What Is Ravencoin (RVN)?
Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no premine, ICO or masternodes. It was named in reference to a TV show Game of Thrones.
Who Are the Founders of Ravencoin?
The Ravencoin whitepaper was published by Bruce Fenton, Tron Black and Joel Weight.
They stand out over the majority of the crypto crowd in that they were all seasoned businessmen and developers before they started this project.
Fenton is well known in crypto for being a board member and an executive director of the Bitcoin Foundation from 2015 to 2018. Before crypto, he had a solid career in investment banking as the vice president of Morgan Stanley in the 90s and a managing director of Atlantis Consulting for 13 years. Currently, he works as a managing director of Chainstone Labs, a stealth fintech startup.
Tron Black is a principal software developer with more than 30 years of experience, including leading several software companies as a CEO. He has been working in crypto since 2013 on several ventures including Verified Wallet, CoinCPA and t0. He is currently employed with Medici Ventures, a subsidiary of Overstock.com focused on blockchain technology applications.
Weight is a chief technology officer at Overstock.com, a well known online retailer. Previously, he has also been involved with Medici Ventures in roles of COO and CTO. He is a veteran software developer who started his career after graduating from the University of Utah in 1998 right in the middle of the dotcom bubble.
Ravencoin Price Prediction
If you’re looking for Ravencoin price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Ravencoin (RVN) will go in the future? We will analyze the past prices of Ravencoin (RVN) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.063|
|24h Volume||$ 35,178,331|
Ravencoin (RVN) Price Prediction
At reconshell.com we predict future Ravencoin price predictions/RVN forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Ravencoin. We do our best to collect maximum historical data for the RVN coin which include multiple parameters like past price, Ravencoin marketcap, Ravencoin volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Ravencoin Price Prediction 2022
According to our deep technical analysis on past price data of RVN, In 2022 the price of Ravencoin is predicted to reach at a minimum level of $0.083. The RVN price can reach a maximum level of $0.098 with the average trading price of $0.086.
Ravencoin Price Prediction 2023
The price of Ravencoin is predicted to reach at a minimum level of $0.12 in 2023. The Ravencoin price can reach a maximum level of $0.15 with the average price of $0.13 throughout 2023.
RVN Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Ravencoin is predicted to reach at a minimum level of $0.18. The RVN price can reach a maximum level of $0.21 with the average trading price of $0.19.
The price of 1 Ravencoin is expected to reach at a minimum level of $0.27 in 2025. The RVN price can reach a maximum level of $0.32 with the average price of $0.28 throughout 2025.
Ravencoin Price Prediction 2026
Ravencoin price is forecast to reach a lowest possible level of $0.37 in 2026. As per our findings, the RVN price could reach a maximum possible level of $0.46 with the average forecast price of $0.39.
Ravencoin Price Prediction 2027
According to our deep technical analysis on past price data of RVN, In 2027 the price of Ravencoin is forecasted to be at around a minimum value of $0.54. The Ravencoin price value can reach a maximum of $0.64 with the average trading value of $0.55 in USD.
Ravencoin (RVN) Price Prediction 2028
The price of Ravencoin is predicted to reach at a minimum value of $0.79 in 2028. The Ravencoin price could reach a maximum value of $0.93 with the average trading price of $0.81 throughout 2028.
Ravencoin Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Ravencoin is expected to reach at a minimum price value of $1.14. The RVN price can reach a maximum price value of $1.38 with the average value of $1.17.
Ravencoin (RVN) Price Prediction 2030
The price of Ravencoin is predicted to reach at a minimum value of $1.65 in 2030. The Ravencoin price could reach a maximum value of $1.96 with the average trading price of $1.70 throughout 2030.
Ravencoin Price Prediction 2031
Ravencoin price is forecast to reach a lowest possible level of $2.34 in 2031. As per our findings, the RVN price could reach a maximum possible level of $2.80 with the average forecast price of $2.42.
What Makes Ravencoin Unique?
As a fork of the Bitcoin code, Ravencoin features four key changes: modified issuance schedule (with block reward of 5,000 RVN), block time reduced to one minute, coin supply capped at 21 billion (a thousand times more than BTC) and a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) intended to mitigate the centralization of mining caused by ASIC hardware.
Ravencoin aimsto solve the problem of assets transfer and trading over blockchain. Previously, if someone created an asset on the Bitcoin blockchain, it could be accidentally destroyed when someone traded the coins it was created with.
RVN coins are designed as internal currency within the network and must be burnt in order to issue token assets on the Ravenchain. The assets can represent anything: real world custodial objects like gold or physical euros, virtual goods and objects, a share of a project like stocks and securities, airline miles or an hour of someone’s wage, etc.
The planned future versions of Ravencoin protocol will support integrated messaging and voting systems.
How Many Ravencoin (RVN) Coins Are There in Circulation?
Ravencoin insists on being as fair and open as it is possible for a new cryptocurrency. There was no pre-mine, no ICO and no coins were held for developer or founders rewards.
In three years since its inception (as of March 2021), 39% of coins are already mined. The total supply is capped at 21 billion coins.
How Is the Ravencoin Network Secured?
Ravencoin is a fork of Bitcoin, so it is protected by the power of decentralization and mathematics. It uses a proof-of-work mining algorithm called KAWPOW, which replaced X16R and X16RV2 on May 6, 2020. Not only does this ensure security it is designed to be ASIC resistant.
The X16r algorithm group employed initially uses 16 different hashing algorithms for each mining block, but the order in which they are used is different for every block and is derived from the last 8 bytes of the hash of the previous block. It was thought that the necessity to adapt each cycle did not give ASICs any advantage over CPUs and GPUs. Eventually, however, ASICs for it were created, andRavencoin had to switch to an entirely different algorithm, KAWPOW, which was a slightly modified version of ProgPow, which itself was the evolution of Ethash and is optimised for mining on GPUs.
This, combined with the commitment of fair distribution with no pre-mine is meant to ensure that no single individual or organization will have or be able to have enough hash power to try to attempt a 51% attack or create any sort of artificial market price shocks.
Unfortunately, there was a successful known hack of the Ravencoin blockchain, of which the public was informed about on June 3, 2020. During the attack, hackers managed to nstantly mint i315 million RVN coins, which constitutes about 1.5% of Ravencoin’s supply cap of 21 billion. At the moment of the announcementm the price of the stolen RVN was estimated at USD $5.7M. None of the existing coin holders were directly affected by the attack.
Where Can You Buy Ravencoin (RVN)?
The top exchanges for trading in Ravencoin are currently Binance, Huobi Global, OKEx, ZG.com, and VCC Exchange. You can find others listed on our crypto exchanges page.