The current price of RVN is US$0.049, and the market valuation has risen to US$716 million, while the total number of RVN in circulation is 13.675 billion.
Ravencoin (RVN), also known as "Raven Coin" or "Raven Coin", takes its name from the ravens in the popular American TV series "Game of Thrones" who play in the fictional Westeros. The role of information transfer.
Launched on January 3, 2018, the ninth anniversary of Bitcoin’s birth, RVN’s initial stages coincided with a bear market in the cryptocurrency market. RVN inherits the code from Bitcoin and therefore belongs to the Bitcoin series of projects.
At the same time, RVN introduces the feature of asset issuance, allowing users to issue their own assets like ERC-20 tokens on Ethereum.
RVN is committed to solving the shortcomings of existing blockchain projects in asset creation and transfer. Although Bitcoin is able to embed asset data in its transactions through the OP_RETURN instruction, and Ethereum has also relatively improved the inconvenience of the UTXO model through the account-based token issuance, these methods still have more towns and inconveniences for ordinary users. .
RVN's goal is to enable users to completely create assets through the Raven protocol, making asset creation and migration easier through humanized optimization. Users can now easily complete asset issuance at a cost of 500 RVN through RVN's mobile light wallet.
RVN has received early investment and community support from Overstock. Overstock not only provided an early investment of approximately one million dollars, but also obtained and held a large amount of RVN through mining, which was mentioned in the company's multiple financial reports. Overstock, one of the top ten online professionals in the United States, began accepting Bitcoin payments back in 2014.
The RVN project is community driven and has no leadership structure. Of these, Bruce Fenton and Tron Black are the most mentioned key figures, who co-wrote RVN's newspapers and drove the project.
RVN’s free listing and Binance CEO Changpeng Zhao’s Twitter like made it quickly popular and its trading volume increased significantly.
The key to predicting Ravencoin’s future price growth is its advanced blockchain technology, which coupled with the unwavering support of the community provides a solid foundation for RVN’s growth. As market sentiment shifts, RVN's performance is expected to reach new heights in 2024, with the average price likely to reach $0.293.
Looking to the future, RVN shows great potential and development prospects. With the expansion of the encryption field, RVN's role will become increasingly important and become a symbol of value and potential in the digital age.
