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Ren

Ren priceREN

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Quote currency:
USD
REN
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USD
1 REN = 0.06192 USD
Last updated 2024-04-20 09:48:15(UTC-0)

Ren price live data summary

The live price of Ren is $0.06192 per (REN / USD) today with a current market cap of $61.87M USD. The 24-hour trading volume is $10.25M USD. REN to USD price is updated in real time. Ren is +0.06% in the last 24 hours. It has a circulating supply of 999,127,500 .

What is the highest price of REN?

REN has an all-time high (ATH) of $1.83, recorded on 2021-02-20.

What is the lowest price of REN?

REN has an all-time low (ATL) of $0.01548, recorded on 2018-11-27.

Ren price prediction

Set your prediction

When is a good time to buy REN? Should I buy or sell now?

When deciding whether to buy or sell REN, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget REN technical analysis can provide you with a reference for trading.
According to the REN 4h technical analysis, the trading signal is Neutral.
According to the REN 1d technical analysis, the trading signal is Sell.
According to the REN 1w technical analysis, the trading signal is Strong sell.
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Ren price performance in USD

24h7d30d90d1yAll-time
+0.06%-13.13%-30.01%+8.63%-36.45%-22.37%

Ren price history in USD

TimeLowHigh
24h$0.06044$0.06277
7d$0.05144$0.07256
30d$0.05585$0.1165
90d$0.04900$0.1172
1y$0.04033$0.1172
All-time$0.01548(2018-11-27, 5 years ago )$1.83(2021-02-20, 3 years ago )

Ren market information

Market cap
$61,868,143.37
+0.06%
Fully diluted market cap
$61,922,170.44
+0.06%
Volume (24h)
$10,253,399.86
-16.99%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.1657
Circulating supply
999,127,500 REN
Total supply / Max supply
999,999,632.8 REN
1,000,000,000 REN
ICO price
$0.05610 ICO details

Ren ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

REN Social Data

In the last 24 hours, the social media sentiment score for REN was 2.3, and the social media sentiment towards REN price trend was Bearish. The overall REN social media score was 1,221, which ranks 826 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,244,928 times, with REN being mentioned with a frequency ratio of 0%, ranking 582 among all cryptocurrencies.

In the last 24 hours, there were a total of 212 unique users discussing REN, with a total of REN mentions of 52. However, compared to the previous 24-hour period, the number of unique users decrease by 3%, and the total number of mentions has increase by 24%.

On Twitter, there were a total of 3 tweets mentioning REN in the last 24 hours. Among them, 33% are bullish on REN, 67% are bearish on REN, and 0% are neutral on REN.

On Reddit, there were 0 posts mentioning REN in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning REN. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
2.3
Social score(24h)
1.22K(#826)
Social contributors(24h)
212
-3%
Social mentions(24h)
52(#582)
+24%
Social dominance(24h)
0%
Twitter
Tweets(24h)
3
+50%
Twitter sentiment(24h)
Bullish
33%
Neutral
0%
Bearish
67%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Ren(REN)

What Is Ren?

Ren is a decentralized Automated Market Maker (AMM) operating on the Solana blockchain. It stands out in the DeFi space by directly integrating with Serum, Solana's largest decentralized exchange (DEX), to facilitate its swap system. Launched in February 2021, Ren quickly gained traction due to its unique approach to addressing common DeFi challenges, such as slow transaction speeds and high costs, particularly evident in Ethereum-based AMMs. By leveraging the Solana blockchain, Ren offers a solution characterized by speed and affordability, making it a significant player in the burgeoning DeFi landscape.

The platform's integration with the Solana ecosystem and Serum DEX enhances its liquidity, a crucial factor for any AMM. This integration allows Ren to access a broader range of liquidity sources, improving the trading experience for its users. The growing interest in DEXs and the AMM model, as seen in platforms like Uniswap, Aave, and SushiSwap, underscores the potential and importance of Ren in the DeFi space.

Resources

Official Website: https://renprotocol.org/

How Does Ren Work?

Ren Virtual Machine (RenVM) is a powerful solution that performs private computations over a decentralized network. RenVM operates as a trustless custodian of cryptocurrencies, ensuring that every tokenized asset on its network is backed by an equivalent amount of the original asset. This system employs several advanced technologies to maintain privacy and security:

- Shamir’s Secret Sharing: This cryptographic method splits sensitive data into multiple parts, distributed among various network participants. This process not only conceals private keys within the RenVM network but also safeguards them from potential vulnerabilities.

