Ren price prediction 2021 & 2025

Everything in this world has both sides good as well as bad. As the quote rightly says “every coin has two sides”. There will e many merits of a particular thing but there will be some demerits also and that’s the reason that the technology world is constantly working on updates of everything. When the world realized that there are many demerits in our fiat currency then they developed digital currency. The technology that has answers for all the demerits of fiat currency is the blockchain. Cryptocurrencies are based on this technology only.

The fiat currency already has many demerits then this pandemic has made it even worse. That’s why people started moving to other forms of currencies. And among them, cryptocurrency has proved to the best option. Cryptocurrencies have given a great return in the medium term and long term. But as with everything else, it also has some demerits. The main disadvantage of blockchain technology is its security-related issues. There are many new technologies that tried to resolve this issue but couldn’t be successful. Then the scientists have developed a new up-gradation in the decentralized finance called Ren.

This article will guide you through all the details about the new invention only.
First of all, let’s understand the meaning of Ren.

Ren – Introduction

Two classmates at Australian National University called Taiyang Zhang and Loong Wang have decided to work on their own software company that started programming for trading algorithms. Then Zhang has observed that people have to face many issues while trading in cryptocurrencies. He also discovered that these issues were faced because the transactions are public on the blockchain while trading in cryptocurrencies. That’s he invented Renvm. Zhang decided to take ethereum as the framework. Then he decided to collaborate with Wang because of his knowledge in coding distributed databases.

In the year 2017, Ren launched, and then it becomes the single open-protocol that facilitated movement in between blockchains. The central platform around which Ren operates is called RENVM that stands for Ren Virtual Machine. All exchanges that work on Ren across blockchains have a RENVM advantage. The Nodes are empowered by RENVM to calculate, authenticate, and process the cross-chain crypto instructions. And these nodes are called “Darknodes”. The whole ecosystem of Ren works around a scientific algorithm that distributes the orders in small segments so that the nodes are not made aware of the full amount of transaction. This enhances security especially because RENVM operates on Ethereum and all transactions on processed using ERC-20.

This the way Ren solves the biggest demerit of blockchain technology.

Ren – Partnerships

REN is not governed by any regulator or government. It is a peer-to-peer network that is governed by users’ machines which are called nodes weathering all monetary recessionary storms.
The founder of REN had realized that the individual functionality of operation is not sufficient for growth. So big names like Kyber Network, MATIC, Polychain Capital, and IDEX got added to take the project to higher levels.
These partnerships had guaranteed utility, security, and further enhanced the quality of RENVM. These alliances have brought a large number of users, investors, and developers to Ren.

Also Read : Ontology price predictiom

Ren- Features

• Universal web wallet

You can create a UX that is a universal wallet for any kind of crypto asset. Its public and private keys are stored and governed by the Ren network. It works the same as other wallets, you can access your funds from anywhere in the world.

• Enhanced DEX

It has a simple user-friendly trading interface UI that automatically adds liquidity pool on RenVM. By giving instructions to RenVM and after authentication at a fixed price, the funds are transferred by the pool from one RenVM-controlled wallet to another. This feature is similar to other exchanges but the difference is here that you are the master of your own funds and the pool is governed by computer logic.

Ren – Historic price movements

Renvm ICO made its debut in the year 2018, before its debut its price was 4 cents, and then after its debut, it reached 13 cents. But it didn’t last long and by the end of the year, it touched 1.5 cents. In the year 2019, when bitcoin was having a bull run it has also given a much-needed push to Ren and it reached its all-time high of 15 cents. By the end of the year 2019, the price of Ren has corrected to 9 cents. As Ren is a decentralized finance or DeFi token so it has a massive price retreat in the last 1 year. And with the growing popularity of DeFi, Ren is also showing an upward movement.

Ren – Future prediction

Today Renvm is trading at $1.08. In the year 2020, it has seen a transforming trend from the start to the end of the year. Experts say that Ren has a very aggressive trend giving it an optimistic view. Its price could rise massively if the partnerships continue. New partnerships will bring it into the limelight and many investors will be interested in it.

• Ren Price prediction 2021

The year has started with a bang for the whole cryptocurrency sector. And it is constantly following a bull run. We can expect that the price of Ren will be around $1.60 by the end of the year.

• Ren Price prediction 2022

The bull run may continue this year as well. And the price of Renvm will reach $1.85 on the upside and $1.50 on the downside.

• Ren Price prediction 2023

As per our forecast, the price of Ren will be around $2.14 on the upside, and on the downside, it will be around $1.90.

• Ren Price prediction 2024

This year the price will cross the level of $2.5 levels. On the upside, the price will touch $2.60 and on the downside, it will reach $2.30.

• Ren Price prediction 2025

5 years from now the price of Renvm will touch the levels of $3.30. And we look at the downside, then it can reach $2.80.

Ren has a great future ahead because of its unique technology. And with new partnerships, it will definitely give a great return in the long-run.

NOTE- All these price predictions don’t guarantee any price movements. We don’t recommend any kind of investments. All these predictions are on the basis of our research which can be wrong as well. Or you can have a different opinion as well. We don’t take responsibility for any profit or loss. Invest at your own risk.