Ren Price Prediction – 2022, 2025, 2030

Ren is a community-driven open-source protocol. It has enabled its customers to move their assets across platforms. This token movement generates cross-chain liquidity. The protocol’s zero-knowledge technology is intended to provide interoperability. Ren’s main goal is to make DeFi more accessible by addressing the liquidity issues that blockchains face.

Ren has spared its users the extra step of converting their tokens into wrapped versions. It has enabled decentralized finance projects to include foreign cryptos in their asset offerings. People appreciate the ease of moving their tokens between blockchains without converting them to their wrapped version, such as Wrapped Ethereum (WETH) for Ethereum.

Dark nodes are machines that run the Ren blockchain and power the Ren network, a network of virtual computers comprising the RenVM machine (Ren Virtual Machine). This cryptocurrency guide will uncover everything you need about REN and its features. Nevertheless, our primary focus will remain on the REN price prediction from 2022 to 2030.

What is the REN?

Ren ecosystem creates and operates privacy-preserving applications based on zero-knowledge proof (zk-SNARK). This protocol requires a party to disclose the information it possesses without jeopardizing its security. This platform allows decentralized apps to run smoothly with secure input that is not visible even to network participants.

Functional Layers of the Ren Platform

The REN protocol is divided into three functional layers.

  • Zero-Knowledge Layer: The zero-knowledge layer allows transactions in the blockchains. This layer services like storing and transferring the cryptocurrencies without revealing the transaction amount to other participants on the network.
  • Interoperability Layer: The interoperability layer is an extension of the zero-knowledge layer. It provides the execution of trading tokens across different blockchains. This layer acts as a road for tokens to move from one platform to the other making their trading possible.
  • Dark Pool Layer: The dark pool layer allows private transactions by letting users open orders. However, it does not require customers to share the order price or volume. Instead, users resolve order matches without revealing such information to any other party, including the platform itself.

The Tech Used by Ren Virtual Machines

RenVM is used by the protocol. Ren Virtual Machines is comprised of a network of decentralized machines known as Darknodes. These machines allow token trading on the blockchain.

RenVM’s distinct privacy feature is made possible by the following cutting-edge technology:

  • Shamir’s Secret Sharing (SSS) 

Shamir’s Secret Sharing (SSS) is a cryptographic technology that divides participants’ private data into different parts. 

The Ren protocol employs this technology to conceal data in its network from both participants and Darknodes.

  • Secure Multiparty Computation (sMPC)

Secure Multiparty Computation (sMPC) is a cryptographic algorithm that allows the developer’s code to run smoothly while keeping its inputs and outputs private.

  • Byzantine Fault Tolerance (BFT) 

The Byzantine Fault Tolerance (BFT) algorithm ensures that the Ren blockchain continues to function even when some of the nodes in the Darknode fail.

  • Hyperdrive

The Ren platform’s consensus mechanism, Hyperdrive, enables transactions on the blockchain to move at breakneck speed.

Fundamentals of Ren (REN)

When was it first introduced?

Ren was first introduced in 2017 under Republic Protocol, which was later changed in 2018. Taiyang Zhang and Loong Wang founded Ren as a management team. Ren’s current advisor is Taiyang Zhang, and Ren’s chief technology officer is Loong Wang.

Native Token Name: Ren

What Is the Goal of REN?

Ren’s goal is to provide its users with service interoperability by allowing them to transfer cryptos across blockchains. It enables users to lock different cryptocurrencies into the Ren software to mint ERC-20 equivalent tokens (RenBTC, RenBCH, RenZEC) on the Ethereum platform in a 1:1 ratio. In addition, the Ren protocol allows users to use newly converted coins as DeFI products for various purposes while keeping their original assets secure in the Ren software.

How Does REN Function?

The Ren platform is powered by the Ren Virtual Machine, also known as RenVM, a decentralized network of machines that powers it. Darknodes are machines that provide computational power and storage to RenVM in exchange for fees.

This process enables cryptocurrency trading and movement across blockchains; users receive a BTC for each token minted.

IMX Use Case: There is no specific use case for the REN token. It is a link for the Darknode, increasing the protocol’s privacy and scalability. However, as the number of Darknode operators grows, the REN price and market capitalization will rise, making Ren a successful crypto platform.

Tokenomics for REN

Ren (REN) is currently ranked #169, with a market cap of $123,784,760. The current live price of the REN coin is $0.12, and price has moved price has moved 1.37% in 24-hour with a trading volume of $26,086,916. There are 999,037,500.36 REN coins in circulation, representing 100% of the maximum supply of 1,000,000,000.

REN Price Chart: Source Tradingview

Price History of REN

In 2017, the REN coin was made available for trading. On February 20, 2021, REN reached an all-time high of $1.83, but the REN coin reached an all-time low of $0.01548 four years ago. Today’s live REN price is $0.12, with a 24-hour trading value of $25,997,213. It has a 0.01 percent share of the market. The REN price changed by 1.37% in 24 hours, and the current price has risen 712.33 percent from its all-time low. 

