Raiden Network Token Trading Down 10.8% Over Last 7 Days (RDN)

Raiden Network Token (CURRENCY:RDN) traded up 3.3% against the US dollar during the 24 hour period ending at 7:00 AM ET on October 14th. One Raiden Network Token coin can now be bought for about $0.66 or 0.00001147 BTC on popular exchanges. Raiden Network Token has a market capitalization of $44.16 million and $695,425.00 worth of Raiden Network Token was traded on exchanges in the last day. During the last seven days, Raiden Network Token has traded down 10.8% against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

  • OMG Network (OMG) traded up 0.4% against the dollar and now trades at $14.82 or 0.00025696 BTC.
  • Thunder Token (TT) traded 6.6% higher against the dollar and now trades at $0.0149 or 0.00000026 BTC.
  • Harvest Finance (FARM) traded 3.6% higher against the dollar and now trades at $172.22 or 0.00298678 BTC.
  • Mithril (MITH) traded 4.9% higher against the dollar and now trades at $0.0482 or 0.00000084 BTC.
  • ROOBEE (ROOBEE) traded up 4.2% against the dollar and now trades at $0.0058 or 0.00000010 BTC.
  • The Force Protocol (FOR) traded down 0.6% against the dollar and now trades at $0.0238 or 0.00000126 BTC.
  • Dracula Token (DRC) traded 0.5% higher against the dollar and now trades at $0.24 or 0.00000425 BTC.
  • ContentBox (BOX) traded 5.3% higher against the dollar and now trades at $0.0011 or 0.00000002 BTC.
  • Digital Reserve Currency (DRC) traded up 9.3% against the dollar and now trades at $0.0015 or 0.00000003 BTC.
  • Ubex (UBEX) traded 14.7% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.

Raiden Network Token Profile

Raiden Network Token (RDN) is a proof-of-stake (PoS) coin that uses the ETH Token hashing algorithm. It launched on March 8th, 2015. Raiden Network Token’s total supply is 100,000,000 coins and its circulating supply is 66,793,931 coins. Raiden Network Token’s official message board is www.medium.com/@raiden_network. The Reddit community for Raiden Network Token is /r/raidennetwork and the currency’s Github account can be viewed here. Raiden Network Token’s official website is raiden.network. Raiden Network Token’s official Twitter account is @raiden_network.

According to CryptoCompare, “The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments. It’s complementary to the Ethereum blockchain and works with any ERC20 compatible token. The Raiden project is work in progress. Its goal is to research state channel technology, define protocols and develop reference implementations. The Raiden Network is an infrastructure layer on top of the Ethereum blockchain. While the basic idea is simple, the underlying protocol is quite complex and the implementation non-trivial. Nonetheless the technicalities can be abstracted away, such that developers can interface with a rather simple API to build scalable decentralized applications based on the Raiden Network. “

Buying and Selling Raiden Network Token

It is usually not presently possible to buy alternative cryptocurrencies such as Raiden Network Token directly using U.S. dollars. Investors seeking to trade Raiden Network Token should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Raiden Network Token using one of the exchanges listed above.

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