The grand idea that will see users circumvent gatekeepers to monetize or rent computing power, datasets, and applications, is setting the tone for this RLC price prediction. IExec is making important steps towards creating a decentralized marketplace for computing assets.
If successful, iExec will become a technological pillar of the increasingly interconnected future. Now, as Bitcoin, Ethereum, and other cryptocurrencies take off in the face of institutional-level investments, crypto investors are getting excited over this RLC price prediction.
iExec RLC Price Prediction | Introduction
At the time of writing this RLC price prediction, the native currency of the iExec ecosystem traded at $2.92, according to data from CoinMarketCap. The market cap of the network was over $210 million, fully diluted to nearly $230 million.
The iExec marketplace will allow users to connect their computing assets to one virtual space, thereby creating a decentralized ecosystem where consumers and suppliers can rent and purchase computing power.
In 2017, iExec successfully raised $12 million through a much-publicized ICO. Using this platform, iExec has been able to launch multiple products for developers and receive critical feedback and improvement recommendations ahead of mass adoptions.
RLC Price Prediction: Technical Analysis
Let’s start the technical analysis by exploring the RLCUSD market at the monthly price chart:
|Month||Open Price||Closing Price||Month High|
RLC crypto price has witnessed a tight consolidation around a vital resistance level for roughly four months. This consolidation trading between $6.70 and $2.38 is in its final stages and might provide a bottom reversal pattern at $2.38 support, triggering a small bull rally.
The crypto has been retesting the $2.12 and $1.79 support level for roughly a month and has recently set up a small range above it. The range low of $2.38 could be the base for RLC crypto to form a potential triple bottom setup.
For now, the iExec crypto needs another tap around November’s open price to complete the technical formation. So, iExec investors need to wait for the outcome of the $2.38 retest or November’s open.
A retest of either of these levels will allow RLC to kick-start an ascent to $6.70 and the buy-stop liquidity resting above it. Even though there are many minor retracements around this level, the price action on BTC and ETH price will determine what’s next for RLC.
If these big cryptos continue to head higher, altcoins such as RLC will follow suit. A bullish course of action is exactly what RLC needs in 2022. In which case, RLC needs to flip the $3.62 and $4.81 hurdle into support floors.
This price action will allow the computing power coin to extend its rally to $7 or $10. If RLC sets up a swing high around $7, it will constitute more than a 50% gain from the intermediate resistance level at $3.62.
On the other hand, if RLC fails to hold above $2.38, it could indicate that the bears are back in control. A daily close at this level will invalidate the bullish iExec RLC price prediction thesis. In such a situation, the RLC price could head lower to retest the $0.95 support floor.
RLC Price Prediction: Market Opinions
The iExec RLC price prediction for 2022 varies from $2.75 to $6.15. What these iExec RLC price prediction narratives have in common is the fact that RLC will experience steam growth with no extreme falls in 2022.
All major forecasting websites speak almost unanimously on RLC. The speed of this growth is what each price forecast sees differently. All in all, the future holds only positive change for iExec, but the timelines vary depending on who you ask.
RLC Price Forecast for January – February
Gov.Capital RLC price forecast for January – February projects RLC price could deviate from the consolidation mean, hinting at 50% upswing gains to be made within the first two months of 2022. This forecast gives the best possible price at $4.14.
LongForecast proposes RLC will remain in consolidation towards February 2022 as RLC bulls eye a 50% run-up. The RLC crypto price can rally and recover recent losses if it manages to hold above the support level. This RLC price forecast for January – February eyes $3.38.
RLC Price Forecast for the Rest of the Year
PricePrediction.net RLC price forecast for the rest of the year should iExec RLC crypto is bound for profit-taking after hitting a high of $4.87. As the bear is thrown into shambles, this iExec RLC price prediction eyes $3.98 within a year.
TradingBeast anticipates RLC is preparing for 100% gains as the crypto hovers above crucial support. RLC price looks ready to breakout as bullish momentum could thrive around the buying opportunity in Q1 2022. The RLC price forecast for the rest of the year is $2.34 to $3.47.
RLC Price Forecast for the Next Year
WalletInvestor RLC price forecast for the next year shows the crypto is positioned itself for a steep uptrend as bulls reappear. The forecast shows prices could go up within a year but could fail to break the consolidation pattern to settle for $5.70.
DigitalCoinPrice edges closer to iExec RLC price prediction at $4.2. This RLC price forecast for the next year shows the coin is on the cusp of a major rally to double as RLC enters the buy zone at $2.38. The RLCUSD market could recover as buy orders grow.
Cryptocurrency Experts and Influencers
TraderJoess RLC price prediction eyes $3.50, as iExec will dominate the computing asset decentralized marketplace sector. This iExec RLC price prediction is built on the adoption uptake after the completion of the platform and the upcoming launch of code.
Toni_G21 eyes 100% upswing while the plan to deploy the code gains traction. This prediction targets $48 for the best possible RLC price prediction in 2022. A retest of $4.15 is the final signal to kick-start the momentum to break past the current all-time high.
Latest News and Happenings Concerning RLC
IExec recently launched the iExec Oracle Factory, a developer interface allowing developers to design their own oracles. The interface enabled developers to create oracles from scratch with basic level experience with blockchain technology and directly from the browser.
RLC crypto has kicked into high gear as iExec stands out as a high-profile, fast-growing application network. With an ever-growing list of projects built on its blockchain, the network experienced a surge in developer activity, setting a record all-time high in 2021.
In May 4, RLC price prediction materialized following the listing on Coinbase. The listing came hot on the heels of the exchanges’ direct listing, this time on the traditional financial markets when NASDAQ included Coinbase stocks to its growing list of tradeable crypto-based firms.
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Is iExec Real?
Yes. The iExec network has become a top contender in the computing assets industry, and in the past year, the network’s total value at one point grew to over $1 billion when it hit an all-time high at $17. Investors have no reason to question the ecosystem; it justifies itself.
How Much Is an iExec?
The value of RLC crypto was just above $2 at the time of writing this iExec RLC price prediction. At this time, the crypto was testing support as buyers looked to consolidate an effort to take the crypto higher and closer to its all-time record in 2022.
How Do I Invest in iExec?
Since May 2021, RLC, the native currency of the iExec network, has been available on Coinbase and many other major cryptocurrency exchanges. Investing in crypto will allow you to capitalize on the future gains of the network as developers find more utility for the coin.
iExec RLC Price Prediction: Verdict
RLC will continue to be a top contender in 2022 as this RLC price prediction projects additional upsides in 2022. The iExec crypto network has experienced consistent growth, institutional interest, and healthy market conditions make it ripe for investment.