Ravencoin (RVN) is a digital network which focuses on the implementation of transferring assets on the blockchain. It has been built on a fork of the Bitcoin code with some modifications. It has a shorter block time, a bigger coin supply and different mining algorithms.
It also has a special feature which enables users to issue and exchange token assets on the network. These tokens can symbolize anything, such as real or digital goods, shares or rewards.
The daily RVN/USD chart illustrates the price heading towards its recent swing high. The bears attempted to push the price down which failed near the recent support due to dominance of bulls near the support area.
Moreover, the trend analysis showcases that the price persits in a long term positive trend for the past three months. Due to this the bulls are turning aggressive at the lows and surge the price higher.
Currently, the RVN price is expected to form higher lows and higher highs. Also, the price hovers above the 50-day and 200-day EMAs, suggesting a bullish outlook.
The volume analysis shows that the trading volume dropped by 8.35% and reached $13.032 Million in the past 24 hours. The RVN crypto ranks 165th among the top cryptos with a live market cap of $308.09 Million. The volume-to-market cap ratio is 4.35 indicating low volatility.
Ravencoin Price Prediction 2023
The price prediction of RVN crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.025, indicating an upside potential of over 11.97%. The pessimistic outlook of the analysts hopes the price may drop to $0.020.
Ravencoin Price Prediction 2024
As per the analysts, the most optimistic target that the Ravencoin crypto price may achieve is $0.048; indicating an upside potential of 112.01% from the CMP. The minimum analyst price target is $0.0268 by the end of 2024.
Ravencoin Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the RVN price may reach a high of $0.0852. The price may reach $0.0681 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.0434.
Ravencoin Price Prediction 2026
The Ravencoin cryptocurrency price may reach a high of $0.109 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.824 by 2026.
Ravencoin Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Ravencoin crypto estimates a price target of $0.146. The minimum price target that RVN may achieve by 2027 is $0.1082.
Ravencoin Price Prediction 2028
The analysts are optimistic about Ravencoin cryptocurrency (RVN) and predict that the price could go up to $0.2203 in the next five years. However, the pessimists expect the price to reach a high of $0.1481.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2023/12/26/ravencoin-price-prediction-rvn-crypto-to-hit-new-peaks-soon/