It is difficult to apprehend all the associated troubles which follow the cryptocurrencies and blockchains. However, there are several projects that assist the existing systems and prevent it from errors. Ravencoin is one of such projects. Let’s take a closer look at it and analyse its purpose together with its state within the market.
Defining RVN
In January 2018, Ravencoin was released in the crypto market field with no preceding marketing or technical action: the so-called fair launch. The blockchain aims to stabilize the trading aspect of the crypto assets which were not built exactly for exchanging. By being a peer-to-peer network, Ravencoin, which was designed and created on a Bitcoin code’s fork, complements the transferring process. Being more specific, it provides the trader with abilities to exchange any asset within the network: those which exist in the real world and the digital ones.
In addition, the naming of the project is dedicated to Game of Thrones (TV show).
Foundation story
There were three experienced financial and developing workers who take part in the Ravencoin foundation:
- Bruce Fenton, former executive director of the Bitcoin Foundation (2015-2018). He had a long journey before the Ravencoin foundation: Fenton was the vice president of Morgan Stanley, a managing director of Atlantis Consulting and Chainstone Labs. He has a huge experience within the financial field.
- Tron Black, software dev. Black has significant experience in developing. Moreover, he entered the crypto field in 2013 and influenced it drastically: Black took part in the Verified Wallet project, CoinCPA project and e.t.c. He is, indeed, a sought-after specialist.
- Joel Weight, CTO at Overstock.com. Being a highly-experienced software developer, he took a significant part in the project.
In fact, both Tron Black and Joel Weight have connections with Medici Ventures: Black currently has a job in the project, Weight had a position as COO and CTO.
Together, the dev team released the Ravencoin project on January 3rd, 2018. Bruce Fenton announced that the project is ready and RVN can be mined. After being acknowledged, Ravencoin developers received significant funding from Overstock CEO.
It is still an evolving network which is constantly changing with an aim to increase asset support and reward system’s efficiency.
Exceptional features
There are several exceptional features of Ravencoin which directly impacts to solve existing issues of asset’s performance:
- The project changed the issuance schedule. The current block reward is 5,000 RVN coins.
- The overall block time decreased: it was shortened up to a single minute.
- The maximum supply of the asset is 21 billion RVN. It is thousand times bigger than the BTC max supply – 21 million BTC.
- Changed mining algorithm. Ravencoin uses KAWPOW and X16RV2 to slightly decrease the effect of centralisation which is a consequence of using ASIC hardware.
- Providing the solution for the existing issue of the asset is being destroyed. After this, new assets can participate in creation of a new one which can be tradable with no further concerns.
- The ability to represent any object: real or virtual, shares, projects and e.t.c. It is achieved by RVN being an internal digital currency of the network.
Ravencoin will possibly provide the participants with the ability to message and vote in the observable future.
Ways to apply
It is becoming more clear that any owning can potentially transfer into the token. Despite Ravencoin strongly moving toward this direction, it is difficult to predict if this project will be the head of the transfers.
Security
There are several layers of security existing with Ravencoin. Mainly, because it is a fork of the Bitcoin, the decentralization is covering it. The next significant improvement of security lies in the KAWPOW PoW algorithm which overrides the centralization influence, generated by ASIC hardware’s usage.
The evolution of the algorithm started with the ASIC’s entrance into the world of mining: the old principles of different approaches to each block with 16 hashing algorithms were questioned and that’s where the KAWPOW makes the difference. The chain of evolving from Ethash to ProgPow and then to KAWPOW shows the ability of the project to adapt.
The principles of the Ravencoin to share the assets fairly together with no preceded mining protects the supply from a possible attack which may be aimed to artificially rule the value. There is simply no organization which can be capable of mining this much of RVN because of the required hashing power: it is extremely high.
However, on June 3rd, 2020, hackers successfully attacked the blockchain and gained 315 million RVN. Although it was a massive attack, coin holders didn’t lose significantly from such an occasion.
Current circulation state
At the time, there are 15,094,091,737.29 RVN coins in circulation out of 21 billion possible. This number is achieved, according to the project, fairly with no preceded mining and no additional promotion.
Trading Data
Let’s take a look at the current asset’s behaviour within the market conditions. There are several aspects that will be investigated.
Daily price chart on the picture below.
Daily Trading Volume
On April 30th, 2025, Ravencoin’s native token has the trading volume of $9,575,946.39 within a 1-day time window. It decreased by 36.28% from the previous 24-hour period which could mean the asset’s activity reduction within the market.
Highs and Lows
Ravencoin (RVN) price is $0.01179 at the moment.
Current state of the coin’s cost is significantly lower than its peak price: $0.2852 which was reached on February 20th, 2021. However, it still remains higher than the all-time low by 35.63% which was reached on Mar 13, 2020: $0.008794 per coin.
Market Capitalization
On April 30th, 2025, Ravencoin (RVN) market cap reached $177,939,348.44. It decreased from the last time window by 1.53%. It is measured by the following formula: Market Capitalisation = Current Price * Supplies within the Circulation.
Fully Diluted Valuation (FDV)
The FDV of the RVN, as it stands, was $246,133,016.02. FDV is calculated to simulate the condition of the supply where the whole quantity of coins are within the circulation. In that case, it was assumed that 21 billion RVN were into the equation.
There is a formula to measure that value: Fully Diluted Valuation = Current Price * Maximum coin supply. It is quite difficult to predict the ending number of coins in total, because it all depends on the emission schedule development through the time.
Exchanges
It can be exchanged within multiple platforms against stablecoins, fiat money, BTC, ETH and e.t.c. There are several exchanges which provide an investor with ability to use RVN in trades:
- Binance.
- VCC Exchange.
- OKEx.
- Huobi Global.
Of course, these are not the only options you have in terms of choice, but this list contains more preferable platforms for the RVN coin trading.
Wallets
Here’s the list of the available wallet variants which are recommended on the Ravencoin homepage:
- Electrum Community Wallet.
- Atomic Wallet.
- Cobo Wallet.
- Coinpayments.
- Crypto.com
- Edge.
- Exodus.
These are not the only options for storing RVN, but it’s quite difficult to name the best one. The choice fully depends on the investor’s preferences.
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