In this guide, we will voice our own and market’s opinion on RVN future while discussing Ravencoin price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Ravencoin.
Now, let’s head into it. Before we delve deep into the Ravencoin price prediction and answer questions if RVN is a good investment or not, why will RVN succeed or fail or why will Ravencoin price rise or drop, let’s quickly throw a glance at what is RVN and its to date history.
Ravencoin, a fork of Bitcoin, is a relatively young token; it’s only since January 3, 2018 that it’s been hovering among the crypto currencies. But in the last months, the coin has attracted attention thanks to its price meteoric rise. The name is the fictitious one, is borrowed from the fictional world of Game of Thrones.
The official medium post for Ravencoin describes it as “a digital peer-to-peer network for the facilitation of asset transfers”.
It is essentially an open source fork of the Bitcoin code with faster block reward times and is aimed at censorship resistance, transparency and privacy.
Ravencoin was created from the Bitcoin codebase but utilizes the X16R mining algorithm. The ASIC-resistant coin utilizes 16 different mining algorithms which automatically further increases the security of the network.
Ravencoin blockchain is designed to serve specific purposes. On the one hand, it should help to determine ownership of assets in a flawless manner. On the other hand, Ravencoin, similar to Bitcoin, wants to make direct payments possible. As the open source project on the homepage emphasizes, it is completely decentralized: Neither master nodes nor especially nor ICO are behind the project.
Ravencoin (RVN) has all the properties of a good crypto project: no ICO, no founders holding majority of coins, it is a PoW project where anyone can mine it with their CPU thanks to the ASIC resistant design of the mining algorithm, it is backed by couple of reputable names of the crypto space like Bruce Fenton and Tron Black, it pays homage to Bitcoin and is very respectful of the work of the core developers from which it was forked which in turn secures them the help from couple of those Bitcoin developers etc.
Captainaltcoin’s RVN Price Prediction 2021
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will RVN develop in the short-term (for the next 90 days), according to our prediction model:
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Ravencoin Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
RVN Price Prediction 2025
Our prediction model sees RVN reaching $ 0.0368 in 2025.
What will RVN be worth in 5 years?
The price of RVN in 5 years could lie around $ 0.0342, according to CaptainAltcoin’s prediction model.
Ravencoin Price Prediction 2030 – 2040
What Ravencoin will be worth in 2030?
Our forecasting model sees Ravencoin reaching $0.0921 in 2030.
What Ravencoin will be worth in 2040?
Our forecasting model sees Ravencoin reaching $0.1842 in 2040.
Will Ravencoin replace / surpass / overtake Bitcoin?
No, Ravencoin will not replace or overtake BTC.
Can Ravencoin reach $10?
No, our prediction model sees no possibility for Ravencoin to reach $10 in the short or mid-term period.
Is Ravencoin worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Ravencoin is worth buying.
Is Ravencoin a good investment?
Ravencoin is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Ravencoin be worth?
For the short-term future, it could reach $0.0163. In the long-term (8-10 years), it could jump to $0.0921 or even higher.
Can Ravencoin reach $1?
Yes, it is possible that Ravencoin can reach $1 but only in the distanced future, after 2030.
How high will Ravencoin go?
Our forecasting model sees Ravencoin price exploding and reaching $0.1842 in a distant future.
What is the short-term prediction for Ravencoin?
Ravencoin will reach $0.0163 in the next 90 days, which is a 37% change over the current price which hovers around $0.0259.
Can Ravencoin make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Ravencoin millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Ravencoin could make you a millionaire.
Ravencoin Price Prediction Today - What will be the price of Ravencoin tomorrow?
Ravencoin will hover around $0.0282 tomorrow.
Ravencoin (RVN) Future Outlook
However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).
As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will RVN be among those 5%?
Good probability of that happening.
Raven’s potential based on use case as a platform for assets in a market that is moving to a tokenized model which is anticipated to be a 10-40 trillion dollar market space is top 5-10 level. If it gets to that range, even with the rest of the market in doldrums, you are looking at dollars not cents. If Raven manages to capture a fraction of a percent of that market it is dollars not cents.
This is the killer app of blockchain, this will take time to develop, but if raven reaches anywhere near its potential this stage will hardly register in the all time charts.
Why will Ravencoin fail?
No matter how strong the project, there will always be doubters and those who ask is Ravencoin dead and why will it fail. Below are some of the price depressing factors you should consider before buying RVN.
Most recent bull run still keeps RVN holders in the bull delirium and they start dreaming about some unrealistic price levels, like reaching the $1 mark. The inflation of RVN is massive, 7.2 million new coins enter the circulation every day diluting the value of the existing supply. Its current available supply is 2.2 billion, so there is a lot of coins to enter the circulation before we reach 21 billion total supply.
Supply/Demand is a simple economic factor that affects the price of many things. If a cryptocurrency has a high token supply with little demand from traders and users, then the cryptocurrency’s value will drop. Conversely, if the supply of a particular cryptocurrency is limited and the demand is high, then the value of the coin will increase. Supply of RVN coins is not huge right now but keeps growing at a big rate, as already mentioned. This is a negative, downward pressure on the RVN price.
This dynamic is tied to another basic economic principle, scarcity. Scarcity refers the gap between limited – that is, scarce – resources and theoretically limitless wants. With 21 billion of tokens, RVN is anything but scarce, at least for the current level of its adoption.
Why will Ravencoin succeed?
So why will Ravencoin rise and go up in price? There are a lot of potential price catalysts, some of them are brought about below.
The upward price pressure will be exerted with the adoption as every new asset creation event burns 500 RVN, mitigating the inflation and lowering the coin supply. The more users on the RVN platform, the better for its price.
Ravencoin has a big company backing it – Overstock is one of the largest investors in the project. Also Medici Ventures is a big fund that is a public and open supporter of Ravencoin that already used RVN to make a $3.6 million security transfer over the RVN blockchain.
Another positive price factor will be also adoption-related. If a company decides to put their shares on the Raven blockchain and pay dividends to token holders they must pay them RVN. This means that once a quarter / year (however it is decided) they will need to acquire enough RVN to pay out in the form of dividends.
All of this indicates that Ravencoin has a solid team behind the project that has a really steep mountain in front of itself that needs to be conquered. Holding RVN in 2020 and beyond is a high risk but even higher reward situation. So, if your appetite for risk and investing profile mixes well with this type of asset, Raven and your portfolio would fit like a hand and glove.
All of this summed up means one thing: Ravencoin might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect Ravencoin will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
We don’t yet know which crypocurrencies will make it out of the crypto winter we’re wandering in right now. There are plenty of coins that stand a good chance of weathering the crypto storm and perhaps becoming more relevant as the market contracts and devours some of the weaker projects. However, there are even more of those projects who are already dead but no one noticed yet.
But, looking at things from this point in time and place, it’s reasonable to say that Ravencoin had its five minutes of glory that was based solid fundamentals and broader market discovering the project. It is now time for RVN to step up and continue to deliver valuable and palpable successes to justify the very high expectations investors pinned onto it.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com