REQ crypto volume soars massively over 150%. Here’s why?

April 21, 2022 09:17 PM AEST | By Raza Naqvi

REQ crypto volume soars massively over 150%. Here’s why? — Image source: © Alexanderushkevich | Megapixl.com

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.

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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.

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.

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