Transferring currencies from one digital wallet to another isn’t that hard. However, it’s much harder to transfer different currencies from one blockchain infrastructure to another. Cryptocurrencies built of one blockchain ecosystem, like Ethereum, aren’t able to interact with non-Ethereum tokens (Bitcoin, Litecoin, etc.) on the same blockchain.

As a result of these lapses, there is a need for a new peer-to-peer private exchange that provides a solution in the cryptocurrency space by allowing traders to buy or sell any cryptocurrency on any blockchain. The new peer-to-peer exchange will let investors trade any token without needing any middlemen while enjoying an unmatched privacy level.

Today’s Ren price is $0.143095 USD with a 24-hour trading volume of $18,138,372. Ren is up 5.99% in the last 24 hours. The current CoinMarketCap ranking is #154, with a live market cap of $142,957,679. It has a circulating supply of 999,037,500 REN coins and a max. supply of 1,000,000,000 REN coins.

What Is Ren Crypto?

Ren is an open-source protocol designed to ensure the confidential transfer of values between different public blockchains. Basically, Ren provides financial liquidity to various blockchain platforms. Ren is an ecosystem for building, deploying, and running general-purpose, privacy-preserving applications and moving averages using a secure multiparty computation protocol.

It makes it possible for any application to run in a decentralized protocol, trustless, and fault-tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and states remain a secret to the participants running the network. 

The Ren Company’s main product is RenVM which enables decentralized financial interoperability. The project’s main goal is to expand existing dApps and create entirely new business cases with support levels within the decentralized world.

Ren (REN) is the internal token of the Ren ecosystem. Ren coin (REN) is the internal token of the Ren ecosystem.

What Ren offers

The Ren team founded Ren blockchain technology in 2017 as the Republic Project before rebranding as Ren in 2019.

Its founders, Tiayang Zhang and Loong Wang were software engineers in the financial markets that wanted to make crypto exchange built on different blockchain networks more liquid and easily traded without going through a centralized exchange.

What makes Ren different? 

Instead of buying BTC and ETH separately, the Ren protocol lets you store your Bitcoin in a type of smart contract, in which you will then receive an equivalent quantity of BTC or crypto assets to use how you want. The contract is a type of CFD (Contract For Difference) that pay different investor price based on their investment.

For example, you could buy Ethereum price-based altcoins or lend your ERC20 token out for interest. Meanwhile, your bitcoin remains stored as a type of collateral through the Ren smart contract. 

If you want to unlock your funds such as Bitcoin, you have to pay a fee in REN tokens, which is how the Ren network is maintained. Just like how Ether is the coin that fuels the ETH platform, Ren tokens are the coin that makes the Ren platform work.

At the same time, Ren champions itself as a privacy-oriented platform. It lets users collateralize their existing crypto to access other blockchain tokens without leaving a trace on a decentralized finance ledger. 

According to the Ren whitepaper, users can store and transfer tokens without revealing the transaction amounts or their wallet balances. Currently, Ren can transfer Bitcoin, Bitcoin Cash, ZCash, BTC, and Dogecoin onto the Ethereum blockchain.

Ren Market Dynamics

This comprehensive Ren price Prediction and technical analysis provide a better insight into the current situation, and future expectations concerning the price of Ren. It will help readers understand what’s going on in the crypto market right now, adjust the trading strategy accordingly, and make calculated investment and trading decisions in the future. This could be informed if the trader can identify important resistance using the relative strength index, and forecast the price direction using buying or selling pressure in the current crypto market.

Ren is a non-mineable token presently priced at 0.351400 USD and has a market capitalization of $350 614 407, which puts it at 81st position in the global cryptocurrency rating. The currently available supply of Ren is 997 763 051 tokens.

It is important to grasp the projected changes in the supply of the native token to properly calculate future market cap, hence the future price or forecast of the cryptocurrency under review, thereby enabling you to get a reasonable REN price prediction. Most traders come to the cryptocurrency ecosystem and more particularly, the REN community searching for digital assets that promise high and extremely high returns, which is achieved, among other things, through volatility inherent to this space.

And even though the capability of most cryptocurrencies to showcase tremendous gains has been hampered by recent crises, they remain the point of attraction for those who see this platform as a good current investment alternative to stocks, Forex, and other traditional markets.

The data allows us to assess the overall strength of the trend, which, in turn, provides the means for a more precise REN price forecast and predicts the shifts in supply and demand that play a decisive role in price changes in both the immediate and distant future.

To better understand recent REN market fluctuations and the REN cryptocurrency, we introduce the Ren price projection to clearly depict the present price dynamics and offer some hints at the possible scenarios of future price action.

Volatility and Price Action

Volatility represents an essential aspect of crypto trading. Crypto Rating always proceeds from a range of factors when analyzing the price of Ren and offering short, medium, and long-term price projections using our proprietary algorithm that successfully incorporates artificial intelligence and, specifically, data.

According to the various technical analysis from Ren, the trading volume for the past 24 hours is 26 584 183 USD which constitutes an increase from the previous day.

The current tendencies about changes in the average trading volume reveal the increasing demand for REN tokens against the backdrop of the decreasing supply of the corresponding cryptocurrency.

At Cryptopolitan, we do our best to provide accurate price predictions that support a wide range of digital coins like REN. Our analysis concludes a plausible maximum supply data, maximum price, average price, and minimum price. In fact, our use of some of the most commonly used indicators ensures we get approximately correct forecasts and enable traders to get reward earnings.

