REN is a protocol aimed at solving blockchain issues such as compatibility and privacy. It creates completely secure financial applications. The REN developers sought to provide liquidity between different decentralized applications so that they could benefit each other and users.
REN cryptocurrency rate showed its ups and downs throughout the history of the coin. In March 2020, the price of crypto rose again. What is the future of REN? Find out in the Ren cryptocurrency price prediction for the next five years.
Ren (REN) Fundamental Values
REN can integrate with other blockchains and promotes new and old applications dApps, dApps, and DEXs. In this network, compatibility is distinguished by the following features:
- Natural integration with existing and new smart contracts, regardless of which blockchain they are created on.
- Zero knowledge. Using Zcash as part of an Ethereum contract does not require compromising Zcash’s zero-knowledge properties.
- Simplicity. No need to use special transactions or wallets.
- Scenarios that do not disclose information about yourself – inputs, status, outputs. These scenarios respond to events occurring in various chains and forward payments to different blockchains.
The system is built on the RenVM decentralized virtual machine, which is similar to the blockchain. It is equipped with Byzantine fault tolerance mechanisms. Any user can start a node on their computer and start supporting the network. Some features can even be performed offline.
There are three basic principles of virtual machine architecture:
- Decentralization. RenVM cannot be censored or controlled by any central authority. Everyone can activate the instructions built into the virtual machine, run their scripts, provide power to the network for a fee.
- Byzantine fault tolerance. The architecture is designed so that if 1/3 of the participants are not conspiring among themselves, then the instructions will be executed correctly, and the script parameters will be kept secret.
- Mobility. Failure is less than one-third of all devices that cannot result in loss of information from RenVM. Also, such failures are not an obstacle to the correct execution of tasks.
REN cryptocurrency uses the Tendermint consensus algorithm, characterized by several rounds of voting and fixing the height of the transaction block.
When entering the round, the leader offers a block of transactions. If the block is invalid, then Tendermint guarantees the addition of the next round and the election of a new leader.
|Asset Type||ERC-20 Token|
|Network type||Ethereum Blockchain|
|Curr. Supply / Total Supply||851,253,651 REN / 1,000,000,000 REN|
|ROI since launch||-36.64%|
Ren (REN) Price History
Ren cryptocurrency had two massive peaks in its price history. The first one was in May 2018, when the price of one REN token reached $0.14. The second happened in August 2019. Then the price reached its highest point of $0.148.
In January 2020, the rate began to grow again. However, the price fell along with the Bitcoin.
Ren (REN) Technical Analysis
Well, there is not actually any technical analysis expertise of Ren cryptocurrency. However, here is the aggregate rating for REN from several traders & analysts on TradingView.
Ren (REN) Price Prediction for 2020-2025
Here we aggregated the most popular price predictions for the next five years.
#1. Wallet Investor Ren (REN) Price Prediction for 2020-2025
According to the source, REN is a very good long-term (1-year) investment. The Ren price can go up from $0.0494 to $0.0685 in one year. In 2022, the price of one REN token can probably reach $0.099. The price will gradually increase and by the middle of 2025, it will rise to $0.139.
#2. Digital Coin Price Forecast REN for 2020-2025
According to this source, token rate will increase to $0.11 by the end of 2021. In 2023, the price of REN might go up to $0.14. In 2025, the price of REN will finally reach $0.2.
#3. Reddit Users Price Prediction
There are pros and cons of REN token and system.
|There are few competitors with similar capabilities.||Weak internet marketing.|
|Low fees.||In order to support the claimed large volume of transactions, the system requires first to acquire a large number of miners.|
|Strong team and advisers with extensive experience in blockchain technology.|
All the advantages make REN token a good investment. Especially if you want to diversify your portfolio, you can follow the project’s social nets to be updated about promotion and partnerships.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.