Republic Token Price Update
At the time of this writing, Republic Token has a price of $0.1232 USD, which puts it down by approximately 10.79% from yesterday. Republic Token is currently in a unclear , but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Republic Token is now 8.34% above its 20 day moving average. Republic Token’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.087978 and $0.139456. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
Where to trade Republic Protocol (symbol: REN): Yobit, Binance, DDEX
The market capitalization of Republic Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $103 million.
Unusual Developments
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, 839 transfers have been added to the blockchain recording transactions amongst holders of Republic Token. In terms of estimating the number of holders, over the past day the total number of wallets holding Republic Token has gone up by approximately 54. If we observe percentage growth in holders and transfers, we find that Republic Token ranks 7 out of the 37 Ethereum tokens we are tracking.
Just How Rich are Republic Token’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 97.53% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.13% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.08% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.19%. The underlying smart contract itself for Republic Token owns 0.01% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
In terms of how active the software development team working on Republic Token is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on July 31, 2019, or approximately 7 days before. To understand how code development is progressing, we observed the growth rates in the number of open issues and the number of users following Republic Token on GitHub; we found no growth in both of those metrics over the past 30 days, suggesting code is either being maintained elsewhere or code development as stopped.
Republic Token’s Social Media Presence
In terms of social media presence, Republic Token saw its Twitter followers and Reddit subscribers go up by 281 and 1 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Republic Token on Twitter.
Where to Buy
You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX.
Article by SixJupiter
