$RVN Ravencoin's (RVN) current price is $0.01196148, with a 3.68% decrease in the last 24 hours ¹. The coin's market capitalization is $178.72 million, ranking it #290 among all cryptocurrencies. RVN's 24-hour trading volume is not specified, but its circulating supply is 14.94 billion, with a maximum supply of 21 billion.
RVN's price has experienced significant fluctuations since its inception. Its all-time high was $0.285218 on February 20, 2021, and its all-time low was $0.00893232 on March 13, 2020 ¹.
*Key Factors Influencing RVN's Price:*
- _Halving Events:_ RVN's halving events, like the one in January 2022, reduce the block reward, decreasing the supply and increasing the scarcity of RVN.
- _Market Sentiment:_ RVN's price is influenced by market sentiment, with a Fear & Greed Index of 34, indicating fear ¹.
- _Competition:_ RVN faces competition from other cryptocurrencies, which can impact its price and adoption.
Overall, RVN's price analysis suggests a bearish trend in the short term. However, its unique features, such as asset creation and transfer, messaging, and voting capabilities, make it an attractive option for investors and users interested in decentralized asset management.
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