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Request Network (REQ) Price

Current price:

REQ Price 2020

REQ entered the big market in October 2017. The earliest price displayed on the CoinMarketCap’s page is $0,05378. The price had been trading around that figure until December. At that point, REQ started to grow in price and market cap. The rise continued to the New Year’s eve — on December 31, the price was $0,5316, which means a 1000% gain.

That trend continued in January 2018. It was the time of reaching the all-time high — it was $1,18 on the 6th of January. The price went into a bearish trend for the rest of the year. At the beginning of November, REQ went cheaper than the initial price and decreased even more dramatically. REQ was trading around $0,02 for the rest of the year.

The first half of 2019 was the period of fighting for support. The chart climbed to the $0,03 line and slid to $0,018 twice. In July, the price went even lower than it was and established between $0,008 and $0,019. That sideway continued for the second part of the year.

As of this article writing in December 2019, the current REQ price is $0,010229. CoinMarketCap displays $8 027 285 as the market cap’s worth which is #316 in the overall cryptocurrency ranking. The recent daily trading volume is $34 564,70. 784 749 077 REQ are in circulation at the moment while the maximum and total supply level are 999 983 984 REQ. The ROI that compares the current price and the initial one is −82,50%.

Request’s price predictions are quite positive these days:

  • Captainaltcoin crypto portal makes a prediction that states that REQ can reach $2 in 2023. Moreover, the same article predicts even higher levels in 2025.
  • Cryptoground is also positive in their forecast. On their website, the predicted 2020 price is $0.0235, and the price for 2024 is $0.7788.
  • Coinfan predictions portal published a forecast that expects REQ to establish between $0,1224 and $0,1564 in December 2020. The further table also marks significant gains: for example, the same material says that REQ will cost between $2,36 and $3,02 in December 2021.

This article must not be considered as financial advice, but it’s obvious that REQ will likely soar in the next year or two. The asset is definitely worth noticing.

What is Request Network (REQ)

Request Network is an Ethereum-based blockchain project designed to become a next-generation payment system. Its main emphasis is creating a platform that will be an alternative to PayPal. The project intends to be integrated with all the everyday financial services: banks, government, taxes and peer-to-peer transactions. The project is named ‘Request’ because one of the first features is transactions request similar to PayPal’s one. The roadmap of Request Network includes adding features of making invoices, B2B-services and many more.

The blockchain works with its native token called REQ. It is an ERC20-based cryptocurrency that allows using all the specter of Ethereum-based tokens as an exchange option inside the net. This token works with the proof-of-stake algorithm (also known as PoS), which means that users can earn profits only by holding the asset in the special wallet. REQ is required for paying operation fees for the blockchain’s services. The fees can vary depending on the processed block size.

The technical part of the project is quite original and makes its own ecosystem. There are three main parts of the Request Network:

  • The Core Layer. It is the blockchain itself that functions as the payment platform and features smart contracts running. On top of that, this layer can process information from outside the system with an Oracle service’s help.
  • The Extensions Layer. It is the platform for all the advanced payment schemes: B2B, government, taxes, invoices and so on. This layer works with the flexible algorithm that allows adjusting payments — for example, you can set it to send salary paychecks once a week instead of two weeks.
  • The Application Layer. This one works with out-chain software and networks. Any third-party applications can be integrated with the Request in order to manage invoices, payments or any other similar matters.

The team behind the project is a fintech company Moneytis. It is headed by Christopher Lassuyt and Etienne Tatur, two experienced professionals in financial and IT matters.

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