Rally is a blockchain project that allows creative communities to launch their coins and build a digital economy around their work. In this way, creators, including artists, brands, influencers, or general content creators, can monetize their fans in various ways, from providing access to new content and offering benefits and perks to selling merchandise and events.
The project's native ERC-20 Rally token (RLY) is a governance and collateral token.
Read on to learn everything you need to know about the Rally project and the RLY token.
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Rally Price: Live Price Chart, Market Cap & Trading Volume
Rally's market cap has moved up to position # 105, and now it has a live market cap (capitalization) of $544,935,639. RLY has a circulating supply of 2,509,589,560 RLY coins and a max supply of 15,000,000,000 RLY coins, the same as the total supply. The Rally price reached an all-time high (ATH) of $1.399.
Check the Rally (RLY) current price, market cap, total supply, circulating supply, 24-hour trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best crypto platforms around.
CoinStats is a cryptocurrency research and portfolio tracker app that provides valuable information on cryptocurrency news and investment advice to help investors make better decisions.
Rally Price Forecast
Long-term forecasts of Rally prices are likely to be utterly inaccurate due to the inherent volatility of the cryptocurrency market and the myriad unknowns that could impact future pricing. So, what do the experts think? First up is WalletInvestor, which is a pessimistic forecast and sees Rally dropping to $0.096 within a year.
In a much more optimistic forecast, the gov.capital predicts that in 2023, the RLY price will be $1.129. The website indicates that the coin will rise to $3.978 in five years.
Finally, DigitalCoinPrice predicts that the RLY price will be $0.53 in 2022 and rise to $0.64 in 2023. The website's 2025 Rally prediction is $0.86.
These Rally price predictions come from various sources with different methodologies, which is why there is such a range in the predictions. However, they all agree on one thing: Rally has potential. So, if you’re thinking about investing in Rally, do your own research and make sure you know what you’re getting into.
About Rally (RLY)
RALLY is a platform created for creators and their communities to build their own independent digital economy. The network provides creators with the tools to create a virtual economy that expands their brands and monetize their fans in various ways, from offering community benefits and new economic incentives to secure and publicly transparent interactions with users’ fanbases.
The platform has built-in features that allow creators, celebrities, communities, and brands to issue their public tokens and NFTs. Rally also has a built-in reputation system that encourages good behavior and punishes bad actors.
Rally's main goal is to solve the problem of content creators losing control over how their content is monetized and their fan communities are run. It combines the demands of a developing creator economy with the essential ideas of successful cryptocurrency initiatives. In so doing, Rally opens up a whole new avenue for creators, letting them profit from their work by creating their virtual economy and assets.
With Rally, creators can issue their own fully customizable branded cryptocurrency called Creator Coins, a unique digital brand that provides value and utility to their fans. Creators will then have access to an easy-to-use Creator Coins-powered blockchain suite of tools to create scarce collectibles and content (non-fungible tokens or NFTs), loyalty programs, and a healthy tokenized economy. Rally enables every creator to build a business model that will outperform any other high-tech platform.
Creator tokens can be purchased using the RLY token, credit or debit cards, and other popular cryptos and can be sold back for RLY and then bridged back to Ethereum mainnet.
RLY is an ERC-20 governance and collateral token. RLY's use cases include governance of the community treasury (voting and proposal creation), social token creation, liquidity for creator tokens, and community rewards.
One of the first ways to get RLYs into the hands of the community is through Yield Delegating Vaults. These vaults allow users to delegate future earnings generated by yearn.finance vaults to a community treasury in exchange for RLY rewards. Vaults are available at vaults.rally.io.
History
According to CoinMarketCap, numerous individuals and media professionals came up with the concept for Rally. Brenmer Morris is the company's CEO. Based in San Francisco, California, Morris received a BA in financial economics and government from Claremont McKenna College, graduating in 2009. Before becoming CEO for Rally, he worked as head of global go-to-market and revenue for Patreon, a platform designed to empower and create investment opportunities for creative communities.
Nick Millman is vice president of creator partnerships, while Kurt Patat is the head of communications.
Coin Performance
The RLY coin was released in 2020 and quickly increased in value. It reached a high of $1.3786 on 2 April 2021 before dropping to $0.4099 on 9 June 2021. Since then, the price has generally been going down, but it reached a high of $0.8802 on 3 September 2021.
Although the coin price increased to $0.3664 on 16 February, it had gained over 50 percent on its price a year earlier. It has risen by 25 percent in the past 30 days.
Check out the Rally price live now and see how it compares to these predictions. Remember, always consult a financial advisor before investing in any cryptocurrency and never invest more than you can afford to lose. Thanks for reading!
