The web has been disseminating copious information on a dynamic blockchain platform and its usability and security-related features. Time and again, the hybrid consensus mechanism of blockchain and various tokens revolving around it has also been in heated discussions. However, very few networks have actually gone into the depth of addressing the interoperability issues that pose various bottlenecks for the trading community. Before we dig into the Ren price prediction, let us have a look at some of the details regarding the coin.
REN Overview
Cryptocurrency
Ren
Ticker Symbol
REN
Price
$ 0.077285
Price Change 24h
-8.84%
Price Change 7d
4.03%
Market cap
$ 77,468,222
Circulating Supply
1,000,000,000 REN
Trading Volume
$ 18,204,445
All time high
$1.83
All time low
$0.01548
REN ROI
-3.13%
A cryptographic method that has fundamentals of zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction that is authentic and rapid.Welcome to the decentralized Finance New Avatar – Ren!
REN (REN)
$ 0.077285 Trade Now
What is REN Crypto?
What is REN Crypto?It all began with two classmates at Australian National University by the name of Taiyang Zhang and Loong Wang deciding to work for a novel enterprise post their graduation. Soon their own-founded software company started programming for trading algorithms, becoming renowned for the expertise. The first hedge fund Virgil Capital for which Zhang sweated him the break needed.
During this journey, he also witnessed the enormous challenges and bottlenecks the investors faced while trading in cryptocurrencies. He also observed that the core reason for these hurdles was that transactions being public on blockchain also included OTC purchases, and that also governed the volatility in prices. A large exchange to wallet-misleads the investors while posing trouble in OTC trading. Wealthy investors were the worst hit. So, became the genesis of REN, a compulsive origin.
Defining REN: Reliability Encased Network
Zhang decided to have the framework of Ethereum, ETH-20, for REN as an obvious choice because it thought it gave the ultimate solution for the OTC problem: the Republic protocol. Knowing Wang’s experience in coding distributed database technologies, including the invention of a coding language for blockchain, Zhang collaborated with him to redress blockchain interoperability issues.
And so, in the summer of the year 2017, the Republic Protocol was born, intended to devise a protocol for independent crypto-asset blockchains to communicate effectively. Also, having the potential of non-disclosure and complete transparency, REN moved on to become the single open protocol that facilitated movement between blockchains.
RENVM: Interoperability Redefined
To understand REN, it is essential to understand what “Dark Pool” means. As the name justifies, the pool means the purchase and the dark means anonymous. Investors can get misled in OTC markets by buying a big amount of assets anonymously.
The central platform around which Ren operates is called RENVM, i.e., Ren Virtual Machine. All exchanges that happen on Ren across blockchains have a RENVM advantage. The Nodes are empowered by RENVM to calculate, authenticate, and process the cross-chain crypto instructions. These nodes are called “Darknodes”. The entire ecosystem of these works around a scientific algorithm that distributes the orders in small segments so that the nodes are not made aware of the entire amount of transaction. This enhances security, especially because RENVM operates on Ethereum, and all transactions on processed using ERC-20.
So primarily, the token REN has two operations to perform: One, to pay the trading fees for orders made on RENVM, and two, to pay bonds to the “Registrar”, a smart contract that manages Darknodes in the Ren ecosystem. Decentralization gets assured through smart contracts, and so is stability guaranteed via RENVM.
In contrast to zero-disclosure and being an open-source, RENVM SubZero facilitates transactions entirely in a decentralized and trustless manner eliminating the possibility of any outsiders or middlemen. The crypto assets tokenized via RENVM are renBTC, renBCH, renZEC, etc., and these are also inter-transferable to the actual cryptocurrency BTC, BCH, ZEC, etc.
Additionally, RenVM is so conceptualized that it can be integrated by coders into other blockchains like Tezos. Talking about the advancements made in 2019, Wang tweeted on Medium, stating,” Official name of Republic Protocol is now REN. This shall be a landslide development in the history of REN wherein the entire pivot moves from decentralized dark pools to decentralized interoperability for blockchains.” Further developments included moving from the RENVM mainnet, named SubZero, to Chaosnet.
