Key Takeaways
Rocket Pool may have avoided being called an unregistered security by the United States Securities and Exchange Commission (SEC). However, gaining that much traction in mid-2023 was still hard.
However, the platform’s ongoing integration with the SSV system may well bring it to people’s attention.
On Dec. 19, 2024, Rocket Pool was worth about $13.30. This meant it was down more than half year-on-year, a time period when the overall crypto market more than doubled.
Let’s examine our price predictions for Rocket Pool made on Dec. 19, 2024. We will also investigate RPL’s history and discuss what it is and does.
Here are the RPL price predictions from CCN on Dec. 19, 2024. Price forecasts should be taken cautiously, especially for something as volatile as crypto. Our Rocket Pool crypto price predictions will use the wave count method to predict its future movement.
We will add and remove 20% from the target price to provide a range of possible outcomes, resulting in minimum and maximum RPL price predictions.
Minimum RPL Price Predictions | Average RPL Price Predictions | Maximum RPL Price Predictions | |
---|---|---|---|
2024 | $39 | $49 | $59 |
2025 | $14.60 | $18.50 | $22.40 |
2030 | $181.60 | $227 | $272.80 |
The most likely wave count suggests that RPL completed a five-wave increase starting in June 2022 and then an A-B-C corrective structure in August 2024 (black). Because of the deep retracement, these are likely waves A and B of a longer-term A-B-C correction structure (white).
If so, the RPL price is in wave C. Giving it the same length and duration as wave A leads to a high of $61.76 in September 2025. Then, we can predict a similar correction as the one that occurred after April 2023.
During these projected upward and downward movements, the wave count method gives RPL price predictions of $49 and $18.50 for the end of 2025 and 2026, respectively.
Finally, we use the daily rate of increase for the past five years to develop an RPL price prediction for the end of 2030. Since December 2019, RPL has increased by 1,100%, for a daily rate of increase of 0.61%.
Projecting this increase until the end of 2030 leads to a high of $227.
Our wave count method gives an RPL price prediction target range between $39 and $59 by the end 2025.
Our wave count method gives an RPL price prediction target range between $14.60 and $22.40 by the end of 2026.
Using the daily rate of increase for the past five years, the RPL price prediction range for the end of 2030 is $181.6- $272.80.
The daily time frame RPL chart shows that the price has broken out from a descending resistance trend line that existed since March. After doing so, the RPL price made an unsuccessful attempt at moving above the $18 horizontal resistance area (black icon).
Nevertheless, RPL found support at $12.50 and is attempting to create a higher low.
If it does, the price can gradually increase toward the $18 resistance area again.
The RPL price prediction for the next 24 hours is bullish. The RPL price will likely increase toward the $18 horizontal resistance area.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 19, 2024, RPL’s ATR was 1.69, implying average-to-high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above 70 and 30 show overbought and oversold conditions, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 19, 2024, the RPL weekly RSI was at 46, showing a somewhat bearish trend.
The Market Cap to Total Value Locked (TVL) ratio measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value.
A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Dec. 19, 2024, the Rocket Pool TVL ratio was 0.1, indicating significant undervaluation.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 18 2024, Rocket Pool scored 32.1 on the CCN Index, suggesting weak momentum.
We looked at the Rocket Pool price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy RPL.
Time to Buy RPL | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Tuesday |
Best Week | 47 |
Best Month | April |
Best Quarter | First |
Rocket Pool is a liquid staking solution. Let’s compare it to other similar projects.
Current Price | One Year Ago | Price Change | |
---|---|---|---|
Rocket Pool | $13.30 | $27.03 | -50.7% |
Lido Dao | $1.80 | $2.15 | -16.2% |
Jito | $2.95 | $2.64 | +11.7% |
Frax Share | $2.90 | $8.72 | -66.7% |
Now, let’s examine some of the highlights and lowlights of the Rocket Pool price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with useful context when making or interpreting a Rocket Pool price prediction.
Period | RPL Price |
---|---|
Last Week (Dec. 12, 2024) | $16.02 |
Last Month (Nov. 19, 2024) | $10.43 |
Three Months Ago (Sept. 19, 2024) | $10.41 |
Last Year (Dec. 19, 2023) | $27.03 |
Five Years Ago (Dec, 19, 2019) | $0.3357 |
Launch Price (July 19, 2018) | $1.01 |
All-Time High (Nov. 16, 2021) | $154.73 |
All-Time Low (May 17, 2019) | $0.09118 |
The market capitalization, or market cap, is the sum of the total number of RPL in circulation multiplied by their price.
On Dec. 19, 2024, Rocket Pool’s market cap was $279 million, making it the 257th-largest crypto by that metric.
On Dec. 19, 2024, one wallet held nearly 60% of the RPL supply.
As of Dec. 19 2024, the five wallets with the most RPL tokens were
Supply and Distribution | Figures |
---|---|
Total Supply | 20,988,203 |
Circulating supply as of Dec. 19, 2024 | 20,988,203 (100% of the total supply) |
Holder distribution | The top 10 holders own 93.27% of the circulating supply as of Dec. 19, 2024 |
Rocket Pool is keen to point out its pioneering aspect in its technical documentation or whitepaper.
It says: “Rocket Pool is a first of its kind ETH Proof of Stake Protocol, designed to be community owned, decentralised, trustless and compatible with staking in Ethereum. It was first conceived in late 2016 and has been live since October 2021.”
Rocket Pool is designed to cater to two main user groups: those that wish to participate in tokenised staking using rETH using as little as 0.01 ETH and those that wish to stake ETH and run a node in the network to help generate a higher ROI than staking outside of the protocol due to commissions earned.
Ethereum’s Ether (ETH) coin is the king of altcoins. Second only to Bitcoin in market cap, Vitalik Buterin’s platform has established itself as the go-to place for people who want to create their own decentralized applications (DApps).
However, Ethereum is not without its problems. For instance, it can be hard to stake it or set it aside in return for rewards. People need a minimum of 32 ETH, worth more than $50,000, to stake on the blockchain. This can be somewhat discouraging for people who hold smaller amounts of the coin but still want to get involved in running the network.
Crypto entrepreneur David Rugendyke founded Rocket Pool in 2017 to solve that problem. Rocket Pool aims to let people stake ETH without holding large amounts of Ether.
The Rocket Pool system is supported by its native token, which goes by the ticker handle RPL.
People who want to use Rocket Pool take their ETH and put it into a staking pool. In return, they get Rocket Pool ETH, or rETH, in return. The ETH is put together and staked on Ethereum, earning Rocket Pool’s customers ETH rewards. The price of rETH is linked to the price of Ether, but it is not the same.
RPL rewards people who run the computers or nodes that help run the system.
Holders can stake the token within the platform itself. That said, you do not have to hold RPL to stake ETH through Rocket Pool or run one of its nodes.
People can also buy, sell, and trade Rocket Pool on exchanges.
Because Rocket Pool is based on Ethereum, it is a token rather than a coin. You might see references to Rocket Pool price predictions, but these are wrong.
It is hard to say. RPL has had a terrible couple of years and is no longer in the top 100 cryptos. Also, while the idea behind Rocket Pool is useful, we have to see whether the platform can attract new customers.
As always with crypto, you should do your own research before deciding whether or not to invest in RPL.
No one can really tell right now. While the Rocket Pool crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Rocket Pool, you will have to research RPL and other similar coins and tokens, such as Lido DAO (LDO). Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our price predictions suggest RPL could rise above $100 by 2030.
The RPL token rewards people who operate the computers that help the Rocket Fuel protocol. People can also buy, sell, and trade it on exchanges.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.