Ravencoin (RVN) Price Prediction: Will RVN Price Reach $0.15 in 2022?

• Bullish RVN price prediction ranges from $0.044 to $0.131.
• RVN price might also reach $0.15 this 2022.
• RVN’s bearish market price prediction for 2022 is $0.016.

Ravencoin is a peer-to-peer digital coin that can be transferred from one user to another. Its native currency is denoted as RVN.

Ravencoin investors are bullish on the token since it has had a return on investment (ROI) of over three times in the past two years. The crypto bubble 2021 led to an increase in the price of RVN to its present all-time high (ATH) of $0.2854, attained in February 2021. Irrespective of the recent crypto winter, RVN investors are confident that the future of RVN is bullish.

If you are interested in the future of Ravencoin (RVN) and want to know the price analysis and price prediction of RVN for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Ravencoin (RVN)?

Ravencoin is a blockchain platform for peer-to-peer digital transactions. It was founded in October 2017 by Tron Black, Bruce Fenton and Joel Weight, who were behind its whitepaper.

Some factors that make Ravencoin unique are that it has no pre-mined coin and does not conduct an initial coin offering (ICO). It believes in fair mining and uses the KAW Proof of Work (KAWPOW) consensus algorithm, which helps in more decentralized mining. 

Ravencoin would be a fork if Bitcoin with came code but some different programming like 5000 block rewards like that of Bitcoin that is 50. Transactions can be completed within one minute, unlike Bitcoin, which is 10 minutes. It has a plan to support future voting for governance proposals. Recently, it got listed on the Kucoin exchange as investors believed in its bullish future. Developers can build on Ravenchain and attach any attribute to the asset.

Ravencoin (RVN) Current Market Status

The maximum supply of RVN is 21 billion RVN, while its circulating supply is 10.47 billion RVN, according to CoinMarketCap. At the time of writing, RVN is trading for $0.03613, representing 24 hours decrease of 2.81%. The trading volume of RVN in the past 24 hours is $169.34 million, representing a 4.04% increase.

Some top cryptocurrency exchanges for trading Ravencoin (RVN) are Binance, Kucoin, Huobi Global, Gate.io, and others.

Now that you know what Ravencoin is and its current market status, we shall discuss the price analysis of Ravencoin (RVN) for 2022.

Ravecoin (RVN) Price Analysis 2022

Currently, RVN is ranked in the 88th position on CoinMarketCap. Will developments and upgrades within the Ravencoin community lead to a rise in the price of Ravencoin (RVN)? We shall see in this CoinEdition price analysis 2022 article.

Currently, RVN is ranked in the 88th position on CoinMarketCap. Will developments and upgrades within the Ravencoin community increase the price of Ravencoin (RVN)? We shall see in this CoinEdition price analysis 2022 article.

Ravencoin (RVN) Price Analysis – Keltner Channel

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Ravencoin (RVN), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of RVN might be sustained before any reversal would be expected.

Ravencoin (RVN) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Ravencoin (RVN) 1day chart of RVN/USDT is 60.52. This shows that RVN is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Ravencoin (RVN) Price Analysis – Moving Averages

The chart above shows the 1day chart of RVN 200-day and 100-day Moving Average (MA). The recent uptrend indicates that RVN is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Ravencoin (RVN) might experience a surge soon before it dips.

Ravencoin (RVN) Price Prediction 2022

Looking at the daily chart of RVN/USDT, the RVN price was swinging from $0.057 resistance2 to $0.044 resistance1 after touching the support levels of $0.027 and $0.016. It reversed from the support level of $0.027 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term RVN price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect RVN to reach $0.15 in 2022.

Ravencoin (RVN) Price Prediction-Resistance and Support Levels

This bullish chart shows that the price of RVN has increased by 7.3% in the past 30 days. If this price decrease reverses, RVN could break the $0.044 resistance1 level, move higher to $0.131 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of RVN might be dethroned from its present uptrend position. In simpler terms, RVN might trend below the $0.016 support level and even lower in 2022, a bearish signal.

Ravencoin (RVN) Price Prediction 2023

If the value of the relative strength index (RSI) of RVN is above 60 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, which could make the price of Ravencoin (RVN) trade around $0.2 by the end of 2023.

Ravencoin (RVN) Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of Ravencoin. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of RVN trade at $0.3 by the end of 2024.

Ravencoin (RVN) Price Prediction 2025

By 2025, the Ravencoin (RVN) price could rise to $0.6. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Ravencoin platform to ensure its users are relatively increasing, this price target could be attained.

Ravencoin (RVN) Price Prediction 2026

With the number of RVN hodlers on the increase and the growing sentiment about cryptocurrencies, RVN has the possibility of holding most of its recent gains and consolidating. Hence, the price of RVN could trade around $1.2 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Ravencoin (RVN) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of RVN could surge to $2.4 by the end of 2027.

Ravencoin (RVN) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Ravencoin (RVN) could hit $4.8 by the end of 2028.

Ravencoin (RVN) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of RVN to $7 by the end of 2029.

Ravencoin (RVN) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Ravencoin (RVN) to trade around $10 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, RVN might reach $0.15 in 2022 and $10 by 2030 if investors have decided that RVN is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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