RVN Price Analysis September 2022

RVN is a token of the platform Ravencoin. Its current price is around $0.04106 by the time of writing, with a low of $0.01728, and it has a market cap of 429 million dollars.

RVN Coin Market Analysis 

RVN has a total supply of 10,473,290,000 coins worth around $0.04106 with a market volume of 71 million dollars, whereas the market capitalization is 429 million dollars at writing. Ravencoin is rallying this month as the opinion of Ethereum merge is growing among the community.

The Ravencoin coin is powered by Bitcoin’s proof-of-work (PoW) consensus mechanism, and people believe that miners will migrate en masse to Ravencoin in hopes of continuing to get fair compensation.

A popular crypto exchange, KuCoin, recently announced its support for the Ravencoin (RVN) token. RVN can now be traded against other cryptoassets on KuCoin’s platform. More surprisingly, it is being reported that a cold storage wallet dedicated to the Ravencoin token and any other blockchain assets the platform supports could be available soon.

What is RVN?

RVN is the cryptocurrency of the Ravencoin platform and has hovered around $0.04106 at the time of writing, with a low of $0.01728. It reached a high of $0.1663, with its current rank of 100 according to CoinMarketCap, with a market cap of over 429 million dollars. RVN is a Bitcoin code fork that allows anyone to issue tokens easily and effectively.

RVN Price Prediction

The RVN coin will continue to rise over the next five years and should reach $0.15 by 2025. Following this, it should trade at approximately $0.30 before jumping to $0.45 in 2028 and then $0.66 in 2029.

In the 4H timeframe, the price action of $RVN/USDT is trying to break its major horizontal resistance zone. However, we have to wait for a successful breakout.

On-demand analysis on $RVN or any other coin can join our Telegram channel anytime.

Rvn Price Chart September 2022
RVN Price Chart September 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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