Raiden Network Token Price for today is $1.20669699346832. Its current circulating supply is RDN 99,999,999 with a market cap of $61,531,521.
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Currently, Raiden Network Token (RDN) is trading at $1.2067 with RDN price 6.34499305% down today. The market cap of Raiden Network Token is USD 61,531,521 with 50,991,691 rdn circulating currently. The 24-hour price movement chart indicates that $2,497,501 worth of RDN were trading. The price peaked to $0.2324 in the last 24 hours while the lowest price was $0.2194.
Raiden Network Token price prediction suggest that the Raiden Network Token price is up for a long-term 539.980711% in the RDN price value with a 5-year investment. This means that in the year 2023, the Raiden Network Token price is forecasted to stand at $7.722628 . You can keep track of Raiden Network Token’s progress by adding it to your wallet portfolio.
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As a viable alternative to fiat currency, cryptocurrencies such as Bitcoin and Ethereum has attracted investors seeking better returns on their currency investment. For the benefit of such investors, CoinSwitch provides the right platform that aggregates 300 cryptocurrencies including the Raiden Network Token (or RDN). The platform showcases the best trading prices from the best of cryptocurrency exchanges around the globe. By presenting a real-time comparison of the RDN price across exchanges, investors can use the CoinSwitch online platform to buy Raiden Network Token and perform trading in the RDN cryptocurrency.
Listed for trading on cryptocurrency exchanges such as Huobi and Binance and CoinSwitch, investors can buy RDN and store them in the Raiden Network Token wallet such as the MyEtherWallet or on hardware wallets such as Trezor that supports the Ethereum blockchain. For trading of cryptocurrencies, investors must have a unique cryptocurrency digital wallet address, which needs to be specified during RDN coin exchange. As a policy, CoinSwitch provides the digital wallet address neither does it request for the private key of the trader's digital wallet.
As the native currency of the Raiden Network, the RDN protocol is designed as a faster and more scalable mode of achieving token transfers for Ethereum. Designed to complement (and not compete against) Ethereum, RDN allows for utilisation of the Ethereum-compatible tokens (ERC-20). The RDN technology works between the blockchain layer and the Ethereum basic framework to transfer tokens without the involvement of a global consensus protocol that can reduce the network scalability.
The Raiden Network Token is part of the Raiden Network Project and is being currently developed by the Germany-based Brainbot Technologies, a software technology company dedicated to developing protocols for blockchain technology.
Since its inception in the year 2015, RDN has emerged as the core blockchain infrastructure project aimed to improve the scalability and capacity of the Ethereum platform for increased market adoption. According to the company’s official statement, 34% of the RDN coins are retained by Brainbot Technologies, while 16% are being used to fund the Raiden Network project.
If you are new to crypto trading, it's always advisable to learn about, what is Raiden Network Token, it's benefits and indicative return on investment.