Ravencoin

RVN Price

What is Ravencoin about?

Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind.

What makes Ravencoin unique?

Ravencoin doesn’t have an established team. It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames). Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team.

What's the history of Ravencoin?

The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining. The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team. Since then, the team has been building out the core functionality of asset support and rewards capabilities.

What's next for Ravencoin?

The release of the Ravencoin mainnet and increase in activity on the platform should help the price. Any news of notable companies or financial institutions utilizing the platform should also have a positive effect. Ravencoin offers just one thing: tokenized asset transfer. And that singular focus isn’t a bad thing. When projects attempt to solve a bunch of problems at once, they often create a bunch of half-baked solutions. Ravencoin is avoiding that. As a young project with seemingly endless competition, it’s difficult to predict how successful Ravencoin will be. An active community and backing from one of the most respected names in online retail are positive indicators, though.

What can Ravencoin be used for?

There’s a clear trend toward the tokenization of all types of assets. However, we have yet to see whether or not Ravencoin will be leading that change.

Where can you buy Ravencoin?

RVN tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Ravencoin is HTX, where the most active trading pair RVN/USDT has a trading volume of $2,491,824.50 in the last 24 hours. Other popular options include MEXC and Binance.

What is the daily trading volume of Ravencoin (RVN)?

The trading volume of Ravencoin (RVN) is $8,453,530.42 in the last 24 hours, representing a 2.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Ravencoin (RVN)?

Ravencoin (RVN) reached an all-time high of BTC0.00001643 and an all-time low of BTC0.0₆1291. It’s now trading -96.10% below that peak and 23.90% above its lowest price.

What is the market cap of Ravencoin (RVN)?

Market capitalization of Ravencoin (RVN) is BTC1,957.7947 and is ranked #294 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RVN tokens (15 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Ravencoin (RVN)?

The fully diluted valuation (FDV) of Ravencoin (RVN) is BTC1,958.0895. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Billion RVN tokens are in circulation today. Depending on how the emission schedule of RVN tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Ravencoin compare against its peers?

With a price decline of -16.30% in the last 7 days, Ravencoin (RVN) is underperforming the global cryptocurrency market which is down -4.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -4.80%.