Ravencoin Market Cap Hits $417.82 Million (RVN)

Ravencoin (RVN) traded 3% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on May 23rd. Ravencoin has a total market capitalization of $417.82 million and $18.14 million worth of Ravencoin was traded on exchanges in the last day. One Ravencoin coin can now be purchased for approximately $0.0301 or 0.00000044 BTC on major exchanges. Over the last seven days, Ravencoin has traded 4.1% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 11.4% against the dollar and now trades at $0.27 or 0.00000399 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 4% lower against the dollar and now trades at $0.0100 or 0.00000015 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Ravencoin Coin Profile

RVN is a coin. Its launch date was January 3rd, 2018. Ravencoin’s total supply is 13,871,142,261 coins. The official message board for Ravencoin is medium.com/@ravencoin. Ravencoin’s official website is ravencoin.org. The Reddit community for Ravencoin is https://reddit.com/r/ravencoin and the currency’s Github account can be viewed here. Ravencoin’s official Twitter account is @ravencoin and its Facebook page is accessible here.

According to CryptoCompare, “Ravencoin is a blockchain project that enables simple issuance and management of tradable assets on a blockchain. It was launched in 2018 without an ICO, pre-mine, or masternodes, and is notable for its use of the X16R and KAWPOW algorithms to prevent ASIC domination of the network. The project was announced by Bruce Fenton on Twitter and has a growing community with a development roadmap of seven phases. Ravencoin is designed to be energy-efficient and aims to provide a decentralized alternative to traditional financial instruments.”

Buying and Selling Ravencoin

It is usually not possible to purchase alternative cryptocurrencies such as Ravencoin directly using US dollars. Investors seeking to trade Ravencoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ravencoin using one of the aforementioned exchanges.

RVN/USD price chart by TradingView