REN Price Update
REN is down by approximately 1.74% from the previous day, with its price currently hovering around $0.05071 USD. This marked the the 2nd straight day REN has been down; it is still in a downtrend, and is currently 8.53% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on REN suggest price may bounce between $0.046789 and $0.064085 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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The currency’s market cap currently stands at $41 million US dollars.
Daily Engagement Metrics Update
Yesterday we did not see any transfers 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 down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 11 out of the 35 Ethereum tokens we’re tracking.
Observing REN’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 96.58% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.18% 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.17%. The underlying smart contract itself for REN owns 0.01% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
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 24, 2019 (today). Over the past 30 days, we’ve seen open issues across REN’s GitHub repositories grow by 0.3 per day on average, while the number of watchers has grown by 0.73.
What’s Going on Social Media?
In the past day, REN’s Twitter followers went up by 4, respectively. Traders interested in following REN has the biggest presence on Twitter, where it has 9,862 users engaged. Here is the Twitter page for REN.
Where to Buy
You can trade Republic Protocol, listed under the symbol REN, through the following exchanges: Yobit, Binance, DDEX.
Article by SixJupiter
