iExec RLC (RLC) Price Prediction 2023/2025/2030

18 January 2023, 12:20 GMT+0000
Updated by Maria Petrova
30 January 2023, 12:04 GMT+0000

iExec RLC is a blockchain-specific ecosystem that allows users to monetize computing power, data, and even apps. Shared computing is an undoubtedly innovative use case. But does that make the iExec’s native token, RLC, a good buy? This piece builds a comprehensive iExec RLC price prediction and considers the robustness of the iExec project as a short and long-term investment. 

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iExec RLC price prediction and the role of fundamental analysis

iExec price prediction 2023/2025/2030

The short-term price action of any digital asset depends on the price chart. A long-term price prediction always depends on the project’s fundamentals. iExec RLC offers on-demand computing power relevant to myriad verticals like healthcare, fintech, and more. But it is the underlying open-source software that makes this possible.

Everything on the iExec RLC network is of value, courtesy of a simple incentivizing model. Here is what it looks like.

  1. Users can monetize computing resources on the iExec RLC network as iExec workers. This way, they can earn the native RLC tokens.
  2. Users can also monetize their algorithms (ideas), DApps, and even datasets, offering them to network participants with similar interests.
  3. Proof-of-contribution, or PoCo, is the go-to consensus mechanism that tracks participants offering off-chain resources. In simple words, the network is secured by the givers.
  4. An underlying decentralized cloud infrastructure works like a web3 marketplace, allowing users to pick any resource they desire.

Trivia: iExec RLC’s ICO sold out in under 3 hours, showing the initial popularity garnered by the project.

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 iExec RLC token craze: IEX.EC
iExec RLC token craze: IEX.EC

The iExec RLC price prediction begins on a positive note. The project itself comes with a relatable use case. The native token, RLC, follows a transparent incentivizing model, helping developers and providers monetize their resources.

iExec RLC tokenomics

As mentioned, the native RLC token is the ecosystem-specific medium of exchange, helping create that simple incentivizing layer. RLC’s ICO was also a success. The tokenomics is relatively simple, with RLC having a pre-mined, capped supply of almost 87 million.

RLC supply curve: Messari
RLC supply curve: Messari

And in that 2017 ICO/crowd sale, a majority of capped supply was given to 1,100 network participants. 84.1% moved to the network participants, whereas founders and iEXEC RLC R&D held onto the remainder. Currently, 93% of the capped supply forms the circulating supply or is liquid. 

The tokenomics model is straightforward and transparent. Once the circulating supply equals 100% of the fixed supply, RLC scarcity will creep in. This will especially be apparent as the network grows and more providers and requesters enter the mix.

iExec RLC price forecast and on-chain metrics

The success of any crypto project can be attributed to the growth of the on-chain metrics, including the wallet addresses. For iExec RLC, even the development activity comes to the fore. More developers and providers joining the network might result in further optimism regarding adoption. 

We start this discussion by tracing the number of RLC holding addresses over the past 90 days. As visible, there has been a dip in the holding patterns in January. However, the latest relief rally seems to push the address count slightly higher. The only concern is that the top 100 RLC holders control almost 83% of the overall circulating supply. This might lead to a market-wide dump if the current rally turns into a profit-booking spree.

IExec RLC address count: Coinmarketcap
IExec RLC address count: CoinMarketCap

The chart illustrating iExec RLC’s development activity also offers insight. When combined with the price action, the recent surge in the price of RLC is aligned with the peaking development activity. This shows that the positive impact on prices isn’t just due to the market-wide rally. Developers might be actually building and using the resources available on the iExec RLC network. 

iExec RLC development activity: Santiment
iExec RLC development activity: Santiment

Last but not least, the four-week volatility is still lower compared to early November. Pairing this metric with the price action shows the average price of RLC takes a hit every time the volatility increases. Therefore, the better the market conditions are, the better the news might be for the price of iExec RLC.

iExec RLC price volatility: Santiment
iExec RLC price volatility: Santiment

RLC price prediction and technical analysis

Now we have considered the fundamentals, tokenomics, and a handful of metrics; it’s time to delve into pattern-hunting. Here is the raw weekly RLC-USDT chart to begin:

iExec RLC price prediction and weekly chart:TradingView
iExec RLC price prediction and weekly chart: TradingView

A clear trend is noticeable. RLC starts trading in a range, makes a couple of higher highs, and then assumes a peak. From that peak, we see the RLC chart turning into a mirror image of the left-sided chart, making a swing high or a lower high formation. And finally, as of Jan. 14, 2023, RLC’s prices are trying to move up, which might indicate that the left-sided pattern is trying to repeat itself.

Here is the chart with all the key points in play:

iExec RLC price prediction chart with all points marked: TradingView
iExec RLC price prediction chart with all points marked: TradingView

Notice that the pattern left-side pattern starts with a low, followed by a high. Therefore, if the concept of foldback is followed, the next high for RLC could appear anytime after a low or M1, per the given chart. 

Price changes

The left side of the chart, comprising points M to C, looks symmetrical to the right side of the chart, M1 to C. Therefore, we shall now plot the distance and price change percentages between all the points from M to C and then M1 to C (reverse as the right side looks like the mirror image of the left side). 

iExec RLC price prediction tables
iExec RLC price prediction tables 1 and 2

Calculations

Now we have all the datasets relevant to the highs and lows on the chart. So, we can use the average price change percentage and distance of the lows-to-highs to calculate the next point, A2.

