How Did REN’s Price Fare Yesterday?
At the time of this writing, REN has a price of $0.0535 USD, which puts it up by approximately 5.5% from yesterday. The up day for REN yesterday was a reversal from the day before it, which puts its price at 4.34% below its 20 day moving average. Over the past two weeks, price has been in a down 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 $0.047107 and $0.064745, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying 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 $43 million.
What Anamolies Occurred Since Yesterday?
Since yesterday, REN saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 211 transfers amongst holders of REN. As for the number of holders, yesterday saw the number of wallets holding REN increase by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has REN ranked 11 out of the 41 Ethereum tokens we’re tracking.
Just How Rich are REN’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 96.57% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.21% of the currency’s money supply. Exchange ownership grew by -0.14% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.08% 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.
How Much Development is Occurring?
REN has been active recently on its GitHub repos, with its most recent code updates occurring today, October 25, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for REN are growing by 0.3 and 0.73, respectively, over the past 30 days.
The Latest on REN and Social Media
In the past day, REN’s Reddit subscribers went up by 1, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
