Ravencoin is a digital P2P asset transfer with its own X16R hash algorithm. This Bitcoin hard fork appeared in 2018 under the influence of the Game of Thrones. Ravencoin developers give special attention to publicity of source data and emphasize that anyone can take part in the improvements of the coin features as all the resources and codes are open.
The platform constantly integrates new features into its ecosystem based on the modern digital developments. At the user’s level, developers are aimed at the convenience of the Ravencoin wallet, speedy transaction and possibility of strictly confidential correspondence via an already built-in messenger.
In May 2020 an important hard fork took place on the Ravencoin network, after which Ravencoin really became popular. As a result, RVN even came out on top in popularity in the 2Miners mining pool, ahead of Ethereum, Zcoin and other top cryptocurrencies in the pool.
In July 2020, the developers of the Ravencoin cryptocurrency announced the need to activate an urgent update in order to eliminate the discovered vulnerability, which allowed issuing 5,000 RVN ($ 92) per block in excess of the established reward. It was successfully exploited by scammers, as the developers have already reported to law enforcement agencies.
It is not possible to burn these coins, since they were listed on exchanges and have already been dispersed among many unrelated users. Currently there is no threat to the balances of the network participants are safe, nothing will happen to them.
The developers are considering the possibility of an accelerated halving offensive in order to compensate for the surplus of emissions and return the limit value to 21 billion RVN. The final decision must be made by the community and miners.
It turns out that in July 2020, a vulnerability was discovered in the project’s code that allowed scammers to go beyond the maximum limit of 5,000 new RVNs per block and create extra coins. The vulnerability prevented fraudsters from stealing other people’s coins from wallets or using them in any way. But instead, they created or minted the coins that shouldn’t have existed.
The developers emphasize that due to the sales and transfers of new RVNs, they have already mixed with other coins. Therefore, it will not be possible to get rid of the “illegitimate” RVNs at the software level, since the owners of other coins will suffer because of that. Now there is no threat to other users: the balances of the network participants are safe; nothing will happen to them.
Further plans of the developers include not only the optimization and technical completion of the project, but also the promotion of the best features of this crypto network among the global crypto community. In addition, the creators of this cryptocurrency platform have already proven the seriousness of the implemented approach, striving to make it very fast, convenient and private for clients.
Many reputable analysts see great prospects here for long-term venture investors, whose influx has jumped significantly over the past year.
Below we provide 5 top price predictions for Ravencoin
#TradingBeasts
Due to TradingBeasts` expert opinion in January 2021 the RVN cryptocurrency will be traded at $ 0.0192634. By December 2021, a slight positive trend is expected, as a result of which the rate will be fixed at $ 0.0221544.
#WalletInvestor
Predicting the price of Ravencoin WalletInvestor analysts use a historical approach and their forecast for RVN is not promising. At the end of January 2021, they expect the Ravencoin rate to be $ 0.00961. At the end of the same year, the expected rate will be $0.00246. In 2022, in line with WalletInvestor, the downward trend will continue. In January the rate will be $0.00314, and in December the price will already be $0.00238.
#DigitalCoinPrice
DigitalCoinPrice experts also prefer a historical approach towards price forecasting and they believe that in 2022 the Ravencoin cryptocurrency rate will grow. In January 2021, the asset value is expected to be $ 0.05017945, and in December 2021 it will amount to $ 0.04118650.
#Cryptoground
Cryptoground analysis is based on a historical approach and neural network algorithm. Pursuant to Cryptoground`s opinion, the Ravencoin cryptocurrency is promising, and by 2025 the rate will be $ 0.1140.
#Investonomics
Investonomics employees also make Ravencoin price prediction. For November 2021, they assume an asset price equaling $ 0.016065.
RavenCoin is a fairly young project with little information on the Internet about it. The first work on the creation of the coin began in 2020, but only at the beginning of 2020 the platform acquired tangible features and parameters. The official site is not overloaded with details and the documentation is also very concise, so do your utmost research to find out what this virtual asset has to offer.
Watch this space for updates in the Technology category on Running Wolf’s Rant.
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