Overview
The Ren protocol (formerly known as Republic Protocol) offers interoperability to trade crypto across different blockchains. Users can easily lock any crypto like BTC (Bitcoin) in the Ren software. The users then mint the ERC-20 token like RenBTC in the proportion of 1:1 on ETH.
The tokens released on the Ren platform can be used in decentralized finance products for portfolio management, lending, trading, and borrowing purposes. The tokens submitted in the Ren software stay there and can be unlocked after paying a fee.
With such esteemed functionalities, it is no wonder that Ren is a renowned name in the crypto realm. That is why the web is filled with searches like Ren is, Ren profitable, and Ren’s price forecast?
The blog will shed some light on Ren’s future, so read through and expand your knowledge:
Growth of Ren Price So Far
Looking back at Ren’s previous price can help you make a viable Ren price forecast. It experienced two major price peaks, one in 2018 and one in 2019.
The first one came in May 2018 when it reached the 0.14 dollar mark. The second boost came in August 2019 when its price went 0.148 Dollars. Come April 2021, and Ren is locked at the cost of 0.8577 dollars.
Experts Talk on REN Coin, Will It Reach $10?
If experts are to be believed, the Ren price forecast shows an increase in the coming years. In April 2021 alone, the cryptocurrency has breached the 1 dollar mark several times. While its price is constantly growing, the pace is not all that impressive. By the time this year ends, Ren will comfortably sit around the dollar mark in the market value.
However, reaching the 10 dollars mark appears to be a distant goal for the crypto. As things are going, it will take Ren at least 7-8 years to showcase the signs of reaching the value of 10 dollars.
Is It the Right Time to Buy Ren?
The current price of Ren is around 0.86 dollars, and as per Ren’s price forecast, it will stay at 1 dollar by the end of 2021. Even in the coming years, Ren is expected to revolve around the dollar mark.
The time for cryptocurrencies is now, but Ren does not show the growth other promising cryptos show. While other emerging cryptos offer a growth rate of 100-400%, Ren is and will be stuck at the dollar mark for a long time.
Therefore, if you wish to Buy Ren, you can earn steady returns. To put things into a better perspective, Ren’s price will gradually grow from May 2021 to March 2022. After that, its price might show a sudden dip.
Thus, it can be said that right now is the ideal time to buy Ren. However, hoping for significant returns is only feasible in case of a miracle.
So, See Ren Price Forecast for Upcoming Years!
Now that you know what Ren is, its price history, and its current state, it is time to see what experts think about the Ren price forecast.
As things stand in April 2021, Ren is valued at around 0.86 dollars. Here is how its future price looks like:
- At the end of 2021: 1.17 dollars
- At the end of 2022: 1.03 dollars
- At the end of 2023: 1.22 dollars
- At the end of 2024: 1.41 dollars
However, it should be noted that these prices are predictions. Plus, even during these times, the price will fluctuate between its high and low. So, keep that in mind while investing.
In Conclusion
Ren is a popular name in cryptocurrency, and as the crypto circle grows, Ren is expected to grow with it. However, the question of will Ren reach 10 dollars value appears to be a challenging sale. Surely, Ren will increase in value, but its growth rate stays average. The blog has mentioned crucial information regarding Ren’s price forecast, so read through and gain more knowledge on the subject.
The post Can Ren Reach $10? Check Out the Ren Price Forecast appeared first on NameCoinNews.
