The iExec RLC price prediction involves careful analysis of the charts to establish the most probable prices in the future, assuming other external factors are kept constant. Most of our analyses are purely reliant on price action and do not depend on the possible news that could affect the price of RLC tokens in the future.
One significant determinant of the iExec RLC price predictions is the performance of its decentralized computing platform, which is expected to revolutionize the world of computing. iExec aims to offer cloud computing resources whenever they are on demand.
Today’s iExec RLC price today is $1.02 USD with a 24-hour trading volume of $10,647,104. iExec RLC is up 7.44% in the last 24 hours. The current CoinMarketCap ranking is #279, with a live market cap of $82,992,024. It has a circulating supply of 80,999,785 RLC coins and a max. supply of 86,999,785 RLC coins.
Let’s have a deeper understanding of the iExec platform before we dive into the iExec RLC price predictions.
iExec RLC Overview
The radical developments in the blockchain space have sparked innovations in several aspects of the tech space. iExec is one of the leading blockchain technology innovators, as it provides a unique solution to the computing world.
- The platform offers decentralized computing services that instantly allow the commercialization of computing power and resources using blockchain technology.
- The iExec platform mainly focuses on computing power to improve well-known fields such as Artificial Intelligence, fintech, and big data. Other notable areas of focus include healthcare and rendering as well.
- The iExec network comprises a vast network of iExec workers who are essentially computing resource workers typically rewarded with RLC tokens upon connecting to the network.
2022 is promising to be another productive year for the ecosystem as they are looking to explore web 3; this was announced on their Twitter page on 5 January 2022. The next day, they advertised that they were hiring personnel that would help along their journey into web3. Other plans are indeed in place to improve the ecosystem, and the coin is one to watch out for in the coming years.
There have been recent developments in the iExec network lately. iExec token RLC was listed on a major international exchange, Kraken.
Furthermore, iExec also launched its Community Rewards Program to reward outstanding community contributions that spread awareness of iExec.
What is RLC?
The RLC tokens are issued to workers who commit their computing power to the iExec network. However, the network isn’t only limited to those who can offer cloud resources. iExec workers can also earn RLC tokens by providing valuable resources to the iExec network users.
For instance, the users can contribute applications by monetizing their algorithms. Similarly, big data owners can make their data available to iExec users in exchange for RLC tokens.
The platform offers a wider variety of services that guarantees a broader target market. Therefore, there are higher chances of the platform remaining relevant over the years, making RLC tokens relatively safe for long-term investors.
Therefore, having understood the utility of RLC tokens within the iExec network, let’s analyze the historical price of the RLC coin to project its expected future price using the advanced technical analysis tool available to us.
Pros and Cons of investing in iExec RLC
A good investment is determined by the investor’s ability to manage risks to earn the optimal profit without losing the investment. However, the skill has been challenging to master for most people, and it has become even more challenging in the cryptocurrency space.
When investing in cryptocurrencies, an investor needs to understand the risks involved. There are several determinants of a digital coin price, and since some of these factors are uncontrollable, it is often difficult to manage risks in the crypto space.
Below are some of the pros and cons of investing in the iExec RLC, considering its current price and technical analysis from its price charts.
Pros of investing in iExec RLC
- The iExec network provides value to a broader range of industries, from healthcare to fintech and big data. These are robust industries, that if the iExec network penetrates, the price of RLC, according to the iExcec RLC forecast, can increase significantly.
- Based on the trend analysis, the iExec token is still performing below its potential, and it’s a matter of time before crypto enthusiasts take a keen interest in the token. By considering the support levels on its trend line, the future of RLC appears to be strongly bullish.
- Several price predictions on RLC show that the token is poised to increase in value over the years. These predictions consider the previous price of iExec RLC and make up the most reliable price projections.
- Unlike other low market cap cryptocurrencies that require investors to take even more significant risks to invest, RLC crypto already provides users with a relatively decent market cap, protecting investors from market manipulation, often common among low cap cryptocurrencies.
