Ravencoin Price Prediction: Should You Invest Now?
Ravencoin Price Prediction 2023, 2025, 2030. Does RVN Have a Future?
Will Ravencoin become a key player in the crypto market someday? Perhaps, you keep on asking this question as you decide what cryptocurrency to invest in. Since Ravencoin has a very peculiar function — to facilitate the creation and transfer of assets between parties — you may wonder whether it makes sense to put your money into it. That’s a good point for discussion. And that’s exactly what this article is about. Here you will find basic information about this currency and will become familiar with the Ravencoin price prediction. So let’s dive in!
What Is Ravencoin (RVN)?
January 2018 was the time when three co-founders came together to start the Ravencoin crypto project. It was released as an alternative to Ethereum and other token-capable blockchains. Ravencoin’s goal was simple — to let users create tokens and transfer assets across the globe within a few minutes. Interestingly, Ravencoin allows you to create and transfer real-world tokens, which can be anything from an event ticket to a collectible.
Summing it up, Ravencoin is a peer-to-peer blockchain network (hence, it is decentralized) optimized for asset transfer.
Ravencoin is an open-source project holding plenty of benefits for everyone with an urge to create or transfer assets.
Resistance to ASIC
Ravencoin uses its own mining algorithm known as KawPoW. It is similar to Bitcoin’s Proof-of-Work (PoW) mechanism, with a significant difference. It makes RVN mining possible for everyone with a computer, without sophisticated ASIC hardware. All because it creates math problems an average computer can solve.
RVN coins have been in free access from day one. No coins were allocated for founders or developers. No pre-sale or initial coin offerings (ICO) were applied either. So, everyone had equal odds of mining or buying this cryptocurrency.
Community-Driven and Truly Decentralized
The KawPoW is truly unique as it promotes decentralization the way it was meant to be implemented in the blockchain. With this algorithm, the network validation is totally on the community, not just a selected group of people.
What Makes Ravencoin Unique?
Ravencoin is built around a Bitcoin fork. In other words, its developers took the open-source Bitcoin code. Then, they tweaked it to optimize the blockchain to their own needs. So, here is what is new in Ravencoin:
- The coin supply of RVN is 21 billion — it’s 1,000 times more than Bitcoin;
- The new mining algorithm — KawPoW — makes mining available to everyone;
- Reduced block time — Ravencoin’s 1 minute compared to Bitcoin’s 10 minutes;
- Block reward of 5,000 RVN, which allows issuing personalized assets, while it’s 6,25 BTC for Bitcoin mining.
Messaging is a new great feature that allows token creators to send messages to token holders. With a voting feature, token holders are free to hold polls, collect votes, or ask questions.
Ravencoin Price Prediction
The all-time-high value of RVN, the native Ravencoin token, was reached in February 2021. It was traded at $0.2854. Will it restore that price soon? Here is an RVN value forecast for the next eight years by DigitalCoinPrice.
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Undoubtedly, Ravencoin is a promising cryptocurrency if you plan to get into asset trading. This is its overall purpose, and we doubt that there will be a shift in the currency’s use paradigm. Anyway, it will never do harm to stay in the loop about its performance and check the RVN to BTC exchange rate from time to time.