Ren is an open-source protocol. It designed to ensure the confidential transfer of values between different public blockchains. Essentially, Ren provides financial liquidity to the various platforms of Blockchains. Ren is an ecosystem for creating, deploying, and executing public applications, maintaining privacy, and moving averages using a secure multiparty computing protocol. It allows any program to run in a decentralized, unreliable, and error-free protocol such as blockchain, but with the distinctive feature that all program inputs, outputs, and modes are running for participants. In this article, we will review Ren price prediction in the coming years.
RenVM is the main product of the company, which provides decentralized financial interoperability. The main goal of the project is to develop existing dApps and create completely new business cases with a decentralized support level. REN is an internal token of the Ren ecosystem.
What does Ren offer?
The Ren team established Ren Blockchain technology in 2017 as a republic project and then renamed Ren in 2019. Its founders, Tiayang Zhang and Loong Wang were software engineers in the financial markets. They wanted to make cryptocurrency exchanges built on Blockchain networks. It is easily traded without going through a centralized exchange.
What makes Ren Different?
Instead of buying BTC and ETH separately, the Ren protocol allows you to store your bitcoins in a kind of smart contract. Actually, you will receive the equivalent of BTC or an encrypted asset to use as you wish. A contract is a type of CFD (Contract for Difference) that is paid to a different investor based on the amount of their investment. For example, you can buy Ethereum price-based Altcoins or lend your Erc20 token for interest. Meanwhile, your bitcoins are stored as collateral through Ren’s smart contract.
If you want to open your funds like Bitcoin with Bitcoin cloud mining, you have to pay a fee in the REN token, which preserves the Ren network. Just like the ether coin that feeds the ETH platform, Ren tokens are the coins that make the Ren platform work. 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 Ren white paper, users can store and transfer tokens without disclosing the transaction amount or wallet balance. Currently, Ren can transfer Bitcoin, Bitcoin Cash, ZCash, BTC, and Dogecoin to the Ethereum blockchain.
Is Ren a good investment?
Ren can be a successful investment based on fundamental analysis, increasing the importance of DeFi, and analysts predicting WalletInvestor and DigitalCoin.
However, to reduce financial risks, do not forget about effective risk management tools. The tools including stop-loss, net profit, and stock portfolio diversification.
Ren price chart
Where to buy Ren cryptocurrency?
Traders on Capital.com can follow the REN / USD pair in real-time and decide whether to stay long or short based on your REN price forecast. Alternatively, if you want to invest in cryptocurrency, Ren tokens have a high volume in Binance that can be exchanged against Bitcoin and USDT.
How do I save REN in my wallet?
Encrypted wallets that support REN include My Ether wallet (MEW-desktop), Atomic Wallet (mobile), Trust Wallet (mobile), and Exodus wallet (mobile and desktop). Hardware wallets that support REN include Ledger, Trezor, and KeepKey.
Because REN is an ERC-20 token, it can be stored on almost any wallet that supports Ethereum. That way, there is no shortage of software wallets and hardware wallets where you can store your REN tokens.
REN Price prediction: What do famous cryptocurrency forecasting websites think about Ren?
REN as a token has made significant price changes. The token, listed in most exchanges, has a market value of $ 947,697,066 and currently has a circulation of 997,163,051 REN on the market. At the time of writing, REN is currently trading at around $ 0.5082. Even though many experts believe that the coin may increase in price in the coming years. Technicians have different opinions and predictions about the REN price along with its market price.
The Ren price prediction predicted by WalletInvestor states that the maximum price of this coin is $ 1.841 and the minimum is around $ 1.533 by the end of 2021.
The Ren Price prediction of the Digitalcoin shows that the coin will reach a maximum of $ 1.32 by the end of 2021.
Trading Beasts has a Ren price prediction and states that the maximum price of this coin is $ 1.40 and the minimum is around $ 0.95 by the end of 2021.
Reddit Community believes it entirely depends on the competitors’ movement and the market mood. How the number of existing REN tokens are seated, the voyage of $0.88 at best can be predicted.
