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Rocket Pool Price Prediction 2024-2033: Is RPL A Good Investment?

Rocket Pool Price Prediction 2024-2033

Rocket Pool (RPL) is making waves in the cryptocurrency world, and this is the ideal place to understand its future potential. It’s crucial to keep a close eye on RPL’s price trends and predictions because it’s a prominent name in decentralized finance. In this ever-evolving landscape, staying informed about RPL’s real-time charts and market insights is essential for both seasoned investors and newcomers. This introduction is your gateway to unraveling the exciting journey of Rocket Pool.

How much is Rocket Pool worth?

Rocket Pool is currently valued at $22.21, with a 24-hour trading volume of $7.09 million and a market capitalization of $450.64 million, holding a market dominance of 0.02%. Over the last 24 hours, the price of RPL has decreased by -8.53%. Sentiment analysis indicates a bearish prediction for Rocket Pool’s price, while the Fear & Greed Index registers 72, suggesting greed in the market sentiment. The circulating supply of Rocket Pool is currently at 20.29 million RPL out of a maximum supply of 19.11 million RPL. The yearly supply inflation rate stands at 4.99%, resulting in the creation of 963,755 RPL in the last year. Rocket Pool is currently ranked #43 in the Ethereum (ERC20) Tokens sector in terms of market capitalization.

Rocket Pool price analysis: RPL shows stable dynamics at $22.06

TL;DR Breakdown

  • Rocket Pool price analysis shows bullish market sentiment
  • RPL resistance level is at $30.53
  • Current price of RPL/USD is $22.06

As of April 25, 2024, Rocket Pool’s price has followed a discernible linear trend, characterized by straightforward movements in the market. In the past 24 hours, there has been a notable surge in price, indicating bullish factors and potentially signaling a breakout. Initial data indicates that RPL began trading at a low of $21.80 but has since experienced bullish momentum, with the current active trading price hovering around $22.06, reflecting a significant decrease of over -0.76%. This upward trajectory underscores the influence of buyers in the market, bolstering the prevailing bullish sentiment. Current market conditions suggest a sustained and optimistic outlook, supported by the ongoing upward momentum of Rocket Pool’s cryptocurrency, RPL, which stands at $22.06.

Rocket Pool’s price has displayed a clear linear trend, characterized by straightforward movements in the market. Over the past 24 hours, there has been a notable surge in price, indicating bullish factors and potentially signaling a breakout. Starting from a low of $21.80, RPL has shown bullish momentum, with the current trading price around $22.06, reflecting a decrease of over -0.76%. This upward trajectory illustrates the influence of buyers in the market, reinforcing the prevailing bullish sentiment. The current market conditions suggest a sustained and optimistic outlook, supported by the ongoing upward momentum of Rocket Pool’s cryptocurrency, RPL, at $22.06.

Rocket Pool price analysis 1-hour chart: Recent Developments

The most recent analysis of Rocket Pool’s price movements in the past hour reveals a robust upward trend, signaling a prevailing bullish sentiment among investors. Bullish stakeholders are actively working to sustain the resistance level at $24.36, with the aim of triggering a breakout marked by heightened volatility. These conditions indicate a notable inclination towards bullish dominance, potentially leading to a sustained upward trajectory in the near future. Conversely, the support level is clearly defined at the lower boundary of Bollinger’s band, positioned at $21.29, establishing a critical threshold that traders and investors will closely monitor, emphasizing the significance of ongoing market dynamics.

The current stability observed in RPL is gradually improving, resembling the shape of a tunnel opening. This visual trend indicates that the cryptocurrency is entering a phase marked by reduced fluctuations in its price level. The diminishing volatility patterns suggest that RPL is moving towards increased stability, potentially hinting at a notable surge in price volatility in the coming days or weeks. This uptick in volatility for RPL may signal a shift in its market dynamics, attracting investors seeking riskier and less predictable investment opportunities. As RPL transitions towards greater volatility, it has the potential to instill confidence among market participants and cultivate a more resilient and sustainable market environment for the cryptocurrency.

