RavenCoin is one of the most surprising cryptocurrencies to be on the rise this year, according to some. This RavenCoin price prediction for 2022 is based only on technical analysis. The important metrics that we considered when developing our RavenCoin price prediction and analysis are listed below. It is not directly related to Bitcoin, and it is not the most popular cryptocurrency today. RavenCoin, on the other hand, has been around since 2017. It recently made headlines after reaching around $0.285 on February 20, 2021.
Is it possible for RavenCoin to reach $0.10 in 2022? We’ll find out soon enough. But, before we get into our RavenCoin price prediction, let’s first address the question “What is RavenCoin?” in our RavenCoin price prediction 2022 post.
What is Ravencoin (RVN)?
Ravencoin is a piece of software that aims to incentivise a network of computers to run a platform that would allow users to generate a new class of crypto assets. The protocol is intended to make it easier to create and transfer tokens representing real-world assets like equities, collectables, gold, event tickets, and even airline miles.
Ravencoin was created as an open-source clone of Bitcoin’s software, which means that its developers copied and updated Bitcoin’s code to incorporate extra features aimed towards other aims.
Other modifications include one-minute block timings, a block reward of 5,000 RVN (RavenCoin’s cryptocurrency), and a maximum supply of 21 billion RVN. Ravencoin employs a consensus process similar to Bitcoin’s Proof of Work to protect its network (PoW). However, rather than using specialised gear, any user who wishes to become a miner may do so using their own CPU.
Do you believe RVN will be a viable cryptocurrency in 2021 now that we have a better understanding of it? Join me in this RVN price analysis and RavenCoin price prediction as we look at the charts.
RVN’s Current Market Situation
According to the most recent statistics, the current price of Ravencoin is $0.064. Ravencoin has a circulation supply of 10,473,290,000 coins and a market capitalization of $671,895,425. Ravencoin’s price has increased by 8.98 percent in the previous 24 hours thanks to a rise in trading volume and market cap.
Ravencoin is having difficulty competing with other cryptocurrencies. The RVN has fallen by around 26.7 percent in the last seven days. The currency has been demonstrating risky framing segments over the previous few days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.
RVN’s price has dropped by -45.494 percent in the last month, subtracting a stunning average of $0.054 from its present value. This abrupt drop indicates that the currency is now in a slump, which might indicate an excellent purchase opportunity for a quick investment.
Over the last 90 days, the price fluctuated between a minimum average price of $0.11 and a maximum average price of $0.11, resulting in a -42.15 percent price change. Ravencoin has dropped by -43.03 percent in the last four months, with the maximum average price of the coin being around $0.098 and the minimum average price being around $0.091.
Let’s move on to the next section of this RavenCoin price prediction for 2022.
Ravencoin Price Analysis
RVN now ranks at 114th on CoinGecko. The Inverted Cup with handle pattern may be seen on the daily frame chart. According to the graph, the chart shows an inverted cup and handle motif. Furthermore, the pattern signals a time of consolidation that might lead to a quick price breakthrough or crash.
A break below the upper trendline signals the beginning of a new bearish trend, while a break below the lower trendline signals the beginning of a new bullish trend. As demonstrated in the graph, RVN shifted from a bull to a bear trend at the beginning of this month. This is due to the huge number of transactions that occur during that period.
The Relative Strength Index (RSI) is greater than 34.19, indicating that RVN is virtually oversold. However, traders may witness a significant price reversal. As a result, traders must be cautious and avoid surprise losses caused by the crypto market’s unpredictable fluctuations.
RVN’s price has undergone multiple positive swings that are greater than the previous one since the beginning of 2021. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, RVN will have a competitive market in 2022.
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Ravencoin Price Prediction 2022
According to Ravencoin price prediction and technical analysis, the RVN price is predicted to reach an average price level of $0.090 in 2022. The minimum price value is at $0.087 before the end of the current year. Furthermore, RVN might reach a maximum price of $0.10.
Ravencoin Price Prediction 2023
According to Ravencoin price prediction and technical analysis, the RVN price is predicted to cross an average price level of $0.13 in 2023. We are expecting Ravencoin minimum price value to reach $0.13 by the end of 2023. Furthermore, RVN might reach a maximum price of $0.15.
Ravencoin Price Prediction 2025
According to Ravencoin price prediction and technical analysis, the RVN price is predicted to cross an average price level of $0.29 in 2025. We are expecting a minimum price value of $0.28 before the end of 2025. Furthermore, RVN might reach a maximum price of $0.34.
Ravencoin Price Prediction 2031
According to Ravencoin price prediction and technical analysis, the RVN price is predicted to cross an average price level of $2.96 in 2031. The minimum price value will be $2.86 before the end of 2031. Furthermore, RVN might reach a maximum price of $3.50.
Conclusion
Ravencoin has a promising future in 2022. With the current advancements inside the RVN ecosystem and the larger crypto market, we may see RVN reach new heights. The RavenCoin price prediction for 2022 is $0.090. Furthermore, it may possibly reach $0.10. However, investors need to believe that RVN, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a viable investment in 2022.
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