Current RVN Market Overview
- Price: $0.0129303 (≈ 0.09267 - 3.44% change)
- Global Market Rank: #94
- Last Updated: 1 minute ago
Key 24-Hour Metrics
| Metric | Value |
|---|---|
| 24H High | $0.0134353 |
| 24H Low | $0.0127225 |
| All-Time High | $0.297599 |
| All-Time Low | $0.00845308 |
| 24H Volume | 823.7M RVN |
| 24H Trading Value | $10.79M USD |
| Circulating Supply | 15.31B RVN |
| Market Cap | $19.8M USD |
| 24H Volatility | 5.60% |
👉 Track RVN's real-time price movements
What Is Ravencoin (RVN)?
Ravencoin (RVN) is a decentralized, open-source cryptocurrency designed for peer-to-peer asset transfers using a modified Proof-of-Work (PoW) algorithm called X16R, optimized for GPU mining. Launched on January 3, 2018, it focuses on:
- Asset tokenization: Facilitating secure transfers of digital assets.
- Community-driven governance: No ICO or premine; maintained by developers and miners.
- ASIC resistance: Promotes fair mining distribution.
Core Features
- Max Supply: 21B RVN (currently 15.31B in circulation).
- Consensus: PoW with energy-efficient mining.
- Use Cases: Tokenized securities, NFTs, and decentralized applications.
Historical Performance
Price Trends
- 30-Day Change: +19.76%
- 7-Day Change: -11.14%
- 24-Hour Change: -3.44%
Market Insights
- Liquidity: High trading volume ($10.79M/day).
- Adoption: Used in DeFi platforms for asset creation.
👉 Explore RVN mining strategies
FAQs
1. How does RVN differ from Bitcoin?
While both use PoW, RVN specializes in asset transfers and employs the X16R algorithm to resist ASIC dominance, making it more accessible to GPU miners.
2. Where can I buy RVN?
RVN is available on major exchanges like OKX, Binance, and KuCoin. Always verify exchange security before trading.
3. What's RVN’s long-term potential?
With its focus on asset tokenization and a strong community, RVN could see growth in blockchain-based finance niches.
Key Takeaways
- Monitor volatility: RVN’s price fluctuates frequently—set alerts for key levels.
- Mining advantage: Ideal for small-scale miners due to ASIC resistance.
- Use-case focus: Watch for developments in tokenized assets.
Disclaimer: Cryptocurrency investments carry risks. Research thoroughly before trading.