Overview
In case your main concern revolves round making income by buying and selling the RVF coin, then chances are you’ll need to soar straight into the “RVF Coin Value Evaluation” part. Nevertheless, if you’re not but aware of this venture and the RocketX Change platform, we encourage you to comply with our lead from the highest.
We’ll begin by exploring the RocketX crypto venture. That is the place we’ll covers the fundamentals and make sure you all know what it’s all about. We’ll additionally clarify what the connections are between Rocket Vault and RocketX. Plus, for these of you curious about utilizing the RocketX Change dapp, we’ll additionally provide some helpful data on find out how to get moving into that course.
Subsequent, we’ll shift our focus to the RVF coin, beginning by answering the query, “What’s the RVF coin?” We’ll additionally have a look at the RVF’s tokenomics, distribution, and utility.
With the fundamentals of the RocketX crypto venture and the RVF token beneath our belts, we’ll dive into the $RVF value evaluation. After masking the place the RVF crypto token’s worth has been and presently is, we’ll additionally speculate on the token’s value predictions.
Nonetheless, that can assist you reply the query, “Ought to I purchase $RVF?” with confidence, we’ll introduce you to Moralis Cash – the final word on-chain evaluation software. For these of you who could determine to get a bag of the RVF coin, we’ll additionally make sure you be taught the place to try this with out breaking a sweat or the financial institution.
Exploring the RocketX Crypto Change
Like with all crypto venture explorations, we checked out RocketX Change’s official web site, socials, imaginative and prescient paper, FAQ web page, and extra. As such, we will inform you that the RocketX crypto venture means enterprise. Plus, they have already got a functioning cross-chain dapp up and operating.
The official title of the venture is RocketX; nevertheless, since their core product is a particular sort of trade, “RocketX Change” is usually used as a substitute.
Rocket Vault Now RocketX
This crypto venture launched in 2021 beneath the Rocket Vault title. The venture rebranded to RocketX later that very same 12 months. The venture makes use of the identical cryptocurrency, the RVF coin, which nonetheless goes by the unique title. So, by “Rocket Vault,” customers are referring to the RocketX crypto venture or to its native token – the RVF crypto asset.
About RocketX Change
The venture’s About web page gives a really good overview of what RocketX is all about. It plans to be a one-stop store for getting one of the best charges for on-chain and cross-chain swaps. However how is RocketX planning on undertaking this?
Properly, they’re following 1inch’s lead by making a DEX aggregator that checks all out there buying and selling choices for explicit buying and selling pair and finds one of the best (most inexpensive) path. Nevertheless, their distinctive method is that they don’t cease at DEXs. As an alternative, RocketX Change considers CEXs as effectively.
This hybrid method allows the venture to assist a lot of crypto property throughout many blockchain networks. It additionally provides RocketX customers an opportunity to make the most of the benefits of CEXs (akin to decrease fuel charges) with out really having to develop into direct customers of these exchanges.
Plus, they’ve already created a neat UI the place customers get to attach their Web3 wallets (e.g., MetaMask), choose the crypto property they want to commerce (on the identical chain or two completely different chains) and execute the trades.
The RVF Crypto Mission Timeline
- It began with the creation of the RVF token in April 2021.
- In Might 2021, the venture launched a beta model of its Rocket Vault app.
- The aforementioned transition from “Rocket Vault” to “RocketX” befell in November 2021. On the identical time, the venture additionally launched its new dapp’s beta model. The latter included just one CEX and 100 cryptocurrencies.
- In 2022, the venture made reasonably spectacular progress. By the tip of the 12 months, RocketX Change supported greater than 257 exchanges (CEXs and DEXs), greater than 20,000 cryptocurrencies, 62 blockchains with on-click, cross-chain swaps, and supplied Bitcoin interoperability with Ethereum and different main blockchains.
- The venture continues to broaden in 2023. For extra particulars have a look at the roadmap beneath.
