Request has been under a consolidation period after the token portrayed bullish momentum in August. The consolidation lasted for a while with but it has now begun surging upwards. The cryptocurrency began its bullish roll towards the end of November and despite volatile shifts, the trend has been largely bullish. At the time of writing, the cryptocurrency stands at a price level of $0.78. The price has increase by more than 53% during the past twenty-four hours while the weekly performance has recorded a phenomenal surge of 255%. The daily trading volume of REQ token has also surged by more than 250%. Currently, the token is going hot and should be on investors’ watch list.
Request – Growth journey
The request network has been under works since 2017 and the development team has been building something amazing – although they are not done yet. The project has achieved major milestones and will continue doing so as the roadmap planned for ahead shows some major developments to be expected from the network. The request Network is a payment request platform which also has the capabilities to detect payments on other blockchains. The platform is supported and backed by a Swiss-based not-for-profit organization. The team has been working on different kinds of decentralized application for salaries, expenses, invoices etc. ever since 2017 – with a strong focus on increasing the adoption of the technology.
The Request Network has seen a surge in activity since 2020. Transactions per month have been climbing upwards at a steady pace since the beginning of 2020 and the momentum has not been lost yet. This shows the growing popularity of the network as activity continues to surge upwards.
There are plenty of decentralized applications operating on the network. Currently, the most popular dApp is RequestdApp which is a web-based application. It helps more than 850 organizations to bill and pay in cryptocurrencies seamlessly. The application allows companies to manage their expenses, salaries and invoices in just a few clicks. Another application, Create.Request.Network, is geared towards powering pseudonymous payment requests. Some of the top names of the cryptocurrency market like The Sandbox, Maker, Aave and Fantom are the current users of the network which is a testament to the potential it carries.
Future outlook
Apart from the strong fundamentals, technicals also show a strong future outlook for Request token. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price level of $1.19 and reach towards $2.94 by 2026.
