Ravencoin Price

Read everything about the Ravencoin Price.

Follow the Ravencoin price in euro

The widget given above shows the overall performance of the Ravencoin price for the last 24 hours. All prices that are given are for 24 hours, because trading of cryptocurrency never stops at all. Visitors can see the current Ravencoin price on the top left corner of the chart. A big difference with classical stock exchanges is that they remain active on weekdays in fixed hours and they close trading on weekends.

However, cryptocurrencies never stop and remain open throughout the week, month and year. In the widget you can also check the overall performance of the Ravencoin price over the past 24 hours, for the last week (7D), 30 days (30D), since the beginning of this year (shown by clicking on YTD) and since its first listing (displayed as ALL). You can also see the current exchange rate of the RVN value in euros including all trading fees, which is displayed at the bottom of the chart.

RVN price in euros and dollars

The below table shows you more information about the Ravencoin price during the last week and even for the month. You can also see the market capitalization and highest or the lowest price over the last 24 hours.

If you want to switch between euros and US dollar, you have to click on EUR and USD.

Disclaimer: The prices given in the above chart may differ a few cents in both currencies (dollars and euros), because the price data is provided by two different companies.

The history of Ravencoin’s price

The Ravencoin project was created in 2017 and the Ravencoin ICO was held on January 3, 2018. It is a classical digital currency that operates as a peer-to-peer system. Being a more advanced hard fork of Bitcoin, Ravencoin focuses more on security and open access. The Ravencoin project became popular right after its launch. In March 2018, the Ravencoin price rose up to 30% after being listed on CryptoBridge and Nanex. However, in May, the price went down to $0.012 and started steadily evolving. This was a time when RVN coin was not globally available and the price showed downtrend throughout the year. In November 2018, Ravencoin announced the launch of the Ravencoin asset layer, which will enable the project to generate unique tokens

In 2019, from February to April Ravencoin marked a strong growth and won awards of the traditional finance industry. During this period, Ravencoin price rose to it’s all-time high trading against Bitcoin and the US dollar. After this peak, the price began to decrease gradually.

The Ravencoin price remained between $0.032 and $0.05 for the rest of the year. In the start of 2020, the price fell back up to 0.02, which was not a positive sign. But in February, it started to recover up till $0.039. RVN saw its all-time low value of $0.008932 on 13 March, 2020, during Black Thursday.

After it entered the market, Ravencoin achieved a positive image by working with several big players and by introducing new features. In 2019, cryptocurrency network Tzero announced its support for Ravencoin. In September 2019, Ravencoin organized the first meetup in Asia to introduce their products to the Asian people. In 2020, Ravencoin announced its plans to launch a Raven membership coin. Binance US enlisted the Ravencoin in the same year.

Moreover, Ravencoin has been steadily getting ranking on CoinMarketCap. In 2020, in the mid of February, OKEx announced a new listing of Ravencoin to its spot market with RVN/BTC and RVN/USDT. Moreover, the team behind the Ravencoin is working hard to overcome the security issues to avoid scams.

Ravencoin historical prices

The below displayed table shows the historical price of RVN over the last week.

How is the Ravencoin price established?

The criteria for the Ravencoin price is the same as which one is applied to the stock exchange. Just like every asset, the price of Ravencoin depends on the balance between supply and demand. Both buyers and sellers determine the prices by bidding on one another. If the buyers are greater in number than sellers, then the prices will go up and if the number of sellers is greater than the buyers then the prices will become low.

Moreover, the opinions of famous people in the market can also affect the RVN price. We know that cryptocurrencies are new in the market so news of the day can influence the price in negative or in a positive way. Cryptocurrency scams or hacks can also carry a negative impact on the price.

Ravencoin price prediction

It is obvious that there is no authentic source which can foretell whether the Ravencoin price will increase or decrease in near future. The Ravencoin price can change instantly so it is not easy to predict the future price. However, the high volatility of the price makes it more appealing for the traders to invest in the RVN coin. The team behind the project is coming up with new partnerships, roadmaps and constantly working on node modernization to improve the system, which will positively affect the Ravencoin price.

What do you need to take into account with the Ravencoin price?

The nature of the Ravencoin price is volatile and shows rapid ups and downs. So it is not a good thing for classical investors, who are used to traditional stocks. In the past trends, you can see the high peaks and deep lows of the RVN prices. This is because even a single leading investor can affect prices with just a single order. Please make sure you must only invest money that you are willing to lose.

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