Revain price prediction: What is Revain (REV)?
Is Revain collecting dust after its all-time high back in 2018?
- Revain explained
- From the Revain whitepaper
- Revain price history
- Revain price prediction
- Final thoughts
Revain aims to give people the opportunity to make and read curated, honest, useful reviews for some blockchain projects. So what is Revain (REV)? Let’s take a look at that, and examine the different Revain price predictions, too.
In a world where there is an increasingly large number of blockchains, blockchain projects and cryptocurrencies, it can, sometimes, be hard to both keep up and know what it is worth paying attention to. It can be hard to know the difference between what is a legitimate review and what is shilling. When we consider that there are some websites that allow people to pay for crypto advertorial without readers knowing that is the case, having constructive criticism and honest feedback available can, potentially, be a Godsend for potential crypto investors.
This is where Revain comes in. It was started in 2018 by a group of technology experts from Moscow, led by Rinat Arslanov, who is also its current CEO, although now based in Dubai, in the United Arab Emirates. Revain is, in effect, an online platform for people to make reviews of crypto tokens based on the Ethereum blockchain. The idea is that it allows both investors and developers to see what people honestly think about projects. An investor can make a decision on whether or not to spend their money on a token, and developers can find out what they need to change and improve to make their product more attractive.
Revain is powered by the REV cryptocurrency. Since Revain operates on the Ethereum blockchain, REV is technically a token rather than a crypto coin. That said, you will see references to the REV coin out there. REV is a utility token, and people who hold it are able to write reviews.
The idea is that trusted, respected, reviewers get paid rewards for writing reviews. The system uses filters to check that people are using “natural” language and are not being too emotional in their reviews which, Revain says, helps to try to make the system’s reviews fairer, more honest, more useful and better. There is another crypto based on the Revain network, RVN, which is at least meant to be a stable coin but, for the purposes of this article, we will be talking about REV.
From the Revain whitepaper
The whitepaper states: “This document describes the Revain platform, which allows users to discuss various projects that have successfully carried out an ICO. Our goal is to create an easy-to-use service that would enable companies to receive constructive feedback about their projects. Meanwhile, users will be able to share their experiences and learn from the experience of others.”
The document goes on to say: “Revain is the first review platform that implements the blockchain technology in order to ensure feedback legitimacy and as a backbone for the economic model which ensures that all feedback is genuine and legitimate. Fragments of reviews are saved in the blockchain, which guarantees that those comments can’t be edited at a later date. The internal token of the system called RVN, helps motivate participants to take their reviews and all related actions seriously.”
Revain price history
Let’s examine Revain’s price history. While past performance should never be taken as an indicator of future results, knowing what REV has done in the past can be very useful when it comes to giving us some context if we want to either make or investigate a Revain price prediction.
REV was first launched on to the open market in November 2017. When it launched, it was worth around $0.10. Not long after this, the crypto market experienced a notable bubble, and Revain was caught in the upwards movement, reaching an all-time high of $4.49 on 18 February 2018. The coin then went down, much like the market and, by August that year, it was trading at around $0.15. There were some peaks and troughs, but the coin’s overall direction was downward, with it slipping below $0.10 in 2019 and, by the end of 2020, it was trading at $0.01165.
While the start of 2021 was a boom time for cryptocurrency, REV was somewhat slow in getting to the party. The price did show some signs of improvement, but it was operating largely at less than $0.015 until early May when, on 11 May, the price spiked to $0.05607. Considering it had been trading at $0.01297 just two days earlier, this was significant progress. Unfortunately for Revain’s investors, though, it fell down, but its post-spike price of around $0.025 that it hovered around over the next few days was a significant achievement for a crypto that looked like it was stagnating.
The Great Crypto Day Crash of 19 May snuffed out any hopes that Revain would grow, at least in the short term. On the day, the price of REV collapsed from $0.02653 to $0.01327, a loss of nearly half its value. While there was some recovery, a poorly performing cryptocurrency market meant that Revain spent much of the summer in the doldrums, with a particular low point coming on 21 July, when it sank to a bottom of $0.00567.
