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About Rai Reflex Index
Please note: Whilst this token may be described as a ‘stable’ asset its value is not designed to be pegged to any fiat currency (e.g. Pounds Sterling or US dollars) and its price may therefore fluctuate. This token relies on complex algorithmic arrangements and is collateralised by Ether (ETH), meaning its value could decline or become volatile. Please visit https://www.coinbase.com/asset-risks for more information on asset risks.
RAI is an Ethereum token. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it. The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Trading Insights
Market Stats
Market Cap
£1.11M
1.37%
FDV
£1.11M
Circ. Supply
526K RAI
Max Supply
No maximum supply
Total Supply
526K RAI
Total Value Locked
£2M
Diluted Valuation
£1.11M
Performance
Popularity
#1,750
Dominance
0%
Volume (24H)
£2.62K
73.42%
Volume (7D)
£30.64K
Volume (30D)
£71.74K
All time high
£70.23
Price Change (1Y)
48.4%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The price of Rai Reflex Index has decreased by 0.03% in the last hour and increased by 1.38% in the past 24 hours. Rai Reflex Index’s price has also risen by 0.35% in the past week. The current price is £2.12 per RAI with a 24-hour trading volume of £2.62K. Currently, Rai Reflex Index is valued at 96.99% below its all time high of £70.23. This all-time high was the highest price paid for Rai Reflex Index since its launch.
The current circulating supply of Rai Reflex Index is 526,442.919 RAI which means that Rai Reflex Index has as total market cap of £1,113,472.69.
Market details
RAI vs markets
↗ 108.57%
RAI vs BTC
↗ 103.09%
RAI vs ETH
↗ 153.86%
Tags
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919 | |
Avalanche C-Chain | 0x97Cd1CFE2ed5712660bb6c14053C0EcB031Bff7d | |
Optimism | 0x7FB688CCf682d58f86D7e38e03f9D22e7705448B | |
Polygon | 0x00e5646f60AC6Fb446f621d146B6E1886f002905 |
Price history
Time | Price | Change |
|---|---|---|
Today | £2.12 | |
1 Day | £2.09 | |
1 Week | £2.10 | |
1 Month | £1.55 | |
1 Year | £1.43 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Social stats
Popularity in posts
#3637
Contributors
0
Posts
0
% About Rai Reflex Index
0%
Articles
0
X (Twitter)
0% bullish
Sentiment
0.0 ★
Highlights
0 unique individuals are talking about Rai Reflex Index and it is ranked #3,637 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rai Reflex Index has an average sentiment score of 0.0 out of 5. Finally, Rai Reflex Index is becoming less newsworthy, with 0 news articles published about Rai Reflex Index.
On Reddit, Rai Reflex Index was mentioned in 0 Reddit posts and there were 0 comments about Rai Reflex Index. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.