Transferring currencies from one digital wallet to another isn’t that hard. However, it’s much harder to transfer different currencies from one blockchain infrastructure to another. Cryptocurrencies built of one blockchain ecosystem, like Ethereum, aren’t able to interact with non-Ethereum tokens (Bitcoin, Litecoin, etc.) on the same blockchain. As a result of these lapses, there is a need for a new peer-to-peer private exchange that provides a solution in the cryptocurrency space by allowing traders to buy or sell any cryptocurrency on any blockchain. The new peer-to-peer exchange will let investors trade any token without needing any middlemen while enjoying an unmatched privacy level.
What Is Ren Crypto?
Ren is an open-source protocol designed to ensure the confidential transfer of values between different public blockchains. Basically, Ren provides financial liquidity to various blockchain platforms. Ren is an ecosystem for building, deploying, and running general-purpose, privacy-preserving applications and moving averages using secure multiparty computation protocol. It makes it possible for any application to run in a decentralized protocol, trustless, and fault-tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and states remain a secret to the participants running the network.
The Ren Company’s main product is RenVM that enables decentralized financial interoperability. The project’s main goal is to expand existing dApps and create entirely new business cases with support levels within the decentralized world. Ren (REN) is the internal token of the Ren ecosystem. Ren coin (REN) is the internal token of the Ren ecosystem.
Ren current statistics
Fiat currency Price for Ren: 1.02 USD
Market Cap: 1,017,933,660 USD
Volume(24): 241,414,374 USD
Circulating Supply: 997,163,051 REN
Total Supply: 999,999,633 REN
All-Time High: 1.83 Feb 20,2021 USD
Ren/USD 7D: 0.66632%
What Ren offers
The Ren team founded Ren blockchain technology in 2017 as the Republic Project before rebranding as Ren in 2019. Its founders, Tiayang Zhang and Loong Wang, were software engineers in the financial markets that wanted to make crypto exchange built on different blockchain networks more liquid and easily traded without going through a centralized exchange.
What makes Ren different
Instead of buying BTC and ETH separately, Ren protocol lets you store your bitcoin in a type of smart contract, in which you will then receive an equivalent quantity of BTC or crypto asset to use how you want. The contract is a type of CFD (Contract For Difference) that pay different investor price based on their investment. For example, you could buy Ethereum price-based altcoins or lend your erc20 token out for interest. Meanwhile, your bitcoin remains stored as a type of collateral through the Ren smart contract.
If you want to unlock your funds such a Bitcoin, you have to pay a fee in REN tokens, which is how the Ren network is maintained. Just like how Ether is the coin that fuels the ETH platform, Ren tokens are the coin that makes the Ren platform work. At the same time, Ren champions itself as a privacy-oriented platform. It lets users collateralize their existing crypto to access other blockchain tokens without leaving a trace on a decentralized finance ledger.
According to the Ren whitepaper, users can store and transfer tokens without revealing the transaction amounts or their wallet balances. Currently, Ren can transfer Bitcoin, Bitcoin Cash, ZCash, BTC, and Dogecoin onto the Ethereum blockchain.
This comprehensive Ren prediction and technical analysis provide a better insight into the current situation, future expectations concerning the price of Ren. It will help readers understand what’s going on in the Crypto Market right now, adjust the trading strategy accordingly, make calculated investment and trading decisions in the future. Ren is a non-mineable token presently priced at 0.351400 USD and has a market capitalization of $350 614 407, which puts it at 81st position in the global Cryptocurrency rating. The currently available supply of Ren is 997 763 051 tokens.
It is important to grasp the projected changes in supply to properly calculate future market cap, hence the future price or forecast of the cryptocurrency under review. Most traders come to the cryptocurrency ecosystem searching for digital assets that promise high and extremely high returns, which is achieved, among other things, through volatility inherent to this space. And even though the capability of most cryptocurrencies to showcase tremendous gains has been hampered by recent crises, they remain the point of attraction for those who see this platform as a good alternative to stocks, Forex, and other traditional markets.
The data allows us to assess the overall strength of the trend, which, in turn, provides means for a more precise REN forecast and predicts the shifts in supply and demand that play a decisive role in price changes in both the immediate and distant future. To better understand recent REN market fluctuations, we introduce the Ren price projection to clearly depict the present price dynamics and offer some hints at the possible scenarios of future price action.
Volatility represents an essential aspect of crypto trading. Crypto Rating always proceeds from a range of factors when analyzing the price of Ren and offering short, medium, and long-term price projection using our proprietary algorithm that successfully incorporates artificial intelligence and, specifically, data.
According to the various technical analysis from Ren, trading volume for the past 24 hours is 26 584 183 USD that constitutes an increase from the previous day. The current tendencies about changes in the average trading volume reveal the increasing demand for REN tokens on the backdrop of the decreasing supply of the corresponding cryptocurrency.
At Cryptopolitan, we do our best to provide accurate price predictions that support a wide range of digital coins like REN. We update our predictions daily, working with historical data and using a combination of linear and polynomial regressions. However, no one can predict the prices of cryptocurrencies with total certainty; thus, it is crucial to understand that the following price predictions serve merely as a suggestion of possible price development and are not intended to be used as investment advice.
Therefore, let’s delve into more detailed Ren price predictions for the rest of 2021, according to Cryptopolitan.
Cryptopolitan REN forecast
Price Prediction for July 2021
The REN price is forecasted to reach $0.4930150 by the beginning of July 2021. The expected maximum price is $0.6202911, and the minimum price is pegged at 0.4217979 USD. The REN price prediction for the end of the month is 0.4962329 USD.
Price Prediction for July 2021
The REN price is forecasted to reach 0.4962329 USD by the beginning of August 2021. The projected max price is 0.6240600 USD, minimum price 0.4243608 USD. The REN price forecast for the end of the month is 0.4992480 USD.