RPL/USD 1-hour price chart, Source: TradingView

Presently, the Relative Strength Index (RSI) for RPL registers at 29, positioning it within the undervalued range. However, upon closer examination of the RSI’s trajectory, a slight downward trend emerges, indicating a prevailing seller activity over buyer activity. Despite the RSI remaining above the Moving Average, implying a bullish trend, there are indications of an imminent dip below the Moving Average curve, signaling a potential transition towards a fully bearish movement in the near future. This observation underscores a delicate equilibrium in the market, where neither buyers nor sellers are exerting significant dominance, suggesting a period of uncertainty and potential volatility ahead.

RPL/USD 1-day price chart: The Rocket Pool price gains positive momentum at $22.06

In our Rocket Pool price analysis, it’s observed that the upper limit of Bollinger’s Band stands at $30.53, representing the strongest resistance level for the RPL market. This upper boundary signifies a significant threshold that RPL must overcome to advance further in price. Conversely, the lower limit of Bollinger’s Band is situated at $17.02, serving as the strongest support level for the RPL market. This lower boundary acts as a crucial foundation, preventing RPL from declining beyond a certain point. Together, these boundaries delineate the trading range within which RPL operates, providing valuable insights into potential price movements and market dynamics.

The recent breach beneath the lower boundary of Bollinger’s band signals a potential market breakout, ushering in heightened levels of volatility. This breakout is expected to catalyze increased price fluctuations as bullish forces strive to regain control and restore equilibrium to the market. Currently, the market is undergoing a retracement phase towards the short-term resistance level, with participants closely monitoring the aftermath of the breakout and its influence on price dynamics. This period of heightened volatility underscores the critical importance of vigilantly monitoring market movements and adapting trading strategies accordingly to adeptly navigate potential opportunities and risks presented by the evolving market conditions.

RPL/USD 1-day price chart, Source: TradingView

With the Relative Strength Index (RSI) currently positioned at 41, the cryptocurrency resides within the lower neutral region rather than the undervalued zone. The prevailing trend of the RSI portrays a stable scenario, indicating a dominant phase characterized by buying activity outweighing selling activity. The consistent upward trajectory of the RSI in the market signals a bullish phase, presenting a promising opportunity for bullish investors to assert control and propel the value further upward. In this context, the market seems poised for potential shifts as bullish sentiment gains momentum, potentially leading to increased buying pressure and upward momentum in the cryptocurrency’s value.

What to expect from Rocket Pool’s price analysis?

In summary, Rocket Pool (RPL) has resilience and development potential even in the face of changing market conditions. Investors use a variety of technical indicators and market studies in conjunction with the company’s present $22.21 value to make well-informed judgments despite continuous price swings. Buoyed by the confidence of positive investors and the possibility of future volatility, Rocket Pool retains its position in the cryptocurrency market despite recent negative moves and the gloomy attitude projected by certain analysts. RPL is still a fascinating commodity for short-term traders and long-term investors looking for chances in the constantly changing cryptocurrency space, as long as market players keep a close eye on the coin’s performance and modify their methods accordingly.

Recent Rocket Pool News

Rocket Pool is a compelling alternative to Lido because it is permissionless, meaning that anybody may become a node operator or validator, and because it adheres to the decentralization tenets. Because of its open, decentralized structure and usage of smart contracts to guarantee a secure and untrustworthy functioning, observers have seen that Rocket Pool is becoming more and more trustworthy.

The foundation of the platform’s revenue strategy is a decentralized Ethereum staking protocol that enables users to stake ETH without tying up assets. rETH tokens are given to users as prizes. Notably, Rocket Pool’s operations—maintained by a flat 14% charge on all 8 ETH minipools—benefit node operators such as Gitcoin.As we go further into the world of decentralized finance, the Rocket Pool price forecast has a crucial role in shaping the trajectory of this dynamic ecosystem.

