Rai Reflex Index (RAI) is the 725th largest cryptocurrency in the world by market cap, valued at $7,375,532. The current price of Rai Reflex Index is $2.745, which is -0.209% lower than yesterday. Prices have ranged between $2.78 and $2.74 over the past 24 hours. All prices are listed in US dollars and accurate as of March 28, 2023 07:03 UTC.
Rai Reflex Index price chart
Price over the past month
What is Rai Reflex Index?
Rai Reflex Index (RAI) is the native cryptocurrency of the Reflexer ecosystem, which can be best described as a platform that allows users to deploy their crypto collateral to devise reflex indexes. Reflex indexes are stable assets that are able to operate independently and are not pegged to any external commodity, akin to how the US Dollar is, i.e.
despite it being a tangible store of value (SOV) it does not have any asset backing it while being regarded as a monetarily stable medium of exchange.
According to the official project whitepaper whitepaper RAI is designed to serve as an ETH-backed reflex index that utilizes a “managed float regime”. What this means is that the trade rate of the RAI/USD pair is decided by its investor demand and supply ratio. To this point, the dynamics of RAIs tokenomics are managed by individuals generating the asset (using their ETH) as well as those individuals holding, speculating on the price of the asset.
How we keep this Rai Reflex Index guide up-to-date
- RAI price data is regularly updated through data feeds so you always have the latest information.
- Rai Reflex Index performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
Rai Reflex Index at a glance
Basic stats for Rai Reflex Index
#725
$7 M
3 M
3 M
Rai Reflex Index news
DigiToads and the Ambitious Plan to Become #1 on the Ethereum Network
Ethereum price analysis for 28 March 2023
Rai Reflex Index performance over time
Rai Reflex Index fundamental and technical analysis
Time frame
Movement
1 day
0.21%
1 week
0.62%
1 month
0.54%
2 months
1.08%
200 days
5.15%
1 year
8.59%
Social activity for Rai Reflex Index
Similar assets
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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