Why Ravencoin Will Skyrocket

2021 was a prolific year for Ravencoin, with its price surging to new highs

Last Updated February 7th 2022

6 Min Read

Several altcoins and crypto tokens had a massive rally since the beginning of 2021. However, a unique coin that has gained colossal growth and popularity from investors and institutions alike is Ravencoin. It was specifically designed for asset management and digitization and has been in the limelight lately. But why Ravencoin will skyrocket? Let us see.

RVN is an open-source blockchain project that is specialized in the creation and peer-to-peer transfer of assets. It is an advanced software that aims to incentivize a network of computers to operate the platform and offers users the chance to create a new class of crypto assets. However, the price of RVN has significantly increased recently, and experts say that Ravencoin could be a good long-term investment option. Let us see why buying RVN now will generate massive potential in the future.

Why Choose Ravencoin?

One significant reason to buy Ravencoin now is its utility and growth potential. Virtually anything that has value can be seamlessly converted into a valuable token by using the Ravencoin blockchain. The token was initiated in April 2018 and was developed by almost 430 Bitcoin developers.

Ravencoin’s advanced blockchain is a promising project as it offers the opportunity of tokenizing real-world assets and items, which can be transferred between parties seamlessly and cheaply. Furthermore, RVN is a fork of the original Bitcoin protocol. It deploys the UTXO architecture but was modified and upgraded to remove the scalability issues and increase efficiency. This is yet another reason why Ravencoin will skyrocket in the coming decades.

The Ravencoin project has some of Bitcoin’s features like periodical halvings and transactions and is validated through Proof-of-Work. But even more, the team made a few modifications and upgrades to the network to make RVN more scalable and efficient. Ravencoin developers can create tradable tokens that can track the price of off-chain assets such as gold, silver, euro, and collectibles. This is why experts suggest investors buy RVN now for future returns.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Is Ravencoin Going To Skyrocket In 2022?

One key reason RVN’s price skyrocketed in 2021 in February was partly because of the decision made by multiple traditional brokerage firms to temporarily halt the trading activity of particular individual stocks, like GameStop and AMC entertainment. Later traders felt that Ravencoin would play a key role in reshaping the industry. They believed that RVN would avoid unfair practices that prevented retail traders from exchanging their holdings in companies.

The Ravencoin token is also listed on various exchanges like Binance, Huobi Global OKEx, LATOKEN, DigiFinex, among many others, making RVN a potential cryptocurrency with plenty of room for growth.

RVN is one of the top altcoins to buy now as the tokens facilitate and reduce the cost of trading the assets. The purported goal of the project is to break the monopoly of large mining operations and specialized equipment and make it equally accessible for everyone. Even more, RVN has the potential to become a viable alternative to platforms like Ethereum for token issuers.

Moreover, the unique digital currency has the efficiencies of the crypto giant BTC along with various other advanced features, making RVN an excellent long-term investment option. Its blockchain network boasts various other modifications which are often not seen in other blockchains.

Check Out: Could Ravencoin Be A Millionaire-Maker Coin?

Factors That Skyrocket RVN’s Price To New Heights

Several features back up the prediction that Ravencoin will skyrocket in the coming years. Some of the features include.

#1 Use As Real-World Assets

Apart from the colossal rise of RVN’s price, a unique feature of the token that increases its popularity is its ability to be used as a real-world asset. RVN token holders can register online assets or even real-world goods using RVN. Furthermore, it also can support creating tokens with unique names and representing a specific type of assets. The token also boasts a communication mechanism for token issuers and holders.

RVN is one of the top altcoins to buy now because Binance Smart Chain also offers a tokenized version of the token, which can be used for borrowing, trading, and lending in decentralized finance (DeFi) applications. Ravencoin blockchain's ability to launch and trade tokens is highly beneficial for enterprises and industries that need a digital token, especially for asset transfer.

The Hydra Chain Technologies, a popular real estate developer, recently launched its tokenized single-family houses on the Ravencoin blockchain platform. This exposes the fact that the coin’s digital asset custodian capabilities have gained the attention of large enterprises and investors, making RVN a solid long-term investment option.

#2 Increasing Interest From Traders

There is a growing interest in the RVN coin from traders across the globe in the market recently. The token has gained huge traction as its forecasted value has earned the backing and support of crypto-supported companies like Byrne and several other financial institutions. More so, all the tokens created have unique names and can represent one-of-a-kind assets. The assets could include securities, collectibles, gold, events, tickets, and even airline miles.

#3 Unique Mining Process

Even though Ravencoin uses BTC’s consensus mechanism, it was made with several modifications. Yet another unique feature of RVN that makes it different from other blockchain platforms is its X16R proof of work algorithm. This was specifically designed to make the protocol resistant to ASIC mining. The ASIC-resistance mechanism lowers the barriers of entry for people who want to mine.

Ravencoin’s unique hashing algorithm allows more decentralized mining than BTC’s SHA-256 algorithm. It makes the whole process more profitable, especially for industrial-scale operations. Therefore, the network is more secure, efficient, and suits its purpose, making RVN one of the top altcoins.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Ravencoin Will Skyrocket: Expert Predictions

Ravencoin saw colossal growth in the beginning of 2021, hitting an all-time high of $0.2854 in February. Experts see a bright future in terms of RVN’s performance throughout this year and beyond.

Wallet Investors says that Ravencoin RVN is an excellent long-term investment. According to their predictions, RVN might hit over $0.168 price by the end of 2022. In the long-term, the price prediction of Ravencoin might surge to over $0.472 by 2027.

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Should You Invest $1,000 In RVN Right Now?

Ravencoin is a highly potential cryptocurrency and is poised for future growth. Unlike other blockchains that transfer assets slowly, Ravencoin processes the quicker peer-to-peer transfer of assets. Moreover, it is an open-source project and is accessible to everyone. The project already reports that it has some third-party developers that create things like miners, pools, explorers, network stats, which boosts the growth of the network.

Therefore, if the Ravencoin continues to keep its momentum, a $1000 investment in RVN right now could likely reap good returns in the future. RVN’s unique applications, use cases, and growing mining community will eventually strengthen the coin, leading to increasing adoption. Thus, the outlook seems extremely bullish, which is one of the many reasons to buy RVN now for future returns.

The Bottomline

One key reason why Ravencoin will skyrocket in 2022 is its utility in a novel and potential area in the crypto space, asset management. With even more support from big players in the crypto space, Ravencoin could top the list of best cryptocurrencies soon.