According to our Ravencoin price prediction, RVN coin is poised to spark new highs after recovering from the current bearish mud.
Initially, when digital assets were developed on the blockchain, they had the tendency to be lost or destroyed accidentally when the newly created tokens were traded with the coins via which they were traded. To eliminate this issue, Ravencoin was forked out of the Bitcoin code to be an internal currency within the Bitcoin Network, which allows users to build new token assets on the Raven chain via burning the Raven coin, and that accelerates the instant transfer of assets from one crypto user to another across the world. Ravencoin has taken a small step towards finding customer-friendly solutions, and it has proved a giant leap for the entire DeFi system by facilitating the issuance of tokens for various purposes, including NFTs. Despite having a robust roadmap, the RVN token has witnessed substantial volatility this year due to market turmoil. Hence, Our Ravencoin price prediction aims to bring its project analysis and expected future potential with an in-depth technical analysis of the current price momentum to help you choose the best investment option amid the market downturn.
Ravencoin: A Quick Overview
Ravencoin is a fork of Bitcoin that seeks to improve the ownership of an asset. The project was launched on 3 January 2018, the ninth anniversary of Bitcoin. Ravencoin enables an exchange platform that provides users or traders with an environment to create tokens of any kind and quickly transfer the asset ownership to others. It is an open-source blockchain project dedicated to developing a specific use case technology that compresses the barriers to person-to-person financial interaction on the blockchain.
The Ravencoin platform was developed by Bruce Fenton, Tron Black, and Joel Weight with the goal of enabling instant transactions between users around the world. The created token assets on the network can represent anything from fiat currencies to gold, including virtual goods and material objects, stocks and securities, etc. What Raven Network does is that it modernizes tangible world tradable assets and makes it more convenient for crypto users to gain rights to them. Let’s find out RVN’s current market details to clarify our Ravencoin price prediction better.
|Price Change 24H||+0.74%|
|Circulating Supply||12,014,357,151 RVN|
|All Time High||$0.2854|
|All Time Low||$0.008794|
Ravencoin (RVN): Robust Fundamentals
The cryptocurrency space develops a wide platform of opportunities for developers by creating several specific use case cryptocurrencies. These particular use cases of Ravencoin help expand the community and add more integrations to daily crypto-financial activities. Creating a platform that eases the creation of token assets seamlessly and makes instant financial interaction between asset holders anywhere in the world possible is a great advantage for Ravencoin.
The whitepaper of Ravencoin states, “One goal of the Raven protocol is to create a use case-focused blockchain and development effort which can create code, providing advantages for specific use cases, while contributing to open-source code which could be used by Bitcoin or other projects. In an age where people can move significant amounts of wealth instantly using Bitcoin, global consumers will likely demand the same efficiency for their securities and similar asset holdings.”
Raven coin uses the KAWPOW consensus algorithm, which solves the problem of mining centralization, and it is the product of enhancements on the PROGpow and ethhash to improve the distribution of the Ravencoin within the network. Ravencoin has a faster block execution time than leading assets like Bitcoin and Ethereum, with a more significant block reward and a larger max coin supply. With its unique decentralized mining approach, power consumption is very efficient, reducing transaction costs.
Ravencoin is an experienced community-driven project, as anything with value in the real world can be seamlessly converted into a digital token using the Ravencoin blockchain.
Ravencoin Price Prediction: Price History
Before we dive deeper into Ravencoin price prediction, let’s take a look at its price history to know its past potential and get an idea about its expected future price. However, it is to be noted that price history is not an indicator of Ravencoin price prediction.
Ravencoin token launched into the crypto trading market on 10 March 2018 with a value of $0.0265 before touching an intraday high of $0.0343 on 12 March. However, the initial boost fell dramatically, and RVN dropped to an intraday low of $0.0171 on 18 March. There was some hype in the community when Ravencoin again attained an intraday high of $0.07292 on 27 March, with a low of $0.03627. This means it surged more than 2x in mere hours, causing many experts to withdraw their Ravencoin price prediction before pumping to $0.06977. Ravencoin then stabilized to trade at around the $0.03 mark until 4 May, when it touched a high of $0.05779 before slumping to close at $0.02933 on 7 June. It stayed around this level for a while until October 2018, when it spiked again, trading at $0.06079 on 23 October. The RVN price dropped below $0.03 on 14 November 2018 and fell further to $0.02 on 22 November.
