Ravencoin is considered a more advanced fork of the popular Bitcoin that runs a peer-to-peer system. It is designed to meet the demand for assets and securities across borders. The users can issue tokens on the RVN BTC exchange based on any assets, including gift cards, reward points, and gold bars, among other assets. Moreover, the investors issuing the tokens could easily determine the properties of the digital currency since Ravencoin don’t need mining.
The cryptocurrency has all the properties of a good crypto project due to the fact that it is a PoW (proof of work) project. This is the reason why more and more investors are leaning towards the coin and eager to know more about Ravencoin price prediction.
While it is not that easy to predict Ravencoin value for the foreseeable future, at ChangeNOW, we have done some research to present you with the hardy facts. So, let’s get started.
What is Ravencoin?
Ravencoin is a blockchain designed and developed solely for the creation and peer-to-peer transfer of assets. It is specifically dedicated to asset transfer and nothing else.
While you can exchange assets over other blockchains like Ethereum and Bitcoin, it is not these blockchains’ intended purpose. Cryptocurrencies like Bitcoin and Ethereum lack specialization when it comes to asset transfer, which could lead to problems.
Ravencoin, on the other hand, allows you to create and trade any digital (software licenses, gaming items, etc.) or real-world (land deeds, gold bars, etc.) assets on a network with only that in mind — nothing more, nothing less.
RVN Price: What Does It Depend On?
As said earlier, RVN is a fork of BTC, and hence uses its UTXO model. That means the assets are connected to the standard RVN BTC exchange transactions. So, for exchanging an asset, you need to spend enough of the base currency for the associated transaction to go through. The exchange will be costly if the network fees are high.
In addition to that, these networks don’t guard against concerns that occur during asset transfers. All these aspects determine the RVN price and how it fluctuates. This is the reason why proper market knowledge is important before investing in Ravencoin.
RVN Price Prediction 2020
At the moment, the latest worth of Ravencoin is $0.02248. While computing the Ravencoin price prediction, we noticed that in the last six months (180 days), the lowest value of the coin was $0.02114 and the highest was $0.0691.
Currently, there are 765540175 Ravencoins circulating on the market with the market cap of $12,027,947.
Considering the scenario, marketers believe that the RVN price could drop by 3.9% in seven days. But it can be vague, and experts and industry players are quite optimistic about its price in 2020. Here is the Ravencoin price prediction 2020 by experts.
#1 Crypto Ground
Crypto Ground is a prediction website that has given a detailed analysis of RVN coin. The website has predicted that in the coming 12 months, the blockchain can jump to $0.0353.
#2 Coin Predictor
As per Coin Predictor, Ravencoin price might get reduced by this quarter to $0.007471. The website believes that the price might go down in the coming months and rise in the latter part of the year.
#3 Wallet Investor
According to Wallet Investor, Ravencoin has the potential to go up in the coming years, with its price prediction for the year 2020 hovering at $0.05041. They have been quite conservative in their prediction part.
#4 Crypto Info Base
Crypto Info Base is one of the prediction websites that believe Ravencoin price might perform really well in 2020 and in the coming years. For 2020, they are incredibly optimistic about the price, which is $0.14.
Bitgur has provided a hopeful prediction for Ravencoin. According to them, the RVN price might reach $0.06 in the last quarter of 2020.
Some Reddit users believe that when 2020 ends and the Ravenccoin market cap multiplies, it is possible to see RVN approaching the $1 mark. Similarly, some Twitter users are also very optimistic about RVN price, sharing positive forecasts. They also believe that RVN could reach the $1 threshold in 2020.
RVN Long Term Price Prediction
While experts and prediction websites seem quite optimistic about Ravencoin, it is hard to tell how it will perform in the long term. Considering the current predictions and the way the blockchain is moving, theoretically, Ravencoin price prediction 2025 is said to be more than $1. However, to achieve this feat, the project needs to be promoted on a large scale. Experts at ChangeNOW believe that if we stick to realistic forecasts, Ravencoin price might range from $0.6 to $1 level in the coming five years.
For now, we can only wait to see how it behaves when there are other blockchains in the market and many more adding to the list.
If you want to make the right prediction, you will have to follow the market trends to know more about its limitations and what influences the price of Ravencoin. For now, these are the best predictions you can get.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.
To learn more about RVN please visit the following Raven Coin Review in our blog.