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Highlights
- The price of Request (REQ) crypto surged 4.2 per cent in the last 24 hours to US$ 0.2353 per token.
- The REQ crypto's all-time high was US$ 1.18 apiece on January 6, 2018.
- Initially, the supply of the REQ crypto was 1 billion tokens, and it decreased proportionally to 999.87 million REQ tokens.
Amid a recovering crypto market, the price of Request (REQ) crypto surged 4.2 per cent in the last 24 hours to US$ 0.2353 per token. Meanwhile, the 24-hour volume of the virtual currency was up by 165.3 per cent to US$ 28.8 million.
The global crypto market cap increased to US$ 1.94 trillion after recording an increase of 0.64 per cent over the previous day. Also, the total crypto market volume increased by 11.7 per cent in the last 24 hours to US$ 95.08 billion.
According to CoinMarketCap data, Bitcoin dominance was 41.38% after recording an increase of 0.42% over the previous day.
The price of Bitcoin and ETH was up by 1.1 per cent and 0.1 per cent, respectively.
What is Request (REQ) crypto?
It is a decentralized network that allows users to request a payment, and the recipient can pay securely. As per the project's whitepaper, the information is stored in a decentralized ledger that provides faster, more secure, and cheaper transactions.
Christophe Lassuyt and Etienne Tatur founded request Network, and its native utility token- REQ crypto, was launched in 2017. The virtual currency helps to keep the network stable.
For increased security and data privacy, the Request Network uses decentralized blockchains like Ethereum and the InterPlanetary File System (IPFS).
Notably, the Request Network does not charge a transaction fee, which is generally required to change the blockchain network.
Also Read: What is Dallas Cowboys crypto? All you need to know
Initially, the supply of the REQ crypto was 1 billion tokens, and it decreased proportionally to 999.87 million REQ tokens.
The REQ crypto's all-time high was US$ 1.18 apiece on January 6, 2018, and its all-time low was US$ 0.004651 per token on March 13, 2020.
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Bottom line
The surge in the price of the cryptocurrency was not due to any particular reason, and it could be due to overall growth in the crypto market. The REQ crypto is listed on multiple cryptocurrency exchanges like Uniswap, Binance, Coinbase, Huobi Global, Bitfinex, and gate.io.
As the crypto market is volatile, the prices of cryptocurrencies keep fluctuating, and it is necessary to take due diligence before buying virtual currencies.
Also Read: Zilliqa (ZIL) crypto soars amid rising market. Here's why
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