Ravencoin is a fork of Bitcoin started by finance manager Joel Weight and Bruce Fenton alongside Developer Tron Black in 2018. At the point when it was started in 2018, the group had no designs to acquaint the tokens with be sold openly. It got a colossal endowment from overstock.com Medici Ventures, which changed its point of view toward public exchanging. Ravencoin has consistently situated itself as like any remaining well-known coins like Ethereum, Bitcoin, and others. Ravencoin has consistently substantiated itself to be a purchaser well-disposed stage that can be utilized to trade certifiable resources and NFTs.
The transfer of real-world assets includes securities, gold, airline miles, collectibles, and even event tickets. Since it is a bitcoin fork, it has many features of Bitcoin itself. It provides the opportunity to trade multiple digital coins for the entire community. In Ravencoin, the block times are only one minute, having a block reward of 5000 RVN. There are only 21 million Ravencoin in existence, similar to Bitcoin. But it has shown great promise even though it is one of the latest entries into the cryptocurrency market. If one should compare cryptocurrencie on Alligat0r, Ravencoin, a novice, has proven itself quite well in the market.
What are the history and future of Ravencoin?
Different stages utilize Ravencoin, and they have shown extraordinary guarantee and confidence in digital money. Likewise, since the money is upheld by one of the retail goliaths, in particular Overstock, it very well may be asserted securely that the cash has a solid establishment to develop on. Since the organization delivered the Ravencoin Mainnet and is considerably more practical, covering the bases that Bitcoin needs, it has acquired a lot of footing.
This year the money had arrived at an unsurpassed high of 0.28 dollars. Yet, from that point forward, the cost has evened out at $0.13. It can’t be rejected that the coin is extremely unpredictable and has seen weighty changes in cost. It tends to be expressed that financial backers don’t, in any case, have sufficient trust in the coins since the organization is relatively not mature enough in cryptographic money principles. Thus, it will, in any case, require some more years to acquire financial backer certainty. Moreover, the organization should show some good results and profits to help its image and cause. It will also help the company get a stronghold in the market.
For the time being, the coin can be anticipated to stretch around a most extreme cost of $0.19 by December 2021 end. In 5 years, it can expect that the price can reach $0.20. Even though it seems like a small number it is a 400% increase from the current price.
It cannot be denied that the company has a very large scope to grow and prove themselves in the sector they are advertising themselves to be in. But the company should also invest more in revamping its image and continue working on delivering its promise. It will help them grow and help the investors gain confidence in the company, thus driving the price much higher than it is currently. Maybe, it can be the next Bitcoin or Ethereum, but only time can reveal the result. But even if one day that may be possible for now, the coin is best suited for day trading and swift exchange with small profit booking. A good choice can be exchanged from RVN to ADA since it can surely help the investor get higher profits due to the nearness in the base price of the coins.
Ravencoin is in its early stage and requires quite a while to lay down a good foundation for itself on the lookout. But in any case, investors should watch the organization closely. As any new movements and improvements by the firm would influence the price.