Are you wondering ‘is Ravencoin a good investment’? After the recent bull run caused the price of RVN to rise, many investors are wondering what’s next. Keep reading our Ravencoin price predictions to find out what top crypto analysts expect to see in 2022-2025.
It is a fact that Bitcoin inspired the whole crypto industry, and all the altcoins came into existence because of it. But Bitcoin's success also gave rise to a number of new ideas that tried to improve upon its technology.
Ravencoin is one such cryptocurrency that takes strong inspiration from Bitcoin but makes some improvements over it. It was launched in January 2018 and has since then made rapid progress.
In this guide, we will first tell you what Ravencoin is and how it works. We will then look at the various price predictions before examining the investment potential of this coin in 2022 and beyond.
At the time of writing, this cryptocurrency has a market cap of more than $817 million and is ranked as the 96th largest crypto out there.
So, let's dive into the details and understand what's in store for this coin.
What Is Ravencoin?
Ravencoin (RVN) is a cryptocurrency token that operates on the PoW (Proof-Of-Work) algorithm. It was launched in January 2018 by Tron Black and Bruce Fenton, PhD, as an open-source project.
The idea of this coin came into existence when developers noticed that Bitcoin has too many issues such as slow transaction times, lack of privacy and security, high mining costs and issues like a hard fork.
There were also concerns about the use of ASIC miners to mine Bitcoin because it basically meant that only a few people could mine Bitcoins effectively. Because of these problems, Ravencoin was introduced as an improved version of Bitcoin with some additional features.
As a result, Ravencoin has several features that differentiate it from Bitcoin.
For instance, it uses an improved version of the Proof-of-Work mining algorithm known as KAWPOW (formerly X16R), which provides greater security and decentralization.
This consensus mechanism uses 16 different hashing algorithms to create blocks of transactions that are super-fast, secure and have almost zero transaction fees.
While Bitcoin capped its tokens at 21 million, Ravencoin increased the limit to 21 billion, which is 1000 times more than Bitcoin. It also reduces block time to one minute with a block reward of 5,000 RVN.
The most important advantage of RVN over BTC is that it is very easy to mine. Instead of using heavy-duty ASIC hardware, you can use simple graphics cards on your regular computer.
As a result, this ensures that the mining process is decentralized and accessible to anyone with a modern computer.
Unlike most cryptocurrencies, Ravencoin did not have an ICO, pre-mine or master nodes. This is usually known as a fair launch in that it discourages pump and dump schemes or price manipulation.
Now that we have a good understanding of what Ravencoin is, let's take a look at the price prediction for this coin. Before that, let's get a quick overview of how RVN has performed in the past.
Check Out: Is Ravencoin Worth Investing?
RVN Price History
Ravencoin began trading around March 2018, according to historical price data from CoinMarketCap. The first-ever recorded price was $0.03188 on March 11th, 2018.
Since then, the price has moved up and down in a range, but there was no definite trend until late March when it shot to $0.06977. It then quickly dropped to $0.03319 towards the end of April then rose again to $0.04958 in early May.
From there, Ravencoin had its first-ever major price crash when it fell to as low as $0.01417 in mid-July. The price then kept fluctuating until mid-October, when it suddenly rose to almost $0.06 towards the end of October.
This was again followed by another huge dip that sent the price to $0.01282 by the end of December. The price remained relatively low until late February, when it spiked again to $0.06497 in mid-April.
Ravencoin then fluctuated between $0.044 and $0.0700 until early June, when it picked up a downward trajectory that ended at $0.01175 around mid-March. From here, the price remained below $0.0300 until mid-January 2021, when it recorded its biggest growth ever.
Between January 26th and February 20th, Ravencoin rose from $0.01649 to $0.2854, representing a more than 1300% gain in about a month. This is still Ravencoin’s all-time high price, six months later.
Unfortunately, by February 28th, the price had dropped to $0.1311. That is about 80% loss in just a week. The crash didn’t last long, and soon, the coin went back to $0.2209 in mid-March, slightly dropped a few days later, then shoot back to around $0.23 in mid-April.
This was followed by a huge price decline. Ravencoin quickly slumped and was trading at around $0.05400 in late June. Throughout November RVN's value was around $0.11-0.12. The coin closed 2021 with a price of $0.098 and since then has slightly dropped due to the overall bearish market.
It is now trading at $0.0782 per coin with a market cap of $819 million and a fully diluted market cap of $1.64 billion.
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Ravencoin price prediction for 2022
In 2022 Ravencoin will trade around $0.12-$0.14, reaching a high price for the year at $0.16.
Ravencoin is obviously a visionary cryptocurrency. It has already established itself as one of the most promising coins in the crypto market. RVN tokens can be used to tokenize any asset, including stocks, gold and even airline miles.