Forecasting Process

We update our predictions daily, working with historical data, opening price, and closing price, and using a combination of linear and polynomial regressions.

However, no one can predict the prices of the cryptocurrency market with total certainty; thus, it is crucial to understand that the following price predictions serve merely as a suggestion of possible price development and are not intended to be used as investment advice.

Ren Technical Analysis

Ren price movement is bullish and has been trading between a range of $0.16 to $0.13 and is currently trading at $0.1339.The market has seen some volatility over the past few days, with prices going up and down. However, the overall trend seems to be bullish. support levels are present at $0.12 and $0.11, while resistance levels are at $0.14 and $0.15.Ren‘s current price is trading just below the $0.14 resistance level, and a breakout above this level could see prices move higher towards the $0.15 resistance level.

The 100 SMA is trading below the 200 SMA on the 4-hour timeframe which indicates that the path of least resistance is to the downside. However, the market looks poised for a breakout above the $0.14 resistance level which could see prices move higher toward the $0.15 level. The Moving Average Divergence Convergence (MACD) indicator is currently on the verge of a bullish crossover which could see prices move higher in the near term.

The RSI is currently trading at 42 which indicates that the market is neither overbought nor oversold at this time. A break above the $0.14 resistance level could see prices move higher towards the $0.15 resistance level.

The market looks poised for a breakout above the $0.14 resistance level which could see prices move higher towards the $0.15 resistance level in the near term. However, the longer-term trend remains bearish as prices are still trading below the 200 SMA. A break below the $0.12 support level could see prices move lower towards the $0.11 support level.

REN Coin Price Prediction by Authority Sites

Wallet Investor

According to Wallet Investor, they suggest it is a “bad” long-term investment. The site thinks REN will fall below $0.009 in a year’s time, with no prospect of a recovery. Their long-term Ren Price Prediction is that by 2025, REN will have fallen to just $0.002.

TechNewsLeader

This website has a more positive outlook, believing that REN will reach $0.26 by the end of 2022. They see it slowly declining over the next two years but then picking up again in 2025 to 2026 when it will start to climb steadily until it reaches $5.45 by the end of 2031.

Price Prediction net

Ren price projections on the Price Prediction net are more optimistic than most, with the site believing that REN will reach $0.19 by the end of 2022. They see it then falling back to a minimum price of $0.25 in 2023 but then climbing steadily until it reaches $0.64 by 2025 and then $5.90 by 2030.

Cryptopolitan

Ren Price Prediction 2022

According to the recent price movement and technical analysis, it seems like the market is headed for a breakout above the $0.14 resistance level which could see prices move higher and the maximum price expected for 2022 is $0.19.An average price of $0.18 and a minimum price of $0.17 is also possible by December 2022.

Ren Price Prediction 2023

Ren Price forecast for 2023 suggests the prices might hit a maximum price value of $0.30 and an average price of $0.26, with a minimum trading value of $0.25.

Ren Price Prediction 2024

In the year 2024, the prices are expected to spike to a maximum value of $0.44.Ren token is forecasted to attain an average trading price of $0.38 and a minimum price of $0.25.

Ren Price Prediction 2025

As per the 2025 Ren Price Forecast, the prices might hit a maximum of $0.64. The average price is also predicted to be $0.53, and the minimum value expected is $0.51.

Ren Price Prediction 2026

The year 2026 looks promising for REN as it is forecasted to attain a maximum price value of $0.89. The average price is also expected to be $0.75, and the minimum trading value is predicted to be $0.73.

Ren Price Prediction 2027

The prices are forecasted to hit a new all-time high in 2027 and might touch $1.22 as the maximum price. The average price is predicted to be $1.07, and the minimum trading value is expected to be $1.04.

Ren Price Prediction 2028

2028 looks like a great year for REN as it is forecasted to attain a maximum price of $1.80. An average price of $1.56 and a minimum price of $1.52 is also possible by December 2028.

Ren Price Prediction 2029

The prices might hit a maximum of $2.74 in 2029 and an average price is also predicted to be $2.47, with a minimum value expected of $2.40.

Ren Price Prediction 2030

In the year 2030, the Ren token is expected to attain a new all-time high and the prices might hit $4.15 as the maximum price. The average price is also expected to be $3.56, and the minimum price is predicted to be $3.46.

Ren Price Prediction 2031

Crypto adoptions in the year 2031 are expected to be on the rise and REN might hit $5.90 as the maximum price. The average price is also expected to be around $5.02, with a minimum value of $4.88 by December 2031.

Conclusion

Bullish REN price prediction 2022 is based on the recent market trend and technical analysis. The Ren team is working hard to increase the adoption of the token, and this might lead to a price increase in the future. REN appears to be on a high note going into the year-end. These are just a few of the technical ratings and comments produced by our platform’s renowned specialists and analysts. The price predictions are not investment advice and one is advised to do own research before investing in any digital asset.

As it can be clear from the analysis cited above, Ren’s projections are rather contradictory but bullish. There is no universal consensus either about positive or negative future REN price movements.

Indeed, the possible future growth depends on various factors: announcements, new technological solutions of the Ren projects, the crypto environment in general, legal position, etc. We kindly remind you that it is essential to do your own research before investing in any cryptocurrency. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decis