RavenCoin Price Prediction – Will RVN Price Reach $1 by 2021?
Ravencoin is one such cryptocurrency that experienced a historical bull run since early 2021. The gigantic 2000% rally in just a fortnight attracted many strong and new hands that kept the bullish momentum intact. Despite some pullbacks the price comfortably maintained above certain levels and clearly manifests a bullish trend.
The platform mainly intends to provide hazel free transfers in between 2 parties which is the top most priority of this network. Currently ranked within top 75 assets, Ravecoin is listed in major exchanges for trading.
After a brief synopsis, are you willing to hold some but also want to know the future of the asset in terms of price, upgrades, etc!
Then this article is for you. By the end of this article, one can have a clear picture about the coin and the upcoming future price predictions.
Table of contents
|Market cap||$ 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|
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 Whitepaper of the project was first published by Bruce Fenton, Tron Black and Joel Weight. 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 Price Prediction 2021
After experiencing a major breakout, Ravencoin price is expected to rally further towards the next target at $0.2. Ravencoin at the time of writing is consolidating strongly above $0.15 levels and hence manifesting an upcoming bullish momentum. However, the price may continue to consolidate for an extended period before making another attempt to jump towards the new upper targets.
Ravencoin Price Prediction 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 $0.2, 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.
Price Prediction for Next 5 Years
For the next five year, 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 above $1 too.
Market Prediction For RVN Price
Digital Coin Price predicts $0.26 levels by the end of 2021, followed by $0.314 by the end of 2022. The price is predicted to rally further and attain the levels above $0.54 by the end of 2025.
PrimeXBT predicts a bearish trap for the asset in 2022 that can drop the price below $0.1 in 2022. However, for the next five years , the price is expected to rally close to $0.7 to $1 by 2025.
According to WalletInvestor, the price can go up from $0.177 to $0.348 in the coming one year jumping more than 98%. However, by 2026, RVN will be worth $0.946 without sustaining any major crash.
Gov. Capital predictions are pretty reasonable as they forecast the price of a RVN to hit $0.253853 by the end of 2021. The price for the next 5 years is predicted as $0.616, i.e., by the end of 2025.
Our Price Predictions for Ravencoin
Ravencoin price is expected to follow with the bullish market sentiment and rally high following major crypto assets. The price is showcasing a strong bullish momentum and hence $0.2 by the end of year 2021 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.
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 years levels for a short period of time before spiking to the highest levels at $0.07162 in June 2019. Further as the the price fell into 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 less 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, 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 bull run. The price surged remarkably and attained the 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 since then.
RVN price may hit $0.2 in 2021, 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 an 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