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 that is expected to revolutionize the world of computing. iExec aims to offer cloud computing resources whenever they are on demand.
Let’s have a deeper understanding of the iExec platform before forecasting the future price of its native token, RLC.
Image courtesy of CoinMarket Cap
What is iExec RLC?
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 who are typically rewarded with RLC tokens upon connecting to the network.
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.
iExec RLC price history and technical analysis
Image Courtesy of Trading Beasts.
The expected future price of the iExec RLC can be predicted using historical data about its price. The candlestick chart is analyzed using moving average indicators to determine future prices. iExec RLC technical analysis determines the estimated forecasted RLC price rise or fall.
Based on the data, important information can be garnered to determine the RLC price prediction for a prolonged period. These analyses are meant to give cryptocurrency investors an idea of the possible trend directions of the iExec RLC and should therefore not be used as exclusive investment advice.
iExec RLC coins price has been bullish since its launch for most of the token’s price chart. iExec RLC price is hugely reliant on the overall performance of the iExec network and the investment interests of crypto enthusiasts.
Since its launch, the token has significantly increased in price; however, it has also experienced a noticeable price decline over the same period. Therefore, the token has a wide gap between its all-time high price and its all-time low price.
However, at the moment, the token is relatively stable, having established strong support levels and resistance levels throughout its journey.
Based on the currently available data on iExec RLC, the token has had an impressive run since the launch date, which would have proven significantly profitable to investors.
The RLC coin price has moved up in rankings by market cap and is currently ranked position 171 on Coin Market Cap with a live trading volume of 37,819,187.73 USD which implies a 27.05% increase in the past 24 hours.
The current price of RLC is $4.55, which represents a price reduction of 5.55% over the past 24 hours but still maintains a market dominance of 0.01%.
Currently, the market capitalization of the iExec RLC is $364,327,551.09, and the overall iExec RLC Return on Investment, ROI, is 1507.23% which shows the approximate ROI if you invested in RLC at the time of launch which is good iExec RLC news for traders.
Price predictions should consider the all-time high and low prices of a token. For RLC tokens, the highest ever recorded trading price is $16.26, recorded six months ago, on May 10.
Similarly, the all-time low price was recorded in December 2018 – about three years ago, when the token was trading at $0.1488.
Based on the above data and knowledge of the iExec network and its usability, we can determine the advantages and disadvantages of investing in the iExec RLC and decide when to sell iExec RLC depending on the price of iExec RLC.
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.
Market prediction for iExec (RLC) price prediction
Image Courtesy of Wallet Investor
Having outlined the historical price analysis of the RLC token, it is essential to make actual projections about the iExec RLC forecast. In 2022, there isn’t much expected to change regarding the price of RLC. The predicted price of the cryptocurrency indicates a slow bullish momentum towards the end of the year.
The decentralized cloud infrastructure provider, iExec, is poised to champion the decentralized computing space and is expected to disrupt the traditional cloud services offered using blockchain technology.
Based on the available data, the RLC coin’s price for 2021 is expected to remain relatively stagnant with a few months towards the end of the year. The data shows that the projected minimum price of RLC in December 2021 is $3.72, and the maximum price of the token is projected to be $5.47.
On average, we project that the iExec RLC will record an average price of $4.32 during December. Considering the mean estimated price, the coin is expected to experience a short-term bearish trend that will have the token trade at prices below the current price.
iExec RLC price prediction from TradingBeasts
Image Courtesy of Trading Beasts
Trading Beasts data indicate a relatively bearish trend; however, their projections are somewhat modest and do not make ridiculous claims about the future price of the iExec RLC coin.
According to Trading Beasts, the overall trajectory of the price of the RLC cryptocurrency is supposed to assume a downward trend. Based on the comprehensive data analysis, the token has established solid support levels and is expected to test its horizontal resistance level.
The analysis indicates that the RLC could trade at the lowest price of $3.72122 and the highest price of $5.47239 in 2021 December. These estimations are purely based on chart analysis and do not incorporate unpredicted price movements due to crypto news.
Considering these figures, the Trading Beasts team project that the iExec RLC crypto will continue in a somewhat bearish trend for a prolonged period. According to these projections, the RLC price forecasts discourage long-term investors from purchasing RLC tokens from significant crypto exchanges.
iExec RLC price prediction from Wallet Investor
Image Courtesy of Wallet Investor
According to Wallet Investors, we are supposed to brace ourselves for the iExec RLC crypto price rise. The iExec RLC shows a bullish trend based on their analysis that mainly focuses on smart technical analysis.
Wallet Investors projects that the cryptocurrency’s price is bullish for an extended period, making it a good investment for long-term cryptocurrency holders.
As per the forecasts, the one-year price change of iExec RLC is impressive. The cryptocurrency could trade at a maximum price of $8.137 within one year.
Further price prognosis indicates that the cryptocurrency could rally even higher in the following years. The iExec RLC price prediction for five years to 2026 suggests that the iExec RLC would be worth $21.728. These five-year iExec RLC predictions indicate that the token is an excellent investment for long-term investment.
Based on the above analysis, a $1000 US dollar invested in the iExec RLC coin today could be worth 4781.70 in 2026, demonstrating a +378.17% growth in the value of the RLC coin from its past price.
Cryptopolitan’s verdict on iExec RLC
iExec RLC tokens are somewhat risky tokens to invest in. There are conflicting price predictions of cryptocurrency. Ideally, this is due to the price movements witnessed on the charts, which essentially elicit different interpretations.