In 2019, Ravencoin didn’t push above the $0.02 level until 3 March 2019. Ravencoin enjoyed a brief boom in March, reaching an intraday high of $0.06928 on 29 March, which rose by 192% from a few weeks earlier. On 7 April 2019, it reached a high of $0.07414, and then the RVN price started to dwindle, reaching a low of $0.04114 on 10 May before hitting a high of $0.08026 on 3 June. Then it slowly entered a bearish phase, wiping investors’ hope from the platform. This downward trend continued for some time, and between 4 November 2019 and 3 February 2020, Ravencoin traded below the $0.03 mark. On 13 March 2020, RVN reached its all-time low, dropping to $0.008794. However, there was a recovery in the price chart, and it closed that day at $0.01435. It then hovered somewhere between one and two cents until 24 May, when it reached an intraday high of $0.02045. Ravencoin traded around $0.02 until the end of September 2020, when it dropped below that price again and did not recover until 29 January 2021, when it closed at $0.02704.
The beginning of 2021 was a boom time for the crypto market, and Ravencoin found itself caught up in the market’s general excitement. On 30 January, RVN reached a high of $0.03915; however, it soon closed at $0.03006 on 5 February 2021. There was more growth to come for the RVN token as it broke through $0.04 on 9 February 2021, hitting $0.05337 the following day. It wasn’t stopping there as RVN touched a price of $0.1005 on 18 February, breaking through the 10-cent barrier for the first time.
After that, the coin’s price kept pumping, making an all-time high on 20 February 2021 when RVN more than doubled to $0.2854. However, it could not hold that price level, as the coin hovered around $0.20 before rising again to hit $0.2639 on 14 April. The coin traded around $0.15 before the great crypto day crash of 19 May 2021. At that point, Ravencoin touched $0.132, followed by a 57% price drop to $0.05649, before it recovered to close the day at $0.08647. RVN was trading at roughly $0.11 on 25 November and almost $0.08 by 20 December 2021. Many cryptocurrencies struggled over the fourth quarter of 2021 as a result of both imposed and potential regulations, with the Omicron variant of Covid-19 looming large over global markets.
By the start of 2022, the Ravencoin (RVN) price was trading around $0.10. However, a brief high was seen on 4 January 2022, with a slight upward rally to just over $0.13. By the end of the month, the coin was worth nearly $0.066. The coin further dropped to the bottom level of $0.03 following the LUNA crash, and the bearish trend was further triggered by the FTX’s collapse in November.
Ravencoin Price Prediction: Technical Analysis
Ravencoin is currently witnessing a significant recovery rally in the last few weeks as it can soon undergo a strong bullish momentum with a potential high in the near future. However, several bankruptcies in the crypto space and raising concerns regarding Binance’s audit reports have created extreme selling pressure on the price chart. Hence, our Ravencoin price prediction aims to bring you an in-depth technical analysis using advanced technical indicators to hover amid the current market trend and guide you through a profitable investment plan.
According to CoinMarketCap, the current price of Ravencoin trades at $0.02, with an uptrend of nearly 1% from yesterday’s price. Our RVN crypto technical analysis reveals that this digital asset may soon flash bullish signals to new highs after a short-term bearish retracement. Looking at the daily price chart, Ravencoin struggles to trade above the EMA-20 trend line at $0.021 as the negative sentiments in the market put a barrier in the price graph. Ravencoin price analysis shows a downward market trend, which means that the asset is currently trading on a bearish trajectory following the November 2022 market crash. The Ravencoin market has been experiencing high volatility recently, with prices fluctuating between $0.018 and $0.021 over the past month. Ravencoin trades near an extreme fear zone which was brought about by FTX’s collapse, creating a FUD situation for investors. However, RVN has barred itself from dropping further as it has formed support at $0.018, from which the coin is making a slight upward retracement to its 31.8% Fib retracement. The Balance of Power (BoP) indicator trades in a bearish region of 0.4, which may push RVN to retest its support near $0.017.
The popular indicator RSI-14 trades in a bullish region at the level of 41, which may send RVN to test its resistance near the 23.6% Fib levels. Moreover, the MACD line forms a stable pattern in the chart as it sparks green candles near the signal line, signifying bulls’ domination in the RVN price chart. The SMA-14 looks promising as it consolidates near the 42-level, which may ignite a short-term upward journey for RVN to the EMA-50line at $0.023. If the Ravencoin breaks above its EMA-50 trend line, it may ignite a clear uptrend to its Bollinger band’s upper limit of $0.027, above which it may make an attempt to break its strong resistance at EMA-200 at $0.034. Conversely, a further downfall is expected if Ravencoin drops below the crucial support level of $0.017; below this price level, RVN may accelerate a sharp collapse as it can trade near its Bollinger band’s lower limit of $0.013. If RVN’s price fails to hold above $0.011, it may gear up for a more bearish bloodbath and trade near $0.008.
