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REN

REN

REN Market Stats

REN Price

$22,014.48

REN Price Change (24H)

$22,014.48

REN Price (24H Low)

$22,014.48

REN Price (24 High)

$22,014.48

REN Price (All Time High)

$22,014.48

REN Market Cap

$22,014.48

REN Volume (24H)

$22,014.48

REN Circulating Supply

$22,014.48

REN Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is REN?

REN is a platform hosting software that allows for transferring existing and new digital assets across blockchains. It is an Ethereum-based platform, allowing users to mint crypto assets for use on Ethereum platforms. These assets include BTC, BCH, and ZEC.

This action opens the opportunity to engage in lending, borrowing, and trading activities. And users do so using a digital asset locked in this software.

When you need to reverse your original asset, you must use your REN cryptocurrency to unlock the locked asset. There is a fee attached to this transaction. However, the fee is used to pay the dark nodes facilitating the network’s operations.

Ren Coin - Comparewise

Who Created REN?

The platform started in 2017 after a partnership between software developers: Taiyang Zhang and Loong Wang. Its start-up name was Republic Protocol. The name REN was adopted in 2019.

The platform’s Initial Coin Offering (ICO) came in two phases, the first being a private sale, raising $28.9 million in ETH. The investors participating in the deal included Huobi Capital, Polychain Capital, FBG Capital, HyperChain Capital, and Signum Capital, among others. The platform sold 56.5% of its REN token supply in this event.

The second ICO was a public sale of 8.6% of the REN supply. This event managed to raise $4.6 million in ETH. The remaining supply was spread among community development (5%), the advisory team (19.9%), and a company reserve of 9.99%

How Does REN Work?

The REN software uses a virtual machine (RenVM) to execute transactions on the network. These transactions are based on smart contracts and are distributed over a vast network without any data exposure.

To achieve this high level of privacy, the RenVM uses high-security protocols:

  1. Shamir Secret Sharing Scheme allows data fragmentation of orders to hide information from the nodes.
  2.  zkSnarks is a cryptographic protocol allowing the hiding of data outlined in a transaction.

The network is hosted on a chain of dark nodes that provide bandwidth and computational power. What’s more, you can become a dark node provider using your computer to earn incentives. However, you must stake 100,000 REN to become eligible, preventing identity node fraud.

Is REN a Good Investment?

As you look forward to investing in this platform and cryptocurrency, it is essential to consider pricing and expert predictions. And with that, you should invest in REN for the trading freedom it gives investors.

For example, when you lock your BTC on the REN software, you get an equivalent ETH value of the asset in RenBTC. With this ETH-based ERC-20 token, you can engage with Ethereum-based decentralized platforms to make your trades. And when you want to get your Bitcoin, you only must initiate the process, and the specified amount will hit your wallet minus fees.

Furthermore, experts predict the REN token to appreciate with time. So, it can be a worthwhile investment if you want to make long-term capital gains.

FAQs about REN

How Many REN Are There?

The current number of REN in circulation is 999,037,500 from the total supply of 1,000,000,000 tokens. The existing tokens are distributed over various parties, each holding a unique number of the supply.

How is REN Secured?

The platform uses a vast series of dark nodes to facilitate its transactions. During these interactions, the data is hidden using strict privacy protocols: zkSnarks and Shamir’s Secret Sharing Scheme. Moreover, an individual must stake 100,000 REN to become a dark node provider, mitigating the risk of fraud.

What Can You Use REN for?

You can use REN coins for various things such as engaging in trading, borrowing, lending and portfolio management on DeFi platforms. Moreover, with 100,000 coins, you stand to become a dark node provider and earn additional coins.

REN News

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Best REN Apps

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Get a $30 Coinberry bonus when you sign up
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Get a $30 Shakepay bonus when you sign up
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Earn up to $16 worth of crypto in Coinbase
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Trade Bitcoin free and get up to $100 in welcome rewards
Min Investment
$50
Coins Available
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Up to 500 USDT welcome bonuses for new users
Min Investment
$5
Coins Available
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Get $100 when you top up $1k + earn up to 20% APR
Min Investment
$1,000
Coins Available
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Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
Coins Available
200+
Trade crypto, stock, and metals in one place
Min Investment
$1
Coins Available
130+

Best REN Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
Coins Available
100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

REN Analysis

REN Analysis Summary

According to experts, the crypto world is entering a new growth phase due to massive adoption. For that reason, the value of REN will grow as its adoption increases.

The experts predict this crypto coin to close in 2022 with an average price of $0.18 to $0.20. And by following the adoption trend, this token will see a price rise of $0.30 in 2023, with the minimum averaging $0.26.

By 2024, websites and forums will have embraced this platform, and its value will rise to an average of $0.45. And if there is a bullish situation, the token could see a $0.38 value.

The asset can expect further price raises by 2025 since the long-term investors will hold it. Market analysts expect this token to cross the $0.66 mark and, on the lower side, trade at an average price of $0.58.

In the 2026-2031 period, REN will continue to see a skyrocketing price due to the partnerships and developments. Experts predict the token to hit an all-time high of $5.45. And if the market runs excellently, the price can hit $6.31.

Analysis Q&As

What is REN price today?

REN price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for REN?

REN hit an all time high of [All High].

What was the lowest price for REN?

REN had an all time low of [All Low].

What was the 24 hours trading volume of REN?

The 24 hour trading volume of REN is [Volume].

Where can REN be traded?

You can trade REN on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for REN in the market includes REN/USD, REN/CAD, REN/EUR, REN/GBP, and REN/AUD. REN is a token that is related to the Avalanche, DeFi, Polkadot, Solana... categories.

What exchange is REN on?

Online traders can buy or sell REN (REN) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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REN Technicals

See Comparewise coin rating definitions for more information.

REN Price Statistics
REN Price Today

08/16/2022

REN Price

$22,014.48

REN Price Change (24H)

$22,014.48

REN Price (24H Low)

$22,014.48

REN Price (24H High)

$22,014.48

REN Price (All Time High)

$22,014.48

REN Market Cap

$22,014.48

REN Volume (24H)

$22,014.48

REN Circulating Supply

$121.3M

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