Ravencoin is one such cryptocurrency that experienced a historical bull run since early 2021. The gigantic 2000% rally in just a fortnight attracted many strong and new hands that kept the bullish momentum intact. Despite some pullbacks, the price comfortably maintained above certain levels and clearly manifests a bullish trend.
The platform mainly intends to provide hazel-free transfers between 2 parties which is the topmost priority of this network.
After a brief synopsis, are you willing to hold some but also want to know the future of the asset in terms of price, upgrades, etc!
Then this article is for you. By the end of this article, one can have a clear picture of the coin and the upcoming future price predictions.
|Market cap||$ 1,629,801,614|
|Circulating Supply||8,590,600,000 RVN|
|Trading Volume||$ 255,357,453|
|All time high||$ 0.2854 Februvary 20, 2021|
|All time low||$ 0.0087 March 13, 2020|
What Is RavenCoin?
Ravencoin is basically a peer–to–peer network aiming to provide smooth transactions between two parties. The project was first initiated in January 2018 without any ICO. It is a fork of Bitcoin that allows the other tokens to create their own blockchain.
The platform is built to efficiently manage one specific function the shipment of assets from one user to another. Further, Ravencoin has a modified issuance schedule, reduced block time, coin supply capped ten times of bitcoin, and has a mining algorithm that aims to mitigate the centralization of mining. RavenCoin has its own native token called RVN that enables traders to issue tokens quickly and easily.
Ravencoin Fundamental Analysis:
The Whitepaper of the project was first published by Bruce Fenton, Tron Black, and Joel Weight. The dedicated team stood out of the majority of the crypto community, before kickstarting the project they all were seasoned businessmen and developers.
Cheif co-founder Fenton is renowned in crypto for serving as a board member and chief executive director of Bitcoin foundation for 3 years 2015 to 2018. Prior to beginning his career in Crypto, he accumulated a vast knowledge of investment baking as the vice president of Morgan Stanley in the 90s era.
Ravencoin Price Prediction 2022:
RavenCoin price prediction Q1 2022: The altcoin sliced through 20 days MA owing to the January market crash. The RavenCoin has undergone a steep fall of over 25% in just first two weeks of Jan plunging to one-month low of $0.0875. It’s been a while since the project is failing to make a cross-over above the $0.15 resistance barrier. However, after multiple rejections, if buy pressure starts to build up then we can expect a price surge up to $0.2 by Q1 2022.
As the price history showcases, the price has always retraced to some extent after a gigantic bull run. And hence the price after attaining $0.25, may enter a correction phase for a short-lived time frame and continue with the bull run further. By the end of 2022, the price is expected to hit above $0.3 to $0.35 levels.
Ravencoin Price Prediction 2023:
With a wide vogue of its new upgrades, the RavenCoin may strike a high above $0.56 with further developments. On the flip side, failure in any upgrades or adverse market conditions, which may operate as a setback, pulling the coin to minimums at $0.3471.
Ravencoin Price Prediction for Next 5 Years:
For the next five years, RVN price is expected to attempt very hard to rally close to $1 levels. No doubt some minor and also a couple of major retracements may also haunt the bull run, eventually, the price may hit the target. The coming days may turn very glorious for the crypto space and hence for the asset too. And hence $1 appears to be a decent target to be achieved, however, a huge bull run cannot be neglected which can escort the price beyond all expectations.
Market Prediction For Harmony Coin:
According to TradingBeasts, the RavenCoin price is expected to hit the maximum price of $0.1415 and the minimum being $0.096 and is anticipated to trade at an average price of $0.1132 by 2022. The RavenCoin price is expected to trade at an average price of $0.214 by 2024.
Gov.Capital made a bullish prediction for Harmony. They expect up to three-digit growth prices in the upcoming years. For the year 2022, they predict that the RavenCoin price may reach a maximum of $0.1874 by the end of 2022. The coin price may trade at an average price of $0.163 in 2022. They hope that the coin price will hit the maximum of $0.7061 by late 2025.
A crypto prediction website has reupdated their price prediction for RavenCoin, they forecast that the price is expected to close its trading at $0.1191 by 2022. In 2023-2024, an average price close to $0.1395 to $0.1491 is predicted.
Walletinvestor made a bullish prediction for RavenCoin. For the year 2022, they predict that the RVN price may reach a maximum of $0.192. The coin price average and minimum possibilities are being 0.158 and $0.122 in 2022. They hope that the coin price will hit the maximum of $0.427, and the average and minimum possibilities are being $0.367 and $0.298 by late 2025.
Our Price Predictions for Ravencoin:
Ravencoin is expected to follow with the bullish market sentiment and rally high following major crypto assets.
As per Coinpedia’s formulated RavenCoin Price Prediction, the price is showcasing a strong bullish momentum, and hence $0.5 by the end of the year 2022 seems to be inevitable. Continuing the current bullish trend, the RVN price may rally as high as $1 in the coming years, by the end of 2025.
|Year.||Potential High.||Potential Low.|
Historical Price Sentiments
Ravencoin began the trade in the mid of march 2018 priced at $0.027857 and with a couple of spikes in March, the price rallied to $0.054 initially and later jumped to $0.055 after a slight pullback close to $0.01 levels. The price failed to sustain above these levels and soon declined to $0.014 levels, marking the 2018 yearly close.
The price carried the previous year’s levels for a short period of time before spiking to the highest levels at $0.07162 in June 2019. Further, as the price fell into a bearish market and dropped until the end of 2019, to close the yearly trade at $0.023
The price showcased less volatility throughout the year by maintaining very little price fluctuation. Despite a couple of spikes, the price again fell into the previous bearish levels till the end of the year. At the beginning of 2020, the RVN token was priced at $0.2284, that spike $0.03971 in mid of February and fell back below $0.02 throughout the year.
The start of 2021 was calm without any sign of a bull run. However, the price gained momentum by the end of January and showcased an early sign of a bull run. The price surged remarkably and attained an all-time high at $0.2854 on Feb 20, 2021. No doubt the price has trembled a little, yet successfully maintained above $0.1 and trending in between $0.15 and $0.2 till May.
However, owing to the Chinese market crash on May 19th, RavenCoin’s price failed to sustain the price levels above $0.1. As bears completely haunted the price rally the asset approximately dropped by more than 60% reaching its historical bottom of $0.5581. Further, the sell-off continued for three months with a consecutive generation of higher lows.
As bulls re-entered the market by July’s end, Ravencoin price started a steady rise slicing new highs. The asset has experienced multiple rejections at $0.15 in the second half of the year ending up its trade at $0.1 by the year’s end.
RVN price may hit $0.2 in 2022, however, it may take a couple of years more to reach the set target at $1.
The price after each rally has dipped a little and consolidated for a while. However, this cannot be considered as a crash, yet the crypto space is highly unpredictable and an upcoming crash cannot be predicted.
Ravencoin coin market cap has just crossed the $1 billion mark and the price is yet to hit $0.2. Therefore, one can consider RVN to hold for a decent period to enjoy gains.
As the aim behind the project is to provide uninterrupted and hazel free transfers, many upgrades may be fast approaching that can eventually aid the price rally. Hence the future prospects appear to be flourishing