Radicle price prediction: What is Radicle (RAD)?

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Radicle (RAD) has been showing promise after huge rallies

Radicle logo                                 
Radicle aims to decentralise collaborative working – Photo: Shutterstock
                                

Contents

The Radicle platform offers a new way of creating projects, but what is Radicle (RAD)?

Let’s see if we can explain that, and take a look at the Radicle price prediction, too. 

Radicle explained

Cryptocurrency is based on the blockchain, and the blockchain ultimately relies on three things: Privacy, decentralisation and collaboration. The idea is that the system should be developed on a largely open-source basis, which means that people can, ultimately, work together to try out ideas and build programs in a way that is both inexpensive and efficient. 

One of the problems with some of the platforms that are used for open-source tech collaboration, such as GitHub, is that they are often owned by large companies. Not only does this make them run contrary to the decentralised ethos that is key to so much of what could be described as Web 3.0, but it also means that they can fall victim to censorship and restrictions.

Radicle aims to provide an alternative. As the whitepaper says: “In a world where nearly all software relies on open-source code, maintaining the resilience and health of the free and open-source ecosystem is more important than ever. That’s why we believe that dependence on centrally hosted platforms and corporations for the distribution of critical open source infrastructure is unsustainable. Reliance on such centralised services contradicts the values of the free and open-source ecosystem and threatens its wellbeing.

“Radicle was conceived as an alternative. Its goal is to eliminate intermediaries and create a peer-to-peer ecosystem that is robust, functional and secure. There must be an intentional shift in narrative to prioritise the adoption of decentralised alternatives for code collaboration that abide by the principles of free and open-source software.”

It does this by allowing people to join up to the Radicle protocol and build code on it together. Now, every crypto network needs its own native token and Radicle’s is called RAD.

RAD is a governance token, which means that holders are able to vote on changes to the network based on how many RAD they have. It is also worth pointing out that RAD is based on the Ethereum blockchain which means, technically, it is a token rather than a coin. That said, you will hear references to the Radicle Coin.

Radicle, which was founded by developers Alexis Sellier and Eleftherios Diakomichalis, first started operating in Beta form in 2018, although it was not until 2021 that the RAD token found its way onto the open market, following an initial coin offering (ICO) which raised $24,680,000.

Radicle price history

It’s now time to investigate the Radicle price history. While past performance should never be seen as an indicator of future results, knowing what the coin has done in the past can help give us some important context if we want to make or interpret a Radicle price prediction.

When Radicle first came onto the open market in February 2021, crypto was enjoying a very bullish phase and, while RAD was subject to the fluctuations one might expect from a freshly released token, it was able to capitalise on the general buzz around cryptocurrency. By April, it was hitting record highs and, on 15 April 2021, it hit its all-time high of $27.35.

While it was unable to match that level, it still performed pretty respectably until the great crypto day crash of 19 May 2021 shook the markets, with RAD feeling the after-effects as it stagnated for the next couple of months, reaching a low of $3.78 on 9 July 2021.

By the end of August, though, a combination of factors – not least a boost to crypto as a whole, spurred on by rising interest in non-fungible tokens (NFTs) – saw the Radicle price pick back up, closing the month at $17.76. September saw a decline set in, with RAD closing the month at $8.21, but October saw a rebound to close the month at $10.45 before a booming crypto market, inspired by Bitcoin reaching new heights, saw the token score a monthly high of $23.72 on 27 November 2021.

Following that, though, things started to sink down and Radicle closed the year at $10.86.

Radicle price history
Radicle price history – Credit: Currency.com

2022 has not been a good year for crypto so far, and Radicle has been hit hard. While it reached $11.66 on 4 January, it has not been higher than that since then, and it has also not traded at more than $10 since 6 January.

Things continued to decline in February, when a mixture of a sluggish market and worries surrounding Russia’s invasion of Ukraine saw it drop to close the month at $4.85. March was a bit better, closing at $5.43 as it took part in a mini-bull run that saw it reach a high of $9.37 on 1 April 2022. After that, though, a Chinese crypto ban saw things cool off somewhat and it was worth $3.80 by the end of the month.

