Often referred to as “PayPal 2.0,” Request Network is a new type of payment system platform that allows anyone to request a payment (an invoice request) for which the recipient can pay securely.
It is built on top of the Ethereum network, making it an ERC20 token. All information is stored in a decentralized authentic ledger. This results in cheaper, easier and safer payments. It also allows a wide range of automation possibilities.
Request Network is a decentralized platform that allows anyone to request P2P payments and makes business-to-business or business-to-client billing easier and cheaper. Request Network will certainly have an impact on existing online payment systems such as PayPal, Stripe and powerful credit card institutions (such as Visa, MasterCard, etc.) 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 recipient can decide to receive it in a specific currency.
Most projects will fail: some startups are created only to raise money and disappear, some would not handle the competition, but most are just ideas that look good on paper, but are actually useless for the market.
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REQ Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are many very bad ideas, and
there are many very, very bad ideas, and also some scams”
Request Network Coin (REQ) Future Prospects
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will REQ be in that 5%?
Very unlikely.
The use case is certainly interesting but the implementation is miserable. The team seems to be incompetent to pull out what they noted in their white paper. Add to that a very toxic and disappointed community, REQ seems to be going to zero, dying a slow death.
Most altcoins simulate activity to prevent accusations of fraud from holders, but they are well aware that their project is a dead end, a sinking ship with a crew that left it long ago. REQ looks like one of those projects.
Request Network Price Forecast 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
REQ Price Prediction 2025
Our forecast model sees REQ reaching $0.1093 in 2025.
How much will REQ be worth in 5 years?
The price of REQ in 5 years could be around $ 0.1592
Request Network Price Forecast 2030 – 2040
Which request will be valid in 2030?
Our forecasting model sees demand reaching $0.2733 in 2030.
Which request will be valid in 2040?
Our forecasting model sees demand reaching $0.5466 in 2040.
Will the demand replace/exceed/surpass Bitcoin?
No, the request will not replace or exceed BTC.
Can the request reach $1?
Yes, the demand can reach $1 by the end of 2022.
Can the request reach $10?
No, our forecasting model sees no chance for Request to reach $10 in the short or medium term.
Can the request reach $100?
No, our forecasting model sees no chance for the demand to reach $100 in the short or medium term.
Is it worth buying the request?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying the request.
Is Request a good investment?
The request is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will the request be worth?
For the short-term future, it could reach $0.1062. In the long term (8-10 years), it could jump to $0.2733 or even higher.
Why will the request be successful and go up in price?
The request has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that’s why our forecasting model sees demand rise to $0.2733 in 2030.
Why will the demand fail and decrease in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will the request go?
Our prediction model sees the price of requests explode and reach $0.5466 in the distant future.
What is the short-term forecast for Request?
The demand will reach $0.1062 over the next 90 days, which is a 21.2% change from the current price which hovers around $0.0876.
Can the request make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a millionaire in demand. But 100x price explosions are a common sight in crypto, so a $10k investment in Request could make you a millionaire.
Request
Price Prediction Today – What will be the price of Request Tomorrow?
The request will be around $0.0884 tomorrow.
