November 8, 2019: REN (REN): Down 2.2%; 2nd Straight Down Day


REN Price Update

REN’s current price, at the time of this writing, is $0.05611 USD, down by approximately 2.2% from the day prior. This marked the the 2nd straight day REN has been down; it is still in a unclear trend, and is currently 2.03% 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 $0.048924 and $0.061063, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

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The currency’s market cap currently stands at $46 million US dollars.

Daily Engagement Metrics Update

146 transactions amongst holders of REN occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding REN rise by 21. If we observe percentage growth in holders and transfers, we find that REN ranks 12 out of the 36 Ethereum tokens we are tracking.

Observing REN’s Richest Wallets

The top 1,000 REN wallets hold over 96.28% 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 2.62% of the currency’s total money supply. Exchange ownership grew by -0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. The underlying smart contract itself for REN owns 0.02% 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 REN’s GitHub repository occurred on today, November 08, 2019. Over the past 30 days, we’ve seen open issues across REN’s GitHub repositories grow by 0.13 per day on average, while the number of watchers has grown by 1.

The Latest on REN and Social Media

Social media growth, in terms of Twitter followers, came in at up 70 over the past day for REN. Traders interested in following REN has the biggest presence on Twitter, where it has 9,973 users engaged. 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

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