Ravencoin (RVN) is free and open sourced asset, built on the fork of a Bitcoin code which is designed to meet the demand for securities and assets across borders. The Ravencoin users could issue tokens on the RVN blockchain based on any assets (like gold bars, reward points, gift cards, etc) and the user issuing could determine all the properties of the token as Ravencoins do not need mining. The only commonality with Bitcoin is that these tokens can be transferred with the same ease as Bitcoin. Ravencoin offers the ability to create unique tokens just like the ERC 721 token, that provide authenticity to the tokens.
Ravencoin has all the properties of a good crypto project as its a Proof of Work (PoW) project which can’t be easily mined and even the founders have no majority holding of coins. But since it has been enlisted on Binance, the world’s largest exchange, Ravencoin has got quite an attention from the crypto space and obviously because of its intriguing use case and skyrocketing price.
Ravencoin was launched on January 3, 2018, that too, on the 9th anniversary of the launch of Bitcoin. Ravencoin is based on the Proof of Work (PoW) consensus mechanism but the hashing algorithm is different from that of Bitcoin and it doesn’t allow ASIC mining. Actually, Ravencoin was created as an alternative to ERC20 transfer protocols or Bitcoin. Ravencoin had no ICO sale and was funded by Medici Ventures, that is owned by Overstock.
The Raven token is basically used to pay fees on the network and even used as a reward system for the developers. Ravencoin even provides as a means of communication between the issuer and the holder. For example, the message from the issuer can inform the holders for voting to take place and every holder can be issued a vote token to ease their experience.
As Ravencoin was created as an alternative to Bitcoin and is built on the fork of the Bitcoin code, there are widespread Ravencoin price speculations revolving around its potential. Let us check the predictions given by the crypto prediction sites:
Crypto Info base believes that Ravencoin might perform really well in the upcoming months and they forecasted that by winter 2019, Ravncoin might reach $0.07.
Wallet Investor is one of the prediction websites which believe that Ravencoin might go down to $0.0128. Wallet Investor has always been a little bit of conservative on their prediction part.
Ravencoin projections by Coin Predictor predicts that Ravencoin might reach $0.007471 by this quarter, which also states that Ravencoin might go down slightly in the coming months, after which it might go up in the latter part of the year.
Crypto Ground has given a detailed analysis of Ravencoin and has predicted that in 6 months, RVN might reach $0.0308 and in a year, Ravencoin can jump to $0.0353. In 5 years time frame, Ravencoin might reach $0.0803 as per Crypto Ground.
Ravencoin has finally proved itself to be a cryptocurrency and not a “crypt”. In 2019, rewards, or dividends provides a way to send RVN tokens to the holders by percentage of tokens held. Even in phase 5 of its roadmap called “messaging” where a message is broadcasted when the owner or channel token has been sent in a transaction to the same address with an additional IPFS hash and an expiration date which is optional. These developments might take Ravencoin to greater heights, and RVN might reach $0.02797.
Ravencoin is planning for IPFS (Interplanetary File System) integration, which would be used for issuance meta-data, transaction meta-data and messaging. Ravencoin has been planning to introduce the “messaging” feature also by 2019 end where the message displayed is subjected to heuristic anti-spam rules. The IPFS access would be set on default and can be turned off with a flag. This two-phase approach of “messaging” and “IPFS integration” by Ravencoin will allow RVN to use IPFS natively and by 2019 end, RVN might reach $0.02797.
Ravencoin is all set to reach greater heights by 2020 and it might add some more developments to its pipeline, and it might even go high up the ranking order as per the market capitalization. Even, Ravencoin might multiply its user-base exponentially by 2020. Ravencoin might be exposed all the more because of its unique feature, which almost all the masses in the world would love to have. By 2020, Ravencoin might reach $0.091288.
Ravencoin might grow up to higher limits over 5 years time frame. It might increase by over 5 times the price as of today. 5 years is a lot of time to grow and it might be enlisted in the top 10 cryptocurrencies also. By 2023, Ravencoin might reach $0.11411.
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2019-07-24 12:30:56.831317 | 2 min