Ren, an open protocol built to provide interoperability and liquidity between different blockchain platforms, is really skyrocketing today. It’s up by almost 40% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Ren, this guide is for you.
Top places to buy Ren now
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What is Ren?
Formerly known as Republic Protocol, Ren launched its virtual machine mainnet in May last year. The Ren token serves as a bond for Darknodes, the running nodes that power RenVM. Ren aims to expand the accessibility and interoperability of decentralized finance (DeFi) by eliminating barriers associated with 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. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens.
Should I buy Ren today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more in Ren than you can afford to lose.
Ren price prediction
Wallet Investor predicts Ren will reach as much as $1.8, but at least $1.5 by the end of 2021. According to Digital Coin Price, Ren will go up to $1.3 by the end of this year.
Ren on social media
Host 2 Host also allows @CurveFinance LP tokens like $3CRV to be bridged, opening up new cross-chain collateral types for the entire ecosystem 🏦$renCRV token contracts👇https://t.co/exLBKkKn7x pic.twitter.com/7OWowhqWtN
— Ren (@renprotocol) December 14, 2021