REQ Coin Should Be In Your Watchlist
Discailmare: I’m not a financial advisor. This is for educational purposes only. Do your own research before trading and investing. This article is not a buy signal. Trading and investing in cryptocurrencies and tokens are risky.
The total DeFi (Decentralized Finance) crypto market cap is over 150 Billion dollars at the time of writing. Besides being a great DeFi project, the 1Y chart of this is interesting as you can see. These kinds of coins need a lot of patience but the reward can be sweet. Based on the price action so far and analyzing different time frames I expect consolidation between 0.3 and 0.4 before the breakout and afterward, I expect the price to reach 1 and maybe 2 before it pulls backs again. Right now it’s just consolidating. I’m watching it every day for any news or momentum but I may just day trade or swing trade.
Due to the recent big drop in crypto market prices, I think more time is needed for a breakout but the bright side is that now the price is even lower so so the entry is even easier even though it was at a cheap price before.
REQ is the utility token of the request network founded by Christophe Lassuyt and Etienne Tatur. It was launched in 2017.
The following explanation is from the CoinMarketCap website.
Request Network itself is an Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means. It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies.
It is also available on the Coinbase exchange and this is an important sign of being legit, useful, and standard. when I want to get informed about a coin, I start with the CoinMarketCap website. Don’t just look at the charts when doing this. Explore different sections it has for each coin like key statistics, social, holders, wallets, market, ….
It is surprising to me that some people invest in coins without investigating the legibility of a coin.
I suggest following their Twitter account.
This is the link to their blog where you can find more information.
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