Ravencoin Price Prediction By BlockchainReporter
Ravencoin Price Prediction 2022
According to our Ravencoin price prediction for 2022, the token is predicted to attain a maximum value of $0.021 with an average trading price of $0.02. However, our technical analysis reveals that the RVN coin can go as low as $0.01.
Ravencoin Price Prediction 2023
Our Ravencoin price prediction for 2023 expects a maximum trading price of $0.035, with an average trading price of almost $0.03. RVN coin might retrace downward with a minimum price of $0.029 by the end of 2023.
Ravencoin Price Prediction 2024
RVN boasts of developing solid and excellent fundamentals for the crypto community. Our Ravencoin price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.051. After that, RVN crypto might record a low of $0.042, with an average trading price of $0.044.
Ravencoin Price Prediction 2025
Our Ravencoin price prediction for 2025 anticipates a minimum value of $0.063 and a maximum value of $0.075. In addition, our Ravencoin price forecast for 2025 predicts an average trading price of $0.065.
Ravencoin Price Prediction 2026
RVN coin may witness a tremendous rise in 2026 and bring an outstanding return on investment to its long-term holders. Our Ravencoin price prediction for 2026 expects a maximum trading price of $0.11 with an average trading price of $0.091. RVN coin may trade at a minimum value of $0.089.
Ravencoin Price Prediction 2027
The crypto market may soon end the tears and tantrums and overcome its current hurdles as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our RVN coin price prediction for 2027 suggests that it may touch a maximum trading price of $0.16. RVN coin may trade at an average price of $0.13 with a minimum value of $0.12.
Ravencoin Price Prediction 2028
Our Ravencoin price prediction for 2028 states that it may touch a maximum price of $0.22 and an average trading price of $0.19. The minimum value for the RVN cryptocurrency is predicted to hit $0.18.
Ravencoin Price Prediction 2029
In the upcoming years, RVN coin may acquire impactful partnerships due to its user-friendly environment and can push its price to the North. Our Ravencoin price prediction for 2029 expects a maximum price for this token to be $0.32 and a minimum price of $0.28. RVN crypto may reach an average value of $0.27.
Ravencoin Price Prediction 2030
Depending upon the future market sentiments and response from the community, RVN crypto can see a maximum price level of $0.48 with an average trading price of $0.42. However, the RVN coin is projected to hit the bottom level at $0.40 by the end of 2030.
Ravencoin Price Prediction: Industry Experts
According to DigitalCoinPrice’s Ravencoin price prediction, the price of RVN is expected to surpass the level of $0.0426 in 2023. By the end of the year, Ravencoin is expected to attain a minimum value of $0.0420. In addition, the RVN price is capable of securing a maximum level of $0.0502. In 2029, RVN is expected to trade above the level of $0.20. By the end of the year, Ravencoin is expected to reach a minimum value of $0.19. In addition, the RVN price may touch a maximum level of $0.20.
Trading Beasts’ Ravencoin price prediction states that the Ravencoin price is predicted to reach $0.0233143 by the beginning of January 2023. The expected maximum price is $0.0291428, with a minimum price of $0.0198171. The RVN coin may trade at $0.0233143 by the end of the month. In 2025, the RVN token may touch a minimum price of $0.0552901 and a maximum price of $0.0813089, with an average value of $0.0650471.
Is Ravencoin A Good Investment? When Should You Buy It?
As Ravencoin broadens users’ ownership of assets, the platform aims for an incredible high in the future with an ambitious goal to achieve. With the growth of unique digital asset ownership, the customization of digital space, and the tradability of real-world assets turned into digital tokens; powered by Non-Fungible Tokens, the Metaverse, and Web3, the growth of Ravencoin is inevitable. Hence, our Ravencoin price prediction states that RVN is a good investment option, and investment at $0.018 can be profitable in the long term.
Ravencoin’s mission is to accelerate the creation of tokenized assets on a blockchain network and provide users with an easy way to issue and transfer them. As the developing team behind the Ravencoin protocol is highly experienced and active, the platform has a bright future ahead. However, our Ravencoin price prediction advises investors to do their own research and conduct investment advice from experts before investing in the highly volatile market.