The live Ren price today is $0.70 with a 24-hour trading volume of $471 million. The coin has gained 39.31% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Ren, this guide is for you.
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What is Ren?
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Should I buy Ren today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Ren price prediction
According to Capital, the price of REN will reach about $0.93 at the end of 2021. Around this time next year, REN coin will be trading for over $2 and for over $4 a year from that.
Ren on social media
— Maxijer2909 (@Maxijer2909) December 20, 2021