Are there any other projects similar to or competing with Ravencoin that I should be aware of before investing in it?

Yes, there are several other projects that are similar to or competing with Ravencoin.

These include Ethereum, Bitcoin Cash, Litecoin, Dash, and Monero. Each of these projects has its own unique features and advantages that make them attractive to investors. Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud or third-party interference.

It is the most popular platform for building smart contracts and decentralized applications (dApps). Ethereum also supports the development of tokens and digital assets through its ERC-20 token standard. Bitcoin Cash is a cryptocurrency created in 2017 as a result of a hard fork from Bitcoin.

It has faster transaction times than Bitcoin and lower fees, making it an attractive option for users looking to make quick payments. Litecoin is a peer-to-peer cryptocurrency created in 2011 as an alternative to Bitcoin. It has faster transaction times than Bitcoin and lower fees, making it an attractive option for users looking to make quick payments.

Dash is a privacy-focused cryptocurrency created in 2014 as an alternative to Bitcoin. It offers users the ability to send private transactions with untraceable funds through its PrivateSend feature. Monero is a privacy-focused cryptocurrency created in 2014 as an alternative to Bitcoin.

It offers users the ability to send private transactions with untraceable funds through its RingCT feature. Before investing in any of these projects, it's important to do your own research and understand the risks associated with each project before investing your money into them.