RocketX Change’s Roadmap
The picture beneath outlines RocketX’s roadmap for 2023. Inexperienced verify marks point out milestones that the venture has already achieved:
As for the longer term plans, the venture’s imaginative and prescient additionally guarantees the next merchandise/options:
- Walletless swaps
- Earn characteristic
- Restrict orders
- NFT market aggregator
The RocketX Change Ecosystem
As per the venture’s imaginative and prescient paper, its purpose is to create an intuitive one-stop trade expertise. Moreover, there’s just one RocketX dapp, which already has a user-friendly interface. Nevertheless, there are a number of parts on the backend a part of this dapp. And the venture’s About web page refers to those parts because the RocketX ecosystem:
- Swap
- Cross-chain interoperability
- Bridge
- Walletless swap (coming quickly)
- Purchase/promote crypto with crypto or fiat
- Referral program
- Accomplice API
- Swap widget
- RocketX academy
You’ll be able to learn extra about every of the ecosystem’s parts within the picture beneath:
The RVF Crypto’s Core Workforce
One other optimistic side of the RVF crypto venture is the truth that its core group is doxxed. The venture lead is Kiran Mannam, Davinder Singh takes the position of the CTO, and Prathap Simha is the venture’s senior software program architect.
Plus, the Core Workforce part talked about Ian Good friend, a co-founder of Ferrum Community, because the venture’s core advisor.
You could find hyperlinks to those folks’s Twitter and LinkedIn accounts on the About web page.
How Do I Use RocketX Change?
So far as we’ve tried, utilizing the RocketX Change dapp is very easy.
First, you might want to entry the venture’s dapp. You are able to do so by hitting the “Commerce Now” button on the homepage or the “Launch App” button on the high of the About web page. By doing so, you’ll land on the swap web page:
As soon as on the above web page, you possibly can already discover the dapp with out connecting your Web3 pockets.
You’ll be able to click on on the supply community to pick the chain supporting your entry asset (the cryptocurrency you intend to promote). And you are able to do the identical for the vacation spot asset. You should additionally choose the precise two property you want to swap on every chain.
As soon as you choose the chains and the tokens you want to swap, the platform will show all out there choices and can place one of the best one on the high. On the left aspect, beneath “you save,” you possibly can see the main points of your potential swap.
If you happen to determine to execute that swap, you simply want to attach your pockets that helps the chains and tokens in query.
What’s the RVF Coin?
The RVF coin is the RocketX Change venture’s native cryptocurrency. The RVF token was minted on the Ethereum chain on April 8, 2021. Moreover, it’s a fungible cryptocurrency that follows the ERC-20 token normal.
Because the venture grew and expanded throughout different networks, so did the RVF token. As such, now you can discover $RVF on Ethereum, BNB Chain, and Polygon.
Tokenomics and Distribution of the RVF Coin
Listed here are the core points of the RVF crypto tokenomics:
- Token title: Rocket Vault Finance
- Token image/ticker: RVF ($RVF)
- Emission price: capped whole provide (and no new mints)
- Preliminary most provide: 100,000,000 $RVF
- Present whole provide: 99,300,000 RVF (700,000 tokens burnt)
- Token community: Ethereum, BNB Chain, Polygon
- Token sort: ERC-20 and BEP-20
- Token contract deal with:
- 0xdc8af07a7861bedd104b8093ae3e9376fc8596d2 (Ethereum)
- 0x872a34ebb2d54af86827810ebc7b9dc6b2144aa (BNB Chain)
- 0x2ce13e4199443fdfff531abb30c9b6594446bbc7 (Polygon)
The next picture reveals the token’s preliminary distribution:
Wanting on the above picture, you possibly can see that token allocation was removed from what is named a “honest launch.” The asset’s value mirrored that after it began to commerce, which you’ll see beneath. Additionally, notice that by September 13, 2022, all RVF crypto tokens have been launched.
Nevertheless, it’s value mentioning that the group locked liquidity till December 31, 2024, and the group tokens are locked till December 31, 2023.
$RVF Token Use Instances
To date, the primary use case for the RVF coin comes within the type of platform price reductions. As such, customers holding particular quantities of RVF get pleasure from low platform charges. And, the extra tokens customers maintain, the upper the low cost they’ll anticipate.
RVF Coin Value Evaluation
Let’s have a look at the RVF coin’s value motion on a weekly chart:
As you possibly can see, the token began buying and selling in mid-April 2021, when the crypto market as an entire reached its high. As such, the market’s reversal introduced the worth of RVF down with it.
