RVN uses a Proof-of-Work (PoW) consensus model like Bitcoin and Ethereum (ETH) along with the KAWPOW mining algorithm, which makes mining the coin accessible to people without specialized equipment, lowering the entry barrier for miners and deterring the centralization that often plagues PoW projects.
In this guide, we’ll take you through the step-by-step process of buying RVN using the Swapzone aggregator and then take a look at what the top price forecasters expect from this token.
Table of contents
1. Head Over To The RVN Exchange Page
Adding RVN to your portfolio is not only straightforward with the help of the Swapzone aggregator; it also helps you find a cheap, secure, and fast swap without any hidden fees or Know-Your-Customer (KYC) requirements.
To get started, visit the RVN swap page, scroll down and select a token you want to swap for RVN. We’ll use Ethereum (ETH) as an example in this guide, but the process is the same using any other compatible cryptocurrency.
2. Enter The Amount Of RVN You Want To Buy
Scroll down to the SEND box and enter the amount of ETH you’re going to trade; once you’ve done this, the GET UP TO box will display the amount of RVN you will receive.
Remember that the GET UP TO box only estimates how many RVN tokens you will end up with, as this figure can change due to market fluctuations.
3. Select Your Prefered Exchange
The Swapzone aggregator has now found the best ETH-RVN exchanges on the market and organized them into three convenient categories: Fastest, Best Rating, and Best Rate. Then, depending on your requirements, choose the exchange option that most suits you and click on the blue exchange button.
4. Complete Wallet Details
When dealing with crypto wallet addresses, make sure you take your time, as making a mistake can result in a failed transaction or even a complete loss of your tokens.
To complete this step, fill in the RVN deposit address, add a refund address for your ETH tokens, and optionally enter your email address if you want to get e-mail updates from Swapzone.
5. Send ETH
Swapzone will now generate an ETH wallet address for you; send the exact amount of ETH you entered in step 2 to the address. Make sure that you enter the address correctly, as making even a tiny mistake could lead to the tokens being lost forever with little to no hope of them being recovered.
6. Your ETH-RVN Swap Is Complete
Check your RVN wallet to ensure the tokens have arrived safely, and again if the amount you received is slightly different than what the GET UP TO box indicated, don’t be surprised; it just means the market fluctuated.
By using Swapzone to carry out the ETH-RVN swap, you saved money, found the ideal exchange on the market, and avoided having to provide Know-Your-Customer (KYC).
RVN: A Bright Future?
RVN’s developers claim it’s more scalable than Bitcoin and Ethereum, with lower transaction costs, higher speeds, and a far more decentralized mining structure.
Ravencoin has a limited supply, and the network’s native tokens are distributed through mining with a 25,000 reward for every block added to the chain. The token is used to pay for transactions, and more interestingly, it can be used to represent real-world assets such as gold, shares, and virtual goods such as NFTs.
According to CoinGecko, as of writing, RVN is ranked #127 among cryptocurrencies and hit an all-time high of $0.28 in March 2020, but it’s suffered badly in the current bear market and, as of writing, trades around 90% lower at $0.027.
Despite the dramatic decline in the value of the RVN token, many of the top analysts have high hopes for its future.
TradingBeasts has issued a bullish forecast for RVN, predicting a 40% increase in 2022 and a near 100% rise by the middle of the decade with a maximum target of $0.06 by the end of 2025.
Changelly sees Ravecoin rising 30% by the second half of this year and gradually pushing higher throughout 2023. They expect RVN to move above $0.1 in 2025 and hit a new all-time high in 2027 or 2028. It’s worth noting that Changelly forecasts returns of over 3000% on RVN for those who hold it in their portfolio until 2030.
CryptoNewsz is considerably less bullish than Changelly, but nonetheless, they see the token closing in on its previous highs as early as 2023 and continue growing into the middle of the decade, hitting $0.16 in 2025.