Ravencoin is a Proof-of-Work blockchain in that users can create tokens like the Ethereum network. RVN is the symbol of the native coin. Tokens built on the Ravencoin blockchain can be used to tokenize real-life assets. The blockchain is similarly designed to Bitcoin.
With a total market cap of over $185 million, Ravencoin is the No. 128 cryptocurrency by market size. The currency symbol for Ravencoin is RVN and it was launched in January 2018. Ravencoin uses the x16r hashing algorithm and it has a blocktime of 1 minute. There will only ever be 21 billion Ravencoin tokens issued. So far 11.9 billion tokens (56.7% of the total supply) have been issued.
The technical price analysis for Ravencoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Ravencoin.
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Ravencoin FAQs
QWhen was Ravencoin launched?
ARavencoin was launched in January 2018.
QWhat is the blocktime for Ravencoin?
AThe blocktime for Ravencoin is 1 minute. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Ravencoin use?
ARavencoin uses the hasing algortihm x16r.
QWhat was the highest price that Ravencoin ever reached?
AThe highest price that Ravencoin ever reached was $0.29 USD. This all time high price occured on 20 Feb 2021.
QWhat was the lowest price that Ravencoin ever reached?
AThe lowest price that Ravencoin ever reached was $0.0089323 USD. This all time low price occured on 13 Mar 2020.
AYes Ravencoin is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Ravencoin use?
ARavencoin uses a proof of work concensus algorithm.
QIs it a good time to buy Ravencoin?
AYou can check the technical indicators for Ravencoin on the Ravencoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Ravencoin.
QWhere is the best place to buy Ravencoin?
AYou can find the cheapest exchange on which to buy Ravencoin on the Ravencoin Buy tab.
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