Decentralized Cloud Computing and iExec RLC Price Prediction 2024-2030
Over the last decade, cloud computing has gained significant notoriety. This technological development allows people to store data on remote servers instead of on their hard drives. As a result, users’ computers do not get clogged up with files, slowing down their systems. More advanced cloud computing services allow users to access other resources like computing power and other capabilities.
Until recently, most cloud computing service providers were centralized. Big companies like Amazon have been dominating the cloud storage data market. These companies charge a monthly fee for their services. Although not a considerable sum, small companies might feel the economic impact of those fees.
Another major concern with centralized cloud computing services is the use of the data stored in providers’ servers. Most companies ensure users’ data are not handled unethically, yet, they can still use data analytics to extract valuable information that can help to improve their services and products. In other cases, data stored can be used to craft targeted marketing campaigns. Users are not paid for the benefit their data provide in these situations.
A critical drawback of centralized cloud platforms is their functional architecture. They utilize a server model with a single point of failure, making the data vulnerable to breaches. Decentralized cloud computing has emerged as an alternative to prevent all the above situations.
Blockchain-Based Decentralized Cloud Computing
In decentralized cloud computing, data are encrypted and stored across multiple nodes (in different locations). Nodes are run by individuals or organizations that share their spare hard disk space for a fee. Since only the data’s owner holds the private encryption key, nodes cannot access the stored data.
Blockchain technology seems to be the ideal solution for decentralized cloud computing, allowing for a peer-to-peer (P2P) marketplace in which users can offer their spare computing and storage resources to others. Because of the global distribution of nodes, data storage has in-built redundancy, making data much more robust to breaches.
Currently, most blockchain-based decentralized cloud computing services are related to data storage. However, some projects offer more than just distributed storage space. That is the case with iExec, a leading blockchain-based platform providing various decentralized cloud computing services. Let us look closer at this project and its RLC token in the following iExec RLC price prediction.
iExec RLC Price Prediction
What Is RLC?
The iExec platform allows users to access various blockchain-based decentralized cloud computing services. This platform is a marketplace where users can monetize their computing resources, including processing power, applications, and datasets. iExec provides on-demand access to the cloud computing resources available in the marketplace.
For proper and secure operation, the iExec platform relies on the open-source program named XtremWeb-HEP. The iExec system distributes computing tasks to nodes in the network instead of using a centralized server. The native cryptocurrency of the iExec platform is the iExec RLC token (RLC). This ERC-20 token is primarily used to pay transaction fees on the iExec platform.
iExec RLC Overview
As of March 23, 2023, the RLC token traded at approximately $2.1. According to CoinMarketCap, RLC was the 174th most valuable cryptocurrency by market capitalization on the date above. Other relevant data are summarized in the table below.
Coin Name | iExec RLC |
Coin Symbol | RLC |
USD Price | $2.05 |
Market Cap | $166,140,960 |
24h Trading Volume | $41,867,587 |
Maximum Supply | 86,999,785 RLC |
iExec RLC Past Price Analysis
RLC began trading in the open market on April 20, 2017, at $0.28. In the remainder of 2017, the RLC price showed no significant move. However, on January 14, 2018, the RLC price nearly hit $3.6 during the crypto run of 2017-2018. After this event, the price progressively dropped throughout 2018, reaching its all-time low on December 15 at $0.1488.
Over the following two years, the RLC price remained below $1. But in the first half of 2021, this cryptocurrency skyrocketed, reaching its all-time high of $16.26 on May 10. After this remarkable uptrend, the price dropped and fluctuated between $2 and $6 for the remainder of the year. The RLC token began trading in 2022 at around $1.9. This token continued to lose value, ending the year at a little over $1.2.
During the first quarter of 2023, the RLC price has shown some signs of recovery. As of March 23, 2023, the RLC price was around $2.1.
iExec RLC Price Prediction
iExec RLC Price Prediction 2025
In 2025, RLC will be back on track, increasing its price faster. CryptoNewsZ predicts an average price of $4 and a maximum of $5. For its part, PricePrediction expects an average price of $4.75, with a potential maximum of $5.4. DigitalCoinPrice is more optimistic, forecasting an average RLC price of $7.7 and a maximum of $7.9 in 2025. Hence, the maximum gain you can reap in 2025 is +276% if you invest at the current $2.1.
iExec RLC Price Prediction 2030
Usually, different crypto price predictions for the distant future diverge. That is the case with RLC and several price predictions for 2030. CryptoNewsZ predicts an average price of $12.5, with a maximum of $13.5. DigitalCoinPrice indicates an average RLC price of $22, with a maximum of $22.6. For its part, PricePrediction is significantly more optimistic, with an average price of $33.3 and a maximum of $39.5. You can receive a maximum return of +3,950% in 2030 by investing in RLC at the current trading price of $2.1.
FAQs
Is iExec RLC crypto a good investment?
The iExec RLC platform will link blockchain and cloud computing, both technological fields with enormous potential for future development. The RLC token could be an excellent long-term investment. However, investing in cryptocurrencies is risky. Hence, research thoroughly this digital asset before investing in it.
Will iExec RLC go up?
Most price predictions indicate the RLC price will increase in the next few years. If you want to invest in this cryptocurrency, you can buy it on LetsExchange.io at competitive rates.
What is the use of the RLC coin?
It is primarily used to pay transaction fees on the iExec platform.
What will RLC be worth in 2030?
According to PricePrediction, RLC could be worth a maximum of $39.5 in 2030.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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