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Radicle price prediction: A radical approach to coding

By Capital.com Research Team

14:41, 27 July 2022

The Radicle logo and text
Users can choose to fund and manage others’ projects on the Radicle coding platform – Photo: Sanjay kj / Shutterstock

Github – the open source community for software development – has clearly demonstrated the need for a collaborative coding software. Radicle is proposing the next evolution of this with its decentralised platform (DEX) where developers can write code free from a centralised party.

It received investment support from venture capital firm NFX in July and its RAD token is currently rallying. Forecasters have suggested it could keep this momentum going into the following years.

What is Radicle?

Radicle is building a platform for developers to write code and collaborate with their team-mates. It describes itself as a decentralised version of GitHub where users have full control over their code.

The platform’s documentation says:

“It enables developers to collaborate on code without relying on trusted intermediaries. Radicle was designed to provide similar functionality to centralised code collaboration platforms.”

Radicle claims to have the efficiency of centralised products, such as GitHub, while maintaining a decentralised approach. This is achieved through its peer-to-peer layer that harnesses computational power by spreading data across its network of users.

Its page on CoinMarketCap explains that users can fund and manage others’ projects, adding: “This pick-and-match type of collaboration, where users host their own content, and content they find interesting, is what Radicle calls ‘bazaar-style’ collaboration.”

Berlin software company Monadic created the Radicle decentralised coding platform. The company is managed by Eleftherios Diakomichalis and Alexis Sellier. While Sellier keeps a low profile on social media, Diakomichalis’ LinkedIn profile reveals he has a background in engineering and previously worked at SoundCloud. 

All about the RAD token

To achieve Radicle’s decentralisation mission, it launched its own governance token under the ticker RAD. By holding the cryptocurrency, investors can directly influence the platform’s future.

Holders can vote on projects to receive grants. RAD can also be used to pay for Radicle’s services and fund development teams.

There is a total supply of nearly 100 million RAD and 50% of that has been locked up in a treasury. The rest is split between early supporters, the founding team, a liquidity pool and other partners.

RAD’s past performance

RAD price chart

Source: CoinMarketCap

The RAD coin went live in mid-February 2021, earned $12m in funding from NFX and opened at $15.31 on 28 February, according to CoinMarketCap. It saw an initial surge after launching. This came after it partnered with The Graph protocol the following month to host its governance procedures. RAD managed to peak at $26.69 on 14 March.

This high was also around the time a proposal was passed by the Radicle decentralised autonomous organisation (DAO) to close its BalancerLabs liquidity pool and transfer the funds to its treasury.

DOGE/USD

0.13 Price
+0.240% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

SOL/USD

174.87 Price
-0.050% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2651

XRP/USD

0.61 Price
+0.160% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

ETH/USD

3,445.78 Price
-1.180% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

The following month the Radicle token climbed to its all-time high of $27.35 on 15 April. Its price surge was fuelled by Coinbase Custody adding support for depositing and withdrawing RAD.

Radicle also received a major update later that month, but this was unable to sustain its token’s price and RAD soon plummeted. It dropped below its launch price in May and continued to fall until it hit a low of $3.78 on 9 July 2021.

Its next rally started the following month as the Huobi Global exchange listed the token on 19 August. RAD continued this rally into the following week and reached a high of $17.82 at the end of that month.

Radicle next saw its token climb even higher on 7 October as it was listed on Binance. The token hit $26.60 on the day of the listing. 

While the following months proved volatile for RAD, it eventually fell again into a bearish slump. By the end of January 2022, it was close to $5, from where it gradually declined to its all-time low of $1.35 on 18 June.

However, it has recently started rallying again after receiving investment support from NFX. As of 27 July, RAD was trading at $4.08, which represented more than a 100% rise on the previous seven days. 

Radicle price prediction

There is a bullish consensus from forecasters offering a RAD coin price prediction. TechNewsLeader said it may have risen to $3.58 in a years’ time. Its Radicle price prediction for 2025 anticipated it could have climbed to $7.94 before $16.44 in five years’ time and $52.43 in 2030.

A similar forecast was outlined by PricePrediction. Its Radicle token price prediction suggested it would have averaged $2.22 in 2022 and $6.81 in 2025. For 2030, the Radicle price prediction may have gone on to a maximum price of $47.77.

Meanwhile, the CaptainAltcoin’s Radicle price prediction for 2022 suggested it would have fallen five cents below $2 by the end of the year. It then suggested it might have climbed back above the $10 level in 2030 to $11.68 and above $20 in 2040.

DigitalCoinPrice has forecasted Radicle might have reached an average price of $4.80 this year. The RAD coin price prediction was then anticipated to have climbed to $12.19 by 2028 and $19.22 in 2031.

When considering a RAD token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.

FAQs

What is Radicle?

Radicle has created a decentralised platform where developers can collaborate and write code together. This is being powered by the platform’s governance and utility token, RAD.

Will RAD coin go up?

At the time of writing, some online forecasters such as TechNewsLeader and PricePrediction expected RAD to continue its current rally but the rate at which it could do so varied. 

Cryptocurrencies can be highly volatile and prices can go down just as easily as they can go up. Analysts and algorithm-based forecasters can and do get their predictions wrong. Keep in mind that past performance is no guarantee of future returns. Always do your own research. And never invest what you cannot afford to lose.

How many RAD coins are there?

At the time of writing, there was a total supply of nearly 100 million RAD and a circulating supply of a little more than 31.2 million tokens.

Is Radicle a good investment?

Radicle was designed to help developers collaborate in a decentralised manner. But its RAD token has proved volatile.

In cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the RAD token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

 

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