iExec RLC price prediction. iExec RLC Fundamental Analysis | Via SwapSpace | Capital | July 2021
RLC is an ERC-20-compliant token native to the iExec network. The project is committed to building a decentralized cloud infrastructure to provide computing resources for dApps. The iExec ecosystem includes:
- iExec market, where resources are traded;
- iExec SDK for dApp developers;
- dApp Store, used for applications built on the iExec infrastructure;
- Data wallets help data providers sell their information.
The project is premised on the limitations of existing computing solutions. On the one hand, traditional cloud services provided by companies such as Amazon cannot provide the level of decentralization required by many dApps. In addition, cloud services are very expensive, even for companies that do not require decentralization, such as research projects or small start-ups. On the other hand, blockchain infrastructure like Ethereum avoids these limitations, but in its current state, it is slow, costly, and almost unscalable, which hinders the spread of dApps, because as they become more complex As sex increases, they require more and more resources. Therefore, the purpose of iExec is to provide computing resources on demand to those who need them. These resources are provided by network users called Workers and are brought together to form a distributed cloud. Workers are compensated for their contributions through iExec RLC tokens. Through the use of specific field side chains and a unique consensus protocol called proof of contribution, high scalability and security are ensured.
After RLC went public in the spring of 2017, most of its trading prices were between ~0.5-~0.7 US dollars. This situation changed after the iExec mainnet went live in January 2018. At that time, the price soared to about $3.7, then fell back, and then rose again to about $2.2 in May 2018. However, by the end of that summer, the price of RLC tokens experienced a correction, and then fell even below the level of 2017, hovering around $0.2-0.3 for most of the next two years. Then, as the general interest in blockchain projects has risen, the price of iExec RLC has also risen, reaching approximately US$0.7 into 2021. In the first few months of 2021, prices continued to rise. After iExec announced that it would provide grants to developers, the price reached a staggering $16.26 peak on May 10. Since then, the price of the token has been falling sharply, reaching approximately US$2.8 in late June 2021. However, this price level is still higher than the average performance of RLC, and many experts remain optimistic about the RLC price forecast.
Although it is almost impossible to perform 100% accurate technical analysis of iExec RLC cryptocurrency, on this advanced technical analysis tool of TradingView, you can view real-time aggregated RLC buying and selling ratings within a selected time frame. The summary of RLC/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable price forecasts for iExec RLC (RLC) from popular forecasting platforms.
According to WalletInvestor, the price of iExec RLC will rise from US$3.484 to US$5.859 within one year. This makes RLC an amazing investment. The long-term profit potential is 68.17%. The forecast price at the end of 2026 is $17.718.
In DigitalCoin’s analysis, the price of iExec RLC cryptocurrency will rise from today’s USD 3.4969 to USD 15.2566554 in the next 5 years. By 2022, it will rise to US$5.8831662 and continue to grow in 2023-2024. Based on this forecast, iExec RLC is a profitable long-term investment.
It is clear from the analysis cited above that the iExec RLC (RLC) forecast is quite contradictory. There is no general consensus on whether the future RLC price trend will be positive or negative. In fact, the possible future growth depends on various factors: announcements, new technical solutions for iExec RLC projects, general encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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