August 6, 2019: Republic Token (REN): Down 3.09%; Unusual Moves In Holders Added

November 19, 2019: Ren (ren): Down 3.59%; 2nd Consecutive Down Day
November 19, 2019: Ren (ren): Down 3.59%; 2nd Consecutive Down Day
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Republic Token: What’s the Latest Regarding its Price?

At the time of this writing, Republic Token has a price of $0.1381 USD, which puts it down by approximately 3.09% from yesterday. The down day for Republic Token yesterday was a reversal from the day before it, which puts its price at 24.23% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Republic Token suggest price may bounce between $0.085568 and $0.136759 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

Where to trade Republic Protocol (symbol: REN): Yobit, Binance, DDEX

August 6, 2019: Republic Token (ren): Down 3.09%; Unusual Moves In Holders Added

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 $98 million.

Republic Token’s Surprises of the Day

Since yesterday, Republic Token saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

1,018 transactions amongst holders of Republic Token occurred yesterday. Regarding a tally of holders, Yesterday saw Republic Token’s wallet count increase by 0. If we observe percentage growth in holders and transfers, we find that Republic Token ranks 12 out of the 37 Ethereum tokens we are tracking.

Observing Republic Token’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 97.53%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 4.12% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.08%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.33%. 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 Active are the Software Developers?

The last activity date on Republic Token’s GitHub repository was July 31, 2019, or about 6 days ago. 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.

The Latest on Republic Token and Social Media

In terms of social media presence, Republic Token saw its Twitter followers and Reddit subscribers go up by 55 and 5 over the past 24 hours. Traders interested in following Republic Token has the biggest presence on Twitter, where it has 8,887 users engaged. Here is the Twitter page for Republic Token.

Where to Buy

You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX. August 6, 2019: Republic Token (ren): Down 3.09%; Unusual Moves In Holders Added

Article by SixJupiter