Ravencoin
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Ravencoin in numbers
Ravencoin (RVN) ranks #629 by market capitalization, at $37.21M. It belongs to the Networks sector (Real World Assets). It has traded since Aug 14, 2018, across 54 markets on 17 exchanges, with $6.64M of volume in the last 24 hours. Its all-time high of $0.272661 was reached on Feb 20, 2021; the current price is 99.5% below that peak. Its cycle low of $0.00122707 came on Nov 5, 2026.
78.8% of the maximum supply of 21.00B RVN is in circulation.
About Ravencoin
Ravencoin is a P2P blockchain platform focused on the efficient creation and transfer of assets. It allows for the issuance of tokens with customizable properties, supporting various applications like securities, collectibles, and project shares. Ravencoin's distinct features include a new mining algorithm and a total coin supply significantly larger than Bitcoin's.
Background
Ravencoin was created with the intention of being able to transfer unique assets to one another in a simplified manner. Although with Bitcoin, being able to transfer assets/information through an actual transfer of Bitcoin is permitted, existing Bitcoin nodes are unaware that assets are embedded in the message. This also means that actual Bitcoin must be sent for every asset transaction and there could be cases where the receiving party is unaware of the asset. This makes the asset susceptible to the receiving party accidentally sending those Bitcoins to another wallet and ultimately end up losing those assets. Ethereum, on the other hand, does allow the transfer of assets but is unable to differentiate between assets of the same unique name. Ravencoin's intention is to create a bitcoin-like system that is fully asset aware.