That’s the way, then. For further information, scroll down before making a purchase on this website.

Is Rocket Pool a good Investment?

Based on our provided price analysis, Rocket Pool (RPL) exhibits characteristics of both potential growth and volatility. The bullish sentiment indicated by the recent surge in price and ongoing upward momentum suggests optimism among investors. However, the market’s current stability and potential for increased volatility in the near future may present both opportunities and risks for investors. It’s important to consider the overall market conditions, risk tolerance, and investment goals before deciding if RPL is a suitable investment. Conducting thorough research and staying informed about market developments can help investors make more informed decisions.

Rocket Pool Price Predictions 2024-2033

Rocket Pool Price Predictions 2024-2033 By Cryptopolitan

YEARMINIMUMAVERAGEMAXIMUM
2024$34.02$35.38$40.88
2025$50.49$51.90$58.07
2026$74.30$76.89$89.26
2027$111.94$115.01$129.18
2028$154.99$160.74$190.16
2029$222.61$229.04$266.91
2030$336.79$345.95$384.53
2031$500.27$517.57$588.11
2032$748.28$774.16$865.54
2033$1,041$1,072$1,303

Rocket Pool Price Prediction 2024

At the beginning of 2024, Cryptopolitan’s Rocket Pool price prediction forecasts an average Rocket Pool (RPL) rate of $35.38. This prediction encompasses a range of potential values, with the anticipated minimum price resting at $34.02 and the maximum expected to reach $40.88. These projections provide insight into the expected trajectory of RPL’s price, offering investors a range of potential outcomes to consider in their investment strategies.

Rocket Pool Price Prediction 2025

As outlined in our Rocket Pool Price Prediction for 2025, expectations suggest that Rocket Pool’s price is poised to attain a minimum threshold of $50.49. Projections further indicate the potential for the RPL price to scale up to a maximum level of $58.07, with an envisaged average trading price settling around $51.90. These forecasts provide a glimpse into the potential price dynamics of Rocket Pool in 2025, serving as valuable insights for investors and stakeholders navigating the cryptocurrency market landscape.

RPL Price Prediction for 2026

According to the Rocket Pool Price Prediction and technical analysis, the anticipated trajectory for Rocket Pool’s price in 2026 suggests a projected minimum value of $74.30. Additionally, there is an outlook for the RPL price to potentially achieve a maximum value of $89.26, with an average valuation expected to hover around $76.89. These projections provide insight into the potential price range for RPL in 2026, offering investors a basis for evaluating potential investment opportunities.

Rocket Pool Price Prediction 2027

Based on Rocket Pool price predictions, the trajectory of RPL’s price in 2027 suggests a projected minimum value of $111.94. Additionally, there is an anticipation that the Rocket Pool price may potentially reach a maximum value of $129.18, with the average trading price estimated to be around $115.01 throughout the course of 2027. These forecasts provide valuable insights into the expected price range for RPL in 2027, allowing investors to gauge potential investment opportunities and risks in the cryptocurrency market. 

Rocket Pool Price Prediction 2028

According to Rocket Pool price predictions, the trajectory of RPL’s price in 2028 suggests a projected minimum value of $154.99. Furthermore, there is an anticipation that the Rocket Pool price may potentially reach a maximum value of $190.16, with the average trading price estimated to be around $160.74 throughout the course of 2028. These forecasts offer valuable insights into the potential price range for RPL in 2028, providing investors with information to assess potential investment opportunities and risks in the cryptocurrency market.

Rocket Pool Price Prediction 2029

Cryptopolitan unveils their Rocket Pool Price Predictions for the RPL price in 2025. The forecast suggests a potential minimum trading cost of $222.61, with the maximum expected to reach $266.91. On average, analysts anticipate the value of Rocket Pool (RPL) to hover around $229.04. These predictions offer valuable insights for investors, providing a glimpse into the potential price range and average value of Rocket Pool in the upcoming year. Such forecasts can assist investors in making informed decisions about their investment strategies and risk management approaches in the dynamic cryptocurrency market landscape.

