Rocket Pool Price in India (RPL)

Rocket Pool is an Ethereum staking protocol that allows users to stake ETH without losing their liquidity. The platform is one of the leading liquid staking platforms for Ethereum that caters to both individuals and institutions to stake their ETH. Rocket Pool is popular for its low entry barrier for staking which allows users to stake starting as low as 0.01ETH. The platform is powered by its native token RPL. 

David Rugendyke, a developer with a computer science background, founded Rocket Pool in 2016.

• Low entry for staking: Ethereum native staking requires users to stake a minimum of 32 ETH which is a steep price, but Rocket Pool allows users to stake starting as low as 0.01ETH.

• RPL token: RPL token has several utilities in the Rocket Pool ecosystem such as incentivizing node operators and stakers. Token holders can also participate in the protocol’s governance and contribute towards shaping its future. 

• Liquid Staking with rETH: Rocket Pool offers liquidity by giving users rETH in exchange for their staked ETH which can be used like any other ERC-20 token. This allows users to use their funds while earning staking rewards. 

• Decentralized staking: Rocket Pool is one of the oldest decentralized Ethereum staking protocols. Its non-custodial and trustless design ensures transparency and security, which aligns with Ethereum’s core principles.

Rocket Pool is an important platform, especially in the Ethereum staking space as it is one of the oldest and most trusted decentralized Ethereum staking protocols. Its native token RPL has established itself as a prominent crypto, notching up a gain of over 800% since its launch in 2018. As of October 2024, RPL ranks #198 with a market cap of $208,230,516. The RPL price prediction for 2030 is $122.48 as per technical analysis, making it a promising crypto. 

Download the CoinSwitch app to invest in RPL.

• RPL can be traded, bought, and sold to leverage from price fluctuations.

• RPL holders can participate in the protocol’s governance and partake in decision-making.

• RPL token holders can stake their RPL tokens as collateral to become node operators.

• Token holders can stake their  RPL and earn staking rewards,

• Rocket Pool is one of the oldest and most trusted decentralized Ethereum staking protocols. 

• It allows users to stake starting as low as 0.01ETH as opposed to the steep 32 ETH for native Ethereum staking. 

• Rocket Pool offers liquidity by giving users rETH in exchange for their staked ETH, allowing users to use their funds while earning staking rewards.

• Like all cryptos, RPL is subject to market volatility.

• Rocket Pool splits the rewards between node operators and stakers which reduces the reward. 

• The value of rETH could deviate from 1:1 with ETH during extreme market volatility.

• To trade in RPL on CoinSwitch, download the app.

• You can start with as low as ₹100.

• Trade in RPL and many other cryptos in a secure and easy-to-use environment seamlessly.

The Rocket Pool held its Initial Coin Offering (ICO) from November 25, 2017, to January 7, 2018, and during this period, the Ethereum staking protocol raised $5.47 Million. The price of the RPL token during the ICO was $0.9317. The successful ICO marked the beginning of Rocket Pool’s journey to becoming a key player in the Ethereum staking ecosystem.