TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Ravencoin (RVN) price prediction after September sell-off

by souhaib
October 9, 2021
in Economie
0
Ravencoin (RVN) price prediction after September sell-off
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Ravencoin RVN/USD has weakened from the recent highs above $1.16, registered on 4th September, below $0.09, and the current price stands around $0.11.

Create and trade any asset

Ravencoin is a peer-to-peer blockchain that enables the efficient creation and transfer of assets from one party to another. Ravencoin allows you to create and trade any real-world (gold, silver, land deeds) or digital (gaming items, software licenses) assets on its network.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

This project was launched at the beginning of 2018, and it was built on a fork of the Bitcoin code. The popularity of Ravencoin is rising, but as a young project with strong competition, it’s difficult to predict how successful Ravencoin will be in the upcoming years.

Ravencoin offers you the option to make your own token on its blockchain, which can be limited in quantity, named, and issued as securities or collectibles. You can also contact every holder of your token, allowing specific holders to be notified when they might need to vote on new proposals.

To secure its network, Ravencoin has a similar consensus mechanism to Bitcoin’s Proof of Work (PoW), called the KAWPOW algorithm. KAWPOW aims to overcome the problem of centralization of mining and to improve the distribution of Ravencoin to everyone.

RVN coin is a governance token of Ravencoin blockchain, and to create a new crypto asset, you must burn (or destroy) a certain amount of RVN coins. Ravencoin has a total coin supply of 21 billion, and more and more exchanges are offering this cryptocurrency.

Ravencoin is a very promising project, and the price of RVN could advance again at levels that we saw in February 2021. This will certainly not happen in the upcoming days or even weeks; still, traders should keep in mind that if the price of Bitcoin falls below the $50000 support, that will negatively influence RVN.

Current support stands at $0.10

Ravencoin (RVN) was a bad performer during September, and technically looking, it still remains under pressure.

Ravencoin (RVN) price prediction after September sell-off
Data source: tradingview.com

Ravencoin (RVN) is currently trading very close to the current support level at $0.10, and if the price breaks it, the next target could be at $0.09 or even below.

On the other side, if the price jumps above $0.14, the next target could be at $0.16, but traders should use “stop-loss” and “take profit” orders when opening their positions because the risk remains high.

Summary

Ravencoin is a peer-to-peer blockchain that enables the transfer of assets from one party to another; the popularity of this project is rising, but it’s difficult to predict how successful Ravencoin will be in the upcoming years. Ravencoin (RVN) is currently trading very close to the current support level at $0.10, and if the price breaks it, the next target could be at $0.09.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Capital.com, simple, easy to use and regulated. Register here >



Source link

Share30Tweet19Share
Previous Post

8 strange types of abortion, most notably a chemical pregnancy and a damaged egg

Next Post

6 wedding traditions that are expected to disappear in the coming period… No one, Hermi Bouquet

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
6 wedding traditions that are expected to disappear in the coming period… No one, Hermi Bouquet

6 wedding traditions that are expected to disappear in the coming period... No one, Hermi Bouquet

No Result
View All Result

Recent Posts

  • Taylor Swift chokes on a show. look at his reaction
  • Tucker Carlson Debuts Twitter Show To Big Numbers; Threatens To Leave Elon Musk-Owned Platform If Anyone Calls Him Out
  • AI bullishness may be setting the stock market up for a ‘Mother of All Melt-ups,’ Yardeni Research says
  • Russian Top Diplomat Blames US and HIMARS for Kakhovka Dam Breach
  • Terrifying moment gunman opens fire at Virginia high school graduation

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide