RLCUSDT trade ideas
iExec RLC price will be able to repeat the growth as in 2020 ?What is iExec RLC?
iExec is a provider of decentralized computing based on the blockchain. Blockchain is used to organize a marketplace network where people can monetize their computing power, as well as applications and even datasets.
This is done by providing on-demand access to cloud computing resources. IExec can support applications in industries such as: "big data", healthcare, artificial intelligence (AI), rendering, and fintech.
Application vendors can monetize their algorithms, and data providers who own valuable datasets can make them available for use through iExec
So why should you pay attention to RLC if the price stays above $1.30 in the coming days/weeks?
the project was founded in 2016, and the RLCUSD, RLCUSDT trading pair has been on crypto exchanges since 2017 (it has survived more than one crypto winter, and is still developing)
RLC token reached its maximum price at the peak of the DeFi boom, as it is directly related to the DeFi sector.
RLC token can be used in the field of "artificial intelligence (AI)," and the hype around it is only gaining momentum.
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RLC CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RLC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SasanSeifi💁♂️ #RLCUSDT /4H HI TRADERS ✌ The possible scenario of RLCUSDT is specified. As you can see, the price is currently trading in the range of $2 . According to the behavior of the candles, we can expect the price to grow to the range of $2.077 / $2.13 / $2.21.We have to see how the price will react to the 2.077 range. In case of stabilization above the range of 2.077, the target of 2.21 can be considered.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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RLCUSDT needs to create a new breakout!RLCUSDT is currently testing the daily resistance level after breaking out of a descending channel.
This indicates that the price is experiencing a bullish trend, and traders may be interested in buying the asset in the hopes of profiting from further price increases.
In order for traders to consider taking a long position in RLCUSDT, the price must first create a breakout from the 2.1$ area, and then retest it as new support. This means that if the price manages to break above the 2.1$ level, it should subsequently drop back down to retest this level and confirm that it is now acting as support, rather than resistance.
If the price does confirm the breakout According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
RLCUSDTWhat Is iExec RLC (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.
As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more.
daily analysis_ LRC and Ai projects may increase in priceDue to the boom in artificial intelligence and significant developments in the combination of AI and blockchain, some coins and tokens related to artificial intelligence are in favorable conditions, as well as the upward trend of Bitcoin and the crypto market.
There is a possibility of several hundred percent increase for AI and web3 tokens.
One of these projects is iExec token (RLC), which after a few months of price consolidation is now crossing the channel, and if it stabilizes above the channel, it has the possibility of 350% growth in the next few months.
TOP ASSETS of the AI NARRATIVE | PART 2In the comments of “Top AI assets part 1” you mentioned some more promising projects, the main product of which is AI. We decided to tell you more about them and check their metrics
iExec RLC
iExec is considered as a project with the AI narrative, but it is partly wrong. The main specialization of iExec is providing computing power and organizing the market around this sector.
iExec forms large volumes of data and if we check their products, we will see that these volumes of data are being used actively but we have to understand that this is a side line of their business. In general, iExec as a project is more like Flux than any project in the AI narrative.
Metrics of the $RLC token:
Price: $1.75
ATH price: $11.6
Market.cap: $141m
ATH market.cap: $800m
FDMC: $152m
Over the past 2 months, the $RLC token has grown more than 2 times.
We do like iExec as a project with its own goals and values and that’s why we listed it on our platform for trading
Vectorspace AI
The team focuses on creating AI and ML solutions in space biosciences, general life science and capital markets. So far the team has launched two products:
A financial product for protecting investment portfolios and finding stock and cryptocurrency market correlations for long or short trades.
A product for biosciences in a Protein Relationship Networks area.
Metrics of $VXV token:
Price: $0.57
ATH price: $18.1
Market.cap: $27m
ATH market.cap: $347m
FDMC: $28m
Over the past 2 months, the $VXV token has grown more than 2 times.
Matrix AI Network
Project that focuses on an AI integration directly into the crypto. Matrix has 4 main products:
Mania - a platform for trading AI algorithms in an NFT type
Airtist - a generative art creation platform for NFT
Manta - an automatic machine learning platform
Matrix - an AI service platform
Metrics of $MAN token:
Price: $0.02254
ATH price: $1.7
Market.cap: $4.8m
ATH market.cap: $6m
FDMC: $22.5m
Over the past 2 months, the $MAN token has grown more than 4 times.
Numeraire
Platform for Data Science and Machine Learning specialists. Project supports DS and ML specialists, conducts predictive ML contests and builds its own progressive community.
Metrics of $NMR token:
Price: $16.7
ATH price: $84
Market.cap: $98m
ATH market.cap: $487m
FDMC: $183m
Over the past 2 months $NMR has grown by 64%
Streamr
A project for data transferring within web3. Streamr is primarily an infrastructure project, preparing the basis for the data economy.
Metrics of $DATA token:
Price: $0.03308
ATH price: $0.3102
Market.cap: $25m
ATH market.cap: $223m
FDMC: $28m
Over the past 2 months $DATA has grown by 50%
Conclusion
As we’ve told you earlier, the benefits that AI offers, along with its increasing adoption and application, guarantee the expansion of AI projects and a profitable market.
Let us know in the comments about more AI projects we should look at. Share your investing or trading experience with such projects.Thanks for reading!