ack in 2009, Bitcoin’s technology was groundbreaking. It had its limitations, which is why many forks of Bitcoin were created. Ravencoin sought to make asset creation and management to the blockchain more secure and efficient than in Bitcoin and Ethereum. Let’s see what Ravencoin price prediction analysts and traders give for 2021 and the years to come.
What is Ravencoin and RVN?
Ravencoin is a protocol built on the foundation of Bitcoin code but with significant changes (a project/soft fork). It is designed specifically to use the secure model of Bitcoin for digital asset transfer and creation.
RVN is the native currency of the protocol. It is burned to create new assets, and can be used to pay rewards to the holders of Ravencoin-based assets.
If you are interested in more information about Ravencoin and RVN, check out our Beginner’s Guide to Ravencoin.
Ravencoin (RVN) Price History
Raven (RVN) in 2018–2019
Ravencoin entered the market in the crypto bear market. The team decided to make the launch fair, without a premine or any founder’s rewards. The price was volatile at first, but a few months later established a $0.017–0.01 range. The exception was October 2018, when RVN price briefly spiked to $0.0561 in the light of new listing announcements.
In 2019, tZERO announced Ravencoin support in their crypto wallet and trading app. This piece of Ravencoin news started a rally of the coin, during which its current ATH was reached: $0.080258 on June 3, 2019. However, for the rest of the year, RVN price was in a downtrend, and the closing price of 2019 was $0.0227.
Raven (RVN) in 2020
2020 started with the sentiment of crypto winter being finally over and a bullish market. During it, Ravencoin went up as high as $0.0402. In March, the market crash took the price down to $0.0119.
Until August, the price was in an uptrend and returned to the early 2020 levels. The recovery was slowed down by the news of a protocol breach when attackers minted excess RVN.
Since August, the price slumped to the $0.011–0.015 range. At the moment of writing, RVN price is $0.012762 (rank #108 on CoinMarketCap).
What influences the price?
As seen with tZERO, collaborations can help attract attention to the project. Listing on exchanges also helps: for example, in early 2020 Ravencoin was listed on a regulated Japan-based exchange Coincheck. Because of this, RVN is present on more markets than before.
This year, the Ravencoin community has upgraded the network to change the mining algorithm. The new algorithm, KAWPOW favors GPU miners, which makes the network maintenance more affordable and keeps it decentralized.
Medici Ventures, an investment fund that has been supporting work of Ravencoin developers, is stepping back. Instead, the community established a non-profit organization, Ravencoin Foundation, to take this role. Foundations focus on supporting decentralized projects, as well as educating about and promoting them to more potential users.
I don’t think so.
— Blockchaintiger.rvn (@blockchaintiger) December 23, 2020
Blockchaintiger is an active member of the Ravencoin community. The Ripple lawsuit shocked the crypto community, but he believes that projects like Ravencoin have a better future. RVN, in his opinion, will survive the regulatory scrutiny, and offer a law-compliant tokenization option.
Looks like I’m swimming against the current with $RVN
But I think this old bird has one more monumental pump left
Descending sell volume, descending wedge
Last time this happened $RVN exploded
✅ No Pre-Mine / ICO
✅ Community Funded Audit
✅ Secure BTC Alternative
— The Coin Man Ⓥ þålå†ïnê Lïgh† (@LightPalatine) December 24, 2020
Trader @LightPalatine shared a curious 2021 Ravencoin price prediction. He thinks that in 2021 RVN can break from a descending wedge up to 2000 sats. The correction will bring it back to 300 by the end of the year, though. This is a far-fetched scenario, but as far as predictions go, this one may or may not be onto something.
Ravencoin Price Prediction 2021
2021 Ravencoin Price Prediction by PrimeXBT: $0.10
Technical analyst of PrimeXBT has a bullish outlook for Ravencoin in the near future. The asset’s price has been consolidating in a downtrend for more than a year now. Should it finally break out, the previous performance shows it could go on a parabolic rally up to ten cents.
2021 Ravencoin Price Prediction by WalletInvestor: $0.00126
A more bearish outlook is painted by the WalletInvestor service. In a year from now, the asset is projected to lose 90% of its value. The projected price is expected to be around $0.00126.
TradingBeasts RVN Price Prediction 2021: $0.0162966
Experts of the TradingBeasts website are more conservative about the forecast. In December 2021, they expect RVN to gain 50% and cost $0.0162966.
RVN Price Predictions for 2022–2024
CoinCheckup has an interesting method of predicting development of crypto assets. They take the growth models of Bitcoin and tech stocks and apply it to altcoins. Let’s suppose Ravencoin repeats even as little as 10% of the Bitcoin’s growth. In 2022 it might on average be worth $0.0212, $0.0271 in 2023 and $0.0347 in 2024.
DigitalCoinPrice, using historical analysis, predicts that in 2022 the average price of Ravencoin will come up to $0.039. In 2023, it will continue growing to $0.043 and in 2024 — $0.051.
Ravencoin Price Prediction 2025
Cryptocoinsociety RVN Price Prediction: $0.114
Is Ravencoin a good investment? Analyst and writer Jesus Cedeño thinks so. Considering the use case of Ravencoin and active development, he estimates in five years it will be worth $0.11411.
Captain Altcoin RVN Price Prediction: $5+
Rene Peters believes Ravencoin is more likely to thrive in five years than not. How much will Ravencoin be worth in 5 years? Its price should be about hundred times higher than currently, which makes it $5 or more.
Ravencoin Price Prediction 2030
There is not enough historical data for RVN to provide a more or less accurate prediction for ten years yet. The crypto market itself is volatile, and there is no knowing what events will impact it.
RVN Predictions for 2021–2025
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How to Get RVN on ChangeHero?
Getting RVN on ChangeHero can be done in a few simple steps:
- Choose the currencies, amounts and the type of exchange. Provide your RVN wallet address in the next step;
- Send the cryptocurrency you will be exchanging in a single transaction. Fixed Rate transactions expire in 15 minutes;
- Sit back: we are checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your RVN is on the way to your wallet.
Our support specialists are available 24/7 in the chat on our website or through the email: [email protected].
Further success of Ravencoin depends largely on user adoption. The newly established Ravencoin Foundation can help with promoting the protocol’s use case.