Raiden Network Token Trading Down 27.5% This Week (RDN)


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Raiden Network Token (CURRENCY:RDN) traded 10.8% lower against the dollar during the 1-day period ending at 0:00 AM ET on April 19th. In the last week, Raiden Network Token has traded 27.5% lower against the dollar. Raiden Network Token has a total market cap of $47.74 million and approximately $836,694.00 worth of Raiden Network Token was traded on exchanges in the last 24 hours. One Raiden Network Token coin can now be bought for $0.94 or 0.00001706 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • OMG Network (OMG) traded 13.6% lower against the dollar and now trades at $7.35 or 0.00013382 BTC.
  • Harvest Finance (FARM) traded down 7.6% against the dollar and now trades at $239.99 or 0.00437251 BTC.
  • Thunder Token (TT) traded down 14.5% against the dollar and now trades at $0.0171 or 0.00000031 BTC.
  • Mithril (MITH) traded 12.8% lower against the dollar and now trades at $0.10 or 0.00000186 BTC.
  • ROOBEE (ROOBEE) traded 0.7% higher against the dollar and now trades at $0.0135 or 0.00000025 BTC.
  • Dracula Token (DRC) traded down 6.2% against the dollar and now trades at $1.11 or 0.00002023 BTC.
  • The Force Protocol (FOR) traded 0.6% lower against the dollar and now trades at $0.0238 or 0.00000126 BTC.
  • Digital Reserve Currency (DRC) traded 15.8% lower against the dollar and now trades at $0.0091 or 0.00000017 BTC.
  • ContentBox (BOX) traded down 8.9% against the dollar and now trades at $0.0036 or 0.00000006 BTC.
  • BOX Token (BOX) traded up 4.5% against the dollar and now trades at $0.0452 or 0.00000082 BTC.

About Raiden Network Token

Raiden Network Token (CRYPTO: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 50,991,692 coins. Raiden Network Token’s official Twitter account is @raiden_network. The official message board for Raiden Network Token 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. The official website for Raiden Network Token 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 possible to buy alternative cryptocurrencies such as Raiden Network Token directly using US dollars. Investors seeking to trade Raiden Network Token should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Raiden Network Token using one of the exchanges listed above.

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