Often referred to as “PayPal 2.0,” Request Network is a new type of payment system platform that allows anyone to request a payment (a Request Invoice) for which the recipient can pay in a secure way.
It is built on top of the Ethereum network, making it an ERC20 token. All of the information is stored in a decentralized authentic ledger. This results in cheaper, easier, and more secure payments. It also allows for a wide range of automation possibilities.
Request Network is a decentralized platform that enables anyone to request P2P payments, and makes business to business or business to client invoicing easier and cheaper as well. Request Network will definitely impact existing online payment systems such as PayPal, Stripe and powerhouse credit cards institutions (like Visa, MasterCard, etc.) by providing a cheaper and faster alternative.
Another thing to note here is that the Request Network is designed to work with any currency, fiat and crypto, and the receiver can decide to receive it in a specific currency.
Captain Altcoin’s REQ Price Prediction for 2020
REQ, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, REQ can hope for one as well.
Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by REQ as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see REQ at least doubling its end of 2019 price value.
Of course, we speak about REQ price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and REQ will be worth less Satoshis by the end of 2020.
The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.
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When Bitcoin goes up swiftly, it will likely:
- Suppress or depress altcoins as money flows into Bitcoin;
- Or, take altcoins along for the ride
In cases when Bitcoin plunges, it will likely:
- Depress altcoins as money flows into fiat;
- Or, cause altcoins to boom as money flows into them, but this is rarely the case.
When Bitcoin moves sideways, it will likely:
- Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;
- Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.
To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.
Overall, the price change of any altcoin token is explained by the dynamics of the bitcoin-influenced market. However, there are also fundamental reasons for the individual token rise and fall in price, which can be pinned down to a big tech upgrade or more often, big partnership.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Check out our guide on the next big cryptocurrency.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
Request Network Coin (REQ) Future Outlook
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will REQ be among those 5%?
Use case is definitely interesting but the implementation is miserable. The team appears to be incompetent to pull off what they jotted down in their whitepaper. Add to that a very toxic and disappointed community, REQ seems to be heading to zero, dying a slow death.
Most of altcoins simulate activity to prevent exit-scam accusations from holders but they are well aware that their project is a dead end, a sinking ship with a crew that left it long time ago. REQ looks like one of those projects.
All of this summed up means one thing: REQ might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect REQ will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
Market prediction for Request Network – REQ Price 2020
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
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Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the REQ price, which will give us another point of view to consider:
Cryptoground.com is cryptocurrecy prediction algorithm that is moderately bullish on most of coins, similarly on REQ token as well. The forecast REQ to climb up to $0.09 per token by EOY, which means a 4-5x increase in comparison to the current price.
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins, including REQ. According to them, REQ is expected to drop and be two times less valuable $0.012 per token in one year.
Trading beasts is much more bullish on Request Network token and forecasts that REQ can climb to around $0.19 within a year which means it will essentially grow 10x in value in the next year.
Digitalcoinprice gave a moderately optimistic prediction saying that by 2020 end, REQ might be worth two times more than now – around $0.05 per token.
Request Network Coin Future: 2020, 2023, 2025
REQ Price Prediction 2020
REQ Price Prediction 2023
REQ Price Prediction 2025
Realistic REQ Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com