A ‘rising’ price indicates that the weekly price has increased by more than 0.5%.
A price ‘on the decline’ indicates that the weekly price has decreased by more than 0.5%.
A ‘stable’ price indicates that the change in weekly price is between -0.5% and 0.5%.
The REN price today is $0.00432, a 0.47% change in the last 24 hours and 0% in the past week. REN’s 24-hour trading volume is 28.88M and its current market capitalization is $87.35M. REN price changed by 0% in the past year.
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What Is REN?
Ren is an open protocol used for transferring cryptocurrencies within blockchains. Its aim is to facilitate the movement of digital assets around a multi-chain decentralised finance ecosystem. The system integrates into existing infrastructure and claims to be 100x faster than atomic swaps, allowing users to access tokens from any blockchain using existing smart contracts without the need to wrap or unwrap tokens. REN is the protocol’s native cryptocurrency.
Ren was founded in 2017 by Taiyang Zhang, and in 2018 completed a $34mn initial coin offering (ICO). There is a maximum supply of 1bn REN tokens. In 2020 Ren launched its virtual machine mainnet, RenVM, with REN tokens functioning as a bond for those running nodes that power RenVM, commonly known as Darknodes. Ren is a complex platform, but its ultimate aim is to simplify investment in DeFi projects, overcoming common barriers to entry.
Find out more about the current value of REN tokens here on eToro.
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Select the "1D" or "1W" timeframe on the eToro chart and zoom out to see the historical price movements of REN. The price of REN has ranged between $0.00348 and $0.11839 over the last year.
To buy REN, visit the "REN (REN)" page. Once you have created an account and deposited funds, click the "Trade" button and decide how much REN you want to purchase. You can also place an order that will buy REN (REN) at a specific price in the future.