The E-Commerce industry grew hugely after the pandemic hit, with people being locked in their homes and not being able to physically purchase nearly anything. Yet, this growth does not mean that the credibility of online stores has increased. From counterfeit products to disappearing orders, the e-commerce industry is not that safe of a place. But how can you know if purchasing a product on a specific website is safe? Of course, you should first check the website you are trying to purchase from. After that, the second thing you should do is check the reviews under the item that you are interested in. Reviews play a huge role in this industry because of the transparency they offer for the client. Even so, not all reviews help establish a realistic image of a certain product. According to Saoud Khalifah, the founder of FakeSpot, about 35-40% of reviews on huge companies such as Amazon or eBay are fake. This problem is continuously growing, with fake reviews increasing from 30% to 35%-40% in a matter of months.
What this industry needs right now is an unbiased feedback platform to aid the customers and provide them with realistic reviews left by previous customers. This is exactly what Revain offers. But what is Revain? How does it work? Does it have a future? Can Revain be the solution to the above-mentioned problem? Throughout this article, we will do our best to answer all of these questions.
Revain (REV) Fundamental Analysis
Let us first begin by explaining how Revain came to be. Revain was founded by Rinat Arsalanov in 2018. It is built on blockchain technology and claims to be an unbiased feedback platform. Revain is built on the Ethereum blockchain and uses it for recording all REV token transactions. Additionally, Revain uses Bitcoin’s blockchain to guarantee that all comments and reviews are not altered in any way. One of the features that enhances user experience is Elastic Search, used by Revain to optimize search questions and make it easier for its users to access information.
Revain has two native tokens: RVN token & REV token. RVN token is considered a stable coin with which all transactions inside Revain are made. We must mention that Ravencoin (RVN) is a totally different coin and has nothing to do with Revain stable coin RVN, even though they have the same ticker. RVN is also the token that Revain users are rewarded with for using their platform and leaving high-quality reviews.
1 RVN = 1 USDT + 1 USDC + 1 TUSD3
REV token is the main token in this network. Because it is built on the Ethereum blockchain, it is an ERC-20 token. You must convert your RVN token rewards to REV tokens in order to withdraw them to a wallet or to trade them on the open market.
Revain claims to have high-quality and unbiased reviews, but how do they do it? After your review is submitted on their platform, it goes through a three-part filtering process:
- First off, all data is run through an automatic filtering system known as Review Automatic Filtering (RAF). This system is built to detect fake reviews, spam, and plagiarism.
- After that, the review is manually verified with the help of the company or project that the review was for.
- To wrap it up, some qualified individuals known as moderators, investigate and pass the final judgment on reviews. During this stage, moderators double-check the reviews left and the feedback left by the companies on the second stage of verification. If they find malicious activities, they penalize the companies or the authors, and sometimes even suspend them.
As of December 2020, Revain has listed 4799 companies and has accepted more than 27000 reviews from 16000 authors around the world. For people who are interested in Revain, they offer an educational resource for newcomers known as Revain Academy.
Revain (REV) Price Analysis
The cryptocurrency market has been around for more than a decade, experiencing tremendous price movements. When compared to their initial price, most cryptocurrencies show a huge positive difference, having way more value than when they first entered the market. As for Revain, it entered the market with a trading value of $0.07. Only two months after being introduced to the market, Revain’s price had increased as much as 1842%, setting a new all-time high of $1.36 per coin. Yet, this was only the beginning. The coin continued its uptrend for two additional months, reaching a new all-time high in June 2018 with a trading value of $4.49.
After this extreme journey for the coin, the whole cryptocurrency market crashed. Consequently, the coin’s price also crashed, leaving it with a price of $0.18 by the end of 2018. Afterward, the coin never really recovered and continued to drop in price. This drop may have occurred for numerous reasons; however, the main ones are its supply and its poor marketing.
Revain can be considered an inflationary coin because of its unlimited supply. Just like the whole market, Revain also experienced somewhat of a bull run this year; however, it was not that significant. Unlike most cryptocurrencies, the coin experienced an increase of only 300%, experiencing a jump from $0.012 to $0.049 per coin within two days. However, only 2 weeks after this pump, the coin plummeted under the price of $0.012. At the time of writing, the coin has a price of $0.008 and a market capitalization of $700 million.
Revain offers something unique to the online community and the crypto market simultaneously. It combines the wonders of blockchain technology – its security and speed – with the world of reviews, aiding every individual who will one day order something online based on realistic, triple-checked, and unbiased reviews left on the platform. Nevertheless, its uncapped supply and poor marketing make it unable for the coin to reach its potential. In these cases, changes on the coin’s tokenomics are extremely necessary for the crypto.
Revain (REV) Price Prediction 2021
The cryptocurrency market is all about speed and utility. That being said, coins that have one or the other, have a higher chance of succeeding in the market; not to mention the coins that have both of these elements. As for Revain, the coin has experienced two years of poor price movements which is indicated by the flat line on its price chart. However, with small improvements in its tokenomics and its marketing strategy, Revain could get back on track.
If the team behind Revain starts to work on what we mentioned above, they will for sure keep the project alive and start the recovering process. On a bullish note, REV might end the year with a price between $0.08-$0.10, with a potential market cap of around $10 billion.