Rocket Pool Price Prediction 2030

Based on our Rocket Pool Price Prediction 2030, examining historical price data of RPL, the forecast for 2030 indicates a potential minimum value of $336.79 for Rocket Pool. Moreover, there is a projection that the Rocket Pool price could attain a maximum value of $384.53, with the average trading value expected to be around $345.95. These insights aim to provide valuable information for investors, offering a glimpse into the potential price range and average value of Rocket Pool in the year 2030.

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Rocket Pool Price Forecast 2031

According to our Rocket Pool Price Prediction 2031, the forecast for the RPL’s price in 2031 suggests a potential minimum level of $500.27. Additionally, our findings indicate that the RPL price might reach a maximum level of $588.11, with the average forecasted price settling around $517.57. These projections offer valuable insights for investors, providing a glimpse into the potential price range and average forecasted value of Rocket Pool in the year 2031.

Rocket Pool Price Prediction 2032

According to the forecasted price and technical analysis, the trajectory for Rocket Pool price prediction in 2032 suggests a potential minimum level of $748.28. Additionally, there is an expectation that the RPL price may reach a maximum level of $865.54, with the average trading price predicted to be around $774.16. These projections provide valuable insights for investors, offering a glimpse into the potential price range and average trading value of Rocket Pool in the year 2032.

Rocket Pool Price Prediction 2033

Based on our Rocket Pool price prediction for 2033, it is projected that the minimum expected price of RPL will be approximately $1,041. Furthermore, the maximum anticipated RPL price could reach around $1,303. On average, the trading price is forecasted to be around $1,072 in 2033. These assumptions provide valuable insights for investors, offering an estimate of the potential price range and average trading value for Rocket Pool in the year 2033. 

Rocket Pool Price Prediction By CoinCodex

According to CoinCodex’s current Rocket Pool price prediction, the forecast suggests a potential rise of 39.01%, with the price projected to reach $39.50 by May 6, 2024. Despite this optimistic outlook, technical indicators indicate a bearish sentiment, while the Fear & Greed Index remains at 78 (Extreme Greed). Over the last 30 days, Rocket Pool has experienced 15 out of 30 (50%) green days, with a notable price volatility of 9.65%. Based on the Rocket Pool price prediction, it is deemed unfavorable to buy Rocket Pool at this time. Looking ahead, the yearly low Rocket Pool price prediction in 2025 is estimated at $28.41. However, there is an optimistic long-term projection, with Rocket Pool price prediction to potentially reach as high as $159.49 in 2026. Looking further into the future, the Rocket Pool price prediction in 2030 ranges between a maximum of $225.53 and a minimum of $90.73, based on the same analysis. Investors should carefully consider these forecasts alongside other market factors before making investment decisions.

Rocket Pool Price Prediction By DigitalCoinPrice

According to DigitalCoinPrice’s Rocket Pool price predictions, the forecast indicates varying trajectories over the coming years. In 2024, the minimum price is projected to be $25.27, with an average price of $59.01 and a maximum price of $62.02. Moving forward to 2027, the Rocket Pool price prediction suggests an increase, with the minimum price expected to reach $108.94, an average price of $123.47, and a maximum price of $130.02. By 2030, the Rocket Pool price prediction show further growth, with the minimum forecasted to be $190.94, an average of $206.06, and a maximum of $211.47. Looking ahead to 2033, Rocket Pool’s price predictions indicate a substantial increase, with the minimum expected to be $530.68, an average price of $544.34, and a maximum reaching $550.14. These Rocket Pool price predictions highlight the potential for significant growth in Rocket Pool’s value over the next decade, suggesting promising opportunities for investors in the cryptocurrency.

