What is Ren?
Ren stands for Republic protocol, the network bringing interoperability into the Blockchain where any crypto asset can be transfer into any other Blockchain with existing smart contract, where there will be no worry of wrapping or unwrapping of tokens. Ren is basically work as preserving virtual machine powering to the Decentralized Application DeFi for that network uses worthy use case for blockchain and other trustless network.
The Protocol Ren is working with different blockchain with wall street infrastructure to solve Dilemma. Ren official launched RenEx that is said to be first ever decentralized exchange DEX based on Dark pool layer, however this layer secretly run order matching machine that will work with other orders, which is only known by their creator. A zero-knowledge layer will help to HODL and transfer token without exposing token balance and transaction amount to the other and also execute swap between blockchains.
Current Ren Ecosystem supports Bitcoin, Bitcoin Cash, Zcash and Ethereum (ERC20) Blockchain based crypto assets. the network offers faster atomic swap, special security for huge volume trades along with it has ability to integrate with existing infrastructure, DeFi composable. It eliminates cross-chain counterparty risk. RenVM mainnet was officially launched on may 2020 to mark ear of DeFi with cross-chain to bring interoperability, as this will allow user to use RenVM on the RenBridge, Uniswap and 1inch.
Ren Price Prediction
| Month & Year | REN Price Prediction |
|---|---|
| March 2023 | #VALUE! |
| April 2023 | #VALUE! |
| May 2023 | #VALUE! |
| June 2023 | #VALUE! |
| July 2023 | #VALUE! |
| August 2023 | #VALUE! |
| September 2023 | #VALUE! |
| October 2023 | #VALUE! |
| November 2023 | #VALUE! |
| December 2023 | #VALUE! |
| January 2024 | #VALUE! |
| March 2024 | #VALUE! |
| April 2024 | #VALUE! |
| July 2024 | #VALUE! |
| October 2024 | #VALUE! |
| January 2025 | #VALUE! |
| February 2025 | #VALUE! |
| March 2025 | #VALUE! |
| April 2025 | #VALUE! |
| May 2025 | #VALUE! |
| June 2025 | #VALUE! |
| July 2025 | #VALUE! |
| August 2025 | #VALUE! |
| September 2025 | #VALUE! |
| October 2025 | #VALUE! |
| November 2025 | #VALUE! |
| Decemeber 2025 | #VALUE! |
| January 2030 | #VALUE! |
| March 2030 | #VALUE! |
| May 2030 | #VALUE! |
| July 2030 | #VALUE! |
| September 2030 | #VALUE! |
| December 2030 | #VALUE! |
Celsius Price Prediction | Nexo Price Prediction | Nano Prediction
Ren Overview
| Project name | REN |
| Ticker Symbol | REN |
| Total Supply | 999,999,633 |
| Official website | Renproject.io |
| Based on | Decentralized Finance |
| Launched year | 2018 |
| All-time high | $1.83 USD |
| Exchange Platform | Binance, Houbi Global, Exrates, Bilaxy, CoinDCX, omgfin, IDEX, HitBTC, Bitay, Uniswap, Kyber Network, Fatbtc |
| Wallet | RenVM, Lumi Wallet |
Ren Coin ICO Overview
| Platform used | ERC20 |
| Raised by | $34,300,000 USD |
| Date of ICO | 3rd February 2018 |
| ICO Price | $0.06 USD |
| Partners | Polychain Capital and FBG Capital |
Ren Price Analysis
Ren holding resistance at level $0.15 USD i.e., still 1000% up from all time high. Ren in this year has registered huge growth in terms of market cap volume and now project is in the top 200 list. in last 2 week, Ren reclaim $150 million market cap volume and in 24 hours Ren registered $48 million worth transactions. REN token has great utility, as project empowering different blockchain network, which is community driven and open source to all. Ren provides simple decentralized application integration along with main built in functions.
Since June 2019 Ren started gaining moderated market cap volume on the daily basis, where Ren was trading at price $0.13 USD, as this was the time where almost all crypto was struggling to show bullish trend. So, with that 2019 performance Ren constantly jumping in the market cap race, where Ren most average price was around $0.045 USD. 2020 is bringing new era of DeFi as with recent successor of Celsius, Compound and Nexo DeFi project, ren also about to enter into top 50 largest crypto list. Ren after 18th march 2020 started showing bullish trend where in less than 3 months prices surge from $0.032 USD to $0.16 USD with 337%, in the possible outcomes Ren expected to cross $0.25 USD mark in rest of 2020 year.
Ren FAQ
How Much REN Worth in 2030?
$15 USD expected to be most average figure for year 2030.
Can Ren Reach $1 USD?
With current momentum $1 USD possible in 2023.
Is Ren a Good Investment?
Ren is DeFi project and looking at response they getting in 2020, then Ren is good for both long and short term investment.
Conclusion
The roadmap is always top priority for Ren blockchain, where it all started with RenEX beta a decentralized Exchange platform, then slowly they started building new layer in their blockchain, as till now they official launched Swapperd, dark pool layer, Zero knowledge layer, interoperability layer. In the open development network accepting new developers by allowing them to run code for computing, however Ren is officially become Unstoppable Privacy ecosystem on Blockchain along with cross-chain network will give tough competition to the other DeFi project. Currently they need to add new Blockchain support to increase use base and Tokens.
