iExec; Decentralization for Cloud Resources:(RLCUSDT analysis)The First Decentralized Marketplace for Cloud Resources
❇️(coinmarketcap data:
Rank #266 , Kind: Token , On 24,149 watchlists
Market Cap: $216,409,460 , Fully Diluted Market Cap :$236,787,130
Volume24h: $10,991,601 ,( Volume / Market Cap) : 0.05092 (ratio)
Circulating Supply : 80,070,793 RLC , Total Supply: 86,999,785
What Is 🌟iExec (RLC)🌟?
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
❇️The iExec Token: RLC
RLC is the native token of the iExec cloud platform. In exchange for RLC tokens, users can utilize the network to rent servers, data and applications.
✅An innovative market network where everyone can monetize their applications, servers and data-sets.
A decentralized network giving applications access to trusted off-chain computation and data.
👉1-For Developers
As a Developer, you can use iExec to overcome blockchain limitations, by executing your computations on a new distributed infrastructure.
👉2-For Providers
As a Provider, you can rent out your machine’s computing power, monetizing it by executing tasks for applications.
👉3-For Token Holders
As a token holder, you can get into the world of crypto-economy by trading your RLC tokens whenever you want.
✅Products:
Scaling blockchain applications with open-source software and protocols.
👉1.iExec Marketplace
👉2.iExec SDK
👉3.Dapp Store
👉4.Data Wallet
❇️Who Are the Founders of iExec RLC?
When it comes to the Founders of iExec RLC, Gilles Fedak is the CEO and co-founder. Before he began work on iExec, he worked in INRIA as a research scientist at a postdoc in UC San Diego and at ATER at University Paris-Sud. He has a Ph.D. in philosophy and computer science.
refrences: coinmarketcap - iex.ec
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for RLC/USDT, the price is trading at around $2.7 .
We are facing an bullish trend for this, and RLC has good dynamic and static support, which can have an uptrend channel that is moving forward, as it is likely to correct in the short term to EMA 20, a little entry point We considered it below, but because the risk/Reward is nice, so you can enter one step at this point.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