The last year was tough; however, not for REN. In 2020, REN focused on signing significant alliances, a consortium of DeFi companies, and projects.
Ren Partnerships
Jurisdictions around the world are scurrying to put into place legislation and regulations to allow or make it easier for companies to carry out initial coin offerings (ICOs) or token issuances. In essence, REN is not governed by any regulator. It is rather a peer-to-peer community-governed computer network made up of users’ machines or “nodes” weathering all monetary recessionary storms.
The Board of REN realized that the mere individual functionality of operation is not sufficient and that growth means spreading wings. So renowned names like Kyber Network, MATIC, Polychain Capital, and IDEX got added to take the protocol to elevated levels.
These partnerships guaranteed utility and security and further enhanced RENVM. It would not be an overstatement to say that these alliances brought a constant array of users, investors, and developers to the REN project.
Ren Use Cases: Transforming Preaching Into Practice
The entire ecosystem of the REN project is open source. Capitalizing on the plus points of Bitcoin and Ethereum, REN ensures crystal-clear transparency and complete transaction confidentiality in the network. Even though transactions are recorded in the general blockchain, neither the sender nor the recipient and not even the amount transferred is in any way apparent to other users on the network.
The entire framework relies not on zero-disclosure evidence but on Sub-Zero via RENVM, thereby allowing mathematical consistency of the entire transaction procedure, which is cross-checked without revealing any data or message on the other party involved in the transaction. Putting the power ultimately in the hands of the user, REN has regular upgrade schedules, which means this protocol is adaptable to meet the varied use cases of today, as well as the unforeseen use cases of tomorrow.
REN can trap fraudulent or spurious transactions by peers wherein a confirmed block is capable of tracing the preceding block. REN is based on cryptographic methods that are reliant on sub-zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction, which is cross-checked without revealing any data or message on the other party involved in the transaction. Hence, security obstacles are arrested first. A salient characteristic that stands out in this protocol is that it ensures liquidity and ensuring the lightning-fast speed of transactions on the network.
Hence, the RENVM enables the following functionalities creating a lot of value for both end-users and dark node owners. Some of the few assumptions are given below :
1) An Embeddable, Universal Web Wallet
UX: This stands for a universal wallet that you can create for any sort of crypto asset. Here the public and private keys are stored and governed on the REN network. Like any other wallet, this, too, is accessible with a username, password, and a connection to the Ren network. Upon creation, investors can reach their funds through an in-page UI component similar to MetaMask, but you wouldn’t need a Chrome plugin pre-installed, and it wouldn’t be limited to Ethereum.
Darknode Revenue: REN also has made a provision regarding the fee system. Whenever RENVM’s new fee system collects fee-moving funds, multiple wallet features are put into place, like fast transfers, instant pick up, etc., apart from dark pool trading.
2) An Enhanced DEX
UX: A simplified and user-friendly trading interface UI can be created by developers, thereby adding a liquidity pool on RenVM. Giving instructions to RENVM and post-authentication at a fixed price, the funds are swapped by the pool from one RenVM-controlled wallet to another.
Even though this function seems similar to other centralized exchanges, the difference here is that you are the master of your own funds, and the pool is governed by network-controlled compute logic, not a company. Another advantage here is that you can trade in innumerable currencies and all within rapid-fire processing.
Darknode Revenue: A unique feature of the RENVM exchange is that it has multitudinous trading benefits, all packed into one. Apart from enabling chapter transaction costs in comparison to other exchanges, RENVM-based exchange minimizes the settlement time and offers a plethora of other currencies for inter-credibility. Hence the entire ecosystem of REN goes beyond just conventional OTC to more traditional spot or margin trading.
REN ICO: Not to Be Out of Sight
REN, too like other financial offerings, is making headlines for ICOs (Initial Coin Offerings) It started making headway in the year 2018 when it was Republic Protocol. It introduced two offerings: one, which was a private ICO in January, raising 28 million USD. The main public ICO staged its performance just a few days later, in February 2018, raising 4.8 Million USD.
