iExec is a platform for decentralized cloud computing. This concept is similar to Golem (supercomputer) and Siacoin (cloud storage), except that it uses cloud services for processing capacities. Its target audience is the world of blockchain technology itself and the ecosystem of decentralized applications associated with it.
The system uses the Ethereum platform and RLC ERC-20 token for its ecosystem. What are the prospects of the iExec project and its cryptocurrency? Let’s find out in iExec RLC (RLC) coin price prediction for the next couple of years.
iExec RLC (RLC) Fundamental Value
Cloud computing has quickly become the industry standard for companies that need access to computing power without the need to maintain expensive technology infrastructure.
For example, companies such as Netflix, Apple, Etsy, and Xerox manage some (or even all) of their applications and data using cloud computing solutions from companies such as Amazon, Google, IBM, or Microsoft. If these companies have tens of thousands of servers with intensive computing support, why not lease some of their capacity to other companies?
These services provide enterprises with access to resources that would otherwise be very expensive. iExec wants to provide the same service, but make it decentralized. The market capitalization of this industry in 2016 amounted to $22.4 billion, and by 2026 it will reach $55 billion.
To support decentralized applications, smart contracts, and their platforms, iExec takes particularly complex calculations outside the network to ensure the smooth operation of all the functions of the blockchain. iExec uses XtremWeb-HEP, open-source software designed for desktop grid computing.
Desktop grid computing (also known as Volunteer Computing) brings together idle computing resources that can be used by applications and platforms. According to iExec technical documentation, XtremWeb-HEP offers all the necessary functions to make this possible on a global scale, including multi-functional, multi-user, hybrid public/private infrastructure, virtual image deployment, data management, security, accountability and much more.
iExec performs service mapping using its smart contracts. The Matchmaking algorithm receives requests from the network and compares them with the corresponding offers of providers.
To provide users with access to the resources they need, iExec uses the Proof of Contribution model. This consensus algorithm ensures that the provider offers the computing power required by the user. For their services, the provider will receive a reward in RLC, iExec tokens.
At the beginning of trading, the price of one RCL coin was about $0.3. In June 2017, the rate reached the point of $1.12. Then, approximately half of the year, the coin price trend was negative. Only in December 2017, the price began to grow again and reached $4.44 already in January 2018. After that, the RLC rate went down until April 2018. The next price peak was in May 2018. The price increased to $2.14. Since that moment, the price didn’t grow dramatically. The positive trend occurred 3 times in a year:
In May 2019, the price grew up to $0.6.
In November 2019, the price hit $0.7.
In February 2020, the rate began to grow and, at some point, reached $0.75.
iExec RLC (RLC) Technical Analysis
Well, there is not actually any technical analysis expertise of Dent cryptocurrency. However, here is the aggregate rating for RLC from several traders & analysts on TradingView.
iExec RLC (RLC) Price Prediction for 2020-2025
Here we collected some aggregated price predictions for the next couple of years.
#1. Wallet Investor RLC Price Prediction for 2020-2025
According to Wallet Investor’s forecast system, RLC is an awesome long-term (1-year) investment. The iExec RLC price can go up from 0.366 USD to 0.6080 USD in one year. The long-term earning potential is +66.11%. In 2022, the RLC price can reach $1. In 2023, iExec RLC coin will go up to more than $1 and down to $0.5. In 2024, the tendency of the previous year will remain. The iExec RLC (RLC ) future price will reach $1.054 in 5 years.
#2. Crypto Ground iExec Price Prediction for 2020-2025
According to Crypto Ground, it is profitable to invest in RLC for the long-term. The price of iExec (RLC) in 2022 will be about $1.9773. As per the forecast and algorithmic analysis, the price of 1 iExec (RLC) will be around $3.5904 in 2025.
#3. iExec RLC (RLC) Price Forecast for 2020-2023 by Trading Beasts
According to the source, the price of RLC crypto coin will be about $0.5 by the end of 2020. In 2021, the price won’t change a lot: $0.4 to $0.6. The tendency will continue until 2023.
#4. Youtube Blogger tb win RLC Price Prediction for 2020
#5. Digital Coin Price RLC Prediction for 2020-2025
According to Digital Coin Price, iExec RLC (RLC) is a profitable investment. The price of 1 iExec RLC (RLC) can roughly be up to $0.26429260 in 1 year. However, in 2022, the RLC rate will go up to $1.06. The coin price will gradually increase, and in 2025, it will reach $1.7.
iExec RLC platform offers the product that is already in demand among the community. Blockchain technology and other advantages that we find out above, allow iExec RLC to be one of the most promising projects in its niche. This fact can help RLC cryptocurrency to gain a foothold in the cryptocurrency market and make it a good investment tool.
You can buy or exchange iExec (RLC) Cryptocurrency via Changelly service. It’s easy to buy RLC with USD, EUR, or GBP (credit cards accepted). You can also exchange your BTC, ETH or any other crypto to RLC.