How Did REN’s Price Fare Yesterday?
At the time of this writing, REN has a price of $0.05837 USD, which puts it up by approximately 9.1% from yesterday. REN is currently in a down, and it should be noted that this is now the the 3rd consecutive day that price has been up. Moreover, REN is now 2.83% 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 $0.04864 and $0.064885. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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As for REN’s market cap, it is currently at about $47M US dollars.
REN’s Surprises of the Day
Since yesterday, REN saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Yesterday saw 274 transfers amongst holders of REN. Regarding a tally of holders, Yesterday saw REN’s wallet count jump by 43. If we observe percentage growth in holders and transfers, we find that REN ranks 7 out of the 34 Ethereum tokens we are tracking.
How are the Strong Holders of REN Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 96.51%. 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 3.16% of the currency’s money supply. Exchange ownership grew by -0.19% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.14% over that time period. As for the REN’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
How Much Development is Occurring?
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 25, 2019, or approximately 1 days before. 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 0.73.
The Latest on REN and Social Media
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