The main reason for investors to be lured into buying REN was a meagre price of 3 cents per token. You would be surprised it took a supply of more than 1 billion tokens to be sold.
REN (REN)
$ 0.077285 Trade Now
Ren: Technical Analysis & Price History
Ren: Technical Analysis & Price HistoryNo wonder the history of REN price has been reasonably predictable. As aforesaid, REN ICO to the public, which was below 4 cents, made a dazzling debut shooting the price in May 2018 to $0.13. However, by winter 2018, the price of REN/USD fell to $0.015, which was just 1/4th of the initial ICO price of REN.
Bitcoin racing up to become a public choice in 2019 gave momentum to altcoins prices, including the price of REN, and it touched a high of $0.15. Later, in 2021, the REN token price registered an all-time high of $1.83 and then marked a roller-coaster ride as it fell to $0.3 & again recovered to hit $1.16. After hitting this level, REN showed a continuous correction till the end of last year. Moreover, REN/USD price is still struggling at around $0.1033
REN (REN)
$ 0.077285 Trade Now
REN Price Prediction: Market Sentiments
REN Price Prediction: Market SentimentsREN, as a token, has been making significant price changes in the market. Listed on a majority of exchanges, the token shows a market cap of $103,233,192 and is currently having a circulation of 999,037,500 REN in the market. At the time of writing this article, the current price of REN is trading around $0.1033.
Even though many experts consider that the coin might record a price increase in the upcoming years. There are many who devaluate this digital asset which is a choice for millions. The techies have the following varied opinions & predictions on REN price along with its market cap to cite:
The Ren price prediction predicted by Wallet Investor states that the coin would reach a maximum price of $0.00614 by the end of 2023. Wallet Investor
The Ren coin price prediction done by Digital Coin Price indicates that the coin would reach a maximum price of $0.23 by the end of 2023. Digital Coin Price
It entirely depends on the competitors’ movement and the market mood. The way in which the number of existing REN tokens are seated, the maximum price is anticipated to be around $0.329967 at best by the end of 2025. Reddit Community
The Ren forecast mentioned by GOV Capital states that the coin would reach a maximum price of $0.62 by the end of 2023. GOV Capital
REN (REN)
$ 0.077285 Trade Now
Yearly REN Price Prediction: 2023-2030
Yearly REN Price Prediction: 2023-2030REN price prediction has truly somersaulted in the last year, totally transforming the trend from the beginning towards the end of the year. REN has had a historic journey throughout. All said and done, REN’s trend has been quite moderate, leading to a very optimistic path.
The REN price may grow in leaps and bounds, especially for alliances. New partnerships would bring REN to the limelight, making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second, which may prove a tough challenge for crypto rivals of REN.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2023 | $0.09 | $0.22 |
| 2024 | $0.17 | $0.25 |
| 2025 | $0.22 | $0.31 |
| 2026 | $0.30 | $0.43 |
| 2027 | $0.36 | $0.52 |
| 2028 | $0.46 | $0.67 |
| 2029 | $0.59 | $0.85 |
| 2030 | $0.75 | $1.07 |
REN Price Prediction 2023
As per our Ren price forecast, the REN price is predicted to cross $0.12 by the beginning of 2023. The expected high for the year 2023 is $0.22, and the low will be $0.09. The average REN price prediction for the end of 2023 is $0.16.