In August 2021, a growth in interest of non-fungible tokens (NFTs) helped the cryptocurrency market to recover, and Revain was one of the many cryptos that received a boost at that time. On 15 August, the token broke back through the cent barrier for the first time since June and, on 4 September, it reached a periodic high of $0.03576. That was, however, as good as things got for REV and the coin started to go into a slow spiral of decline.
Even when the overall market boomed in October and November in the wake of bitcoin reaching new heights, it broke through $0.02 just once, on 4 November when it hit an intraday high of $0.02052. By the middle of December, with the market shaken by concerns over the Omicron variant of Covid-19, Revain fell to below $0.01 and, while there was something of a recovery around Christmas, it closed the year at $0.009249.
While 2022 has not been a very good year for cryptocurrency so far, Revain has consistently underperformed. The token has been on a downward turn that has barely been resisted. Many cryptos experienced lows on 24 February but have since started to recover. REV, on the other hand, dropped from an intraday high of an already weak $0.005832 to a low of $0.004701. That was not the worst of it. The coin hit its low of $0.00084979 on 12 May, following a market-wide crash. A second, more aggressive downturn ensued, and the coin recorded a new all-time low of 0.0007518 on 14 June.
In the following weeks, the coin made a slight recovery and as of 18 August, the token is trading at $0.001202.
According to CoinMarketCap, there are 85.06 billion REV in circulation and a total supply of 85.06 billion. The token had a market cap of around $100m, making it the 274th-largest crypto by that metric.
Revain price prediction
With that all out of the way, it is time to take a look at the REV price predictions. It is important to point out here that cryptocurrencies can be incredibly volatile and, as such, crypto forecasts, especially longer-term ones, can very often be wrong.
First, TradingBeasts has a Revain price prediction for 2022 that suggests the token can reach about $0.0017305 in September, representing an upswing of about 40%. The site forecasts reaching an average of $0.0020478 in 12 months’ time (up almost 70%). In August 2025, REV could potentially trade at $0.0029046 (up 140% from the current trading price).
Next, UpToBrain is also bullish, suggesting that the REV price can reach around $0.0487 at some point in 2022, while it can rise to $0.053 in 2023. The following year, there should be more growth to reach $0.0655, while the site’s Revain price prediction for 2025 comes in at $0.078. The token should trade at $0.095 in 2026 and the site also suggests that it can break the $1 barrier, although it does not say when that will be.
DigitalCoinPrice also makes some long-term predictions for Revain, suggesting a value of $0.00227 in 2025. The Revain price prediction for 2030 sees the token come in at $0.00562 before it rises to $0.00633 the following year.
Finally, WalletInvestor strikes a balance with a rather gloomy and bearish stance. The site forecasts that Revain will lose a considerable amount of its value over the next 12 months, and the token will be trading at under $0.0001.
Revain has not been very successful lately. Part of that may be down to it being a Russian-founded crypto operating at a time when its native country’s economy is being hit by a swathe of international sanctions following on from the invasion of Ukraine. Additional market crashes and weak performance have all contributed to the recent all-time low.
While the idea behind Revain is a sound one, it does not seem to have caught on quite as well as it could have done. Part of the reason may well be that it is too niche, focusing on Ethereum-based tokens.
The coin has been performing very badly compared with 12 months or so ago, which may well be cause for concern. Finally, we have to note that REV is one of many cryptos that reached its all-time high more than four years ago. This might indicate that the token may never reach its previous heights. As ever with cryptocurrencies, you will need to be careful.
How many Revain are there?
According to the Revain website there were about 85.06 billion REV in circulation, and a total supply of 85.06 billion as of 18 August 2022.
Is Revain a good investment?
There is a theory when it comes to cryptocurrency that the best time to buy is during the dip, when a crypto has more of an opportunity to reach new heights and maximise investors profits. If that is true, then REV, which is in very much of a dip, might be considered a good investment by some analysts. On the other hand, it has been performing poorly for some time now, so it would be best if you did your own research before investing in Revain.
Will Revain go up?
It could do. Many, but not all, price forecasts for REV suggest it can make something of a recovery. On the other hand, though, we need to remember that cryptocurrencies are highly volatile and prices can go down as well as up.
Should I invest in Revain?
This is a question that only you can answer. Before you do so, you will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.