Overview of RE (RE): price, market cap, and what you should know - Cryptocurrency news today

RE — an internet-based marketplace for insurance capital that connects capital providers with fully collateralized reinsurance activities through licensed insurance entities. The RE token functions as the governance tool of the Re protocol, allowing control over updates, technical rights, and other critical system aspects.

Price and Market Indicators

| Indicator | Value | | --- | --- | | Price (USD) | $0.9892 | | Market Cap (USD) | $157,880,939 | | Rank by Market Cap | 198 | | 24-Hour Volume (USD) | $695,721,221 | | 24-Hour High (USD) | $1.037 | | 24-Hour Low (USD) | $0.67705 | | Price Change Over 24 Hours (%) | +17.70% | | Price Change Over 7 Days (%) | N/A | | Circulating Supply | 159,600,000 RE | | Total Supply | 1B RE | | Max Supply | 1B RE |

What is RE

RE is the governance token of the Re protocol, which creates an internet-based marketplace for insurance capital. The protocol connects qualified capital providers with reinsurance activities conducted through licensed insurance companies. An important feature is the use of blockchain technology to verify collateral, reserves, and selected operational data in an open-access manner, enhancing transparency and trust.

The RE token is responsible for managing the development of the protocol, technical rights, committee formation, reporting standards, incentive policies, and governance procedures. At the same time, insurance contract signing, claims settlement, pricing, and other regulated operations remain within the competence of qualified professionals and licensed entities.

Price Dynamics

Over the past 24 hours, the RE price increased by 17.7%, rising from a low of $0.677 to a high of $1.037. The current price is approximately $0.989. The 24-hour trading volume exceeds $695 million, indicating high liquidity and investor interest.

Information on the price change over the last week is currently unavailable, making it difficult to assess long-term trends. However, the significant daily growth may indicate increased trading activity or positive news surrounding the project.

Key Facts

• RE is a governance token of the Re protocol, focused on insurance and reinsurance.
• The protocol uses blockchain to enhance transparency of collateral and reserves.
• RE allows holders to participate in decision-making regarding the protocol’s development and management.
• Capital providers are linked with licensed insurance structures.
• The 24-hour trading volume of RE exceeds $695 million, indicating an active market.
• The maximum token supply is limited to 1 billion RE.

Risks

Investing in cryptocurrencies, especially governance tokens, involves various risks. Price fluctuations can be significant and rapid due to market volatility. The lack of data on weekly changes complicates long-term stability assessment.

Additionally, the project operates in the complex insurance sector, which is regulated by laws and standards across different jurisdictions. This can impact operational activities and protocol development.

While the RE token governs the protocol, financial operations remain in the hands of professionals, reducing some operational risks but not eliminating market-related risks associated with cryptocurrencies.

FAQ

What is the RE token?

RE is the governance token of the Re protocol, which creates a marketplace for insurance capital using blockchain technology.

What is the maximum supply of RE tokens?

The maximum supply of RE is 1 billion tokens.

Can RE be considered a stable investment?

Like most cryptocurrencies, RE is highly volatile and associated with risks. The absence of long-term trend data makes stability assessment difficult.

This overview is not financial advice. We recommend conducting your own analysis and consulting with a professional before investing.

Source: www.coingecko.com