Cons of investing in iExec RLC
- The iExec network focuses on several aspects of decentralization, and it may be difficult for them to focus and perfect their skills in one field. Therefore, if not executed properly, the platform may not be an industry leader in any of its focus areas, and this could spell doom for its native digital token, RLC.
- The RLC, based on the fundamental analysis of its price action, indicates that the token recently gained attention and has been rather slow in the past. Therefore, investors may be at risk of making losses if the current interest in the iExec network, witnessed on the charts, is short-lived.
Where can I buy iExec RLC cryptocurrency?
The iExec RLC is available on several popular cryptocurrency exchange platforms. The token can be bought and sold on both centralized and decentralized platforms.
Currently, the coin is available on Binance, Upbit, Uniswap V2, VCC Exchange, Bittrex, and HitBTC exchange platforms. The list comprises centralized exchange platforms like Binance and decentralized exchange platforms like Uniswap V2 to reach a broad cryptocurrency audience.
Is iExec (RLC) profitable for short-term investors?
A profitable venture requires time and most investments in the cryptocurrency market need time to become profitable in the long run. Like small startup businesses, cryptocurrency investors must be prepared to face the market volatility and endure when the cryptocurrency market suffers severe bear momentum.
For iExec RLC, the coin could benefit from the technological solutions provided by its platform. The iExec ecosystem includes several solutions in the AI and big data spaces that could pick up faster.
If the much-anticipated surge in demand happens, the iExec RLC could be a profitable venture for the short term.
Should I buy and hold iExec (RLC) for the long term?
Yes! The iExec RLC cryptocurrency is suitable for long-term cryptocurrency holders. The token is projected to continue in an upward momentum from 2022, indicating that the cryptocurrency community will adopt several iExec RLC projects.
Based on these findings, the new technological solutions provided by the iExec platform ensure that RLC is a profitable long-term venture. The iExec marketplace is projected to significantly impact extensive data analysis, healthcare, and other aspects of integrated services.
When the mass adoption happens, the price of RLC is expected to skyrocket, and long-term holders of the iExec RLC will reap good profits according to the most popular technical indicators.
What are other ways of investing in RLC?
There are many ways but you can consider the following if you know the platforms:
- iExec RLC staking
- iExec RLC liquidity mining with Hummingbot
- iExec RLC liquidity pooling on Uniswap
iExec RLC Technical Analysis
iExec is a bit bearish after a slightly bullish trend we saw two days ago in the crypto market. The cryptocurrency currently sits above its 50-day Moving Average, but below its 100-day Moving Average. Its technical oscillators point to the neutral zone. In the coming days, iExec might experience a move back up to its new resistance zone at $1.416. We might see it pull back to the $0.619 support zone. Hence, it is essential that investors trade with caution.
iExec Price Prediction by Authority Sites
Wallet Investor predicts that iExec is a bad investment option. They foresee the coin price will devalue and be worth $0.0885 in one year. Wallet Investor expects the coin to decrease by 96% in five years,
Trading Beasts forecasts iExec to be a good investment. They predict that the token will increase by 30% in 2022 with its maximum price being $1.654. By 2023, Trading Beasts expects iExec RLC to worth $1.67 be9 with a minimum price of $1.142. They expect the average trading price of iExec RLC to be $1.343 by then.
By 2024, Trading Beasts forecasts that iExec will have a maximum price of $2.302 with a minimum price of $1.565. Trading Beasts predicts that iExec’s average trading price would be $1.841; by then, Beasts expects 2025 to be the year for iExec. They forecast the coin to have a minimum price of $1.858 with a maximum price of $2.733. The average trading price of the coin would be $2.186.
DigitalCoin Price expects iExec to have a minimum price of $1.19 and an average price of $1.27 by 2022. The coin’s highest price is expected to be $1.34 by then.
