REN: What’s the Latest Regarding its Price?
REN’s current price, at the time of this writing, is $0.05618 USD, down by approximately 0.02% from the day prior. The down day for REN yesterday was a reversal from the day before it, which puts its price at 3.2% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.04703 and $0.061847, 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 $44 million.
Daily Engagement Metrics Update
Over the past 24 hours, 182 transfers have been added to the blockchain recording transactions amongst holders of REN. In terms of estimating the number of holders, over the past day the total number of wallets holding REN has gone up by approximately 29. To provide context, we’d rank this token as 10 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of REN Faring?
The top 1,000 REN wallets hold over 96.62% of the token’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 3.23% of the currency’s money supply. Exchange ownership grew by -0.29% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.09% over that time period. REN’s smart contract owns approximately 0.01% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
The last activity date on REN’s GitHub repository occurred on today, October 22, 2019. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.33 per day, while the number of followers watching REN’s repositories is growing by 0.7.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers, came in at up 4 over the past day for REN. 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
