specific features that allow the creation of the tokens. The main purpose of the network is the transfer of the assets and even though it allows swapping for other tokens it’s not its main purpose. 

Ravencoin was founded in January 2018. It is an open-source project with Proof-of-Work rewarding mechanism. It was named as a reference to the Game of Thrones. The project features four main differences from Bitcoin: the issuance schedule (with 50,000 block reward), reduced to 1 minute block time, 1000 times bigger total coin supply, and modified mining algorithm. 

The project doesn’t have an established development team and is led by the core crypto enthusiasts: RavoncoinDev, Tron, and Chatturga with Bruce Fenton, the Board member of Bitcoin Foundation advising the project. The project went live with a fair launch: without ICO, pre-mine, or masternodes. Shortly after that, the CEO of Overstock Patrick Byrne confirmed that the company made a multi-million investment in the asset. 

The team since then has been working on the functionality of asset support and rewarding mechanisms. Ravencoin aims to solve the issues with asset transfer and trading on the Bitcoin blockchain. For instance, before that, the assets created on Bitcoin could have been accidentally destroyed if the user-traded the coins they were created with. 

RNV token is a native asset of the blockchain that has to be burnt to issue tokens on the Ravenchain. The assets can represent anything from real physical objects like gold or fiat money to virtual assets or shares, securities or stock, wage time, etc. By December 2021, 49,3% of the tokens from the 21 billion total supply have already been mined.

Ravencoin Live Price Chart

Ravencoin price was moving along with the general tendencies of the crypto market. Thus its value skyrocketed in February reaching the all-time high of $0.28 on February 21. Despite the strong correction, tokens sustained this level of the price till the beginning of May, when most of the crypto started losing its positions following Bitcoin. 

By the beginning of June, the asset lost even more in value and was traded for not more than $0.07 and later on continued declining, falling from $0.06 to $0.04 on June 22. The token stayed at the same price level for another month, and at the beginning of August Ravencoin price chart finally started to go up. 

On August 8th token price reached $0.09, went to a support level of $0.08, and skyrocketed to $0.15 the next day. But in the next two-week price went for correction, which ended with the Ravencoin token surge on September 5 and the asset was traded for $0.15. 

Right after, Ravencoin went to a support level of $0.12 and was bouncing between $0.09 and $0.12 till the end of October. AT that period the token’s value reached $0.14, but it couldn’t maintain this price and started to steadily decline. 

During the last week, Ravencoin was showing signs of a bullish trend, with its price slowly increasing from $0.08 to $0.09. Despite unstable price charts, analytics expect Ravencoin to increase in value in a 1-year period and consider it as a good long-term investment.

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Ravencoin Technical Analysis

Despite the fact that 100% accurate technical analysis for Ravencoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated RVN buy-and-sell rating for selected timeframe. The summary for RVN/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Ravencoin Price Prediction

Below we have collected the most reliable price projections for Ravencoin (RVN) from popular forecast platforms.

Ravencoin Price Prediction for 2022

As of Ravencoin price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $0.053872, and WalletInvestor echoes with ~$0.065962 by the year’s end. Other experts, for example, from PricePrediction.net, are more pessimistic about Ravencoin’s future price, citing numbers downwards of $0.022239 in December.
Potential ROI: 26% Buy

Ravencoin Price Prediction for 2023

In their Ravencoin price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $0.0619 by December. Forecasting Ravencoin's future, WalletInvestor expects further growth, too, saying the Ravencoin price will reach ~$0.062946 by that time. On the contrary, PricePrediction.net keeps predicting Ravencoin price decline, quoting prices around ~$0.015077 in 2023.
Potential ROI: 24% Buy

Ravencoin Price Prediction for 2024

Ravencoin price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.052016–$0.076782 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.006785 in December 2024.
Potential ROI: 20% Buy

Ravencoin Price Prediction for 2025

Both WalletInvestor and TradingBeast predict the Ravencoin market to grow in 2025, resulting in $0.060685 and $0.090701 by the end of the year respectively. Other Ravencoin price forecasts support the idea: PricePrediction.net forecasts Ravencoin to reach $0.062946 by December 2025.
Potential ROI: 90% Buy

Ravencoin Price Prediction for 2030

Most experts are expecting an encouraging future for Ravencoin: long-term Ravencoin price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.041723, while PricePrediction.net goes for $0.066339. WalletInvestor also puts big hopes on Ravencoin in the long term: its Ravencoin prediction for 2030 is $0.073877.
Potential ROI: 61% Buy
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Summary

As it can be clear from the analysis cited above, Ravencoin (RVN) projections are rather contradictory. There is no universal consensus either about positive or negative future RVN price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Ravencoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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