Ravencoin Price Prediction for 2025 — What Will the Popular Mining Coin Be Worth?
The crypto market is full of opportunities. Some investors prefer to invest in new coins released in the market so that they can see their value skyrocket in short periods. Others prefer using dollar-cost averaging and investing in solid coins like Bitcoin to slowly accumulate wealth. Stakers invest in cryptos that provide passive income and lock their funds for extended periods.
And then, there are the miners. These individuals risk it big by investing in expensive hardware to help secure blockchains and receive rewards for their effort. And for their effort to be worth their while, they need a reliable cryptocurrency to mine.
Ravencoin has been very popular with miners ever since it was released. It has a simple premise and provides a great way to start making passive income by running your mining rigs.
In this article, we will analyze the fundamentals of RVN and see whether it’s still worth your investment. We will also provide a credible RVN price prediction for those interested in the future price action of this popular crypto.
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What Is Ravencoin?
Released in 2018, Ravencoin doesn’t offer any bells and whistles like most second-generation cryptocurrencies. It doesn’t have a complicated ecosystem or smart contracts capability. Even its consensus mechanism is based on the basic Proof-of-Work, which has trouble scaling with mass usage and consumes a lot of electricity.
So why does Ravencoin have any value? RVN has a single purpose that is transferring value over the internet. Moreover, it uses an ASIC-resistant algorithm called KAWPOW, with the goal to make mining a lot more democratic.
ASIC-resistant algorithms were created to stop manufacturers from releasing hardware that makes commercial-grade machines obsolete. Anyone who constructs a GPU rig can effectively mine Ravencoin and participate in securing its blockchain without the risk of being outrun by the competition overnight.
It has made RVN extremely popular with GPU miners that looked for an alternative to mining Ethereum or Ethereum Classic. RVN may be more attractive to miners, especially if you consider the latest ETC price prediction 2025 from the Godex team.
It is worth noting that RVN is a fork of the Bitcoin original code. As such, it inherits a lot of the properties of the original cryptocurrency. However, it also has a few crucial differences, such as:
- max supply of 21 billion RVN (which is 1,000x than that of BTC);
- fixed block reward of 5,000 tokens compared to the current 6.25 for BTC;
- block time of 1 minute compared to 10 minutes for BTC.
Ravencoin Price Analysis
When Ravencoin hit the markets, it was an oddity. It came out when all coins were trying to crowdfund their release through ICOs or other mechanisms. Instead, the RVN coin was released for mining quietly, without too much promotion.
The price of RVN never skyrocketed like so many cryptocurrencies during the 2017-2018 bull market. While the price did reach a new ATH in 2018 ($0.06), it was a much more conservative increase compared to other tokens released at the same time.
That said, it also meant that the price didn’t crash miserably like most of the market. RVN remained a viable investment throughout the years, reaching a low price of $0.015 by the end of 2020.
RVN’s investors and holders were pleasantly surprised when the price pumped an incredible 865 percent in February2021, reaching a record-breaking level of $0.22. Although prices have retraced considerably, there is still hope for investors as prices hover around $0.13.
Ravencoin Price Prediction 2021–2025
Here is why there is a huge possibility that the Ravencoin price will continue to go up. In 2022, miners will have to abandon the Ethereum network, as it will be switching to a Proof-of-Stake consensus. It means that GPU miners will be looking for an alternative to make steady profits, and Ravencoin fits the bill perfectly.
If the market continues its bullish momentum, we could see RVN tokens reach $0.5 by the end of 2021. And because the premise is quite simple, there aren’t many updates needed for the Ravencoin blockchain to continue providing its services.
It could mean that the coin could continuously gain in value over the years and reach $2 by the end of 2025. Contrarily, RVN prices could drop under the $0.1 mark once again if the market returns to a more bearish status.
Ravencoin is a decent cryptocurrency for both investors and miners. It does not provide any vast advancements in the crypto ecosystem; instead, it allows for secure, fast, and smooth transactions. It is a reliable coin for GPU miners looking for passive income profits and an alternative once Ethereum shuts down its Proof-of-Work blockchain.