The iExec RLC cloud platform team reported that all 87 million RLC tokens have been issued. A landmark event for any living, operating crypto project - inflation in the form of unlocks will no longer put pressure on the price of the token.
#RLCis an Ethereum token for the#iExeccloud platform, where users can borrow and rent computing power and data. The developers call iExec a “decentralized marketplace for cloud resources” that power applications.
The price of#RLChas increased by 85% since February 15 alone. It has reached the volume level of $4,080 and, probably, this is a local high for now, which will be followed by a correction to the nearest mirror volume level, which is $2,750. The next ones are $2,563, $2,400.
The ideal point to buy after the correction would be a test of the 200 EMA of the weekly TF (currently $1,738) and the 50 EMA of the monthly TF (currently $1,765). It is also worth monitoring the global upward trend support from June 2022. It is now significantly lower, at $1,326. Most likely, the price will come to test these supports later, when they are higher.
