Ravencoin is free and opens sourced asset, created on the fork of a Bitcoin code which is produced to meet the demand for protection and assets across borders. The Ravencoin users could issue tokens on the RVN blockchain based on any assets, and the user issuing could manage all the properties of the symbol as Ravencoins do not require mining. The only commonality with Bitcoin is that these tokens can be transferred with equal ease as BTC. Raven offers the capability to create unique tokens just like the ERC 721 token, that present authenticity to the tokens. Ravencoin has all the qualities of a good crypto project as its a Proof of Work (PoW) project which can’t be mined easily, and even the founders have no majority holding of coins. But since it has been listed on Binance, the world’s largest exchange, Ravencoin has got quite an awareness from the crypto space and apparently because of its unusual use case and skyrocketing price.
- 1 What Is Ravencoin?
- 2 Market Prediction For Ravencoin
- 3 Ravencoin sees a massive 25% price hike following Vertbase and Binance announcements
- 4 Ravencoin Price Prediction 2019
- 5 Ravencoin Future Price Prediction In 5 Years
What Is Ravencoin?
Ravencoin was started on January 3, 2018, that too, on the 9th anniversary of the launch of BTC. Ravencoin is based on the Proof of Work (PoW) agreement mechanism but the hashing algorithm is different from that of Bitcoin, and it doesn’t enable ASIC mining. Raven was designed as an alternative to ERC20 transfer protocols or BTC. Ravencoin had no ICO sale and was backed by Medici Ventures, that is dominated by Overstock. The Raven token is mainly used to pay fees on the network and even employed as a reward system for the developers. Raven also gives as a means of communication within the issuer and the holder. For example, the message from the issuer can notify the holders for voting to take place and every holder can be allotted a vote token to facilitate their experience.
Market Prediction For Ravencoin
As Ravencoin was built as an alternative to Bitcoin and is built on the fork of the Bitcoin code, widespread Ravencoin price speculations are revolving around its potential. Let us check the RVN price predictions given by the crypto prediction sites:
#1 Crypto Info Base
Crypto Info base understands that Ravencoin may perform well in the forthcoming months and they projected that by winter 2019, Ravncoin might touch $0.07.
#2 Wallet Investor
Wallet Investor is one of the forecast websites which believe that Ravencoin may go down to $0.0128. Wallet Investor has always been a little bit of cautious on their prediction part.
#3 Coin Predictor
Ravencoin projections by Coin Predictor foretells that Ravencoin may reach $0.007471 by this quarter, which also states that Ravencoin may go down slightly in the coming months, after which it might go up in the following part of the year.
#4 Crypto Ground
Crypto Ground has given a comprehensive analysis of Ravencoin and has foretold that in 6 months, RVN might reach $0.0308, and in a year, Ravencoin can surge to $0.0353. In 5 years time frame, Ravencoin might touch $0.0803 as per Crypto Ground.
Ravencoin sees a massive 25% price hike following Vertbase and Binance announcements
With the crypto market trading sideways, no unusual movements were seen in the business. The exemption, however, was a massive growth in the value of Ravencoin [RVN]. The free and open source plan saw a notable bullish movement on the back of two significant decisions that pushed the coin from the external edges of the top-100 to within touching range of the top-50. Vertbase, the US dollar-specific crypto exchange, declared on March 1 that RVN had been listed, being the initial exchange to offer such a pairing.
Ravencoin Price Prediction 2019
Ravencoin is planning for IPFS integration, which would be utilized for issuance meta-data, transaction meta-data and messaging. Ravencoin has been planning to introduce the “messaging” characteristic also by 2019 end where the message displayed is subjected to heuristic anti-spam rules. The IPFS access would be set on default and can be turned off with a flag. This two-phase strategy of “messaging” and “IPFS integration” by Ravencoin will provide RVN to use IPFS natively, and by 2019 end, RVN might touch $0.02797.
Ravencoin Future Price Prediction In 5 Years
Ravencoin might rise to higher limits over five years time frame. It might grow by over five times the price as of today. Five years is a lot of time to, and it might be enlisted in the top 10 cryptocurrencies also. By 2023, Ravencoin may reach $0.11411.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.