Rocket Pool unlocks the power of Ethereum staking for everyone. You can easily forget the technical hassle and minimum of running your own validator nodes. It eliminates the need for users to run their own Ethereum validator nodes. Does the crypto project seem fascinating? Read on to discover all about the project before investing. We have included its functionality, performance, tokenomics, price prediction, buying options, buying process, and credibility.
Let’s dive in:
What is Rocket Pool (RPL)?
Rocket Pool has a native staking system that allows users to participate with any amount of ETH. This makes it perfect for beginners or traders with smaller holdings. Running your validator nodes can be technically complex.
Rocket Pool handles the node infrastructure, allowing you to simply deposit your ETH and start earning rewards. Instead of receiving locked staked ETH, Rocket Pool users get rETH. This is a tradable token representing their stake, and it offers greater flexibility.
rETH reflects the value of your staked ETH and it also accumulates rewards over time. rETH can be used in DeFi protocols to generate extra yield. This unique combination makes Rocket Pool a game-changer for Ethereum staking.
| Ticker Name | RPL |
| Market Cap | $387,745,080 |
| 24-hour Trading Volume | $20,685,247 |
| Total Supply | 20,522,127 |
| Circulating Supply | 20,522,127 |
| Chains | Ethereum Ecosystem, Polygon Ecosystem, Arbitrum Ecosystem |
Token Distribution of Rocket Pool (RPL)
The native token of Rocket Pool is RPL. It is an ERC-20 token on Ethereum. Rocket Pool takes a unique approach to tokenomics within the DeFi space. The annual inflation rate of RPL is 5%. By introducing inflation, ROL can distribute newly minted tokens to key players in the ecosystem. This creates an incentive structure. Check out the token distribution of Rocket Pool:
- 70% is distributed to Node Operators
- 15% is distributed to Oracle DAO members
- 15% is distributed to Protocol DAO Treasury
Future Price Prediction of Rocket Pool (RPL)
You can check for the future price prediction of the Rocket Pool before composing your investment strategy. While writing, Rocket Pool has a 24-hour trading volume of $20,725,891 for the last 24 hours. We have made a seven-year price prediction of RPL based on a comprehensive analysis of its performance, market trajectory, and other technical indicators.
Check out the future price forecast of RPL until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $19.48 | $24.35 | $29.22 |
| 2025 | $41.15 | $51.44 | $61.73 |
| 2026 | $53.50 | $66.88 | $80.25 |
| 2027 | $69.55 | $86.94 | $104.33 |
| 2028 | $90.42 | $113.02 | $135.62 |
| 2029 | $117.54 | $146.93 | $176.31 |
| 2030 | $152.80 | $191.00 | $229.20 |
Where can you buy Rocket Pool (RPL)?
Are you looking for the right way to place your Rocket Pool investment? The first step is to choose the right exchange. RPL tokens are live on centralized crypto exchanges. The most popular exchange is Gate.io and it has a trading volume of $1,460,379 for the last 24 hours.
It has an active trading pair RPL/USDT. If you are interested in other options, check out Deepcoin, Binance, Bybit, OKX, BloFin, and DigiFinex. Choose the right exchange considering the trading fees, customer review, and the credibility of the exchange.
How can you buy Rocket Pool (RPL)?
Once you have decided on the crypto exchange and made your investment budget, you can proceed to invest in RPL. Check out the step-by-step buying process of Rocket Pool:
Step 1: The initial step involved creating your account in the exchange. You can use the website or application. You can provide the required information and then select a robust password.
Step 2: You should fund the account for the next important step. Choose the payment option that is convenient for you. There are Credit Cards, Debit Cards, P2P Trading, Bank Transfers, and Third-Party Payment options available in most exchanges.
Step 3: This is the most exciting part of the process. Now you can buy the RPL tokens using your exchange account and the money transferred to it. Find RPL from the “buy and sell” option of the exchange and choose RPL from the “buy” section.
Step 4: After the purchase has been done, the next step is to choose the best place to store the crypto. You can either hold RPL in the exchange or transfer it to the personal crypto wallet. The choice is yours.
The steps might appear to be simple but you have to be cautious throughout the process. There are scamming websites on the internet so make sure you rely on the credible website throughout the process. Starting with a small initial investment is wise if you are a beginner in the crypto world. Good luck trading RPL!
Is Rocket Pool (RPL) a credible investment option?
Instead of just earning interest, rETH represents a share of the staking pool. As the pool earns rewards, the value of the rETH also increases. The smart node software of the project simplifies the running of a validator node.
Based on our analysis of the project, Rocket pool seems to be a credible investment option suitable for both beginners and crypto enthusiasts. Before investing in any crypto project, it is strongly advised to do your research. The crypto landscape is constantly evolving, and this could impact your investment.
Read more: Holdium (HM) Price Prediction 2024-2030, Where To Buy, Is It A Good Cryptocurrency Investment?
