Welcome to bulliscoming Ren Price Prediction. The current CoinMarketCap ranking is #98, with a live market cap of $963,996,956 USD. It has a circulating supply of 997,764,051 REN coins and a max. supply of 1,000,000,000 REN coins.
What Is Ren (REN)?
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
How Does RenVM Actually Work?
RenVM uses secure multi-party computation (sMPC), which is a subfield of cryptography that allows parties (nodes) to jointly compute a function over their inputs while keeping those inputs private.
The inputs are kept hidden from everyone, including the nodes that power them. This means that private key pieces are split up within each node, so that not even the nodes know which pieces they have.
Ren’s network — since it is able to manage private keys on multiple blockchains — is able to freely move cryptocurrencies across these blockchains.
This ultimately allows RenVM (a network of nodes) to securely manage (ECDSA) private keys on different blockchains, making it an autonomous agent that can move digital assets between these blockchains in a permissionless and decentralized way.
Technically speaking, RenVM is a byzantine fault-tolerant protocol that does ECDSA threshold key generation and signing via sMPC.
What Is the Role of the REN Token?
The REN token is used as a bond to run a node (aka Darknodes, since they are in the “dark” about which information they are processing), which powers the sMPC network (RenVM).
The decentralized network of Darknodes is permissionless, but to prevent the forging of a large number of identities, a good behavior bond of 100,000 REN tokens is required in order to register and run a Darknode.
This prevents malicious adversaries from running an unbounded number of Darknodes and overwhelming the network with misbehaving Darknodes.
This requirement is similar to the way that proof-of-work uses computational work to restrict block production, or the way that proof-of-stake uses staked tokens to restrict block production.
\For every Darknode that you register, you will need to acquire 100,000 REN and be prepared to bond it into an Ethereum smart contract.
This bond will be returned after the Darknode is deregistered. Every time RenVM moves an asset from one blockchain to another, it takes a small fee.
Darknodes (and those who run them) earn these rewards (in BTC, ETH, ZEC, etc.) for contributing to the network.
Who Are the Founders of Ren?
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.
Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.
Ren Price Prediction 2021
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Feb 2021 | $1.83 CAD | 52.57 % |
| Mar 2021 | $1.99 CAD | 65.96 % |
| Apr 2021 | $2.02 CAD | 68.6 % |
| May 2021 | $1.97 CAD | 64.36 % |
| Jun 2021 | $1.71 CAD | 42.78 % |
| Jul 2021 | $1.96 CAD | 62.99 % |
| Aug 2021 | $1.57 CAD | 30.58 % |
| Sep 2021 | $1.89 CAD | 57.68 % |
| Oct 2021 | $1.61 CAD | 34.52 % |
| Nov 2021 | $1.57 CAD | 30.57 % |
| Dec 2021 | $1.63 CAD | 35.98 % |
Ren Price Prediction 2022
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2022 | $2.08 CAD | 73.34 % |
| Feb 2022 | $2.39 CAD | 99.11 % |
| Mar 2022 | $2.08 CAD | 73.28 % |
| Apr 2022 | $2.04 CAD | 70.35 % |
| May 2022 | $2.15 CAD | 79.2 % |
| Jun 2022 | $2.07 CAD | 72.65 % |
| Jul 2022 | $2.39 CAD | 99.06 % |
| Aug 2022 | $1.81 CAD | 50.95 % |
| Sep 2022 | $2.08 CAD | 73.25 % |
| Oct 2022 | $2.39 CAD | 99.1 % |
| Nov 2022 | $1.8 CAD | 50.36 % |
| Dec 2022 | $1.81 CAD | 50.56 % |
Ren Price Prediction 2023
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2023 | $2.37 CAD | 97.29 % |