Rocket Pool Price Prediction By PricePrediction.net

According to PricePrediction.net’s Rocket Pool price prediction, the trajectory indicates substantial growth potential over the long term. In 2024, the projected prices range from a minimum of $34.02 to an average of $35.38, with a maximum reaching $40.88. By 2027, the forecast suggests further appreciation, with prices expected to range from a minimum of $111.94 to an average of $115.01, reaching a maximum of $129.18. Looking ahead to 2030, the Rocket Pool price predictions show significant gains, with prices projected to range from a minimum of $336.79 to an average of $345.95, with a maximum of $384.53. By 2033, Rocket Pool’s price predictions anticipate substantial growth, ranging from $1,041 to $1,303, indicating a potential for significant returns on investment. Looking even further into the future, the Rocket Pool price predictions for 2040 and 2050 shows remarkable growth potential, with prices ranging from $18,269 to $21,848 and $27,945 to $31,674, respectively. These Rocket Pool price predictions highlight the potential for Rocket Pool to become a valuable asset over the coming decades, suggesting lucrative investment opportunities for long-term investors.

Rocket Pool Overview

Popularity#147Market Cap$566,950,880
Price Change (24 hours)+2.76%Trading Volume (24 hours)$4,407,032
Price change (7 days)-6.17%Circulating Supply20,217,174 RPL
All-time low (May 17, 2019)$0.09118All-time high (Nov 16, 2021)$154.73
From ATL+30778.1%From ATH-81.8%

Rocket Pool (RPL) Price History

RocketPoolPriceHistory

Rocket Pool Price History

History of Rocket Pool price, market cap, volume. All values after Sat Sep 2018 This is the first day when we got RPL stock price data.

Rocket Pool launched in September 2017. The first exchange rate of RPL detected by our platform is $0.2806290, the lowest price was $0.1403845 in April 2019, and the maximum price that Rocket Pool reached was $60.01 in 2024.

In the first year on which we have information, the RPL price closed at $0.4881269 which is 173.94% up from the open, The best year for Rocket Pool price was 2021 average price was $15.30, and the price closed at $41.29 after reaching the max price $48.59.

More On Rocket Pool

What Is Rocket Pool (RPL)?

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards.

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. Furthermore, Rocket Pool offers smart nodes: a custom node software that allows anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

The Founders of Rocket Pool

Rocket Pool was launched by David Rugendyke, a senior developer with a computer science background who started designing Rocket Pool in late 2016. He is supported by General Manager Darren Langley, an executive with over 18 years of commercial experience in managing and mentoring development teams, designing application architecture, and delivering exciting digital products for government and financial services. The team is complemented by three blockchain and Solidity engineers with a combined 40 years of experience.

What Makes Rocket Pool Unique

Rocket Pool essentially offers anyone the opportunity to participate in ETH2 staking, regardless of their capital investment or level of technological sophistication. Its core premise is to enable the trustless staking of ETH on a network of decentralized autonomous nodes that are underpinned by RPL collateral.

Rocket Pool sees itself as a complement to stake-as-a-service providers. These providers can choose to maximize returns by joining Rocket Pool and running a node, for which they receive rewards in ETH and RPL in return. In this manner, even a big player like Gemini could use Rocket Pool by creating nodes that stake 16 ETH each. This is where Rocket Pool’s staked ETH wrapper, rETH, comes into play.

rETH is a tokenized version of the staked ETH in Rocket Pool, which allows stakers to engage from 0.01 ETH to up to 32 ETH. By staking their Ether, users receive rETH in return, which automatically accrues staking rewards based on the performance of the entire network of node operators. The value of rETH is protected against slashing through insurance mechanisms, with node operators staking RPL on nodes as collateral for any penalties they incur.

The second way of interacting with Rocket Pool is through Node Staking. Users can deposit 16 ETH and are assigned an additional 16 ETH from users who are depositing ETH and receiving rETH. In essence, you stake your own 16 ETH and 16 ETH on behalf of the protocol. Rocket Pool automatically adjusts its commission rate based on the supply and demand of node operators and available ETH. With this model, node operators are rewarded for providing insurance for stakes in case they are penalized or slashed. Furthermore, node operators must deposit a minimum amount of RPL as collateral.

