REN: What’s the Latest Regarding its Price?
REN is up by approximately 4.95% from the previous day, with its price currently hovering around $0.05856 USD. This marked the the 2nd consecutive day REN has been up; it is still in an uptrend, and is currently 7.01% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. REN’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 $0.04837 and $0.06108. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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The market capitalization of REN, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $45 million.
Straight Off the Chain
Over the past 24 hours, 184 transfers have been added to the blockchain recording transactions 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 11. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 12 out of the 36 Ethereum tokens we’re tracking.
How are the Strong Holders of REN Faring?
In terms of wealth concentration, the richest 1,000 wallets own 96.23% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.64% 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 -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.05%. REN’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on REN and Social Media
In the past day, REN’s Twitter followers went up by 16, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow REN 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
