REN Price Analysis December 2021
$REN/USDT is a token of platform Ren. Its price is around $0.7573 by the time of writing, was at $0.2321 at the start of 2021, and has a market cap of 714 million dollars.
What is Ren?
Ren is a cryptocurrency project that aims to create a digital currency that offers better privacy and security founded by Arnaud Meysselle founded it in 2017.
Ren is a decentralized, global, open-sourced shadow project; its goal is to use blockchain technology to replace the traditional financial system and the current world economic system. It is the world’s first to use an adaptive block size protocol. Ren has been designed from scratch with new economic models and a new financial system. Ren allows for peer-to-peer transactions without the use of intermediaries, banks, or other centralized intermediaries.
What is $REN?
$REN/USDT is the coin of the Ren platform, which is around $0.7573 by the time of writing which was at $0.2321 at the start of 2021. Its current ranking is #118 according to CoinMarketCap, with a market cap of 714 million dollars.
It reached a high of $1.83 in 2021 with a low of $0.2321. It is a decentralized socio-economic network whose main objective is to create the world’s first digital currency, which offers users an alternative to traditional fiat currencies.
$REN Coin Market Analysis
It has a max supply of 1,000,000,000 coins with a total supply of 999,999,633 worth around $0.7573 with a market volume of 586 million dollars. In contrast, the market capitalization is 714 million dollars at writing.
$REN Price Prediction
On the 2D timeframe, the price is currently rejected from the main resistance trendline. However, it needs to break the resistance for continuing the upward trend.
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Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.