Request Coin: Worth Investing Or Just Another Crypto?

Request Crypto (REQ) is a utility token created to ensure the stability and performance standards of the Request Network, a decentralised payment system built on the Ethereum blockchain. It has been around since 1997 but has mostly traded for just a few cents per token. However, it gained a major boost in interest after being added to the Coinbase exchange.

The Request Network allows users to send or receive money seamlessly and securely, without third-party oversight, which reduces transaction costs and enables the protocol to complete transactions faster.

The Request crypto seems to be a viable investment option, given the bullish run it has enjoyed since August. According to market analysts, investing $100 in REQ could yield a profit of around +301.34% in the next five years, provided the market forces remain positive.

However, it is important to note that the competition in the payment processing industry is stiff, and there are many other companies operating in the crypto space.

Request Crypto's (REQ) listing on Coinbase

Request Cryptos (REQ) listing on Coinbase

Request Cryptos (REQ) has been listed on Coinbase, the largest crypto exchange in the US, since August 12, 2021. This listing has brought a lot of interest and excitement from investors and fans, as it will expose the crypto to significant investor exposure, potentially boosting its demand and value.

The Request Network

The Request Network is a decentralised payment system built on the Ethereum blockchain. It allows users to request or send money through secure gateways, removing the need for intermediaries in transactions. This makes transactions cheaper, faster, and more secure. The network works with all kinds of currencies, from crypto to fiat, and transfers can be made from dollars to Korean won and everything in between.

The Request Crypto

The Request crypto is the utility token of the Request Network. It was created to ensure the stability and performance of the network. The token is currently trading at around $0.23 with a 24-hour trading volume of over $142 million. It has a live market cap of over $232 million and a circulating supply of 999.88 million coins.

Price Predictions

Some market analysts predict that investing $100 in REQ could yield a profit of around +301.34% in the next five years, turning $100 into $401.34 by 2026. Others predict that REQ could hit $0.35 in the next year if the current positive momentum is maintained.

Competition

While the Request Network and the Request crypto have a lot of exciting engineering behind them, they do face stiff competition from other payment processing companies, both legacy and crypto. This includes Visa, Square, PayPal, Circle, Solana crypto, Telcoin, Coinbase Commerce, Electroneum, BitPay, and CoinGate. However, Request crypto stands out for its business-to-business applications and could be an exceptional tool for freelancers working globally.

REQ's price prediction

REQ's price has been volatile, with a significant spike in August 2021, when it gained about 50% in 24 hours to trade at around $0.35, surging by more than 400% over the week. This spike was attributed to its listing on Coinbase, which generated significant investor interest.

Since then, REQ's price has been on a downward trajectory, and as of August 2024, it is trading at around $0.11, with a 24-hour trading volume of $3,526,563.

Given the highly speculative nature of cryptocurrency investments, it is challenging to predict REQ's price with certainty. However, based on market analysis and expert opinions, here is an outlook for the coming years:

• 2024: According to some experts, REQ's price is expected to reach $0.26 by the end of 2024, with potential highs of $0.27 and lows of $0.23.
• 2025: 2025 is predicted to be a turbulent year for REQ, with prices ranging from $0.0043 to $0.292. WalletInvestor predicts a breakthrough, leading to a price rise to $0.292.
• 2026: Predictions for 2026 remain positive, with analysts expecting prices in the range of $0.2499 to $0.413. Cryptopolitan's REQ price forecast for 2026 estimates a minimum value of $0.49 and a maximum price of $0.60, with an average forecast price of $0.51.
• 2027: For 2027, the predictions continue to show growth, with PricePrediction.net and WalletInvestor forecasting prices of $0.1569 and $0.581, respectively, by the end of the year.
• 2030: Long-term predictions for REQ turn more bullish, with PricePrediction.net predicting a price of $0.1511, TradingBeast forecasting $0.1787, and WalletInvestor anticipating a significant jump to $0.4997.
• 2032: Cryptopolitan's REQ price forecast for 2032 estimates a minimum level of $4.80, a maximum level of $5.83, and an average trading price of $4.98.

It is important to remember that cryptocurrency markets are highly volatile, and these predictions should be treated with caution. Conduct thorough research and assess your risk tolerance before investing.

The competition

Request Network (REQ) is a payment-focused blockchain company with a blockchain-based invoicing service that simplifies requesting and receiving payments. Its main competitors are Ripple, Stellar Lumens, and Alchemy Pay.

