The price of REN, the token of REN Protocol, has been rising after an announcement it had been listed on world-recognized platform eToro yesterday. It has gained more than 4% so far today.
If you want to know what REN is, if it’s worth investing in, and the top places to buy REN now, you’re about to find out.
Top places to buy REN now
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What is REN?
Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings.
Should I buy REN today?
Most analysts are bullish on REN, but take price predictions and investment advice with a grain of salt. The amount you invest should be determined based on your individual risk tolerance.
REN price prediction
Wallet Investor predicts a long-term increase in Ren’s price. In January 2027, they forecast it will trade for $2.65. A 5-year investment will generate revenue of around +516%. A $100 investment made now might reach $616 in 2027.
REN on social media
How do you want to 2022 to look? Light☀️or dark🌑?
Who the heck uses light mode?😈
— zeroDAO (@zerodaoHQ) January 5, 2022