After spiking all above the $1 mark, the worth of $RVF crumbled all the way in which all the way down to $0.01884. That worth marked the asset’s all-time low (ATL), which was set in mid-July 2021. The value rallied almost 700% from that time, adopted by a 75% correction. Then, it went on one other 900% run however returned to the identical ranges in three weeks following that native excessive at $0.4-ish.
Because the whole crypto market was in a bear market (that’s slowly coming to an finish), the worth of $RVF stayed reasonably low. There have been three makes an attempt to interrupt above the $0.17-ish stage; nevertheless, that stage turned out to be robust resistance. On the draw back, the asset discovered robust assist at $0.035ish. As such, it’s been ranging between these two ranges for greater than a 12 months and a half. However on July 15, 2023, RVF lastly broke out of that vary and located new assist at $0.27-ish.
Value Prediction of $RVF
As you possibly can see extra clearly within the above each day chart, the token’s value is presently making an attempt to interrupt above the $0.4-ish stage. Plus, as indicated by the 2 white traces, the chart is forming an ascending triangle, which is named a continuation sample. As such, except your complete crypto market experiences some type of correction, it’s extra probably than not for the RVF value to proceed its uptrend motion.
General, the almost definitely short-term value predictions for $RVF are clearly all of the earlier ranges of significance (the blue traces on the above two charts). If the worth crossed the $1 mark once more, the asset would go into value discovery mode, which is very prone to occur within the upcoming bull market.
So, for that, we will use the Fibonacci retracement software to foretell essentially the most optimistic goal (the “4.236” extension). The latter factors to $4.4-ish.
Whereas the RocketX Change venture is comparatively distinctive, it does have some similarities with the 1inch crypto venture. So, to additional speculate on the RVF coin value, we will use 1inch’s ATH market cap and divide it by RVF’s whole provide. That method returns $13.9-ish as a realistically achievable goal within the subsequent bull run.
Ought to You Purchase the RVF Token?
The knowledge offered within the above part needs to be sufficient so that you can determine if the RVF crypto venture deserves additional consideration. Nevertheless, to reply the above query with confidence, you should analysis the venture and its token additional.
As such, make certain to go to Moralis Cash’s Rocket Vault ($RVF) token web page. There, yow will discover all of the sources and instruments you might want to construct a powerful conviction on why you need to or shouldn’t purchase RVF. Plus, in the event you do determine to get your bag of $RVF, this web page additionally presents alpha metrics for that token.
These are real-time, on-chain metrics for the asset in query that may make it easier to decide whether or not now’s the appropriate time to purchase or not. In any case, on-chain exercise at all times precedes value motion!
So, use the above hyperlink or the interactive widget beneath and determine in the event you want to spend money on $RVF.
The place to Purchase the RVF Coin?
In case you determine to purchase the RVF token, you may have a number of choices. For one, in the event you discover the RocketX crypto dapp reliable, you need to use the “BUY RVF” button on that web page. You may as well go to Uniswap, PancakeSwap, or any of the CEXs that provide $RVF buying and selling pairs.
Nevertheless, there’s a a lot easier and safer path. In any case, because you’ll already be researching RVF utilizing a devoted Moralis Cash token web page, you possibly can merely use the moment crypto swap characteristic that awaits you on the high.
Notice: In case you are new to swapping cryptos, we advocate you take a look at our step-by-step information on find out how to swap ERC-20 tokens.
RVF Coin Value Evaluation and RocketX Change Assessment – Key Takeaways
- What began because the Rocket Vault venture in 2021 is now known as RocketX.
- RocketX Change is the venture’s core product which is a type of DEX/CEX aggregator hybrid.
- Anybody with a Web3 pockets can already use the RocketX crypto dapp to search out one of the best (most inexpensive) path to swap tokens throughout 60+ blockchains.
- The RVF coin is the venture’s native cryptocurrency that may be freely traded. Plus, massive sufficient RVF holders qualify for discounted platform charges.
- RVF’s chart seems to be reasonably wholesome as the worth has been recovering following the lows of the final bear market.
- Use Moralis Cash’s $RVF token web page to find out if and when you can purchase this cryptocurrency. You may as well purchase the token in a easy and secure method proper on that web page.
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