| Month | Minimum price | Maximum price |
|---|---|---|
| April | $0.11 | $0.13 |
| May | $0.12 | $0.14 |
| June | $0.13 | $0.15 |
| July | $0.13 | $0.17 |
| August | $0.14 | $0.18 |
| September | $0.14 | $0.20 |
| October | $0.15 | $0.21 |
| November | $0.15 | $0.22 |
| December | $0.16 | $0.22 |
REN Crypto Price Prediction 2024
As per our Ren coin price prediction, REN is predicted to cross $0.19 by the beginning of 2024. The expected high for the year 2024 is $0.25, and the low will be $0.17. The average REN price prediction for the end of 2024 is $0.21.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.17 | $0.20 |
| February | $0.20 | $0.20 |
| March | $0.20 | $0.21 |
| April | $0.20 | $0.21 |
| May | $0.21 | $0.22 |
| June | $0.21 | $0.22 |
| July | $0.22 | $0.23 |
| August | $0.22 | $0.23 |
| September | $0.23 | $0.24 |
| October | $0.23 | $0.24 |
| November | $0.23 | $0.25 |
| December | $0.23 | $0.25 |
REN Price Prediction 2025
With a bit of patience and keeping their hopes high in the long term, investors can expect a turnaround by the end of 2025, as the adoption of REN will grow exponentially, by when REN will be no more a naïve entrant in the world of cryptocurrencies, but a seasoned player at $0.27. The maximum price level would be around $0.31, while the minimum price level might be around $0.22.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.22 | $0.25 |
| February | $0.25 | $0.25 |
| March | $0.25 | $0.26 |
| April | $0.26 | $0.27 |
| May | $0.26 | $0.28 |
| June | $0.27 | $0.28 |
| July | $0.27 | $0.29 |
| August | $0.28 | $0.29 |
| September | $0.29 | $0.30 |
| October | $0.29 | $0.30 |
| November | $0.29 | $0.31 |
| December | $0.30 | $0.31 |
REN Coin Price Prediction 2026
However, the beginning of 2026 meant REN price could bid abye to all negative and pessimistic price trends for the world of cryptocurrencies, especially for the REN market; it could mean the start of an era of hopes and promises full of optimism. By the end of 2026, the REN price might cross the $0.3 price level. The maximum price level would be around $0.43, while the minimum price level might be around $0.30.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.30 | $0.34 |
| February | $0.34 | $0.35 |
| March | $0.35 | $0.36 |
| April | $0.35 | $0.37 |
| May | $0.36 | $0.38 |
| June | $0.37 | $0.39 |
| July | $0.38 | $0.39 |
| August | $0.39 | $0.40 |
| September | $0.40 | $0.41 |
| October | $0.40 | $0.42 |
| November | $0.39 | $0.43 |
| December | $0.41 | $0.43 |
REN Crypto Prediction 2027
As per the Ren price prediction data, the price of REN is expected to cross the level of $0.44. By the end of the year, Ren is expected to reach a minimum price of $0.36. In addition, the REN price might hit a maximum level of $0.52.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.36 | $0.41 |
| February | $0.41 | $0.42 |
| March | $0.42 | $0.44 |
| April | $0.43 | $0.45 |
| May | $0.44 | $0.46 |
| June | $0.45 | $0.47 |
| July | $0.46 | $0.48 |
| August | $0.47 | $0.49 |
| September | $0.48 | $0.50 |
| October | $0.49 | $0.51 |
| November | $0.48 | $0.52 |
| December | $0.49 | $0.52 |
REN Token Price Prediction 2028
REN coin might cross the $0.57 mark in 2028, as per the REN crypto price prediction. By the end of the year, Ren’s price is forecasted to record a minimum price of $0.46. In addition, the REN/USD might hit a maximum price level of $0.67.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.46 | $0.53 |
| February | $0.53 | $0.54 |
| March | $0.54 | $0.56 |
| April | $0.55 | $0.57 |
| May | $0.56 | $0.59 |
| June | $0.57 | $0.60 |
| July | $0.58 | $0.61 |
| August | $0.60 | $0.62 |
| September | $0.61 | $0.64 |
| October | $0.62 | $0.65 |
| November | $0.61 | $0.66 |
| December | $0.63 | $0.67 |
REN Prediction 2029
According to REN/USD price prediction, the coin might hit the $0.72 mark in 2029. Ren price is predicted to register a minimum level of $0.59 and a maximum price level of $0.85 by the end of 2029.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.59 | $0.67 |
| February | $0.67 | $0.68 |
| March | $0.68 | $0.71 |
| April | $0.70 | $0.73 |
| May | $0.71 | $0.75 |
| June | $0.73 | $0.76 |
| July | $0.74 | $0.77 |
| August | $0.76 | $0.79 |
| September | $0.78 | $0.81 |
| October | $0.79 | $0.83 |
| November | $0.77 | $0.84 |
| December | $0.80 | $0.85 |
REN Coin Prediction 2030
Based on the Ren token price prediction, the price might cross the level of $0.91. By the end of 2030, Ren Crypto is expected to reach a minimum price level of $0.75. In addition, the REN price might hit a maximum level of $1.07.