- Secure Multiparty Computation (sMPC): This algorithm allows code to run without revealing its inputs or outputs, fostering private data sharing among different entities. It's a pivotal feature for maintaining privacy in data transactions.

- Byzantine Fault Tolerance (BFT): This algorithm enables the Ren network to function effectively, even if some nodes fail. It enhances the reliability of the blockchain by preventing system failures and false transactions.

- Hyperdrive: RenVM's consensus mechanism, which processes transactions rapidly, achieving confirmations in a remarkably short time. This mechanism is based on a high-speed, low-latency gossip protocol, offering scalability for cross-chain interactions.

Additionally, Ren introduces the concept of Darknodes, which are decentralized nodes that contribute to the network's security and efficiency. These nodes require a bond of REN tokens to operate, creating a stake in the network's ongoing health and integrity.

What Is REN Token?

REN is the native token of the Ren ecosystem. It has a total supply capped at 1 billion tokens. The token serves multiple purposes within the Ren network:

- Staking for Darknodes: To operate a Darknode, participants must lock a significant amount of REN tokens, which helps secure the network.

- Transaction Fees: While users don't need to hold REN to access the platform, the token is used to pay transaction fees and compensate Darknode operators.

- Governance and Incentives: Holding REN tokens can also involve participating in governance decisions and earning rewards for contributing to the network's stability and growth.

What Determines Ren’s Price?

The price of Ren, like many cryptocurrencies, is influenced by a complex interplay of factors, pivotal in the volatile and dynamic world of blockchain and digital assets. One of the primary drivers is market demand, which is closely tied to the utility and adoption of the Ren protocol. As Ren facilitates seamless and secure cross-chain transactions, its increasing use in the burgeoning DeFi (Decentralized Finance) sector can significantly boost demand. This demand is often reflected in the trading volume of REN tokens across various cryptocurrency exchanges. Furthermore, the success of RenVM (Ren Virtual Machine) in providing interoperability solutions between isolated blockchain networks also plays a crucial role. As more assets are tokenized and transferred via RenVM, the intrinsic value of the REN token is likely to rise, reflecting its growing utility in the ecosystem.

Another critical factor in determining Ren's price is the broader sentiment in the cryptocurrency market. Like other digital assets, REN is subject to market trends, investor sentiment, and regulatory news, which can cause price fluctuations. Additionally, the fixed supply of REN tokens – capped at 1 billion – introduces a scarcity factor, often a key consideration in asset valuation in the crypto space. The staking mechanism for operating Darknodes also impacts the price, as it locks a significant portion of the total supply, potentially reducing market circulation and creating upward pressure on the price. Moreover, strategic partnerships, integrations with popular DeFi platforms, and technological advancements within the Ren ecosystem can further influence investor confidence and, consequently, the token's market value. As the blockchain and cryptocurrency landscape continues to evolve, Ren's position as a facilitator of cross-chain liquidity and privacy-preserving transactions will remain central to its valuation in the market.

For those interested in investing or trading Ren, one might wonder: Where to buy REN? You can purchase REN on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

How to buy Ren (REN)

Buying Ren on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Ren (REN) .

Trade REN perpetual futures

After having successfully signed up on Bitget and purchased USDT or REN tokens, you can start trading derivatives, including REN futures and margin trading to increase your income.

The current price of REN is $0.06192, with a 24h price change of +0.06%. Traders can profit by either going long or short onREN futures.

Join REN copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or REN tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Ren.

What is the current price of Ren?

We update our Ren to USD price in real time. Get the live Price of Ren on Bitget.

What is the 24 hour trading volume of Ren?

Over the last 24 hours, the trading volume of Ren is $10.25M.

What is the all-time high of Ren?

The all-time high of Ren is $1.83. This all-time high is highest price for Ren since it was launched.

Can I buy Ren on Bitget?

Yes, Ren is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Ren guide.

Can I get a steady income from investing in Ren?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Ren with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Ren online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ren, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ren purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

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REN is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support REN trades.
You can trade REN on Bitget.

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REN/USDT

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