Altcoins have been the talk of the town lately following their resurgence in the market. iExec RLC has not been left behind in the race to occupy the top spot.
RLC is an ERC-20 standard token that runs on the iExec network. The iExec network is a decentralized cloud network that allows users to buy or sell processing power for their decentralized applications.
The RLC token provides access to the computing resources in the iExec cloud platform. Like other altcoins, the RLC price continues to spike. So, what is driving the RLC price?
RLC Price Prediction
This little-known iExec RLC altcoin is making some money moves that are exciting crypto traders across the world. RLC first began trading at $0.178 during its launch in May 2018. In May 2019, its price rose to $0.6 and $0.7 in November 2019. Earlier in 2021, RLC price reached an all-time high of $16.26. However, at the time of writing, the RLC price is hovering around $4.38, a 73 percent decrease from its all-time high.
According to several price prediction websites and influencers, The RLC price will likely hop to $56 before the trading year 2025 ends. By December 2030, the price might slightly be above $160. According to Digital Coin Price, the RLC token will be trading at $17.90 before the end of 2021. The token, however, has no predetermined maximum supply.
Is iExec RLC a Good Investment?
Like most cryptocurrencies, traders can make massive profits or losses due to the inherent volatility associated with cryptos. Additionally, RLC’s limited supply plays a significant role in driving its price. With limited supply and a vast number of users looking to use the platform, RLC price will likely go in one direction, up. Thus, iExec native token RLC seems to be a good investment since it promises good future returns. iExec RLC enthusiasts predict that the token will hit a $500 mark in the near future.
RLC Technical Analysis
It’s impossible to 100% discern accurate RLC price prediction and technical analysis. However, TradingView’s advanced technical analysis tool provides real-time aggregated buy-and-sell rating over varying time-frames for RLC tokens. The overall overview for the RLC/USD considers established technical indicators; Moving Averages, Oscillators, and Pivots.
iExec RLC (RLC) Price Predictions 2021 – 2025
Below is a summarized price projection for iExec RLC from reliable forecast platforms.
#1 TradingBeasts iExec RLC Price Prediction
TradingBeasts predicts RLC/USD to drop in September to $3.56212 from its current price. TradingBeasts predict RLC price to trade at a maximum of $4.49960 and a minimum of $3.05973. They expect it to close the year with an average of $3.71278. At the beginning of 2022, TradingBeasts estimated the RLC price to trade at $3.75228. Price developments throughout the year will lead to a close of $4.20669 with a maximum price of $5.04.
RLC/USD will consistently trade between $3.6 – $6.6 price levels until 2024, where it will close the year with a price of $5.30978.
#2 Coindataflow RLC Price Prediction
Coindataflow forecasts the RLC price based on the growth prediction of Bitcoin. According to them, if Bitcoin experiences a 1% growth, the RLC/USD will project to $4.32 in 2022. It might even close the year 2025 with a price of $4.66. On the other hand, if it follows Bitcoins 20% previous growth average per annum, the RLC price might trade at $6.4 in 2022 and $22.46 in 2025.
However, if the growth is 100%, Coindataflow projects RLC/USD will trade at $706.4 in 2025.
#3 WalletInvestor RLC Price Prediction
The smart technical analysis tools used by WalletInvestor predict a long-term increase in the RLC price. The projections show that the price may hop from the current $4.221 to a possible $7.042 over a year. Thus, RLC/USD will likely trade at $18.502 in five years.
#4 DigitalCoinPrice RLC Price Prediction
The experts at DigitalCoinPrice expect RLC/USD to close the year 2021, trading at $7.25. They expect the coin to hit $8.04 in 2022, touch $10.62 in 2023, $11.85 in 2024, and $12.41 in 2025. Finally, the platform predicts the price to shoot to $14.1, $15.8, and $18.88 in 2026, 2027, and 2028.
Price prediction #RLC
What will be the price of one $rlc token on 01/09/2021 ?
— Praveen Nair (@praveen_6) June 10, 2021
iExec RLC Price Prediction 2021
iExec RLC price will likely continue trading positively between $4.31 and $7.1 throughout the year. Digital Coin projects the token to complete the trading year at an average of $7.25 with a maximum price of $17.90. Crypto ICO Trends analysis is optimistic that the coin might close the year with a price level of $39.11.
iExec RLC Price Prediction 2022
If the token maintains its upbeat tempo, its price at the beginning of 2022 might be $10.11. After that, iExec RLC/USD could carry on with the trend and close the year at $15.78. According to Digital Coin Price, iExec RLC will close 2022, trading at $8.04.
iExec RLC Price Prediction 2023
According to cryptocurrencypriceprediction.com, iExec RLC crypto has been a consistent performer in the crypto market. The study shows the highest probability of the token in the first quarter of 2023, with a slight drop from its previous year’s performance. The price will fall from $15.78 to $14.62 before ascending in June to $15.58. It will close the year, trading at $15.94.
iExec RLC Price Prediction 2025
2025 will be a game-changer for iExec RLC/USD. The price will possibly shoot towards $40.74 at the beginning of the year 2025. However, experts expect RLC/USD to close that same year with a market price of $56.7.
iExec RLC FAQ
Is iExec RLC a good investment?
According to top platforms and analysts, iExec RLC crypto is a profitable investment. This goes for both long-term and short-term investments. The token is forecasted to at least touch the $100 mark in five years.
Is the RLC price going to fall?
No. the iExec RLC coin is just getting started.
Is RLC price rising?
Yes. Investors are slowly finding their way towards iExec RLC. With the scarce token supply, the price will possibly increase from its current price.
Will iExec RLC reach $100 in five years?
According to our prediction, iExec RLC/USD trading at $100 in five years is highly possible. It will come as no surprise if the coin sells beyond this mark.
How high can iExec RLC price rise?
It is hard to tell. The price can go as high as $500, depending on the time frame. According to experts, the price might hit a high of $20 in a year and $100 in five years.
Will iExec RLC surpass Bitcoin?
Despite our belief in RLC/USD being the future of cryptocurrency, overtaking Bitcoin will not come soon. Bitcoin has already established itself as the king of altcoins, and taking its spot will require much from this altcoin. Hence, the possibility of replacing/surpassing Bitcoin is unlikely for now.
Now, iExec RLC is one of the top leading decentralized cloud-computing service providers. Its collaborations with tech giants like IBM and Microsoft have contributed to its rapid growth.
However, the price projections are dependent on factors like announcements, improvements of the platform services, adoption rate, and impact on the environment.
Hence, before investing in RLC, ensure that you have done your market research. Then, invest what you are comfortable losing.
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