Revain (REV) Price Prediction 2022
As for 2022, the coin might continue to slowly increase as more websites start to implement it. Nonetheless, this heavily depends on the approach of Revain towards companies that have the potential to be listed and the way they deal with the coin’s tokenomics.
Being an inflationary asset, REV might be met with challenges along its way to reaching the $1 milestone. If the team puts effort into improving the coin, 2022 may prove to be a good year for REV; serving as a new beginning for the coin. That being said, REV might reach the price of $0.25 by mid-2022, and around $0.40 by the end of that same year.
Price Prediction For The Next 5 Years
As for the long run, predictions regarding the coin may seem a little contradictory. Because not much information about Revain’s future has been made public, it is really hard to estimate if the coin will go towards a positive or a negative future.
On a bullish note, the price of the coin might reach, and even surpass, the $1 milestone in a span of five years. Yet, this is more likely to happen if the team behind Revain addresses the above-mentioned problems and puts effort into solving them.
On a bearish note, REV may slowly drop in price, reaching a point on which it might dwell for quite a while; once again forming a line on its price chart. After five years, the coin may be sitting around the price of $0.30-$0.50 if its issues are not solved during that period of time.
Revain (REV) Market Prediction
According to GovCapital, the coin might struggle a little until it recovers; a struggle that is portrayed in their prediction, giving REV a potential price of $0.013 after one year. They claim that Revain might experience a 150% daily price increase in June 2022, leaving it with a trading value of $0.038.
When it comes to the long-term prediction regarding REV, GovCapital offers a rather realistic forecast. They state that the coin might reach $0.10 by the beginning of 2024 and reach a price of $0.22 by the end of five years.
As for MarketRealist, the future of Revain seems bright. Just like other prediction websites, MarketRealist claims that the coin may recover during 2021 and early 2022. They give REV a possible price between $0.06-$0.13 by the end of 2021. Additionally, they claim that is it entirely possible for the coin to reach the $1 milestone during 2021; even though possible, that is not likely to happen.
MarketRealist’s forecast also indicates that the coin is likely to reach $1 sometime in the future.
The prediction done by CryptoGrounds may be the most bullish regarding the future of REV. According to them, the coin is set to reach the price of $0.10 exactly one year from today. Moreover, they predict that the coin might experience a huge bull run in early-2022; one that may last three years; leaving the coin with a potential price of $2.72.
This may be considered a very bullish forecast by many, however, there have been numerous cases where cryptocurrencies have experienced these types of price increases. That being said, this price increase predicted by CryptoGrounds may be a little bit far-fetched, but it is not impossible.
Our Price Prediction
After hours of research about Revain, its platform, and its history, we have concluded that the coin has a lot of potentials, for the short run and long run as well. As for the short run, at Crypto Academy we predict that the coin might experience an increase of 700% by the end of 2021, leaving it with a price of $0.07 per coin. Moreover, our forecast shows that the coin may fully recover throughout 2022, potentially reaching a price between $0.10-$0.16 by the end of it.
|2021||2022||Next 5 Years|
|$0.07||$0.10 – $0.16||$0.50 – $1.50|
In a matter of five years, we expect the coin to explode and possibly reach a price between $0.50-$1.50.
Historic Market Sentiments
As previously touched upon, the coin joined the market in November 2017 with a price of $0.07. By the end of the year, REV had already increased in price, reaching $0.088 on the 31st of December.
This year was a bittersweet year for REV, being filled with huge price movements – be they positive or negative. The price of the coin reached $1.23 in early January, setting a new all-time high for the coin. Additionally, after only 1 month, the trading value of a single REV coin reached $4.49, experiencing a 460% monthly price increase. This was the highest price the coin has ever had to this day.
Following the crypto market crash of 2018, REV’s price plummeted to $0.70 by April. The coin left 2018 with a very low price of $0.21.
The beginning of 2019 is characterized by small price movements when it comes to REV. However, as months passed by, the price started to stabilize, leaving its markets with a lack of liquidity. The coin entered 2019 with a price of $0.24 and left it with a price of $0.04.
2020 was a very stable year for the coin which dwelled around the price of $0.01 from March 2020 to the end of the year.
Frequently Asked Questions
How many Revain (REV) coins are there?
At the time of writing, there are 85 billion REV in circulation with an unlimited maximum supply.
Is Revain (REV) a good investment?
According to our research and many experts, investing in REV today may prove beneficial for you someday in the future; however, please do your own research before investing in any cryptocurrency.
Where can I buy Revain (REV)?
At the time of writing, you can buy REV on exchanges such as KuCoin, BitForex, HitBTC, Bittrex, BHex, and Probit. There have been speculations that REV might soon be listed on big exchange platforms like Binance and Coinbase.
Check out Top 9 Cryptocurrency Exchanges in 2021
- Revain is an unbiased review platform powered by blockchain technology.
- It is built on the Ethereum blockchain; however, it uses Bitcoin blockchain to ensure that its reviews are not tampered with.
- It has two native tokens, REV and RVN. However, only REV can be traded on the open market.
- Its supply is not capped, making REV an inflationary coin.
- More than 4799 companies have been listed on Revain as of December 2020.
- RVN is a stable coin that is used for internal trades in the Revain ecosystem.
- Based on our research, investing in Revain might leave you with high investment returns in the near future.