REN Price Update
REN’s current price, at the time of this writing, is $0.08513 USD, down by approximately 2.04% from the day prior. The down day for REN yesterday was a reversal from the day before it, which puts its price at 20.93% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for REN imply the currency may oscillate between $0.085187 and $0.130148, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Republic Protocol (symbol: REN): Yobit, Binance, DDEX
The currency’s market cap currently stands at $69 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 261 transfers amongst holders of REN. In terms of estimating the number of holders, over the past day the total number of wallets holding REN has gone up by approximately 8. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 12 out of the 32 Ethereum tokens we’re tracking.
Observing REN’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 97.54%. 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 5.01% of the currency’s money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period. The underlying smart contract itself for REN 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 REN is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 22, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.1 per day, while the number of followers watching REN’s repositories is growing by 0.03.
What’s Going on Social Media?
Traders interested in following REN has the biggest presence on Facebook, where it has NA users engaged.
Where to Buy
You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX.
Article by SixJupiter