With this in mind, it is reasonable to assume that Ravencoin would continue its growth in popularity within the next two years. With a market cap of more than $819 million and an all-time high price above $0.28 USD, it is certainly feasible that Ravencoin could grow by several hundred per cent in 2022 and 2023.
Ravencoin could reach a price of more than $0.15 USD in 2022 and close to $0.25 in 2023. In fact, this may be the year when Ravencoin truly breaks into the mainstream and becomes one of the most popular cryptocurrencies on the market.
Ravencoin price prediction for 2023
As per experts the price prediction of Ravencoin (RVN) might continue the gradual upward trend. And as per our data, by the end of 2023, it would be able to cross the $0.25 mark. The predicted high for 2023 might be more than $0.30, and on the downside, the low might be around $0.11.
The growth of Ravencoin price in 2023 will be equally fast. Wallet Investor predicts that Ravencoin will start the year at around $0.168, and by the end of 2023, it will be valued at $0.236.
Ravencoin price prediction for 2024
As per the Ravencoin price prediction for 2024, the price might reach $0.45 by the very end of 2024. As per our prediction and price forecast, the predicted high for 2024 might be around $0.46, and on the downside, the low might be around $0.1.
Ravencoin price prediction for 2025
As per our Ravencoin price prediction 2025, the coin might be able to touch the $0.5 price mark on the upside, while on the downside, it might fall up to $0.14. As per our RVN price prediction and forecast update, the currency price might trade around $0.55 by the end of 2025.
Ravencoin price prediction for 2027
The top price predictions for Ravencoin in 2027 foresee RVN dominating above $0.80 for most of the year.
Raven price prediction for 2030
As per our Ravencoin price prediction 2030, the coin might be able to touch the $0.90 price mark on the upside, while on the downside, it might fall up to $0.30. As per our RVN price prediction and forecast update, the currency price might trade around $0.65 by the end of 2030.
How Much Will Ravencoin be Worth in Five Years?
Based on Ravencoin projections for the next 5 years, the RVN coin price is expected to rise significantly in the coming years, trading at $0.16 in 2022, $0.30 in 2023 and $0.55 in December 2025.
Read Also: Could Ravencoin Be A Millionaire-Maker Coin?
The Future Of Ravencoin: Will The Value Of RVN Rise?
At the beginning of January 2018, RVN was priced at a relatively low price, and as we can see from the price history, the price surged to an all-time high of $0.2854 in February 2021, meaning that it has had a fantastic run so far.
However, looking ahead, there is no clarity whether this coin will continue to rise or fall. In fact, it is easy to argue that from a technical perspective, the price has already approached its all-time high and might be in correction mode.
For this reason, it would not be wise to invest blindly in any crypto coin without understanding what drives its fundamentals and why it will perform well in future. So, let's find out why the price of this coin might continue to rise.
One of the most important aspects of any crypto coin that can drive its value up is adoption and the number of users. One great thing about Ravencoin is that it is easy to use, secure, fast and cost-effective, especially for developers.
With KAWPOW, the mining process is not only easy and fast but also very secure. In fact, RVN employs one of the strongest security algorithms, which makes it almost impossible to hack into a network. As a result, This means that developers can create their own tokens with ease in a matter of minutes.
This means that developers can create their own tokens in a matter of minutes with total confidence in security. This will eventually lead to adoption and increased interest from the public, which will drive up its value.
All in all, Ravencoin has a bright future, and investors should keep an eye on this coin as its development continues.
While it will be difficult for Ravencoin to reach its all-time high in the next little while, it could easily trade above this mark during a bull market.
We believe that Ravencoin has a lot of room to grow, and the price predictions we have highlighted above are based on our estimates of the coin's growth. These are purely hypothetical numbers and should not be used as definitive price predictions.
Conclusion: Is Ravencoin A Good Investment?
Ravencoin is a great investment for you if:
- You are looking to invest in a coin that works great with developers and new startups.
- You believe that crypto coins with advanced security features will continue to rise as adoption increases in the long term.
- You want a good value per coin compared to Bitcoin or Ethereum.
With time, it will be only right for experts to recommend buying Ravencoin since it has the potential to be an excellent investment. In fact, if you are a big fan of crypto coins such as Bitcoin and Ethereum, then RVN should make its way to your crypto portfolio.
As we have seen from the predictions on Ravencoin price, this coin definitely has the potential to be one of the best investments you can make in the long term.
So what are you waiting for? If you are looking to invest in a crypto asset with strong security features and an impressive number of developers who collaborate on developing solutions, then RVN might be your best bet.
If you had purchased RVN during launch, you would currently be enjoying an ROI of 192%, according to CoinMarketCap.
Before you invest in Ravencoin or any other coin, make sure that you have researched the coin well and you fully understand what it does. Also, keep in mind that not every investment is going to be profitable, so make sure you are ready to lose your investment.
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