Many DEX projects don’t stand the competition in the fast-growing crypto market. But nothing suspicious or negative is associated with Request Network. Despite its token losing its price recently, market analysts are still certain about the asset’s bright future. read our Request Price Prediction to see if it is a worthy investment option.
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Request Fundamental Analysis
Request Network is a decentralized payment system built on the Ethereum blockchain allowing anyone to request or send money through secure gateways. Request removes the necessity of an intermediary in the crypto transactions, thus making them cheaper, faster, and more secure.
When creating the payment request users define the exact amount and also where should the money go, but also can set the limits and conditions for the payment as well as convert it into an invoice. After customizing, the push-generated request can be sent anywhere and to anyone. The counterparty can pay the requestor invoice in just 1 click in a p2p manner. Payments can be made in Ethereum, BTC, DAI, USDC, etc.
The network provides an app with a set of financial instruments to manage all the crypto transactions.
Every detail of the request and transaction is recorded in the blockchain. Only the parties involved in the payment can access this data. Users are not required to reveal their personal or account information to anyone.
Request Networks processes transactions through the Ethereum blockchain or IPFS to achieve a maximum level of security, privacy, and ownership for the users. Due to the absence of third-party organizations’ transaction commissions are low and only exist to cover the cost of transferring the change on the blockchain. To comply with the different regulation rules all over the world, Request integrates all the legislation.
REQ is an ERC-20 deflationary Request Network utility token. It is needed to grant the performance and stability of the project. At the launch in 2017, the token had a supply of 1 billion and by now successfully decreased to 999,877,117. The token is available for exchange on the major platforms, including Coinbase, Binance, Crypto com, and even some decentralized exchanges.
Request Live Price Chart
After the bull run experienced by the crypto market at the end of May token went to the support level of $0.07, then grew almost to $0.09 at the beginning of June, and then went for the correction.
After that REQ chart stayed bullish till the beginning of July when the declining price started to stabilize at the level of $0.05 where it stayed till the beginning of August. The new turn of a crypto bull run affected REQ token that suddenly skyrocketed to $0.39 in the middle of August.
The token couldn’t maintain the same level for a long time and in 2 days the token lost about 30% falling to $0.21. It was followed by a series of surges and corrections with an overall bearish tendency. But at the end of November REQ price suddenly increased again hitting $0.7 - the highest point of this year for the asset.
In the last 7 days, the token lost 45% of its value and keeps declining, probably going into the new turn of a bearish market. Despite the recent performance, analysts still see a lot of potential in the asset and think that it will potentially grow in the next year.