Price Prediction for September 2021
The REN price is forecasted to reach 0.4992480 USD by the beginning of September 2021. The projected max price is 0.6274221 USD, min price 0.4266470 USD. The REN price prediction for the end
of the month is 0.5019377 USD.
Price Prediction for October 2021
The REN price is forecasted to reach 0.5019377 USD by the beginning of October 2021. The projected max price is 0.6302753 USD, min price 0.4285872 USD. The REN price prediction for the end of the month is 0.5042202 USD.
Price Prediction for November 2021
The REN price is forecasted to reach 0.5042202 USD by the beginning of November 2021. The projected max price is 0.6327949 USD, min price 0.4303005 USD. The REN price prediction for the end of the month is 0.5062359 USD.
Price Prediction for December 2021
The REN price is forecasted to reach 0.5062359 USD by the beginning of December 2021. The projected max price is 0.6348026 USD, min price is 0.4316658 USD. The REN price prediction for the end of the month is 0.5078421 USD.
REN price prediction for 2021
According to CoinMarketCap forecast, Ren is ranked as the 114th most valuable crypto. It achieved this feat in less than 1 year. It just hit a 336,963,255.11 USD market value. While Ren’s rise to prominence wasn’t nearly as fast as some other tokens out there, the prices have been rising steadily over the past several months. In November 2020, Ren was trading around 0.2 USD. Right now, it’s trading closer to 0.3391 USD, which is over a 100 percent price increase in less than 1 year.
The best thing going for Ren is that it tackles a serious and fundamental problem in the way the cryptocurrency market operates. Instead of just being a speculative token, there’s a long-term investment thesis behind the Ren platform. As we advance, we expect Ren to continue gaining traction as both a privacy and liquidity solution for the crypto markets, especially as it becomes more mainstream.
The price prediction Ren could rise to $3-$5 in the next few years, although I expect growth to be a bit steady and less exponential, as we’ve seen from other types of more speculative tokens.
It is crucial to stay up to date about the REN price in a market-driven by volatility. We change our REN prognoses every day, so you might rather want to bookmark this page to stay up to date.
Below we have collected the most reliable price projections for Ren (REN) from popular forecast platforms.
Wallet Investor REN Prediction for 2021, 2023, 2025
WalletInvestor forecast for Ren is bullish. REN is a wonderful option for a long-term investment. Ren price will grow from 0.3654 USD to 1.045 USD price in one year. REN cryptocurrency has long-term earning potential as of +233.81% in one year. That makes REN an awesome investment. The REN token is estimated to cost 0.897 USD (+164.52%) per coin by the end of December 2021. The predicted price for the end of 2026 is 3.764 USD.
Trading Beasts REN Price Prediction for 2022
TradingBeasts analysis predicts that the maximum price of REN crypto could reach 0.6395827 USD (+88.61%) per coin during August 2021 and is projected to be at the level of 0.6537557 USD (+92.79%) per coin by the end of December 2021. This forecast is bullish. Answering the question about if REN is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, the price of Ren is predicted to reach 0.5078421 USD with a reduction to 0.4919464 USD by the end of 2022.
Digital Coin REN Price Prediction for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of REN cryptocurrency will rise in the next 5 years, starting from 0.367355 USD as of today’s price to 1.3741941 USD. REN is an advantageous investment, and its price may reach the mark of 0.46389988 USD (+36.81%) per coin by the end of 2021. It will go up to $0.6193778 by 2022 and continue its growth in 2023-2024. Based on this forecast, REN is a profitable long-term investment.
As it can be clear from the analysis cited above, Ren’s projections are rather contradictory but bullish. There is no universal consensus either about positive or negative future REN price movements. Indeed, the possible future growth depends on various factors: announcements, new technological solutions of the Ren projects, the crypto environment in general, legal position, etc. We kindly remind you that it is essential to do your own research before investing in any cryptocurrency.
Is REN A Good Investment?
Yes, according to our fundamental analysis, Ren’s price is going to increase. Ren crypto forecast is on the path to a bullish trend, and the price prediction is also looking good. Now the Ren current price is 0.3391 USD. Its max price could reach $0.897, and by the end of 2021, the average REN price is expected to be 0.5078421 USD. So if you are seeking short-term investment, Ren may not be the best choice of investment. However, if you seek long-term investment opportunities, the Ren project is worth your attention.
What is going to be the REN price in August 2021?
The REN price is forecasted to reach 0.4992480 USD by the beginning of August 2021. The expected max price is 0.6240600 USD, min price 0.4243608 USD. The REN price prediction for the end of the month is 0.5019377 USD.
What is the value of REN to BTC?
One Ren is currently worth 0.37 USD price on major cryptocurrency exchanges. You can also exchange one Ren for 0.00001063 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Ren in U.S. dollars is 369.97 million USD.
What algorithm does REN use?
Ren was founded as a Republic Project but used the ETH Token algorithm.
In 1 year from now, what will 1 REN be worth?
According to the forecast above, Ren average 0.5080475 USD by July 2022. The expected max price is 0.6350594 USD, min price 0.4318404 USD.
Will REN go up in 2022?
Yes, according to our forecast, the REN price is going to increase. The REN price is 0.3723830 USD, but by the end of 2021, the average REN price is expected to be 0.4919464 USD. Now is a good time to buy Ren.
Which coin is similar to REN?
Where can I get REN or BTC wallet?
Ren produces its own wallet software that can be downloaded on its website, which allows you to buy Ren and store Ren on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet to store your data, you may consider using a mobile wallet such as Coinomi, Atomic Wallet, or Jaxx, to store multiple cryptocurrencies with some added security benefits.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.