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.
Back
Ravencoin Price Prediction: How Much Will Ravencoin Be Worth in 5 Years?
Swap Tracker
Wanna get a free genesis NFT and cashback for RVN swaps?
Table of Contents
Ravencoin Fundamental Analysis
Project name
Ravencoin
Stock Symbol
RVN
Current Price
0.01499166908700068
Current Supply
13021249429.705597
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.
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 2023
As for Ravencoin price predictions for 2023, there are divergent opinions. WalletInvestor expects a downturn towards $0.00216, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Ravencoin’s future price, citing upwards of $0.029384 in December.
Potential ROI:
-30%
Sell
Ravencoin Price Prediction for 2024
According to TradingBeast, in 2024 Ravencoin price is predicted to decline to $0, which makes Ravencoin a poor investment option. PricePrediction.net, in turn, predicts the price drop to $0.008695, and WalletInvestor agrees with a predicted price fall down to $0.00347.
Potential ROI:
-73%
Sell
Ravencoin Price Prediction for 2025
The experts are unanimous in their Ravencoin price forecasts for 2025 — everybody expects Ravencoin’s price to drop down by the end of that year. PricePrediction.net predicts the price to fall, reaching $0.007496. According to TradingBeast’s research, Ravencoin’s price can drop down to $0. WalletInvestor’s forecast is also not so positive: its analysts hold the view that by 2025 Ravencoin’s price will be about $0.000933.
Potential ROI:
-81%
Sell
Ravencoin Price Prediction for 2026
WalletInvestor has only pessimism in store for the 2026 Ravencoin price prediction, valuing Ravencoin at $0.00069 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their Ravencoin price prediction for December of this year is just $0.027435.
Potential ROI:
-37%
Sell
Ravencoin Price Prediction for 2030
Speaking of long-term Ravencoin price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Ravencoin price won’t grow further and, opposedly, will decline to $0.000718. TradingBeast’s price prediction for Ravencoin echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.024586.
Potential ROI:
-44%
Sell
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.
