This Ren price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of the blockchain-centered asset of Ren and its native token has the potential to reach anywhere over $15 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Ren.
“Bitcoin will do to banks what email did to the postal industry”– Rick Falkvinge
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Whilst Ethereum was the first, there have since been hundreds of different blockchains produced to serve various needs in the crypto sphere. All of them are unique, but many of them face a similar problem. That is moving various crypto assets between different blockchains.
This is where Ren comes in. A protocol network used to move various cryptocurrencies between different blockchains and powered by its native REN crypto, it has seen increasingly popular and recent price surges in the wake of various network upgrades.
But are you wondering if it’s too late to start investing in Ren? You’re not alone, many people are curious about whether investing in it now is a good idea. I was one of those people until I began to use a range of factors to research the future price of Ren such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Ren. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Ren price prediction aims to answer all. But first, let’s start with just what it actually is and how it works.
What is REN?
Ren is a protocol network mainly used to move various cryptocurrencies between different blockchains. Its native currency of REN crypto is an Ethereum based token that powers the network.
Ren was originally started in 2017 when it focused on the creation of a decentralized dark pool where the orders executed in the blockchain are hidden. But later that year, its development team switched its focus to the interoperability between different blockchains.
Today, the aim of Ren is to bring popular assets like Bitcoin and Zcash to blockchains like Ethereum and enable them to participate in a multi-chain decentralized ecosystem. In addition, any decentralized app based on the Ethereum network can use Ren’s interoperability layer in their smart contracts.
In one of the most recent upgrades to the Ren network, a Polygon bridge was introduced. This caused a price surge for Ren and its native cryptocurrency as well as a flood of new users to the network, resulting in significant price gains for those who got on board at the right time.
Pros and cons of REN
Like any cryptocurrency, Ren has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Ren and its native cryptocurrency.
|✔️ Attractive low transaction prices.||❌ Weak marketing campaign.|
|✔️ The unique customer identification algorithm|
|✔️ It has gained the support of various financial institutions.|
Do you still have questions about REN? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about REN to give you a better understanding of the original digital asset and its price potential.
Who uses REN?
Ren network is used by those seeking to overcome the scalability problems, hurdles, and costs involved when it comes to moving various cryptocurrencies between different blockchain networks.
How does REN gain value?
Like most cryptocurrencies, the value of REN is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for REN is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can REN reach $1 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking to make passive income and investments, it’s not only possible that REN could reach $1 per token, it already did in February!
Where do people buy, sell, and trade REN?
You can buy, sell, and trade REN from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
REN Price History
When it initially launched in 2017, the initial coin price of Ren was under $0.4. But its popularity upon launch soon sent the price surging upwards to 13 cents in 2018, resulting in phenomenal gains for early investors.
However, this was unsustainable and by the summer of 2018, the price had dropped to a quarter of its original ICO price. But things were looking up. As Bitcoin saw a popularity surge in 2019, it gave various altcoins momentum and Ren was among them.
That year saw Ren reach an all-time high of $0.15 which held for a while until marginal corrections made a difference of 9 cents by the end of the year. Since then, Ren has marked a major price retreat.
Many believe that the current price drop means there has never been a better time to get involved with Ren. Only time will tell, but let’s see what the crypto experts have to say.
Expert analysis of the REN price potential
One of the best tools we can use to try and determine the potential future price of REN is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Trading Beasts are slightly bearish on the REN price prediction. Based on it continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $1.55836 per token by the end of the year and a price of $1.90586 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to REN, they are also bullish. Over the long term, WalletInvestor predicts that the price of REN could reach somewhere around $1.614 by the end of the year and $3.496 by the end of 2025.
DigitalCoinPrice is fairly bullish on its REN outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $1.68 by the end of 2021, $2.25 by the end of 2023, and finally, a figure of $3.47 per token by 2025.
Another rather bullish expert analysis on REN is CoinQuora. They predict the price of REN in 2021 to potentially reach up to $2.5 by the end of the year. By the end of 2023, they expect it to reach $7. But they expect the price to surge to $15 by the year 2025.
So from over $1 in the short term and up to $15 in the long term, the overall expert analysis on the future price of REN is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the REN price potential
Now we move on to technical analysis to try and predict the future price of REN. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Ren Price Prediction 2021 – 2022
In 2021, it’s possible that the price of Ren’s native crypto of REN can reach a minimum of $1.56034 and a maximum of $1.95043 by the end of the year.
Ren Price Prediction 2022 – 2023
In 2022, it’s possible that the price of Ren’s native crypto of REN can reach a minimum of $1.51070 and a maximum of $1.88837 by the end of the year.
Ren Price Prediction 2023 – 2024
In 2023, it’s possible that the price of Ren’s native crypto of REN can reach a minimum of $1.59907 and a maximum of $1.99883 by the end of the year.
Ren Price Prediction 2024 – 2025
In 2024, it’s possible that the price of Ren’s native crypto of REN can reach a minimum of $1.52468 and a maximum of $1.90586 by the end of the year.
The incredible functionality levels of REN have shown the ability to enable faster transactions. It has demonstrated itself to be not only reliable but highly valuable too. Overall, it’s a succesful project that aims to eliminate technological and operability hurdles for blockchain users with the potential to see significant ROI for patient investors.
Whilst many people can see the significant potential in Ren, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy REN?
REN is available to buy and trade on broker sites like eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on REN. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. REN is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of REN and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.