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 Price Prediction: Can Request Crypto Hit $10?
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Table of Contents
Request Fundamental Analysis
Project name
Request
Stock Symbol
REQ
Current Price
0.0915918771600413
Current Supply
999702434.185527
Launch Date
2017
Official Website
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.
Request Technical Analysis
Despite the fact that 100% accurate technical analysis for Request cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated REQ buy-and-sell rating for selected timeframe. The summary for REQ/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Request Price Prediction
Below we have collected the most reliable price projections for Request (REQ) from popular forecast platforms.
Request Price Prediction for 2023
As of the beginning of 2023, Request price predictions are mostly pessimistic, predicting a decline to $0.08884 (WalletInvestor) and even lower, down to $0.0458 (according to TradingBeast) by the end of 2023.
Potential ROI:
-32%
Sell
Request Price Prediction for 2024
In their Request price predictions for 2024, PricePrediction.net’s forecasts the coin’s price to go above $0.1218 by December. Forecasting Request's future, WalletInvestor expects further growth, too, saying the Request price will reach ~$0.1555 by that time. On the contrary, TradingBeast keeps predicting Request price decline, quoting prices around ~$0.03938 in 2024.
Potential ROI:
15%
Buy
Request Price Prediction for 2025
Request price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0.006219–$0.0126 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.12 in December 2025.
Potential ROI:
-49%
Sell
Request Price Prediction for 2026
TradingBeast has only pessimism in store for the 2026 Request price prediction, valuing Request at $0.01512 by the end of 2026. WalletInvestor agrees with a negative forecast and predicts, in turn, $0.002363 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their Request price prediction for December of this year is just $0.152.
Potential ROI:
-38%
Sell
Request Price Prediction for 2030
Most experts are expecting a bleak future for Request: long-term Request price predictions promise significant decline by 2030. PricePrediction.net predicts the price to reach $0.07144, while TradingBeast goes down for $0.001664. WalletInvestor also puts not so big hopes on Request in the long term: its Request prediction for 2030 is $0.00104.
Potential ROI:
-73%
Sell
Summary
As it can be clear from the analysis cited above, Request (REQ) projections are rather contradictory. There is no universal consensus either about positive or negative future REQ price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Request projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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