Rocket Pool Price Prediction 2023-2030: Will RPL Reach $10000?
Latest Rocket Pool Price
Article Coverage: Past Performance, Latest News, Price Prediction for the Next 6 Hours, Price Prediction Today, Latest Video, Is Rocket Pools a Good Investment? Key Features and Statistics, Will RPL Reach $10000? Rocket Price Prediction 2023, 2025, and 2030, Where can I Buy RPL Crypto?
Rocket Pool Past Performance (Coinex)
- Last 5 days: +12.7%
- Last 1 month: +19.6%
- Last 6 months: +139.6%
- Last 1 year: +88.1%
Latest Rocket Pool News
- Since Ethereum’s Shanghai upgrade on April 12, centralized crypto exchanges Binance and Coinbase have experienced significant outflows of staked ETH, totaling $340 million and $367 million, respectively. In contrast, decentralized liquid staking protocols like Frax Finance and Rocket Pool have seen net inflows of $56 million and $68 million. Regulatory concerns and higher yields are driving investors towards decentralized staking protocols, as they seek to avoid the risks associated with centralized platforms.
- Rocket Pool has seen an 11% increase in staked ETH since the deployment of its Atlas upgrade. The upgrade reduced the collateral required for mini-pool operators from 16 ETH to 8 ETH, making Ethereum staking more accessible. The platform is now the fifth-largest staking provider, with users staking 500,600 ETH. The Atlas upgrade also added support for staked ETH withdrawals and facilitated the migration of solo stakers to Rocket Pool. The platform has attracted Kraken’s displaced stakers after the exchange shut down its custodial staking service due to an SEC lawsuit.
Rocket Pool Price Prediction for the Next 6 Hours
Rocket Pool Price for the Next few Hours will be in the range of 47.2 and 48.0
Rocket Pool Price Prediction Today
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
Latest Rocket Pool Video
Rocket Pool Price Prediction: Is Rocket Pool a Good Investment?
ETH2 has a PoS chain called the Beacon Chain, which offers improved speed, energy efficiency, and decentralization compared to PoW. It operates by users depositing ETH and maintaining an Ethereum node online 24/7 for validation. Node operators receive additional ETH as a reward, similar to earning interest in a bank account, but in exchange for securing the network.
Rocket Pool is a base layer protocol for decentralized and trustless Ethereum 2.0 staking. It aims to accommodate stakers of various sizes, allowing anyone to stake as little as 0.01 ETH in a network of decentralized node operators, underpinned by RPL collateral. Users can stake ETH by trading it for rETH, a token that gains staking rewards over time based on the performance of the entire network of decentralized node operators.
Rocket Pool lowers several high barriers to entry present in Ethereum 2.0 PoS for individuals, groups, and businesses. It allows users to earn rewards on deposits as small as 0.01 ETH and handles interactions with the Beacon Chain for users. Additionally, Rocket Pool offers users liquidity, as they receive rETH tokens upon depositing, which can be traded, sold, or held at any time.
The Rocket Pool protocol consists of three main components
- Smart contracts
- Smart Node Network
- Mini pool Validators
Smart contracts accept ETH deposits, assign them to node operators, and issue and track various tokens. The Smart Node Network is a decentralized network of specialized Ethereum nodes running Rocket Pool’s Smart Node software, enabling communication with the protocol’s smart contracts and providing the network consensus required by the Beacon Chain. Minipool Validators are smart contracts that facilitate staking in the protocol.
Rocket Pool supports independent node operators and Staking as a Service (SaaS) providers, allowing both to maximize their returns through the protocol. The platform uses RPL as its primary token for governance and collateral, while rETH represents tokenized staking deposits and the rewards they accrue over time.
The protocol enables deposits as low as 0.01 ETH and imposes no maximum deposit limit. Users can stake for any period, with longer staking durations yielding higher rewards. Commission rates for node operators range from a minimum of 5% to a maximum of 20% of rewards earned, depending on supply and demand. To ensure the value of rETH, Rocket Pool’s smart contracts are open-source and audited by reputable teams such as Sigma Prime and ConsenSys Diligence.
- Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event.
- Rocket Pool offers smart nodes i.e., a custom node software allowing anyone to run a node on its network.
- The pool’s open-source and audited smart contracts guarantee fully non-custodial staking and a maximum degree of decentralization.
- Rocket Pool provides rETH, a tokenized version of the staked ETH that allows users to stake from 0.01 ETH to up to 32 ETH and automatically accrues staking rewards based on the performance of the entire network of node operators.
- Rocket Pool’s staked ETH wrapper rETH protects the value of the token against slashing through insurance mechanisms.
- Users can also participate in Rocket Pool through Node Staking, where they deposit 8 ETH and are assigned an additional 8 ETH from users who are depositing ETH and receiving rETH.
- Users of Rocket Pool can earn rewards in both ETH and RPL for participating in the network.
RPL is the native token of the Rocket Pool platform and the following are the primary use cases of the RPL token:
- RPL token holders can participate in the governance of the Rocket Pool platform by voting on proposals and decisions that affect the network, such as changes to staking rewards or fees.
- Users can pay fees on the Rocket Pool platform using RPL tokens.
- Users who stake their RPL tokens can earn additional RPL rewards as an incentive for providing liquidity to the network.
- RPL tokens can also be used as collateral to secure staking on the Rocket Pool network.
Rocket Pool Statistics
TVL: $1.8 Billion
Revenue: $572k (Last 30 Days)
Key Competitors: Lido, Frax Ether, Ankr
Overall, considering Rocket Pool’s key features and use cases, RPL appears to be a moderate case for investment.
Rocket Pool Price Prediction: Will Rocket Pool RPL Reach $10000?
To reach $10000, Rocket Pool must rise 190 fold. At $10000, the Market Cap of Rocket Pool would be $190 Billion. If RPL’s price were to grow at the rate of 25% every year, it would take it 24 years to reach $10000. Given that RPL is a moderate case for Investment, Let us analyze these in detail.
- Growth required to reach $10000: Not Feasible
- Market Cap at $10000: Moderately Feasible
- At 25% growth per annum, the time required to reach $10000: Not Feasible
Historic Momentum Formula
Furthermore, RPL reached its all-time high price of $56 in November 2021 where it grew by nearly 6.2 times in five months (i.e., from the lowest price of $9 in June 2021). Therefore, considering its 1.2 times growth in one month, we can say that the RPL coin needs 158 months to reach a price level of $10000. That is about 13 years. This is not Feasible
It looks difficult for Rocket Pool to reach $10000 unless a very large proportion of Tokens are Burnt.
Rocket Pool Price Prediction 2023, 2025 and 2030
- Rocket Pool Price Prediction 2023 is $86.6
- Rocket Pool Price Prediction 2025 is $156.3
- Rocket Pool Price Prediction 2030 is $707.9
Where can I Buy RPL Crypto?
RPL tokens can be bought from various centralized and decentralized crypto exchanges such as Binance, Coinbase Exchanges, KuCoin, Kraken, OKX, Huobi, Bybit, Crypto.com and Uniswap.
Also Read: Sologenic Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.