Ripple is a distributed ledger that acts as a real-time gross settlement system, currency exchange, and remittance network. It is a fast, low-cost, and more secure alternative to existing payment systems.

Stellar Lumens is a blockchain-based distributed ledger that facilitates cross-asset transfers of value. It is designed to connect banks, payment systems, and people to move money quickly, reliably, and at a low cost.

Alchemy Pay is a blockchain-focused company that provides a hybrid fiat and cryptocurrency gateway solution for businesses and institutions. It offers a comprehensive range of payment options, including fiat-to-crypto, crypto-to-fiat, and crypto-to-crypto transactions.

Compared to its competitors, Request Network stands out for its focus on decentralised payment systems, allowing users to send or receive money seamlessly and securely. It also provides a unique feature of automating recurring payments and invoices, simplifying the interaction with the blockchain.

While Request Network has its advantages, it is built on the Ethereum blockchain, which may limit its compatibility with other blockchain platforms that do not use ERC20 tokens. Additionally, its competitors may have different features or specialisations that cater to specific use cases or user preferences.

In conclusion, Request Network faces strong competition from established blockchain companies, each with its own unique selling points. The success of Request Network will depend on its ability to differentiate itself, continue innovating, and capture a dedicated user base in the decentralised payment systems space.

Request Network's features

Request Network is a decentralised payment system built on the Ethereum blockchain. It allows users to send and receive money through secure gateways. Here are some of its key features:

Secure and Private Transactions

Request Network ensures that transactions are secure and private. It removes the need for third-party oversight, reducing transaction costs and speeding up the process. Each step of the transaction is stored on the Request Network, making it easy for both the payer and the payee to keep track of payments, receipts, and invoices.

Global Currency Support

The network supports a wide range of currencies, including cryptocurrencies like Ethereum, BTC, DAI, and USDC, as well as fiat currencies such as dollars and the Korean won. This makes it a versatile option for users around the world.

User-Defined Payment Requests

When creating a payment request, users can define the exact amount, the recipient's address, and any payment terms or conditions. This level of customisation allows for simple payment requests or more complex invoices.

Compliance with Trade Laws

Request Network has incorporated laws from around the world to ensure compliance with international trade regulations. This is an important feature for businesses and helps streamline tax filings.

Low Transaction Commissions

By eliminating the need for third-party organisations, Request Network keeps transaction commissions low. These commissions only exist to cover the cost of transferring funds on the blockchain.

Overall, Request Network offers a user-friendly, secure, and compliant way to send and receive payments globally. Its features make it a strong competitor in the payment processing space, particularly for business-to-business applications and freelancers.

Should you invest in REQ?

Request (REQ) is a utility token that powers the Request Network, a decentralised payment system that runs on the Ethereum blockchain. The Request Network allows users to send and receive money without the need for third-party oversight, reducing transaction costs and increasing the speed of transactions.

The Request Network has several unique features that make it stand out from its competitors. Firstly, it is built on the Ethereum blockchain and uses ERC-20 tokens, making it accessible to anyone in the world without any fees. Secondly, the network has incorporated laws from around the world, ensuring compliance with international trade laws and reducing the paperwork needed for tax filings.

The REQ token has been around since 1997 but has mostly traded for just a few cents per token. However, in recent years, it has gained more attention and experienced a surge in value, with a 362% uptick in volume in 2021. This was partly due to its listing on major cryptocurrency exchanges such as Coinbase, Binance, and Huboi Global. As of 2021, the token was up by 18.18% in the last 24 hours and was trading at US$0.2324, with a live market cap of US$232,420,661.

Market analysts have predicted that investing $100 in REQ could yield a profit of around +301.34% in five years, resulting in a value of US$401.34 by 2026. Other predictions suggest that the token could reach $0.35 in 2022, $0.36 in 2026, $1.16 in 2029, and $3.66 by 2032.

However, it is important to note that the cryptocurrency market is highly volatile, and predicting prices is challenging. While some analysts are optimistic about REQ's future, others have offered more pessimistic predictions. For example, Wallet Investor has termed REQ as a "bad long-term investment", expecting the price to fall by over -91.284% in one year.

Additionally, the competition in the payment processing space is stiff, with companies like Visa, Square, PayPal, Circle, and Solana crypto already established in the market.

Overall, REQ could be a good investment for those looking to build a long-term portfolio, especially if the Request Network continues to gain traction and adoption. However, as with any investment, there are risks involved, and it is essential to do your own research before making any investment decisions.

Frequently asked questions