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Ren Price (REN)

Ren Price (REN)

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Crypto asset prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks.
$ 0.042247
-4.01%
1D
Page last updated: 2024-12-10 17:31 (UTC+0)
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Note: This information is for reference only.

Price of REN today

The live price of Ren is $ 0.042247 per (REN / USD) with a current market cap of $ 42.22M USD. 24-hour trading volume is $ 20.68M USD. REN to USD price is updated in real-time. Ren is -4.01% in the last 24 hours with a circulating supply of 999.33M.
REN Price History USD
Date ComparisonAmount Change% Change
Today$ -0.001763-4.01%
30 Days$ 0.001581+3.89%
60 Days$ 0.006754+19.03%
90 Days$ 0.004213+11.08%

REN Market Information

24h Low & High
Low: $ 0.038933
High: $ 0.046525
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 1.827187
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-1.26%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-4.01%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-10.92%
The percentage change in price for this asset compared to 7 days ago.

REN Market Information

Popularity
#731
Popularity is based on the relative market cap of assets.
Market Cap
$ 42.22M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 20.68M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
999.33M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 42.25M
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Audits
Fairyproof
Last audit: 2024-12-10

About REN

Ren is a decentralized finance ecosystem and protocol launched on the underlying Ethereum mainnet in January 2018. While its native cryptocurrency REN is an ERC-20 token, the Ren DeFi protocol operates on its own independent blockchain network.

According to the project’s white paper, originally published in 2017, Ren seeks to create seamless interoperability among popular decentralized networks such as Ethereum, Bitcoin and ZCash.

Ren gives Bitcoin holders access to Ethereum’s DeFi protocols, including borrowing and lending, without needing to transfer their Bitcoin assets onto the Ethereum blockchain. As REN is an ERC-20 token, it is now validated using proof-of-stake (PoS) consensus, following the Ethereum Merge.

REN facilitates connectivity between Bitcoin’s and Ethereum’s digital assets as an intermediary that maintains the value of BTC assets without the need for any transfer. The coin is also used in all independent blockchain communication through the interoperable Ren platform.

Ren accomplishes this by locking the original assets until individuals unlock them by paying a small fee to remove the assets from the platform protocol. REN price is updated and available in real-time on Binance.

People Also Ask: Other Questions About REN

  1. What is REN Used For?

    REN’s main purpose is to enable interaction among blockchains that would otherwise be unable to interoperate. Using REN, individuals who hold assets on any independent blockchain (such as Bitcoin and Ethereum) are able to participate in DeFi protocols and opportunities on other blockchains without selling or transferring their original assets.

  2. How Do Network Consensus and Validation Work on Ren?

    The RenVM blockchain network operates on multiple underlying algorithms, including Byzantine Fault Tolerance (BFT), which allows the network to continue to operate even in the presence of defective nodes. Additionally, its security is enhanced by the underlying Shamir’s Secret Sharing algorithm that secures secret data like private keys held by different participants. 

    Secret Multi-party Computation (sMPC) is an algorithm that allows developers’ codes to be run without disclosing inputs or outputs. Ren’s other important feature is Hyperdrive, the blockchain consensus mechanism responsible for high-speed transaction processing.

  3. Who is the Ren Founder?

    The Ren blockchain network was founded in 2017 by software developer Taiyang Zhang and partner Loong Wang. The project is based in Singapore.

  4. What is the Maximum Token Supply of REN?

    REN has a total maximum supply of 1,000,000,000 tokens, of which 999,037,500.362 are currently in active circulation.

  5. What Makes REN Different From WBTC and Others?

    The fundamental difference between REN and WBTC is that the latter is backed by a centralized custodial entity, BitGo. This comes with potential issues since WBTC holders don’t actually hold the keys to their BTC assets once they are converted into WBTC. 

    The Ren network, on the other hand, locks original assets in wallets that owners can unlock and liquidate for a small fee at any time, as ownership is never transferred.

  6. How To Buy REN?

    REN can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live REN price is updated in real-time on Binance. Further REN price and purchase information can be accessed in Binance’s How to buy Ren (REN) Guide.

  7. How Much Will Ren Be Worth in Future?

    Check out our Ren Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

REN to Local Currency

FiatPriceOperation
1 REN to USD$ 0.042247
1 REN to TRY$ 0.042247
1 REN to RUB$ 0.042247
1 REN to EUR$ 0.042247
1 REN to AED$ 0.042247
1 REN to AUD$ 0.042247
1 REN to BRL$ 0.042247
1 REN to VND$ 0.042247
1 REN to IDR$ 0.042247
Last updated 2024/12/10 05:31 (UTC)

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Crypto asset prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned crypto asset presented here (such as its current live price) are based on third-party sources. They are presented to you on an "as is" basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance's control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.