Ako B.
Ako B.
Feb 07, 2023

Rook Coin Price Prediction 2023, 2025 and 2030. Is Rook A Good Investment?

tl;drRook Coin is the native token of the Rook Protocol, which claims to be the first protocol allowing generalised MEV to be internalised at the application layer. There is a lot to know about this all-in-one platform and Rook Coin Price Predictions for 2023, 2025 and 2030, so let’s explore it.
Rook Coin Price Prediction 2023, 2025 and 2030. Is Rook A Good Investment?
Rook Coin Price Prediction 2023, 2025 and 2030. Is Rook A Good Investment?
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What Is Rook Coin?

Rook Coin or Rook Token comes from the Rook platform that strives to increase the efficiency of the markets using coordination by capturing and redistributing MEV to the users and protocols that create it.

Using the most effective algorithmic strategies, Rook aims to increase the value of transactions for all the parties involved.

Do you know what these algorithm strategies are? They are bots called Keepers that monitor Ethereum, and other basic blockchains, to streamline transactions, from arbitrage and liquidations to system upkeep and auctions. 

Rook Coin Platform And Keepers

Keepers, which were introduced above, have quickly found their place in the Ethereum ecosystem as risk off-loaders.

Despite their benefits, these actors have caused a complex situation, as they were not initially included in Ethereum’s incentive structure.

Currently, various Keepers compete in a zero-sum game and have led Ethereum to transform into a highly adversarial environment where Keepers and miners struggle to claim on-chain profits in exchange for DeFi users and protocols.

What Innovation Does Rook Offer?

The situation of the Keepers is different in the Rook Protocol, as Keepers do not compete but work together to coordinate and gain the on-chain profits efficiently.

Outside actors, i.e., DeFi users, protocols, and market makers, can benefit from the profit by bringing their activity to Rook and earning a reward.

Rook uses on-chain contracts to hide the profit-extracting opportunities and realign the incentives to encourage coordination over competition and therefore benefit all parties.

All rewards can be claimed via the Rook Protocol staking contract. The Coordinator will collect bids from the Keepers and create a payment channel for the users to claim any time they want.

Rook Coin Platform Unique Features

Rook Coin Protocol

  • is community-owned,
  • is governed by a DAO,
  • accepts open optimum to return the most benefit to protocols, applications, and users, instead of becoming a profit-maximising black box that can harm the network integrity,
  • designs a system to capture application-layer transaction flows to generate a positive-feedback flywheel that collects and re-distributes MEV among participants to increase the efficiency of the network and market.

How Does Rook Coin Platform Achieve Coordination?

Rook Protocol ensures coordination using its two important tools, i.e., Rook Coin and xROOK.

ROOK is the ERC-20 governance and utility token of the Rook platform. Here you can check the smart contract of ROOK.

The xROOK token enables the ROOK holders to stake it to own the revenues that accrue to the Rook Protocol via discovering MEV and executing the transactions successfully.

Visit the xROOK smart contract here. The following images show the Rook Token Coordinomics.

Rook Coin Bid Distribution

The value gained from the ecosystem is divided and distributed to the participants. The biggest shares will be received by the users and market makers as they use the products and create value.

  • 80%: Users and Market Makers
  • 10%: Rook Coin Stakers
  • 6%: Rook Treasury
  • 4%: Burn

Staking Rook Coin

The holders of the Rook Coin can stake it in the Rook Staking Pool and receive xROOK in exchange.

A percentage of the value earned in every bid goes to xROOK holders, which is a yield corresponding to the utility and success of the Rook Protocol.

Rook Coin Governance

Staking lets Rook DAO Governance check a user's xROOK balance upon determining eligibility for features like voting and objection.

This will allow xROOK holders to enjoy both yield generation and governance participation.

Rook Coin Utility

Keepers use the Rook Coin to receive value while providing the infrastructure for the Rook Protocol and its users.

The main utility involves the xROOK token and its role in governance. xROOK will also be used for future benefits and use cases.

How Will Market Makers Benefit From The Rook Coin? 

Market makers integrating with Rook will gain integration to all of DeFi and CeFi through the Keepers.

Keepers will backstop the Market Makers while capturing spreads and hedging order flow. It means that the Market Makers can receive their trading profits while getting rewarded in ROOK for their MEV capture.

Rook Price Prediction for 2023

The ROOK coin price is projected to reach a high of $34.09 in 2023, according to the KeeperDAO forecast and technical analysis.

In addition, the anticipated minimum price for the end of 2021 should be around $29.19.

Rook Price Prediction for 2024

The current price of the ROOK coin stands at approximately $16.65, with the 2024 forecast expecting an average price of $43.65.

The KeeperDAO technical analysis suggests that the minimum value of the price is expected to reach $42.45 by the end of 2021, while the maximum level can rise up to around $50.01.

Rook Price Prediction for 2025

The Rook coin price is projected to increase significantly over the next several years.

According to the KeeperDAO forecast and technical analysis, by 2025 the Rook coin could be worth an average of $62.81, with a minimum value of $60.63 and a maximum potential price of $73.97.

Rook Price Prediction for 2030

The KeeperDAO forecast and technical analysis suggest that the ROOK coin price could reach an average of $89.51 by the end of 2026, with a minimum price value of $86.37 and a maximum of $104.59.

In 2027, ROOK could have an average price level of $131.35, with a minimum price value of $126.88 and maximum of $150.53, while in 2028 it may surpass an average price level of $187.19 with a minimum being $180.62 and a maximum being $218.61.

Additionally, in 2029 the KeeperDAO forecast projects that ROOK could reach an average price level of $274.63 with the expected minimum value being at least $267.15 and reaching a maximum rising to a predicted value of up to$322.89.

Finally, in 2030, a year-end evaluation puts the potential ROOK's average price level at a milestone figure of around$402.96, having possibly started off Xfrom the lowest estimate at$38923 while culminating at$45701 as its highest limit possible

Is Rook Coin A Profitable Investment?

On the positive side, the technology and idea behind Rook Protocol make it a unique and promising platform.

It has high hopes and aims to build useful use cases on Ethereum, with its popularity growing by 14% on Twitter.

On the negative side, the liquidity score makes it a hard sell, and the ROI has been satisfactory in the recent year.

But bear in mind that a bearish market is not a good time to flourish but the best time to learn and grow.

As a crypto market investor, you need to know the top projects in the market and be familiar with the best screening tools, and the best methods to monitor the changes in the market. You can find all of this and many more at Cryptologi.st.

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