Ren Price
What Info is Displayed on REN Price Chart?
The Paybis REN price chart displays the following data:
Live REN price
Current Market Cap of REN
24hr Volume of REN
Highest price of REN in the last 24 hours
Circulating supply of REN
Price of REN in 50+ fiat currencies
Ren Price Today
While the Ren price today is subject to market fluctuations, it reflects the growing interest in cross-chain functionality in the blockchain space. The Paybis Ren price chart offers an in-depth view of the REN price across various time frames and currencies. Users can:
View the live Ren price along with historical data.
Customize the chart to display REN's price in different fiat currencies.
Analyze the REN market cap, trading volume, and circulating supply for a comprehensive market overview.
Look for REN to USD calculator
Analyzing Ren Price Trends
Analyzing the price trends of REN is crucial for both short-term traders and long-term investors. The Paybis price chart provides valuable insights, helping users to understand:
The impact of market news and developments on REN's price.
Long-term trends versus short-term market movements.
How REN's role in DeFi and cross-chain liquidity affects its market value.
What is Ren?
Ren is a pioneering blockchain protocol known for its unique ability to provide liquidity between different cryptocurrencies. It enables seamless cross-chain lending, borrowing, and trading, without sacrificing security or liquidity.
Ren (REN) is the native token of this protocol and plays a vital role in its ecosystem. REN is utilized for transaction fees and as a bond by nodes that power the network, known as Darknodes.
This page is your go-to resource for tracking the live Ren price and understanding its market dynamics. You can use our REN calculator to understand its price better.
Who Invented REN?
Ren was initially developed by the software company Republic Protocol, founded by Taiyang Zhang and Loong Wang in 2017. Their vision was to address interoperability challenges in the blockchain world, leading to the creation of Ren as a solution for secure, permissionless cross-chain trading.
How Ren Works
Ren operates as a decentralized network, enabling the permissionless transfer of value between various blockchains. Its core component, the RenVM, serves as a virtual machine facilitating these transactions. Key features include:
Cross-Chain Liquidity: Ren allows for the exchange of assets between different blockchains, enhancing the liquidity and utility of digital assets.
Security: RenVM utilizes a network of Darknodes to ensure secure and private transactions. These nodes are incentivized by REN tokens to maintain network integrity.
Accessibility: By bridging blockchains, Ren opens up a world of decentralized finance (DeFi) applications, allowing users to leverage the unique benefits of various blockchains within a unified ecosystem.
How Will REN Price Change in the Future?
The future of Ren's price is tied to its adoption in the DeFi space and its ability to maintain secure, efficient cross-chain transactions. As blockchain interoperability becomes more crucial, Ren's role could become increasingly significant. However, like all cryptocurrencies, REN's price is subject to market dynamics and speculative forces. We recommend using the Paybis REN price chart as a reference for informed decision-making.
FAQs
What is the price of one REN?
The price of REN varies constantly. Refer to our live Ren price chart above to see the current value.
Who has the most REN?
Binance has over 190k REN tokens by December 2023.
How much REN is left?
The total supply of REN is capped, with a significant portion already in circulation. For the latest numbers, check our REN price chart. Moreover, Ren (REN) has a fixed supply cap of 1 billion tokens. As of now, there are over 999 million REN coins in circulation.
How many people own 1 REN?
There are over 62k wallets that hold at least 1 REN. But one person may own more than one wallet so it is difficult to estimate the exact number of individuals who own 1 REN or more.
What is the highest price of REN in history?
Historical peak prices of REN can be found on our price chart, offering a glimpse into its market performance over time.