May 2022 was one of the worst months crypto has ever suffered. The depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency saw the market’s recent woes amplified, and RAD was unable to escape the turmoil, falling to a low of $1.56 on 12 May.

Although things looked like they would get slightly better, as the coin struggled to $2.28 by the end of the month, there was another unpleasant twist. The cancellation of withdrawals on the Celsius crypto lending platform confirmed the bearishness of the crypto market and, on 18 June 2022, it dropped to $1.35, a new all-time low. The token managed to gain some momentum in the following weeks, but largely traded around the $1.50 mark.

However, as of 27 July 2022, the token is currently trading at $3.72, up a whopping 65% in a recent 24-hour trading window. There are currently 31.26 million RAD in circulation, and a total supply of 99,998,580. This gave it a market cap of around $116m, making it the 169th-largest crypto by that metric.

Radicle price prediction

With that out of the way, let’s take a look at the Radicle price prediction. It is important to know that price forecasts, especially for a commodity as volatile as cryptocurrency, are often wrong. We should also remind you that longer-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.

Firstly, CaptainAltCoin has a Radicle coin price prediction that sees it fall to $3.23 by the end of this year. The site makes a Radicle price prediction for 2025 that sees it reach an average of $8.24 for the year. In 2030, the site says, RAD should be worth $20.61 and, interestingly, there is a prediction for Radicle in 2040 that sees it come in at $41.22.

Next, CoinsKid makes a RAD price prediction that sees it end 2022 at around $3.40 before it reaches a maximum $3.62 in August next year. At the same time in 2024, the coin should be worth $3.27, before rising to hit $5.36 in August 2025. 

Meanwhile, PricePrediction.net’s Radicle crypto price prediction says that the token should enjoy consistent price growth, reaching $2.22 this year before hitting $3.29 next year and $4.78 the year after that. In 2025, RAD should be worth about $6.81 before it breaks through the $10 barrier to trade at $10.08 in 2026, $14.09 in 2027 and $21.08 in 2028.

The site suggests that RAD should close the decade at around $28.34, before making a Radicle price prediction for 2030 of $41.58. If the forecast is accurate, the coin should trade at $60.41 in 2031. 

Finally, Gov.capital has a bearish Radicle price prediction for 2022. The site suggests that in December this year the token will be a de facto dead coin, and that it will be worth nothing by the end of January 2023.

Final thoughts

Some final things before we finish.

It is important to note that, while Radicle does offer something useful, it is also competing with more established, centralised, systems. Whether or not there are enough people who want to collaborate on open-source projects on a decentralised network for the RAD token to continue to flourish is a bit up in the air at the moment, especially regarding the recent bearishness of the market.

We should also point out that there may be pro-decentralisation hardliners out there who might take umbrage at the way that the system promotes decentralisation but also has named, identified founders.

The other thing to note is that, while Radicle does offer a combination of things that are pretty rare, there is nothing to say that it will end up being the dominant decentralised open-source collaboration network. It is always possible that another network could come along and capture more people’s imaginations, which would then leave both Radicle and RAD as historical crypto footnotes.

As ever with cryptocurrency, it is important to exercise caution. 

FAQs

As of 27 July 2022, there are just under 31.26 million RAD in circulation, and a total supply of 99,998,580.

It can be argued, at least by proponents of buying during dips, that now might be a good time to invest in RAD. That said, some caution is needed. We have seen the price of RAD go down quite a bit over the last 12 months.

Remember, cryptocurrencies can be highly volatile and prices can go down as well as up. You will need to do your own research and never invest more than you can afford to lose.

Supporters of buying during the dip might tell you that cryptos like RAD, which has lost value over the last 12 months, are worth looking into. On the other hand, it has been in a bearish place for some time now.

Regardless, you will need to remember that cryptocurrencies can be highly volatile and prices can go down as well as up. You will need to do your own research and never invest more than you can afford to lose.

This is entirely a matter for you to decide. Do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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