Ravencoin Price
What is Ravencoin
To make sense of Ravencoin price movements, we should first learn a bit more about the token.
Ravencoin (RVN) is a self-styled “peer-to-peer blockchain”, with one specific purpose: transferring assets from one party – or peer – to another.
Originally started as a Bitcoin fork, it shares some similarities with its predecessor – although it is an independent crypto and Ravencoin value is not connected to Bitcoin.
There are also some differences. For example, Ravencoin uses a more efficient mining algorithm that allows its miners to use simpler hardware.
What moves RVN price
Your own research is key to understanding any crypto price movements, and this also applies to the price of Ravencoin.
This Ravencoin price tracker is a great starting point. For starters, you may want to look at Ravencoin price history. Try comparing RVN price movements to other major cryptos to see how the overall market movements affect Ravencoin.
Another thing to consider is media exposure. It's a well known fact in the crypto space that a well-placed tweet can move the markets, so keep an eye out for any upcoming announcements.
And, of course, Ravencoin worth also depends on its use and popularity.
How to use this tracker
We've designed this Ravencoin price chart with ease-of-use in mind, and no prior knowledge is required to use it. Here are just some things to pay closer attention to:
This is a multi-currency tracker: you can view RVN price in USD and 90+ local currencies from around the world;
Select different time periods from the dropdown menus and click anywhere on the chart to see what the current Ravencoin price was at any given moment;
All currency rates are constantly updated – rest assured you're getting the live Ravencoin price;
And, since this tracker is powered by the Paybis crypto exchange, other powerful tools are right at your fingertips – check out our Ravencoin calculator or RVN to USD converter!
What you can do with RVN
The stated purpose of Ravencoin is to be a tool for transferring assets, and it is used for just that.
RVN can be used to issue and trade non-fungible tokens (NFTs), a popular investment in digital assets;
Ravencoin has been used to issue stablecoins, although RVN price itself is not pegged to any other currency;
Real-estate developers have used Ravencoin to tokenize property ownership;
And, of course, if you believe that Ravencoin price now is lower than it will be in the future, you can buy some RVN to invest in it.
Ravencoin price today
This is just a brief introduction to Ravencoin. The crypto world in general and Ravencoin in particular is much broader and well worth your own research.
In fact, your own research is a great idea if you're considering investing in crypto. Look at the fundamentals: if the long-term prospects are good, the exact Ravencoin price today may not be as important.
At Paybis, we have a wide range of resources for crypto enthusiasts, both beginners and pros. If you're just starting out, you'll appreciate our ease-of-use and accessibility. If you're a pro, try us to see how fast, affordable and simple crypto can be.
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