What happens when Ravencoin halves?

Is Ravencoin A Good Investment In 2021? Not at the moment . Things are looking too bleak for Ravencoin, and a breakout of the downtrend line is needed before it is recommended to invest. It could happen in 2022, and it could happen in 2025, or as far out as 2030.

Ravencoin price predictions: 2022 -2030 Wallet Investor made a RVN prediction that the price will hit $0.1 in a year’s time. Its expectations were that the price woud then climb to $0.33 in five years. Digital Coin was also bullish in its RVN price prediction, expecting it to hit $0.068 in 2022 and $0.16 in 2028 .

Generating new coins through mining ensures that the coins are being issued at a predictable rate. In order to control the rate of monetary inflation (or rather deflation), Ravencoin has in its code that every 2,100,000 blocks (approximately every 4 years) the amount of coins being generated is cut in half.

Ravencoin halving The current Ravencoin block reward is 5,000 RVN. After the halving in January 2022, the block reward will be halved from 5,000 RVN to 2,500 RVN .10 Oca 2022

“It’s a perfect time for Ravencoin code to tighten the mining rewards – half of all Ravencoin ever to be created are now in circulation. “The halving reduces new Ravencoin by 3.6 million per day or about 1.3 billion a year – a huge reduction in new Ravencoin which should over time increase the price of Ravencoin.”10 Oca 2022

Most ravencoin (RVN) price predictions suggest a slow development, with little evidence that the coin will reach a dollar at any point soon . That is not to say that it cannot ever reach $1 – just that it is not likely to happen until the 2030s at least.

On January 11, 2022 , ravencoin undergoes its first-ever halving event. This marks a big point in the history of the ravencoin network.