{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}

{[{item.change24}]}%

{[{item.change24}]}%

2021 Ravencoin (RVN) Price Forecast

Ravencoin (RVN) Price Forecast

July 21, 2021 | 

JOHN K MWANIKI |  0 Comments| 

919 Views

Share:

Get Into Cryptocurrency Trading Today

Ravencoin is among the few open-source projects in the crypto world. The blockchain was specifically launched in 2018 to facilitate asset transfer. Users can either purchase the crypto from exchanges or mine them. It boasts several modifications not seen with other blockchains. For instance, the ability to support creating tokens with unique names and representing certain types of assets. The token has a communication mechanism for token issuers and holders.

Why are traders interested in Ravencoin token price forecast?

There is a growing interest in the coin from traders in the crypto market. What makes the coin special? The coin’s forecasted value has managed to earn the backing and support of crypto supporters and financial institutions. 

More so, unlike most of the other coins, it is not held in a pool by founders. More so, the mining algorithm used is different.

How many tokens are in circulation?

Just like bitcoin, this coin goes through halving every year. The total Ravencoin supply is set at 21 billion. The issuers get 5000 coins in reward for every block they mine. Currently, 9,244,115,000 ravencoins are in supply

Ravencoin 2021 price prediction

RVN coin's current price is $0.05256. This ranks it at 100 by market cap in terms of the top crypto assets. While just like other coins are subject to unpredictability, this coin’s value could be anything tomorrow. 

However, worth noting is that the projections are of growth. Observing from when the launch took place in 2018, the value of the coin has been growing. Technical analysis has shown that for sure, Ravencoin has attracted big wins for investors. Over time, traders have been enjoying enormous returns from RVN. This is not to say that the coin has not had its share of lows.

In 2019, the price experienced a peak only to retrace in 2020 to experience bear market lows. The question is, is history set to repeat itself? Expert forecasts indicate that the coin has great growth potential. This could go up to 38 cents per coin, but this might wait until 2028. 

What are the forecasts for 2021? 

RVN recently experienced a bullish plunge. However, that does not mean an upward trend will not be seen. Experts see a bright future in terms of the coin’s performance through 2021. By the end of the year, the coin is expected to have reached $0.14. Going into 2022, the price is predicted to rise to $0.17. 

The steady growth should be maintained further to 2028, which makes RVN a viable long-term investment. The crypto market is still the same highly volatile space. As much as the coin is still in its early stages of adoption, investors need to keep the risk of crypto investment in mind. 

Some of the recommended risk mitigation strategies by investors include investing only money you are willing to lose and using tools such as stop-loss orders.

Is it a good idea to invest in Ravencoin in 2021?

While the coin market cap is still lower than that of the more established cryptocurrencies, it is still a good investment to consider. It is unique and boasts some benefits other cryptocurrencies do not have. Stay updated on Ravencoin price forecasts as you are on to something.

1. Huge market

As earlier mentioned, the coin is still in its early stage, having been launched in 2018. While that is the case, RVN price forecasts speak volumes on the performance of the crypto. Its market is large.
Investing in such crypto can be rewarding, especially if you do it now in its early adoption. Remember that RVN tokenizes assets, and assets are many. This gives the coin a wide scope of application, which is good for investors. 

2.RVN’s price

We have looked at the price predictions by experts, and the coin’s future looks bright. This is yet another reason to invest in the crypto. The coin will be adopted widely, and its price will continue to go up.

3. Low fee

One benefit of RVN is its low mining fee. This has been a contributing factor to the coin’s growing mining community. What does this mean? When the RVN transaction fee is low, people tend to gravitate more to it as they abandon other costly cryptos. 

The resulting growing mining community and the low transaction fee will play a huge role in making the coin stronger. 

4. Functional blockchain 

Among the things RVN boasts is a fully functional and developed blockchain. What makes some of the cryptocurrencies risky is the imminent massive transformations. Remember, when something big happens to a blockchain, the price can be affected, and there is also some level of risk involved. 

This is not something you will have to worry about with RVN. The blockchain is fully developed and functional, and no massive changes are expected, as developers might make some improvements. This essentially makes the coin less risky compared to other blockchains. 

5. A good vision

The vision behind the creation of RVN is something that makes people want to invest in it. The vision was to support land rights, individual freedom, free markets, and empowering people.

The adoption of RVN has been impressive, and its adoption will continue to accelerate thanks to the ties it has to many other industries and entities. 

Ravencoin Token market status and future

Ravencoin has a current price of $0.05262 and a trading volume of $37,924,488. The market dominance stands at 0.04%, ranking at 100. 

For a coin that was launched in 2018, its performance is quite impressive as it also exceeds that of coins that have been in the market longer. RVN has ties to several industries, and this is a contributing factor to its massive adoption.

According to expert projections, the crypto price is set to experience steady growth in several years to come. Does this make RVN a good investment option? Yes, it is. Note that apart from the price forecasts, there are more benefits. The blockchain is fully developed, which makes it less risky compared to other cryptos. 

The market is huge, and the low transaction fees will accelerate its adoption. 

Buy & Sell Cryptocurrency Instantly

Share:

COMMENTS

0 Comments

Like this article

CREATE ACCOUNT

Have an account? Login

LIVE RATES

ALL

TRENDING

Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

Trade

{[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing }]}

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.

Trade

{[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing_trend }]}

WHAT'S NEW

NEWS

REVIEWS

BROKERS

WALLET