Previously, Ethereum (ETH) employed the Proof of Work (PoW) system, which you may be familiar with from Bitcoin. These consensus protocols help keep everyone on the same page with a decentralized blockchain, so we all know what transactions have been executed and in what sequence.
However, the ETH moved to Proof of Stake (PoS) in 2020, which is a quicker, decentralized, and energy-efficient consensus protocol than PoW.
In this context, for individuals and businesses, Rocket Pool (RPL) lowers the significant hurdles to entry that will exist with Proof of Stake on the Ethereum 2.0 network.
Hold tight; there is much more to know about RPL crypto!
Rocket Pool allows anyone to contribute to the new Ethereum network without having to set up and maintain a node. This not only aids in the onboarding of unique users to Ethereum 2.0, but it also allows less tech-savvy users to participate in staking.
Staking is not for everyone, mainly because Ethereum's cutting mechanism makes it possible to lose money if the users on the network act maliciously, even if it's not on purpose.
As a result, staking pools appear to be the only viable option, with Rocket Pool appearing to be the best platform.
Here’s what you need to know about RPL price prediction 2021 and beyond.
David Rugendyke founded Rocket Pool in late 2016. Rocket Pool is a decentralized network of nodes that provide Ethereum 2.0 blockchain validation services. Its goal is to allow users who do not have a sufficient number of ETH tokens (i.e., 32 ETH) to stake and those who lack the technical skills in operating a node to participate.
Only 16 ETH are required to stake in the RPL platform. Furthermore, the platform manages all validators without requiring any user participation, and Rocket Pool automates the entire process.
ETH investors become node operators on the Rocket Pool platform. The node performs all of the activities and responsibilities that a conventional Ethereum node would. In exchange, it receives a variable annual percentage yield (APY), which is applied as a commission to the ETH deposited by the user.
Watchtower nodes are also hosted by RPL, which are responsible for reporting the state of the Beacon Chain to the Ethereum PoW network. In order for the reported data to take effect, a majority of these nodes must reach an agreement.
RPL has a fixed quantity of 18 million tokens, 16 million of which are currently in circulation. The price of RPLtoken increased to $2.81 (from $0.4) in 2020. The value of the RPL coin skyrocketed in 2021, reaching an all-time high (ATH) of $17.45.
Let’s see how RPL crypto will perform in the upcoming years.
The price of the RPL coin surged by $2.41 in 2020, making RPL token worth $2.81. With a circulating supply of 10,279,742 RPL coins, it is now trading on 14 active market(s).
The Rocket Pool price prediction for the next five years is explained in the sections below.
By the beginning of December 2021, the Rocket Pool price is expected to decline to $16.1, a rise from $15.8 in September 2021.
For February 2022, the projected maximum price of RPL coin is $20.6, with a minimum price of $14.07. In December 2022, the RPL token will be worth $15.24.
The price of the RPL coin will rise to $18 at the beginning of 2023 before rising further to $19.33 by the end of 2023.
The value of the RPL coin will rise by 7.29% in March 2024, making RPL worth $19.6, and then slowly; it will reach $20 in July 2024.
Though the price movement in the RPL coin is relatively slow, by the end of December 2024, its value will increase by 11.74%, making RPL priced at $20.46.
After five years, the RPL coin will be priced at $22 during January. Moreover, during mid-2025 (around July 2025), its value will further rise to $23.46. By December 2025, the projected value of the RPL token is $25.
We'll look at the FXS token's price projection in the following section. This study is based on forecasts of popular media portals.
Wallet Investor estimated that the price of FRAX will be $5.21 by the end of August 2021 and then will drop to $0.46 in a few years, representing a -91.1% change in FRAX's price.
The chances are low that this currency will be worth $50 in the next few years.
In one year, the price of one RPL might rise to $32, nearly doubling from the current price of approximately $18. By April 2022, the price of RPL will decline to $29.11 before further decreasing to $27.68 in July 2022.
However, the RPL token will be worth $33.6 in November 2022 before declining again to $28.3 in December 2022. Then after a year, the RPL coin will be priced at $33.47 in December 2023.
Moreover, at the end of December 2024, the RPL token holders will earn $51.5 per RPL and $56.23 in July 2025. Nonetheless, $48.11 will be the price of RPL during December 2025.
As per Trading Beasts, the minimum price of RPL for 2021 is $13.43, while the maximum projected price for 2021 is $19.75.
For the month of December 2025, the price of RPL will reach $49.18, almost 3x than what RPL is worth today.
By the end of 2025, Coin Dataflow predicts that RPL token holders will be able to earn a maximum of $79.8 per RPL.
RPL will be a sell-time in November 2021, with a price of $19.2 before rising to $33.13 on October 21, 2023. Furthermore, in May 2024, the price of RPL crypto will grow to $67.18. The RPL coin will reach a price of $103 after one year.
Coin Arbitrage estimates that the RPL price will reach $25.32 by the end of 2021, based on historical pricing data.
According to coin codex, the price of RPL will decline to $16.59 by the end of 2021. The RPL coin, on the other hand, may approach $50 in the next five years
Ethereum is experiencing a resurgence as DeFi started to shift to the blockchain industry's best ecosystem for smart contracts.
RPL (a native token for Rocket Pool holders) can be staked on a Rocket Pool node to provide additional security guarantees to the network. Running a smart node on the Rocket Pool network is optional.
Fortunately, platforms such as Rocket Pool make it simple to support the Ethereum 2.0 network simply by depositing assets and putting them in the hands of a node operator.
So, what's the best thing about the Rocket Pool platform? You don't even need 32 ETH to join the ppl; 16 ETH is plenty!
According to our RPL price prediction, the RPL coin will hit $25 by the end of December 2021. However, by the end of 2025, RPL crypto is expected to be worth at least $47.89, with a maximum possible price of $55. Despite this optimism, we want you to invest wisely by thoroughly studying the coin's specifics and technicals.
Rocket Pool is a Proof of Stake-based infrastructure solution built on Ethereum that is extremely decentralized and compatible with Ethereum 2.0 staking.
Staking refers to a protocol's capacity to offer its consumers the option of earning staking rewards on their ETH holdings without having to worry about running a large staking infrastructure.
But, at least without 3rd-party solutions, staking Ether is not as straightforward as depositing cryptocurrency and just sitting back to watch your winnings grow.
It is not enough! The protocol is expected to perform positively over the next few years. The Rocket Pool price prediction (RPL) predicts that the price of the RPL token will be between $21 and $25 in 2021. The FRAX coin might be worth $51.84 at the end of December 2025.
All readers of Cryptoknomics are encouraged to invest wisely and to utilize the information provided in this article solely for educational reasons.
Because the author and Cryptoknowmics are not financial advisors, they cannot be held liable for any losses incurred as a result of using this material for trading or investing reasons.