Two years back REN was known as Republic Protocol but in these two years, this project has done come remarkable development. So now it’s time to take a closer look at the 2.0 vision of this Defi project. In this article, we are going to all the important aspects that you should know about this project and along with that, you will also get REN Price prediction for the upcoming three to four years.
What is REN?
In simple words, REN is going to bring privacy and interoperability in the blockchain so users can transfer their cryptocurrencies and other supported assets between blockchain in a faster, decentralized, and trustless manner. At this moment REN ecosystem supports Ethereum, Bitcoin, Bitcoin Cash, and Zcash blockchain-based crypto assets. For larger volume trading this network provides faster atomic swap along with special security.
In recent time REN also has launched the RenEX which is the first decentralized exchange platform which is based on the dark pool layer. The zero-knowledge layers will help users to swap, transfer, and HODL token by keeping all the transaction history anonymous
The REN token will be used in its ecosystem for two functions, first is for paying the trending for orders made on RenVM, and the second function is for paying the bond to register a smart contract that is going to manage Darknodes in the ecosystem. Overall this project can completely change the OTC trading and cryptocurrency exchange for users.
|Total Supply||999,999,633 REN|
REN Price Prediction:
In the third quarter of 2019 first time, we saw some hike in the REN price, and before that its performance was below par. And this hike came at such a time where the rest of the crypto was struggling to retain their prices. In the next six-eight months, we haven’t seen any big spike in its price but the actual bullish run of this token started with the price of $0.05 in April 2020. And a price keeps increasing gradually in the next five months and reached to $0.525 with a hike of 950%. In the fourth quarter of 2020, the price of REN was very fluctuating.
The second bull run of REN was started in January 2021 and this was the best time for the project during this time it registered a new all-time high of $1.83. Now the project is getting more exposure and we are expecting another bull run in the upcoming few months. By the end of 2021, REN will cross $2.
|First Quarter 2023||$4.21|
|Second Quarter 2023||$4.50|
|Third Quarter 2023||$4.73|
|Fourth Quarter 2023||$4.91|
|First Quarter 2025||$7.25|
|Second Quarter 2025||$7.59|
|Third Quarter 2025||$7.82|
|Fourth Quarter 2025||$8.03|
REN token ICO Details
|ICO Date||3rd Feb 2018|
|ICO token Price||$0.06|
|Funds raised||$34,300,000 USD|
Where to buy REN coin:
|Houbi Global||omgfin||Kyber Network|
Where to Store REN:
Storing your REN token has become very easy just because we are having lots of wallet options with us. so you can pick any one of them to store your REN token.
- Lumi Wallet
- Atomic Wallet
- Trust Wallet
- Ledger or Trezor
The price of any crypto asset or token from the crypto market is generally determined by what that cryptocurrency does. And if we look at the historical data of the REN project which was not much impressive till the start of 2021. But suddenly this project got a boost and now it is showing upward trends. The future of this project is mainly depending on its mainstream adaptation and investment.