By 2027, DigitalCoin Price expects iExec to skyrocket and have a minimum price of $1.86 with a maximum price of $2.74. Its average price by then is expected to be $2.22.
DigitalCoin Price also expects iExec to have a minimum price of $4.29 with a maximum price of $4.69 by 2030. The average trading price by then is expected to be $4.45.
iExec RLC Price Prediction 2022
Our iExec RLC price prediction for 2022 is bullish as we expect to maintain a maximum price of $1.10 before the end of 2022. The lowest price the coin will have is expected to be $0.93, while its average trading price is predicted to be $0.96.
iExec RLC Price Prediction 2023
iExec is expected to increase steadily in 2023. The coin is expected to have a minimum price of $1.28, with a maximum price of $1.57. The average trading price of the coin is predicted to be $1.33.
iExec RLC Price Prediction 2024
iExec is expected to have a maximum price of $2.25 by the end of 2024. The lowest price coin is expected to have $1.86. Again, iExec average trading price is predicted to be $1.91. Furthermore, we expect a slight dip in iExec minimum price value in 2024.
iExec RLC Price Prediction 2025
in 2025, iExec is expected to increase. We foresee that its minimum price will be $2.61, and its maximum price is expected to be $3.25. The coin’s average trading price is expected to be $2.70.
iExec RLC Price Prediction 2026
In 2026, iExec RLC is predicted to have a maximum price of $4.54. Furthermore, the lowest price the coin will have before the end of 2026 is predicted to be $3.75. iExec’s average trading price is also expected to reach $3.89.
iExec RLC Price Prediction 2027
We forecast that iExec RLC will reach new heights in 2027. The coin is expected to have a maximum price of $6.48, with a minimum price of $5.23. The coin’s average trading price is predicted to be $5.38.
iExec RLC Price Prediction 2028
By 2028, we expect iExec to continue to increase in worth. In 2028, the coin can reach a maximum price of $9.11. The coin’s lowest price is expected to be $7.86, while its average trading price can be $8.13.
iExec RLC Price Prediction 2029
iExec is expected to reach a minimum price of $11.52. Again, the maximum price the coin is expected to be is $13.64. The coin’s average trading price can reach $11.93 in 2029.
iExec RLC Price Prediction 2030
If everything looks good in the crypto market and there is more bullish momentum for all cryptocurrencies, including Bitcoin, we might see iExec skyrocket. By 2030, the coin is predicted to reach new heights. The coin’s maximum price level by 2030 is predicted to be $20.30. Its average trading forecast price is expected to be $16.83.
iExec RLC Price Prediction 2031
2031 is expected to be the year for iExec. The coin’s maximum price is predicted to be $28.57. We foresee the coin’s minimum price to be $24.50. While its average trading price is expected to be $25.18.
iExec Price Prediction by Industry Influencers
Popular crypto expert and YouTuber Altcoin Radar is bullish on iExec. However, they predicted that the iExec RLC tokens would reach $45 in the future, making it a good investment.
Ever since the launch, RLC has continued to remain stable in the crypto market, despite the volatility. However, our price prediction says that RLC is a good investment. Meaning that investors can take advantage of this cryptocurrency if they want to grow their money in the long term.
Additionally, we expect RLC to achieve new highs since the tendency for price inflation will be increased by scarcity. It is important to bear in mind that there is a degree of risk associated with all investments. Do your own research as much as possible before investing in any cryptocurrency. The market remains unpredictable, and it can change at any time. We provided iExec RLC Price Prediction through which you will get a proper clue of how much the coin will show the growth in the price.
iExec RLC value is expected to grow due to the technology behind it. The coin is predicted to reach $28 to $30. Even though iExec is an excellent long-term investment, please keep in mind that every investment has a degree of risk. Conduct thorough research as much as possible and invest in what you can lose. Again, the market never remains the same, meaning that there is every possibility that it can change at any time.