We will keep extremely high percentage values out as the current state of the crypto market might not support a 6-figure hike, like M to A. We can, however, keep every distance value in consideration when calculating the average time RLC might take to move from any lowest point to the highest.

iExec RLC price and distance calculations: TradingView
iExec RLC price and distance calculations: TradingView

Therefore, the average price change percentage from a low to a high would be 98 days and 599.17%. Still, the maximum distance and the minimum price change percentage figures are 154 days and 302.05%. We will keep these figures handy to ensure RLC can move at least to those levels during the next high. Yet, the distance can vary and go as high as 588 days — the sum of all the low-to-high percentage values — considering the bearish nature of the crypto market.

Considering the current state of the crypto market, the next high or A2 could surface at $2.27. As the distance might vary from 98 days (already passed) to 588 days, we take a year from the previous low to locate the mentioned point.

iExec RLC price prediction 2023

Outlook: Moderately bullish

From the data above, we have calculated that the RLC could form a high of $2.27 in 2023. We can also refer to the tables above for the low-level iExec RLC price prediction. Here, we must find the average price drop and distance between highs and lows.

The average from table 1 and table 2 is 59.5 days and -60.59%. As we are still in the bear crypto market, the distance between the highs and lows can go as high as 105 days — the highest value from the tables above. In the case of market recovery, the minimum drop can be around 47.33% — from the tables above.

IExec RLC price prediction 2023: TradingView
IExec RLC price prediction 2023: TradingView

Therefore, from our predicted high A2, the forecast line puts the lowest price of RLC in 2023 at $1.20.

Projected ROI from the current level: 39%

iExec RLC price prediction 2025

Outlook: Bullish

From the 2023 low, we can project the next high or B2 on the chart. We can use the low-to-high average price hike and distance. Or, we can take the maximum distance and minimum hike from a low to another high to locate the next point.

Taking the maximum distance of 154 days and the minimum price hike of 302.05%, we get to the next level at almost $4.86. However, RLC has a very strong resistance at $2.62, which is where the 2024 high might surface, considering the given adoption rate and network growth. 

IExec RLC price prediction 2025: TradingView
IExec RLC price prediction 2025: TradingView

The low in 2024 might respect the important support line of $1.365 and surface at that level in the next 105 days or less. We can mark the same on the chart for our reference at $1.365.

Our RLC price prediction model seems successful. The drop from the high in 2024 to the low in 2024 respects the 47.33% drop we discussed previously. 

We can plot the iExec RLC price prediction points from this level for 2025. Using the data from the table, we can put the same at a minimum high of 302.05%. The distance can be as low as 98 days (which would then put the high in 2024) or even 588 days — provided RLC takes more time to become popular. Keeping the average distance in mind, we can plot 2025 high at $5.52 in early 2025.

The lowest point could be in 59.5 (60) days and at a drop of 60.59% — using the average figures from the tables above. This puts the RLC price prediction for 2025 low at $2.81. 

Projected ROI from the current level: 238.65%

IExec RLC price prediction 2030

Outlook: Bullish

Now we have the lowest level for RLC in 2025. We can use that to locate the next high. The next high surfaces in 2026 and at $8.781 — using the maximum distance of 154 days and a minimum price gain of 302.05%. 

If we connect the 2025 low and 2026 high using the Fibonacci indicator, we can extrapolate the iExec RLC price forecast till 2030. The projected path puts the iExec RLC price forecast level for 2030 at a high of $74.07.

IExec RLC price prediction 2030: TradingView
IExec RLC price prediction 2030: TradingView

But there is a catch. Notice that for this maximum coin price expectation to hold, the price of iExec RLC must cross its previous all-time high of $16.26 by 2028. Also, this could be the price to beat for iExec RLC in 2028.

Projected ROI from the current level: 11,973%

iExec RLC (RLC’s) long-term price prediction (up to 2035)

Outlook: Bullish

Now we have visibility on the RLC price prediction 2030 model. We can use the calculations and data from above to trace the path till 2035. Here is the table for the same.

rlc price prediction table 3

Note that every data point should not be taken as absolute. Any year’s price of iExec RLC will still depend on other metrics. These include market cap, trading volume, the overall state of the crypto market, and other factors.

Is this iExec RLC price prediction model accurate?

As an innovative project, iExec RLC has a decent fundamental grounding. While we have embarked on detailed iExec RLC technical analysis, network growth and on-chain metrics are also considered in this piece. This forensic approach ensures that this price prediction is reliable and practical. Of course, prices are subject to change in the volatile crypto market. But likely bull and bear markets are factored into this prediction, as is predicted network growth.

Frequently asked questions

What is iExec RLC (RLC)?

iExec RLC is a decentralized computing service — a project that allows users to request for and provide computing resources from and to others. RLC is the native token which helps developers and providers monetize their services. Apart from computing prowess, users can monetize DApps and essential datasets on the iExec RLC network.

Is iExec RLC a good investment?

iExec RLC could be a good investment as it solves a problem around shared computing. Plus, our iExec RLC price prediction model indicates that depending on the network growth and adoption, the price of RLC has the potential to scale newer highs in the long term.

What does iExec RLC do?

As a network, iExec RLC aims to offer computational resources as a web3 marketplace. Any developer who doesn’t want to go into the complexities of coding can rely on the computing power available on the iExec RLC network. In simple words, it aims to become a decentralized alternative to the likes of Azure, AWS, and other providers.

How much will RLC be in 2030?

Our iExec RLC price prediction model puts the price of iExec RLC at over $74 by the end of 2030. While this might seem a bit far-fetched at present, we have taken the growing popularity of its peers, like Golem, Akash network, and Cudos, into consideration. Plus, our iExec RLC price forecast for 2030 depends on RLC breaching its previous high of $16.26 by 2028 at max.

What is the all-time high for iExec RLC?

As of now, the all-time high price of iExec RLC is $16.26. RLC touched this price on May 10, 2021, which also led to a growth in its market cap and trading volume. As of Jan. 15, 2023, RLC is trading at a 90% discount to its all-time high price.

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