How Many Rocket Pool (RPL) Coins Are There in Circulation?

RPL follows a different approach than most fixed-supply DeFi tokens and introduces 5% annual inflation. The protocol argues that any value-generating protocol will need to reward its participants. A fixed-supply model would result in this value being generated at the expense of its users.

The newly issued RPL tokens will be emitted as follows:

  • Node Operators staking RPL as insurance collateral (70%)
  • Oracle DAO members providing various Oracle data (15%)
  • Protocol DAO Treasury to fund decentralized development (15%)

This model is designed to incentivize the protocol’s key stakeholders and fund further decentralized development. The Oracle DAO members consist of node operators, ensuring that Oracle data is reported correctly to the protocol, while the Protocol DAO governs the protocol’s treasury. At the time of writing, the supply of RPL is just over 10 million.

How Is the Rocket Pool Network Secured?

RPL is an ERC-20 token on Ethereum. Rocket Pool has been successfully audited by three separate firms: Sigma Prime, Consensys Diligence, and Trail of Bits. It also runs a bug bounty program to incentivize keeping its protocol safe.

Furthermore, the governance of Rocket Pool is split across its Protocol DAO and Oracle DAO. The Protocol DAO is responsible for settings like RPL inflation, rewards, and auctions, the staking requirements and commissions for nodes, and deposits. The Oracle DAO bridges the smart contracts between the Beacon Chain and the ETH1 main chain. Members of the Oracle DAO are several big ETH2 staking clients like Lighthouse, Nimbus, Prysm, ConsenSys Codefi, Blockchain Capital, Bankless, and others.

Where Can You Buy Rocket Pool (RPL)?

RPL is available on UniSwap (V3), Hoo, BKEX, XT.COM, Hotbit, and Bvnex. If you want to learn more about how to start buying cryptocurrencies, you can read more here in our guide.

Rocket Pool Whitepaper

In its technical documentation or whitepaper, Rocket Pool is keen to point out its pioneering aspects. It says: “Rocket Pool is a first-of-its-kind ETH Proof of Stake Protocol, designed to be community-owned, decentralized, trustless, and compatible with staking in Ethereum. It was first conceived in late 2016 and has been live since October 2021.”

Rocket Pool is designed to cater to two main user groups; those who wish to participate in tokenized staking using rETH using as little as 0.01 ETH and those who wish to stake ETH and run a node in the network to help generate a higher ROI than staking outside of the protocol due to commissions earned.

How to buy Rocket Pool (RPL)?

Rocket Pool Token should be easy to find as an emerging crypto startup. Many cryptocurrency trading platforms have recently offered Rocket Pool Token for public trade. The top crypto exchanges to buy Rocket Pool Token are presently Binance, Coinbase, Kraken, KuCoin, OKX, Bitget, Huobi, MEXC, CoinEx, LBank, Hotbit, and Poloniex. You may easily add Rocket Pool Token to your crypto portfolio by signing up on such platforms.

Conclusion

Aside from Rocket Pool’s (RPL) price prediction, we recommend that our readers perform as much research as possible before making any investment. The Rocket Pool Token appears to be a good asset due to its restricted supply and community support, yet cryptocurrency is an incredibly volatile asset. Cryptocurrency values fluctuate like a roller coaster and might climb or fall.

Rocket Pool (RPL) stands as a significant player in the realm of cryptocurrency, with its decentralized Ethereum staking protocol garnering attention and interest. Keeping a pulse on RPL’s price predictions, real-time charts, and market insights, as offered by platforms like Changelly, provides a valuable advantage for anyone looking to navigate the dynamic world of digital assets. Whether you’re a seasoned investor or a newcomer, staying informed about RPL’s trajectory can be a key factor in making informed decisions in the ever-evolving crypto market. As RPL continues to capture attention and innovate within the decentralized finance sector, it remains an exciting and promising asset to watch for potential growth and opportunities.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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