REN Price Update
REN is down by approximately 5.27% from the previous day, with its price currently hovering around $0.06144 USD. REN is currently in an up, but it should be noted that this is now the the 2nd straight day that price has been down. Moreover, REN is now 3.11% above its 20 day moving average. In terms of an expected trading range, the Bollinger bands on REN suggest price may bounce between $0.040073 and $0.0791 based on its momentum and volatility over the past 14 days. 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.
Unusual Developments
The following metrics showed unusual change over the past 24 hours for REN: transfers added. Further investigation may be warranted.
Update on Transactions and Holders
498 transactions amongst holders of REN occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding REN has gone up by approximately 16. To provide context, we’d rank this token as 8 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing REN’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 96.71% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.52% of the currency’s money supply. Exchange ownership grew by 0% 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 0.01% of the total money supply; over the past week, this amount has not changed.
The Latest on REN and Social Media
Social media growth, in terms of Twitter followers, came in at up 6 over the past day for REN. If you are interested in following REN on social media, Twitter, where it has 9,835 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