The iExec price chart indicates that the cryptocurrency recently recorded an outrageous all-time high following a momentous price hike. However, since then, the cryptocurrency has been struggling to maintain higher highs. Since the lowest price is relatively low, price projections suggest that the price does not have sufficient support levels to keep the prices moving up.
Contrary to these predictions, Cryptopolitan thinks the iExec RLC can still assume a bullish momentum in the long run, and therefore prove to be a fantastic long-term coin for cryptocurrency investors.
iExec RLC price forecast for 2022
The price of iExec RLC, according to RLC price prediction, shows a continuous bullish momentum in 2022. The cryptocurrency is expected to continue to test its resistance levels, attempting to break out and register new all-time highs.
However, there’s minimal possibility of recording a new all-time high in 2022; however, crypto enthusiasts who invest now can still benefit from the anticipated price changes in 2022.
According to the available data on RLC price prediction, the cryptocurrency will trade at a minimum price of $6.60 in 2022. It indicates the least average price expected during the entire year.
Similarly, the highest expected price of the cryptocurrency indicates that the coin can trade at a mean high price of $8.04 – which is an average of all the highest prices recorded across Jan to December of 2022. On average, we expect iExec RLC to trade at $6.79 in 2022.
iExec RLC price prediction for 2023
iExec RLC price is projected to continue in an upward trend due to the expected adoption of the iExec network. The increased adoption of the platform and the increase in the number of network users called workers will allow the price of iExec RLC to skyrocket.
In 2023, the price of the RLC will increase and record a minimum price and maximum price of $9.41 and $11.59, respectively.
The average price of the RLC coin based on the price prediction for 2023 is $9.68.
iExec RLC price forecast for 2024
The bullish narrative continues for the iExec RLC in 2024. As per the price forecasts, the cryptocurrency will test its current all-time high price again in 2024.
The price prognosis of the iExec RLC indicates a reasonably continuous trend towards new ATHs. As per RLC price prediction, iExec RLC will trade at a maximum value of $16.23 and a minimum value of $13.68. The average iExec RLC price is projected to be $ 14.06.
iExec price prediction involves a thorough analysis of the historical prices of the RLC to determine the expected future prices of the RLC coin. This mathematical analysis relies on technical indicators present on the Trading View charts of the specific token.
Since its launch, RLC has managed to stay relatively stable on the market cap rankings. The RLC has continuously recorded steady growth in its price.
The iExec RLC price prediction indicates that the cryptocurrency is highly likely to increase in value over the years, signalling long-term investors to take advantage of the investment opportunity as early as possible.
Based on the above technical analysis of the iExec RLC price, the cryptocurrency is a good crypto investment for the long term. Despite the difference in price predictions from other sources, it is evident that the cryptocurrency will continue to retest the resistance levels and record new ATHs in the future.
Although these RLC price projection results are perfectly accurate, they provide a clear direction of the price of RLC based on its previous prices.
According to Cryptopolitan, the best prices of the RLC coin is yet to come, and cryptocurrency investors should anticipate making profits from their RLC investments in the future by holding for prolonged periods.
On October 12, 2021, the iExec team excitedly announced the official launch of the iExec Oracle Factory, a developer interface allowing anyone to create decentralized oracles, from scratch, in minutes and without any blockchain knowledge. This event means that you can deploy oracles directly from your browser, using only the API’s URL and key.
Cryptocurrency investment space is filled with a myriad of questions. Since cryptocurrency investing is a relatively new venture, many enthusiasts are still unfamiliar with its fundamentals.
Below, we look at some of the frequently asked questions about iExec RLC price. This FAQ section is meant to provide short answers about the future price of iExec RLC and whether it is a viable investment option.
Is iExec (RLC) a safe venture in 2021?
The iExec RLC’s future possible growth is positive since it offers innovative solutions to the cloud space. The cryptocurrency behind the iExec cloud platform allows data providers to sell data and bring computing resources together through decentralized applications.
RLC is relatively safe, based on the trend analysis and the data from its previous prices. The platform is also poised to benefit from the unique consensus protocol, helping the RLC coin price.
As a trader who wants to buy RLC using ETH, here is what the operation looks like:
- The trader sends 1 ETH to the exchange contract. That will increase the total amount of ETH stored on that smart contract,
- The RLC/ETH Uniswap exchange contract collects a 0.3% fees on the trade (= 0.003 ETH) used as a reward spread among the liquidity providers,
- The RLC/ETH Uniswap exchange contract sends 0.997ETH worth of RLC tokens back to the trader. That will deplete the total amount of RLC tokens detained by the smart contract.
Is iExec RLC a good venture?
Depending on the investor’s desires, the RLC’s current price level could be either a good or bad investment. The cryptocurrency could prove to be a fantastic investment for long-term holders since we expect significant price changes over a prolonged period.
Therefore, long-term investors stand a better chance of reaping more profits from their investments than short-term holders.
What will be the price of the RLC in 2025?
RLC’s average performance gauged by the iExec infrastructure performance in 2025 is impactful in the future price of RLC.
The distributed cloud platform is expected to perform even better in 2025, and as per the available price data, the iExec RLC price will range from $20.27 to 23.99 USD in 2025. The average projected price on the cryptocurrency market is 20.83 USD.
Is iExec RLC token good for newbies?
Newbies often tend to make hasty business decisions and are often “rekt” when high market volatility. Therefore, newbies are often advised to begin their cryptocurrency investing journey with popular cryptocurrencies with higher market cap rankings like BTC and ETH.
iExec RLC has a decent ranking; however, it is still prone to high volatility and could easily confuse newbie investors. Therefore RLC isn’t appropriate for new crypto investors.
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 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
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.