REQ Price Analysis January 2023

REQ is a token of platform Request. Its current price is around $0.08851 at the time of writing, with a low of $0.06906, and it has a market cap of 85 million dollars.

What is Request (REQ)?

REQ is the coin of the Request platform, which is around $0.08851 by the time of writing, with a low of $0.06906.

It reached a high of $0.4106, and its current ranking is #177, according to CoinMarketCap, with a market cap of 85 million dollars. The REQ token is traded on mainstream and decentralized cryptocurrency exchanges, allowing you to swap them easily.

A request Network is an open network where requests are processed without a middleman.

Transactions are guaranteed through smart contracts, and all information about the request can be found publicly. In addition, the REQ token allows the Request network to be migrated and run simultaneously on multiple blockchains. This makes it independent from both the currency and the network.

REQ Coin Market Analysis 

REQ has a total supply of 999,877,117 coins worth around $0.08851 with a market volume of 1 million dollars, whereas the market capitalization is 85 million dollars at writing.

The Request Network project is one of the most talked about coins in the crypto space. With this in mind, it seems like a good idea to invest in it.

REQ Price Prediction

On the 1D timeframe, the price action of $REQ/USDT consolidates inside the descending triangle.

Currently, the price is moving below the resistance trendline of the triangle. Therefore, we must wait for a successful breakout or breakdown to confirm its next direction.

For any time, on-demand analysis on $DREP or any other coin can join our Telegram channel.

Req Price Analysis
REQ Price Analysis

Closing Thoughts

The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.

Pratyaksh
Pratyaksh

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