| Month | Minimum price | Maximum price |
|---|---|---|
| January | $0.75 | $0.84 |
| February | $0.84 | $0.86 |
| March | $0.86 | $0.89 |
| April | $0.88 | $0.92 |
| May | $0.89 | $0.94 |
| June | $0.92 | $0.96 |
| July | $0.93 | $0.98 |
| August | $0.96 | $1.00 |
| September | $0.98 | $1.03 |
| October | $1.00 | $1.04 |
| November | $0.98 | $1.06 |
| December | $1.01 | $1.07 |
REN (REN)
$ 0.077285 Trade Now
REN: Beginning of an Epic Saga
REN: Beginning of an Epic Saga Cryptocurrency trading is not easy for new dabblers. Joining the crypto pool for new swimmers could be a herculean task. Trading can be a mammoth burden for those who are moving from a broker’s help to doing it on an online platform independently. REN has taken the appropriate decision to transition from dark pools to blockchain interoperability, especially for the governing factor of use cases.
The exemplary functionality of REN has been to enable expeditious transactions based on reliability and is highly valuable. The credit also is due to the dedicated team of REN, who have burnt the midnight oil to make this project a highly successful one eliminating the technological and operability hurdles for users on the platform.
The functionality of a cryptocurrency defines its price and not its epic origin. The same is true and valid for REN too. The interoperability functionality that drives REN is what defines its price momentum. History is meaningless. Built on the Ethereum mainchain, Matic has the advantage of programming language, developer documentation, etc., readily available, and it does not have to build everything from scratch. This is so mainly because Matic is an EVM-based side chain.
Governments worldwide are taking measures to restore the economies, and it is set to have an influential impact on REN too. This should make REN an active and safe haven for investors. According to experts, some crypto fans say it could push REN down to the unprecedented wave of stimulus from governments and central banks around the world aimed at tackling the coronavirus crisis. Such measures, they say, devalue fiat currencies, making REN an attractive alternative.
How REN has scaled the operability issues and made transactions faster for the masses is what is going to add multi-layer to the entire mechanism of price as well. Only then does the question of mainstream adoption and investment arise. The day is not far when the entire exchange will be dominated by REN, and a cohort of the REN community will start talking about fixating the price at a predetermined level to avoid the skyrocketing phenomenon!!
REN (REN)
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Frequently Asked Questions
Frequently Asked QuestionsIs REN a good investment?
Yes, REN crypto is a good investment as it can be a profitable investment option. Ren’s price was equal to $0.062 at the beginning of this year. Based on our REN forecast, a long-term price increase is expected; the price prognosis for 2025 is around $0.31.
Where can I buy REN?
Right now, you can buy REN at a good number of cryptocurrency exchanges, including Binance. Once you have your trading account set up at one of the exchanges that trade REN, you will need to transfer your BTC or ETH from Coinbase to that specific exchange. This is done via a wallet system.
Can you stake REN?
Ren token holders can stake REN and earn a plethora of assets rather than the native asset, limiting the selling pressure from reward earnings.
Will REN cross $1?
Of course, the stars look quite favorable for the year ahead. Even though the last year was not a very motivating period from a global perspective, the current year shall witness major changes in the economic scenario for most countries and for the better! In fact, the coin did cross the $1 mark in the month of February 2021. In the future, it may cross $1 by 2030 again.
How can I buy REN?
There’s an overview of the exchanges available to you and a buying guide to help you along for easy comparison. Rates are taken directly from each exchange’s official web socket. For fiat exchanges or exchanges that don’t offer web sockets, rates are refreshed every 60 seconds.
How much REN will be worth in 2030?
Based on our REN price prediction 2030, the token is expected to reach a maximum price of $1.07, with a minimum price of $0.75. At the same time, the average price of the coin may be around $0.91.
REN (REN)
$ 0.077285 Trade Now
