Ravencoin price prediction: What happens now?
Ravencoin has recovered in recent weeks, but what’s the latest Ravencoin price prediction?
Ravencoin is one of the more interesting concepts in cryptocurrency. With an up-and-down price history, is it possible to make a ravencoin (RVN) price prediction with any accuracy? Perhaps not, but that has not stopped people from trying.
Ravencoin (RVN) is the native coin of the Ravencoin blockchain. This blockchain, which is based on the Bitcoin code, allows people to create their own tokens by burning ravencoin. That is a very simple explanation, but you can find out more about it in this article here.
Ravencoin’s early price history
Before we go into the ravencoin price prediction, let’s take a look at its history. While past performance is no guarantee of future results, one thing to note about ravencoin’s price history is that it has experienced a lot of peaks and troughs since it first launched in 2018. This is not one of those coins that was stuck in the same range for a length of time before booming. Instead, its first year or so of open trading is a good example of the kind of volatility involved in cryptocurrency.
On 10 March 2018, ravencoin opened at $0.0265 before hitting an intraday high of $0.0343 on 12 March. What looked like an initial boost turned away, though, and it fell to an intraday low of $0.0171 on 18 March. There was some encouragement when it reached an intraday high of $0.07292 on 27 March, having had an intraday low of $0.03627. This means that it more than doubled in mere hours before falling back down to close at $0.06977.
Ravencoin then settled down to trade at around the $0.03 mark until 4 May, where it hit an intraday high of $0.05779 before slumping to close at $0.02933 on 7 June. It stayed around this level for a while until October 2018, when it shot up again, trading at $0.06079 intraday on 23 October. The RVN price then fell, dropping below $0.03 on 14 November, and again below $0.02 on 22 November. It broke back through that level on 27 November, then fell again on 2 December. It did not get back above that level until 3 March 2019, when it closed at $0.02371.
Ravencoin then went through a bit of a boom period, reaching an intraday high of $0.06928 on 29 March, up 192% from a few weeks earlier. On 7 April 2019, it reached a high of $0.07414.
Then the RVN price started to dwindle, reaching an intraday low of $0.04114 on 10 May before hitting a high of $0.08026 on 3 June. Then it slowly entered a downward trend. This downward trend continued for some time, and between 4 November 2019 and 3 February 2020, it stayed below the $0.03 mark. While it spent most of February 2020 above that point, it fell down again at the end of the month.
On 13 March, RVN reached its all-time low, falling to $0.008794 in intraday trading. There was a recovery of sorts and it closed that day at $0.01435. It stayed somewhere between one and two cents until 24 May, when it hit an intraday high of $0.02045.
The RVN hovered around $0.02 until the end of September 2020, when it fell below that point again and did not recover until 29 January 2021, when it closed at $0.02704.
RVN price history since 2021
The early part of 2021 was a boom time for cryptocurrency, and ravencoin got caught up in the market’s general excitement.
On 30 January, RVN reached an intraday high of $0.03915. While it was soon back below $0.03, it went back up to close at $0.03006 on 5 February. There was more growth to come, and it broke through $0.04 on 9 February, hitting an intraday high of $0.05337 the following day. It wasn’t stopping there, though – on 18 February, RVN reached an intraday high of $0.1005, breaking through the 10 cent barrier for the first time.
After that, the coin’s price kept growing, setting an all-time high on 20 February. After an intraday low of $0.1401, RVN more than doubled to reach $0.2854. Although it could not quite sustain that price level, the coin hovered around $0.20 before hitting $0.2639 on 14 April. The coin could not maintain that level, however, and hovered around $0.15 before the great crypto day crash of 19 May. At that point, ravencoin had an intraday high of $0.132, followed by a 57% price drop to $0.05649 before it recovered to close the day at $0.08647.
RVN’s price then stayed below its pre-crash high for some time until 10 August, when it reached a high of $0.1412. It then grew to $0.1769 the following day and, despite some dips, maintained a price close to where it had been before the events of 19 May.
RVN was trading at around $0.111329 at the time of writing on 5 October. So that’s the coin’s past, right up to the present moment.
But what of the future? What is the Ravencoin price prediction? Let’s see what other analyst sites are predicting.
RVN price prediction
First, WalletInvestor’s ravencoin (RVN) machine-language derived price prediction is for ravencoin to reach $0.18 in a year’s time and $0.47 in five years’ time.
Next, Digitalcoin’s ravencoin price prediction 2021 is $0.168. The site sees the coin’s price rising to $0.198 in October 2022 and then $0.243 12 months after that in 2023. The RVN price should then go to $0.2680 in October 2024, with a price predicted of $0.344 in October 2025. By October 2026, Digitalcoin predicts the price will be $0.392 then $0.384 a year later and $0.483 in October 2028.
Finally, Gov Capital’s custom algorithm says that RVN should be stable. Its ravencoin price prediction 2021 suggests it should end the year at around $0.114.
The same site offers an RVN price prediction of around $0.181 for 5 October 2022, with a suggestion that it should be about $0.281 by 5 October the following year. On 5 October 2024, the RVN price should be around $0.426, while a year later, it suggests a ravencoin price prediction 2025 of around $0.582. By 5 October 2026, it is expected to be around $0.756.
There are a number of potential reasons why ravencoin is going up.
First, the cryptocurrency market is recovering from the crashes of late May, and there is some truth about a rising tide lifting all ships.
Second, RVN is an interesting development for people who think that there is potential to a Bitcoin-based blockchain that allows people to make their own tokens.
Third, it is possible that this is just a blip, and the market could correct itself. Be careful – always make sure you do your own research before you invest.
It might, but if it does it will not be for a while. The most optimistic ravencoin (RVN) price prediction is from Gov Capital, which says the coin could potentially reach $0.77 in early October 2026.
Remember, though, that this is acknowledged to be the highest possible estimate. That is not to say that it cannot reach $1, it’s just that it will not likely happen for a long time if it ever does.
It might be. We do have to issue a word of warning here, though. While the forecasts are optimistic, it is worth pointing out that forecasts are very often wrong.
If you want to invest in ravencoin, you will need to do your own research. Remember that cryptocurrencies can be extremely volatile, and like RVN’s price history, can go down as well as up. Therefore, you should never invest more money than you can afford to lose.