Inspired by the ravens from Game of Thrones, the creators of Ravencoin wanted to acquire their messengers of truth in the vastness of the blockchain industry. But what is the important message these digital ravens carry? Let’s read it.
What is Ravencoin?
Although initially the Ravencoin cryptocurrency was launched as a fork of Bitcoin, the developers have worked on the technical characteristics and now RVN is significantly different from the source.
The main and perhaps the only purpose of Ravencoin is the creation and exchange of digital and real assets. On the Ravencoin network, you can trade, for example, luxury goods, real estate, cars, paintings, software or licenses. Each transferable physical object is represented by a digital token created in the Ravenсoin system. This token is associated with a unique name and serial number, and serves as a proof of authenticity and ownership of a particular physical object.
Thanks to the integrated messenger, which allows keeping all correspondence and financial transactions strictly confidential, network users can communicate comfortably and safely.
RVN Price:ups and downs
Ravencoin has its own token, which serves as a reward for mining nodes on the network (RVN). The coin hit the market in March 2018 with a price tag of $ 0.027 and immediately rose to over $ 0.03 the next day.
Since then, the coin has undergone both ups and downs, but never passed the $ 1 mark. Although it is worth noting that in February and April of this year, traders could witness unprecedented sharp jumps in the rate of the coin.
At the time of writing, Ravencoin is valued at $ 0.1418 with a market cap of $ 1.3 billion. Token is ranked 84th in terms of market capitalization.
The low cost makes Ravencoin attractive especially for investors who cannot afford to buy more expensive cryptocurrencies. Especially when you consider that the approximate return on investment when buying an RVN at the time of launch or at the lowest price is 436.03%. But before you start buying this digital currency, let’s take a look at some Ravencoin price predictions.
Short-term RVN Price forecast
Forecast from Tradingbeast for 2021
By the end of October the expected RVN price is $0.1713606.
The expected lowest price in November is $0.1461545, max price is $0.2149331.
The expected maxi price in December is $0.2156253, minimum price is $0.1466252. Being priced at $0.1725002 Ravencoin will say goodbye to 2021.
Cryptonisation.com analysts predict:
Ravencoin for October 2021 will grow by $0.007209. Its maximum value is expected at $0.15331 per coin, and the minimum cost will be at around $0.14494.
Ravencoin will meet November with a cost of $0.15264 per coin, and by the end of the month its value will have been increased to $0.16309.
In December, the maximum value of Ravencoin will be $0.16873 per coin, and the minimum $0.16245.
Digitalcoin prediction for 2021 RVN price:
In October, the average price is expected to be $0.2106732207.
In November, it will be $0.2032258949 USD.
By the end of 2021 RVN will have been priced at $0.1870430623.
Long-term RVN Price Forecast
TradingBeast has the most pessimistic view of the RVN price, assuming it will not be higher than $ 0.2432669 in 2024.
According to Cryptonisation.com, the RVN price in 2025 is expected to be between $0.53335 and $0.5161.
WalletInvestor expects the RVN price to rise to $0.487 within five years.
Is Ravencoin worth investing?
According to the analysis of prices and analysts’ forecasts, we see that Ravencoin most likely does not expect a sharp rise in value. However, you shouldn’t dismiss it as a low cost investment.