Request Network Price Prediction 2023-2030
Latest Request Price
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||100.0%||Higher|
Request Network Price Performance
- Last 1 Month: +53.9%
- Last 12 Months: -3.9%
- Since Launch (2017): +63.5%
Latest Request Network News
FLock and Request Network have forged a collaboration aiming to harness the vast amount of invoice data processed via the Request Network protocol. This partnership’s goal is to pioneer under-collateralized lending solutions. FLock addresses the challenge of credit scores by introducing soulbound tokens (SBT) associated with real-world IDs and deploying a machine learning-driven hybrid credit scoring system. Moreover, FLock and Request Network are working together to innovate within the DeFi space. Their combined efforts seek to redefine DeFi credit models, aiming to lower collateral requirements and boost the efficiency of financial transactions.
Request Price Prediction Today, Tomorrow and Week
- Request Price Prediction in the next 24 hours is between $0.0840 and $0.0904
- Request Price Prediction this week is between $0.0847 and $0.0911
|Overall Outlook||Partially Bullish|
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Bullish|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Higher|
Request Price Prediction 2023, 2025 and 2030, Aggregated
- Request Price Prediction 2023 is $0.18
- Request Price Prediction 2025 is $0.29
- Request Price Prediction 2030 is $0.89
Request Network Price Prediction: Is REQ a Good Investment?
Request Network focuses on transactions that are immutably recorded without the need for intermediaries. Various protocols, apps, tools and services have been built using Request, such as Request Finance which offers a consolidated platform for managing crypto transactions, and Huma Finance and Copra Finance, which provide financing options for invoices and on-chain income. The platform collaborates with key players in the decentralized finance (DeFi) sector, aiming to offer fluid financial experiences. With growing monthly activity, Request Network’s ecosystem is continually expanding.
The platform provides numerous use cases, one being The Sandbox, which streamlines crypto payroll for the metaverse entity. The platform supports payments and receipts in digital currencies across several networks including Ethereum, Polygon, Gnosis Chain, Celo, Fantom, and NEAR.
REQ is an ERC-20 token that powers the Request Network’s payment operations. It functions as a deflationary token; its initial supply was 1,000,000,000 and has decreased to 999,877,117. The tokens can be traded on mainstream cryptocurrency exchanges and decentralized platforms, allowing direct exchanges from personal wallets. When utilizing Request, users can create, share, or fulfill payment requests. They can define the receiving address, and amount due, and, if needed, add terms and conditions to upgrade the request to an invoice. All activities are recorded on the Request network, ensuring all parties can track invoices, receipts, and payments.
Behind the scenes, the functioning of the Request Network is intricate. The platform leverages decentralized networks like Ethereum and IPFS to enhance security, privacy, and data ownership. This involves transaction fees, which are a cost required for changes broadcasted to the blockchain. When a payment request is made using Request, there is an added fee when broadcasting it to the network. This fee is collected in xDAI tokens, later moved to the mainnet as DAI, and then swapped into REQ tokens via the Kyber Network. This decreases the REQ’s total supply. The token serves other purposes: it acts as an anti-spam mechanism by requiring a fee for creating a payment request or invoice, offers discounts on products, facilitates governance decisions in the network, and ensures the platform’s independence. Users can store REQ in recommended wallets, with MetaMask being one example.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.