How Did REN’s Price Fare Yesterday?
At the time of this writing, REN has a price of $0.06301 USD, which puts it up by approximately 4.25% from yesterday. REN is currently in an up, and it should be noted that this is now the the 3rd consecutive day that price has been up. Moreover, REN is now 3.14% above its 20 day moving average. 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 $0.03968 and $0.082506. 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 currency’s market cap currently stands at $48 million US dollars.
Straight Off the Chain
Yesterday we did not see any transfers amongst holders of REN. As for the number of holders, yesterday saw the number of wallets holding REN fall by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 12 out of the 35 Ethereum tokens we’re tracking.
Just How Rich are REN’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 96.73% of the coin’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 3.49% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.03%. As for the REN’s smart contract itself, that owns 0.01% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
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 October 04, 2019, or approximately 10 days before. Over the past 30 days, we’ve seen no growth in open issues or in the number of watchers on GitHub. This may suggest GitHub is not being used, or the code is not being maintained.
What’s Going on Social Media?
In terms of social media presence, REN saw its Twitter followers go up by 4 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow REN on Twitter here.
Where to Buy
You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX.
Article by SixJupiter