  • All-time high price: $1.83 on February 20, 2022.
  • All-time low price: $0.01548 on November 27, 2018.

REN Coin Overview

Ren’s ticker symbol is REN. It acts as a bridge for the Darknode, which powers RenVM. Users are rewarded for their efforts on the Darknodes.

Many exchanges, including Coinbase, Binance, and Huobi Global, accept REN coin trading, buying, and selling. They are sold in cryptocurrency, fiat, and stable coin pairs. Customers use their wallets to send and receive REN coins, despite REN coins allowing trading through digital wallets.

Ren (REN) Overview Source: Coinmarketcap

Ren allows a minimum withdrawal of 31 coins and a maximum withdrawal of 1,000,000 REN coins. REN is currently ranked #169 in the world. It currently has a market capitalization of $123,784,760.999,037,500. Currently, 36 REN coins are in circulation, with a maximum supply of 1,000,000,000.

REN Price Predictions

Are you looking for REN price predictions for 2022, 2023, 2024, 2025, and 2030 and want to comprehend where REN prices can go in the future? We’ll look at the historical Ren (REN) price and see what technical analysis suggests about the Ren price forecast.

The Ren (REN) price predictions are solely based on technical analysis, and I will be using a series of technical indicators such as moving averages, trendlines, Fibonacci retracement, RSI, and MACD to determine the REN price prediction.

Let’s first look at the REN price prediction for 2022 to 2030.

REN Price Prediction 2022

Despite its early stage, the distinct solution to provide liquidity and interoperability on platforms has secured a decent position for REN tokens in the crypto market. As a result, the price drop is standard for a cryptocurrency in the crypto universe.

REN’s price is expected to rise as the market anticipates entering its bullish zone. According to our research, the average price of REN by the end of 2022 will be $0.18. The maximum price is expected to be $0.20, with a minimum price of $0.17.

REN Price Prediction 2023

With Ren tokens’ collaboration with notable blockchains, the price of REN is expected to skyrocket. Our analysts expect the REN price to reach a high of $0.30 by the end of 2023. The average trading price could reach $0.26. However, due to market volatility, these expectations may not be met.

REN Price Prediction 2024

If the current trend continues until 2024, when it may exceed $0.45 at the maximum price, REN may gain. However, due to market volatility, the goal may not be met. REN is expected to begin trading in 2024 with a minimum fee of $0.38.

REN Daily Price Chart: Source Tradingview

REN Price Prediction 2025

REN is attempting to boost market sentiment by utilizing different currencies for movement across various blockchains; if successful, the trading value may remain stable for the next five years. According to our forecast, the price will reach $0.66 at the highest rate. By the end of 2025, the average price will be around $0.58.

REN Price Prediction 2026

The rising trend of attracting new investors will drive up REN prices in the coming years. By the end of 2026, the average price of REN will be $0.87. With further cooperation, REN is expected to reach a maximum price value of $0.98, indicating a bullish trend.

REN Price Prediction 2027

According to our analysts, Ren will surpass its all-time high by 2027. This year will end with a $1.22 average price. The predictions may not come true, but the maximum price could reach $1.45 with a minimum price value of $1.18. The trend could decrease in a bearish market, with the REN price falling.

Ren Monthy Price Chart: Source Tradingview

REN Price Prediction 2028

REN has excellent long-term investment opportunities. The current crypto market scenario is ideal for REN to emerge as the industry’s leading crypto platform by 2028. REN’s average price will rise to $1.81, with a minimum trading value of $1.78. However, if the price continues to increase, it will surpass $1, bringing the maximum price of REN to $2.07.

REN Price Prediction 2029

With all the rising trends, investors flock to Re, boosting its growth and value. The year 2029 is expected to have a bullish trend. According to optimistic forecasts, the cost of REN will likely range between $2.60 and $3.13. Depending on fluctuations, the average trading price will be in the $2.60 to $2.69 range.

REN Price Prediction 2030

We predict that the Ren platform will accept all cryptocurrencies to be moved across different blockchains using its protocol. This will propel REN to new heights, attracting all types of currency holders interested in REN. According to our analysts, the minimum price will be $3.66 by the end of 2030. The highest trading value will be $4.41, with an average price of $3.79. Prices may vary due to market trends.

Conclusion

According to our ren price forecast, the digital market’s coming years will benefit REN. With the addition of cryptocurrencies to its platform and partnerships with Ren, REN will be on a bright and smooth path. These advancements will contribute to the REN price skyrocketing, surpassing its all-time high and setting new records.

The increased interest and recent price increase in the REN Coin have proven its worth as a decently profitable coin. The Ren platform is an excellent investment for those with a long-term investment strategy. However, with the trend of REN price increasing over the years, we believe this year will be an excellent time to invest for long-term profits. Keep an eye on our price predictions for more cryptocurrency forecasts of the latest and most popular altcoins.

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Arslan Butt Verified

Arslan is a Financial Analyst, Live Webinar & Derivatives Speaker (Cryptocurrencies, Forex, Commodities, and Indices) with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.

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