Ravencoin (RVN) is currently trading at ¥0.09333, experiencing a minor 24-hour decrease of 1.77%. This article provides a detailed overview of RVN's market performance, key metrics, and essential insights for investors and traders.
Ravencoin (RVN) Price Overview
As of today, Ravencoin's price stands at ¥0.09333. Over the past 24 hours, it has decreased by ¥0.001653 (1.77%). The trading range for the day has been between ¥0.0911 and ¥0.09574, indicating moderate volatility.
Looking at the broader picture, the 52-week price range for RVN spans from ¥0.08797 to ¥0.4472. This highlights the significant potential for growth, as well as the inherent volatility within the cryptocurrency market.
Key Market Statistics
- Market Cap: ¥13.70 billion
- 24-Hour Trading Volume: ¥66.3852 million
- Circulating Supply: 14.685 billion RVN
- Total Supply: 14.685 billion RVN
- Year-to-Date (YTD) Return: -36.83%
These figures provide a snapshot of Ravencoin's current standing in the market. The market capitalization reflects the total value of all circulating coins, while the trading volume indicates the level of investor activity over a short period.
Detailed Price Metrics
- 24-Hour Opening Price: ¥0.09498
- 24-Hour High: ¥0.09574
- 24-Hour Low: ¥0.0911
- 52-Week High: ¥0.4472
- 52-Week Low: ¥0.08797
- All-Time High (ATH): ¥1.07
Understanding these metrics is crucial for assessing short-term momentum and long-term trends. The considerable difference between the current price and the all-time high suggests there is room for recovery and growth, depending on market conditions and project development.
Understanding Market Context
The broader cryptocurrency market is influenced by a complex interplay of factors, including investor sentiment, macroeconomic trends, and technological advancements. Recent analyses highlight several key themes:
- Profit-Taking Dynamics: Research indicates that realized profits for major assets like Bitcoin have not yet reached previous cyclical highs, suggesting that the market may need to appreciate further to trigger widespread selling.
- Liquidity Fragmentation: Despite the ethos of decentralization, crypto market liquidity can be fragmented. This can lead to heightened volatility during shifts in market sentiment, as liquidity pools are not always deep enough to absorb large orders without significant price impact.
- Investor Sentiment: Market sentiment remains a powerful driver. Even during typical weaker seasonal periods, optimism around technological developments, such as the potential for new financial products including ETFs, can provide underlying support.
For those looking to dive deeper into these market mechanics and explore real-time analysis tools, 👉 explore advanced market analytics.
Ravencoin's Position and Potential
Ravencoin is a blockchain designed specifically for the creation and transfer of assets. Its focus on facilitating the tokenization of real-world assets distinguishes it from platforms with broader smart contract functionalities.
The project's performance must be viewed within the context of its unique use case and the overall adoption of asset tokenization. While its YTD return is negative, this is not uncommon for altcoins in a market dominated by Bitcoin and Ethereum narratives. Its price is susceptible to both broader crypto market trends and developments specific to its ecosystem.
Frequently Asked Questions
What is Ravencoin (RVN)?
Ravencoin is a peer-to-peer blockchain network that focuses on enabling the creation and transfer of digital assets. It is optimized for use cases like representing real-world assets on a blockchain, making it a specialized platform in the crypto space.
How can I buy Ravencoin?
RVN can be purchased on numerous cryptocurrency exchanges. You typically need to create an account on an exchange, complete any required verification, deposit funds (either fiat currency or another cryptocurrency), and then execute a trade for RVN.
What factors influence RVN's price?
RVN's price is influenced by general cryptocurrency market sentiment, Bitcoin's price movements, developments and updates to the Ravencoin protocol, adoption rates for asset tokenization, and overall trading volume.
What is the long-term outlook for Ravencoin?
The long-term outlook depends heavily on the widespread adoption of asset tokenization. If tokenizing real-world assets becomes a mainstream practice, Ravencoin's specialized design could position it for significant growth. However, it also faces competition from other blockchains.
What does 'circulating supply' mean?
Circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. It is a key metric for calculating market capitalization.
Why is the year-to-date return negative?
A negative YTD return means the price is lower now than at the start of the calendar year. This can be due to a variety of factors, including overall market downturns, decreased interest in altcoins, or a lack of major positive developments for the project itself.
Staying informed with live data and charts is essential for navigating these markets. For a comprehensive view of prices and trends, 👉 access live crypto charts.