The Ren Price prediction mentioned by GOV Capital states that the coin would reach a maximum price of $1.67 and the lowest is predicted around $1.23 by the end of 2021.
REN Price Prediction for 2021, 2022, 2023, 2025
This comprehensive forecast and technical analysis provide a better insight into the current situation and future expectations for the Ren price. It helps investors and cloud miner centers understand what is happening in the crypto market right now. It also adjusts trading strategies accordingly, makes calculated investments, and makes future business decisions. Ren is a non-minable token that is currently priced at $ 0.5082 and has a market capitalization of $507,036,268, which puts it at number 120 in the global cryptocurrency rankings. Ren is currently offering 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. It is achieving, 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.
Ren price prediction 2021-2025
This data allows us to assess the overall strength of the trend, which in turn provides a means to more accurately predict REN and supply and demand changes that play a decisive role in price changes in the near and distant future. Have, predicts. To better understand recent REN market fluctuations, we introduce the Ren price forecast to clearly show current price dynamics and provide insights into possible future price action scenarios.
Also, 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 various Ren technical analyses, the trading volume in the last 24 hours is $40,327,309, which shows an increase compared to the previous days. Current trends in changes in the average trading volume indicate an increase in demand for REN tokens in the context of the declining supply of the relevant cryptocurrency.
At the Minerland website, we do our best to provide accurate price forecasts that support a wide range of digital coins such as REN. However, no one can predict the price of cryptocurrencies with complete certainty. Therefore, it is important to understand that the following price forecast is only a suggestion for a possible price development. And it is not using as an investment recommendation.
So let’s make more accurate forecasts of Ren price for the rest of 2021, 2022, 2023, 2024, and 2025.
REN Price Prediction for 2021
According to CoinMarketCap, Ren is ranking as the 120th most valuable cryptocurrency. It achieved this success in less than a year. Its market price was $ 336,963,255.11. While Ren has not progressed as fast as some other tokens, prices have been steadily rising over the past few months. In November 2020, Ren traded around $ 0.2. Currently, trading is approaching $ 0.5082, which is a more than 100% price increase in less than 1 year.
The best thing that can happen to Ren is that it has a serious problem with how the cryptocurrency market works. Instead of being just a sign of business, there is a long-term investment thesis behind Ren. As we move forward, we expect Ren to continue and can be seen as a privacy and liquidity solution for cryptocurrencies. Especially as it becomes more mainstream.
The Ren price prediction could rise to $ 3 – $ 5 in the next few years, although we expect growth to be slightly steady and lower than usual, as we have seen from other types of more speculative tokens.
REN Price prediction for 2022
TradingBeasts analysis predicts that the maximum price of REN cryptocurrency could reach $ 0.6395827 per coin at the end of August 2021. And also it is projected to reach the US $ 0.6537557 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. Also in the 2021 perspective, they predicted the price of Ren to reach 0.5078421 USD. This prediction was with a reduction to 0.4919464 USD by the end of 2022.
REN Price prediction for 2023-2024
In DigitalCoin analysis, the price of REN cryptocurrencies will increase in the next 5 years. It is starting from the US $ 0.5082 to today’s price and reaching $ 1.3741941. This amount will increase to $ 0.6193778 by 2022 and will continue to grow in 2023-2024. According to this forecast, REN is a profitable long-term investment.
REN Price prediction for 2025
The WalletInvestor forecast for Ren is bullish. REN is a great option for long-term investment. The price of Ren increases from 0.5082 USD to 1.045 USD in one year. REN cryptocurrency has a long-term earning potential of 233.81% per year. This makes REN a great investment. They estimate that the REN token is to cost $ 0.897 per coin by the end of December 2021. The projected price for the end of 2025 is the US $ 3,764.
As you can see from the analysis above, Ren price predictions are relatively inconsistent but bullish. There is no global consensus on future positive or negative REN price changes. In fact, the potential for future growth depends on several factors:
Announcements, new Ren project technology solutions, the cryptocurrency environment in general, legal status, etc. We remind you to do your research before investing in any cryptocurrency.