The trading volume of RED TOKEN (RED) is $481,522.59 in the last 24 hours, representing a -17.00% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for RED TOKEN (RED) is $0.030005807043 , which was recorded on Sep 16, 2022 (6 months). Comparatively, the current price is -97.00% lower than the all-time high price. The lowest price paid for RED TOKEN (RED) is $0.000538602782 , which was recorded on Jan 26, 2023 (about 2 months). Comparatively, the current price is 65.00% higher than the all-time low price. Market capitalization of RED TOKEN (RED) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RED tokens (0 tokens are tradable on the market today). The community is bullish as more than 100% of users are feeling good about RED TOKEN (RED) today.
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There are two schools of thought in determining the price of RED TOKEN.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of RED TOKEN, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of RED TOKEN from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of RED TOKEN on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for RED TOKEN as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for RED TOKEN and the cryptocurrency market as a whole.
2. What is the highest price of RED TOKEN in history?
RED TOKEN achieved the all-time high of E£0.93 in 2022-09-16, and is currently trading at E£0.030.
3. What is the lowest price of RED TOKEN in history?
In 2023-01-26, RED TOKEN reached the all-time low of E£0.017.
4. Should I buy RED TOKEN now?
It is important to remember that RED TOKEN, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.