October 15, 2019: REN (REN): Up 2.94%; Anomalies In Holders Added And Transfers Added

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REN Price Update

REN is up by approximately 2.94% from the previous day, with its price currently hovering around $0.06486 USD. REN is currently in an up, and it should be noted that this is now the the 4th consecutive day that price has been up. Moreover, REN is now 7.7% 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 $0.040184 and $0.080265. Given its boundaries, rangebound traders may find it compelling to entertain selling, 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 $53 million.

What Anamolies Occurred Since Yesterday?

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

Straight Off the Chain

Yesterday saw 768 transfers amongst holders of REN. Regarding a tally of holders, Yesterday saw REN’s wallet count rise by 20. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 9 out of the 35 Ethereum tokens we’re tracking.

Observing REN’s Richest Wallets

The top 1,000 REN wallets hold over 96.71% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.52% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0%. REN’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.

How Active are the Software Developers?

The last activity date on REN’s GitHub repository was October 04, 2019, or about 11 days ago. 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.

REN’s Social Media Presence

If you are interested in following REN on social media, Twitter, where it has 9,829 following it, may be a good place to start. 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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