RSK Infrastructure Framework (RIF) Market Update: Should You Buy?

RSK Infrastructure Framework (RIF) Market Update: Should You Buy?

In Brief

  • The price of RSK Infrastructure Framework (RIF) has dropped to $0.10, down by -5% over the past 7-days.

  • The whole crypto market is down by -9.4% in comparison.

  • Historic occurrences suggest that there could be upside potential.

RSK Infrastructure Framework might have dropped sharply recently (now $0.10), but previous signals suggest that there may be upside potential around the corner.

Of course, we don't have a crystal ball, but we do have a ton of data. Stack has analyzed the previous performance of RSK Infrastructure Framework (RIF). Analyzing 9 historic occurrences where the price fell sharply over a period of 7-day.

Why RSK Infrastructure Framework's Price Might Be Moving Move Higher

A situation very similar to this has happened before.

Over those 9 past occurrences, we found that 88.89% of the time the price increase by a median 19.85% over the following 14 days.

For example, on February 23rd, 2021 we saw the price of RSK Infrastructure Framework fall by -23%, only to rebound by 35.9% over the following 14 days.

What does this mean?

This is just one, data-driven signal, based on a handful of previous historic periods. Lots of factors can affect the price of any investment.

Crypto is no different. Social media, developer activity, the number of exchanges and on-chain activity are all factors that can influence the price of any crypto project. Stack factors all these into it's ranking system to make it quick to compare the quality of different cryptos.

If you feel that other factors, including the broader crypto market, are favorable given the suggested 7-day holding period. Then it could represent a good time to invest, or a good entry point. We recommend that you do your own research (DYOR) before making any investment decisions.

What other factor might be moving the price of $RIF?

As mentioned above, several factors can affect the price of any investment. Here are some that Stack can help you track.

The broader market

The crypto market is also down by a median -9.4%. Most cryptos are correlated, especially to Bitcoin and Ethereum. So this is likely affecting the price. Going against the grain can work, but should be done with caution.

It's also work paying attention to the broader macroeconomic conditions. As crypto investing becomes more mainstream, it is increasingly becoming correlated to stocks as well.

Project developments

How active have the developer for RSK Infrastructure Framework been?

Over the past 4 weeks there have been 0 commits on RSK Infrastructure Framework's Github account. This compares to an average of 0 commits per week.

Spotting significant changes in developer activity can highlight potential new products being worked on and abandoned projects that might be in decline.

Social media

Social media can have a powerful effect on cryptocurrency prices. Even a single tweet can move markets (we're looking at you Elon). It's difficult to gauge sentiment just by scrolling, but you can use tools like Stack to monitor the growth of a project's followers.

RSK Infrastructure Framework's Twitter followers have increased by -0% over the past 7 days. You can view stats for other networks in the full report for RSK Infrastructure Framework.

Important Disclaimer: This material is for informational purposes only. None of the material or any material on the website should be interpreted as investment advice. Stack does not make any express or implied warranties, representations or endorsements whatsoever with regard to the material or related information. In particular, you agree that Stack and it's owners assume no warranty for the correctness, accuracy and completeness of the material.