Payments platform Request Network’s token Request (REQ) is up 314% in the past seven days. It currently trades for $0.27.
Launched in 2017, Request Network lets users send, receive and fulfill invoices on decentralized networks. Businesses that accept crypto can invoice their clients through the automated platform, just like corporations do in the non-crypto world.
Its utility token, REQ, powers the network. The token has followed the listing process of every aspiring cryptocurrency: it traded on DeFi protocols like Uniswap first, then lesser-known centralized exchanges, and finally big shots like Coinbase.
Some of REQ’s sudden surge follows its listing on popular cryptocurrency exchange Coinbase yesterday. Once a coin is lined up for listing on Coinbase, its price often goes skyward; the recurring phenomenon is known as the „Coinbase Effect”.
The effect was first observed in 2017 after the prices of Bitcoin hard-forks Bitcoin Cash and Litecoin doubled following their listin
Źródło: https://decrypt.co/78548/request-network-token-up-314-in-week-amid-coinbase-listing
