During mid-August 2023, Rocket Pool price was found at $23.57 with 2113.24% growth since its launch in July 2018. Read on to find out technical analysis with Rocket Pool price prediction for 2023, 2025, 2030, 2040, and 2050.
|Ticker Name||Rocket Pool (RPL)|
|Ticker Value (24-h)||$23.57 (0.59%)|
|Price Variation (7-d, 1M)||3.73% (7d), 20.30% (1M)|
|Volume (24-h)||$3,260,575 (42.17%)|
|Market Capitalization||$462,742,708 (0.66%)|
|Cryptocurrency Exchange Rank||#71|
|Rocket Pool Contract Address||0xd33526068d116ce69f19a9ee46f0bd304f21a51f (new)|
|Fear/Greed Index||38 Fear|
|Market Sentiment||82% Bearish|
|All-time High||$59.280 (09/11/2021)|
|All-time Low||$0.1402 (26/02/2019)|
Conduct further price analysis according to the latest data from Rocket Pool Coinbase.
How Rocket Pool Works?
Creating your own node gives you the opportunity to earn Rocket Pool tokens from staking your Ethereum. On average stakes earn between 4.33% and 6.36% annually. Since your ETH tokens are being held as collateral, the profits aren’t taxed as an investment.
The Rocket Pool platform uses smart nodes that enable users to run a small network, where losses and gains are distributed throughout, reducing the risk required. In much simpler words, it is a complimentary reward for using the platform for staking your cryptocurrency.
Other providers can also implement the Rocket Pool network in their list of staking services. This distributed manner helps in making the ecosystem decentralized and low-cost.
You need any amount between 0.01 ETH and 32 ETH to support an existing node.
If you start a node you need 16 ETH and Rocket Pool calculates the supply and demand ratio of other node operators and further adjustments are done automatically. Use the Rocket Pool calculator to get an average estimate on your investment.
Is Rocket Pool a Good Investment?
Analysis of Rocket Pool in the present day does not seem to be a good investment due to the heavy bearish market trend.
Even though prices are lower than before, it is quite far from its initial, and with poor market sentiment, numbers can drop further. Due to this, it is not advised to invest in Rocket Pool (RPL).
Rocket Pool Price History
Started by David Rugendyke in late 2016, Rocket Pool was first launched in late July 2018 for an initial coin offering (ICO) of $1.0114. During August 2023, it is priced at $23.57 and all historical prices in between are mentioned in the chart below.
|Date||Min Price||Max Price|
Note: All values mentioned in the table above are converted from (RPL) Rocket Pool to USD.
Rocket Pool Price Prediction 2023 to 2050
|Year||Min Price||Avg Price||Max Price|
Rocket Pool Price Prediction 2023
Rocket Pool price prediction for 2023 suggests a maximum value of $41.603 with the lowest numbers found around $20.025. The Rocket Pool contract address recently got an update which seems to have improved.
This growth is expected to reflect on Rocket Pool value and bring an average price of $28.224.
Rocket Pool Price Prediction 2024
Forecasting for Rocket Pool in 2024 indicates a high and low of $56.740 and $27.326 respectively. There are various Rocket Pool node operators in the ecosystem who are largely helping budget users.
By next year, it is predicted that Rocket Pool staking will increase in numbers and introduce more customers. Predictions show that the average price of Rocket Pool in 2024 will be close to $41.038.
Rocket Pool Price Prediction 2025
Rocket Pool crypto is predicted to reach a maximum price of $88.468 by 2025, a new all-time high for the token. Technical analysis of tokens for short-term goals is somewhat conflicting.
Only MACD is indicating ‘buy’ with a Relative Strength Index (RSI) in the ‘neutral’ area. Moving Average technicals are showing ‘sell’ suggestions. On average, Rocket Pool value is expected to reach $67.156 in 2025.
Rocket Pool Price Prediction 2030
Rocket Pool price prediction for 2030 is forecasted between $172.164 (high) and $87.215 (low). The tokenomics of the Rocket Pool coin is presently favorable for the organization. However, by 2030 market dimensions will shift and simultaneously their approach too.
Even so, technical analysis shows good prospects for long-term investment as Momentum and MACD show ‘buy’ suggestions. However, having a poor Moving Average sign, the average price is expected around $129.021. Check out Rocket Pool News for the latest updates to the ecosystem.
Rocket Pool Price Prediction 2040
Predictions for Rocket Pool crypto in 2040 suggest that a bullish market can bring a maximum price of $362.575. Rocket pool with ledger is an essential part of having your own Rocket Pool node in the present day.
By 2040, innovations can bring in a much secure procedure which will attract new users taking average numbers close to $293.178. However, technical analysis of RPL shows a bearish market which can plummet prices to a minimum of $224.496.
Rocket Pool Price Prediction 2050
Forecasting for Rocket Pool in 2050 suggests prices between $564.617 (high) and $413.151 (low). The long-term analysis gives little hints but Rocket Pool Operator count is predicted to grow largely when compared to the present day.
It is a necessity for the token to survive on the cryptocurrency exchange till 2050. Moreover, adjustments are required in Rocket Pool fees as well and if all goes right, average numbers are expected around $462.648.
Should I Buy Rocket Pool?
Our analysis of Rocket Pool suggests that short-term investors can buy RPL since prices are quite low. However, being in a bearish market values of Rocket Pool can drop even more and you can wait a while to get further hints.
It is a speculation from our study and not to be taken as financial advice.
Realistic Rocket Pool Price Prediction
Rocket Pool price prediction in a realistic manner indicates that having a bearish market is affecting prices negatively. This nature is not altering in a flash but will be a result of significant upgrades on the organization’s behalf.
Moreover, as the market shifts it will give a different sign and you should analyze the candlestick chart of RPL for best results.
Frequently Asked Questions
What is a Rocket Pool token?
Rocket Pool token is an Ethereum staking platform where you can join a particular node with 0.01 ETH or start your own node for 16 ETH. Stakers can gain up to 6% returns on the Ethereum that they were already holding for the long term.
Is Rocket Pool Safe?
Yes, Rocket Pool is a safe cryptocurrency and improvements to it are being made regularly. Check out Rocket Pool Whitepaper for further details.
Where to Buy Rocket Pool Coin?
You can buy Rocket Pool coins from any cryptocurrency exchange platform like Binance. All you need to do is make deposits on your cryptocurrency wallet using a credit card or debit card and start trading.
Rocket Pool Vs Lido, which is better?
Rocket Pool is a better choice for new investors as anyone can become a validator while Lido accepts pre-approved validators only. This itself makes the acceptance of Rocket Pool higher and a better investment as well.
Note: All Rocket Pool price predictions made above are not financial advice, and are meant for educational purposes only.