Raiden Network Token
Last modified on 11. October 2020
Quick Facts
In December 2017, Raiden Network Token was added to coinmarketcap.com to track its real-time trading data.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of Raiden Network Token during the first trimester of 2019 equated to over one m per day. Over the same time frame in 2018, this figure came to nearly US$ 12.1 m. The corresponding drop down in trading volume equated to 91.6 percent.
The average market capitalization during the first trimester of 2019 equated to nearly US$ 13.6 m. This figure came to nearly US$ 174 m during the same time frame in 2018. The corresponding drop down in market capitalization was 92.2 percent.
Trading Price
In the first trimester of 2019, the average trading price equated to over US$ 0.28. This figure came to just under US$ 3.76 during the same time frame of 2018. The price dropped accordingly by 92.5 percent.
The all-time high of Raiden Network Token in 2018
The Raiden Network Token currency climbed to a peak in January 2018 at US$ 8.84. At this trading price, the token reached a market capitalization of over US$ 399 million. This put Raiden Network Token around certain other digital currencies, such as Nxt, Cobinhood, DigixDAO, Syscoin and DigitalNote, among others.
Raiden Network Tokens all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 245 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 109 billion.
- Raiden Network Token (RDN): 0.399 bn US dollars
- Bitcoin (BTC): 245 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 109 bn US dollars
- Date: 9 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Raiden Network Token stood at just above US$ 0.31 with a market capitalization of nearly US$ 15.5 million. Compared with the highest trading price stated above, this represents a drop down to approximately 3.5 percent.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Raiden Network Token is not a native digital currency and is not generated via mining. It has no maximum number of tokens, unlike Huobi Token, for example. Those interested in the source code should also take a look at the GitHub page.
Raiden Network Token transactions currently in progress can be tracked using this block explorer, which also displays block height and other recent statistics.
Additional details about Raiden Network Token, including the white paper and other links to source code, community forums and social media channels can be found on raiden.network.
Markets
USD
A large market for buying or selling Raiden Network Token in USD is Bitfinex. One Additional trading platform for buying or selling Raiden Network Token in USD is Gate.io.
BTC
A large market for buying or selling Raiden Network Token in BTC is Binance. There are additional platforms where you can buy or sell Raiden Network Token, including Huobi Global, Exrates and Huobi Korea, among others.
Social Links
Take a look at the following social media channels to speak directly to the Raiden Network Token team:
1. Or 0.0063 percent, if omitting Bitcoin.