| Feb 2023 | $2.06 CAD | 72.02 % |
| Mar 2023 | $2.49 CAD | 107.87 % |
| Apr 2023 | $2.37 CAD | 97.34 % |
| May 2023 | $2.56 CAD | 113.07 % |
| Jun 2023 | $2.55 CAD | 112.22 % |
| Jul 2023 | $2.25 CAD | 87.18 % |
| Aug 2023 | $2.35 CAD | 95.62 % |
| Sep 2023 | $2.46 CAD | 104.85 % |
| Oct 2023 | $2.23 CAD | 85.61 % |
| Nov 2023 | $2.22 CAD | 85.13 % |
| Dec 2023 | $2.9 CAD | 141.82 % |
Ren Price Prediction 2024
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2024 | $2.77 CAD | 130.76 % |
| Feb 2024 | $3.17 CAD | 164.44 % |
| Mar 2024 | $3.23 CAD | 168.97 % |
| Apr 2024 | $3.35 CAD | 179.12 % |
| May 2024 | $3.34 CAD | 178.31 % |
| Jun 2024 | $2.88 CAD | 139.63 % |
| Jul 2024 | $2.69 CAD | 124.13 % |
| Aug 2024 | $2.51 CAD | 109.21 % |
| Sep 2024 | $2.41 CAD | 100.47 % |
| Oct 2024 | $2.53 CAD | 111.25 % |
| Nov 2024 | $3.29 CAD | 173.8 % |
| Dec 2024 | $2.89 CAD | 140.65 % |
Ren Price Prediction 2025
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2025 | $4.07 CAD | 238.87 % |
| Feb 2025 | $3.81 CAD | 217.93 % |
| Mar 2025 | $4.02 CAD | 235.18 % |
| Apr 2025 | $3.23 CAD | 168.82 % |
| May 2025 | $3.77 CAD | 214.08 % |
| Jun 2025 | $3.1 CAD | 158.41 % |
| Jul 2025 | $4.09 CAD | 240.61 % |
| Aug 2025 | $3.87 CAD | 222.76 % |
| Sep 2025 | $3.76 CAD | 213.35 % |
| Oct 2025 | $3.5 CAD | 191.53 % |
| Nov 2025 | $3.44 CAD | 186.94 % |
| Dec 2025 | $3.78 CAD | 215.21 % |
Ren Price Prediction 2026
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2026 | $4.35 CAD | 262.68 % |
| Feb 2026 | $4.44 CAD | 270.4 % |
| Mar 2026 | $4.02 CAD | 235.36 % |
| Apr 2026 | $4.45 CAD | 270.7 % |
| May 2026 | $3.98 CAD | 232.03 % |
| Jun 2026 | $3.95 CAD | 229.14 % |
| Jul 2026 | $3.76 CAD | 213.25 % |
| Aug 2026 | $4.17 CAD | 247.46 % |
| Sep 2026 | $4.21 CAD | 250.5 % |
| Oct 2026 | $3.72 CAD | 210.05 % |
| Nov 2026 | $4.25 CAD | 253.85 % |
| Dec 2026 | $4.49 CAD | 274.08 % |
Ren Price Prediction 2027
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2027 | $4.49 CAD | 274.08 % |
| Feb 2027 | $4.49 CAD | 274.08 % |
| Mar 2027 | $4.49 CAD | 274.08 % |
| Apr 2027 | $4.49 CAD | 274.08 % |
| May 2027 | $4.49 CAD | 274.08 % |
| Jun 2027 | $4.49 CAD | 274.08 % |
| Jul 2027 | $4.49 CAD | 274.08 % |
| Aug 2027 | $4.49 CAD | 274.08 % |
| Sep 2027 | $4.49 CAD | 274.08 % |
| Oct 2027 | $4.49 CAD | 274.08 % |
| Nov 2027 | $4.49 CAD | 274.08 % |
| Dec 2027 | $4.49 CAD | 274.08 % |
Ren Price Prediction 2028
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2028 | $5.38 CAD | 348.58 % |
| Feb 2028 | $5.54 CAD | 361.9 % |
| Mar 2028 | $5.33 CAD | 344.37 % |
| Apr 2028 | $5.03 CAD | 319.48 % |
| May 2028 | $5.24 CAD | 336.7 % |
| Jun 2028 | $5.12 CAD | 326.9 % |
| Jul 2028 | $4.9 CAD | 308.4 % |
| Aug 2028 | $5.85 CAD | 387.48 % |
| Sep 2028 | $4.83 CAD | 302.39 % |
| Oct 2028 | $5.74 CAD | 378.25 % |
| Nov 2028 | $5.77 CAD | 381.13 % |
| Dec 2028 | $4.84 CAD | 303.34 % |
* Our predictions are made on the basis of Historical Data. We are not responsible for any profit/loss.
What Makes Ren Unique?
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.
As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings.
More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example, Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).
RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which make up RenVM are called Darknodes.
Ren charges various fees for internal operations, but most do not go towards direct profitability, instead of being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.