REN Price Update
REN is down by approximately 1.18% from the previous day, with its price currently hovering around $0.05715 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 3.81% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.049302 and $0.060798, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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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 $46 million.
REN’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for REN: holders added. Further investigation may be warranted.
Update on Transactions and Holders
336 transactions amongst holders of REN occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding REN rise by 43. If we observe percentage growth in holders and transfers, we find that REN ranks 11 out of the 36 Ethereum tokens we are tracking.
Just How Rich are REN’s Richest Holders?
The top 1,000 REN wallets hold over 96.08% of the token’s total money supply. 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 2.31% of the currency’s total money supply. Exchange ownership grew by -0.38% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.22% over that time period. REN’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
The last activity date on REN’s GitHub repository was November 11, 2019, or about 2 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for REN are growing by 0.1 and 1.27, respectively, over the past 30 days.
The Latest on REN and Social Media
If you are interested in following REN on social media, Twitter, where it has 10,027 following it, may be a good place to start. Here is the Twitter page for REN.
Where to Buy
You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX.
Article by SixJupiter
