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Ren Price

Ren Price(REN)

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REN
1 REN =
USD $0.090294
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Last updated 2023/01/29 05:02 (UTC)
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1.99%
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0.26%
Binance
0.1%
$ 0.090294
+2.59%
(1D)

REN Price Live Data

The live price of Ren is $ 0.090294 per (REN / USD) today with a current market cap of $ 90.21M USD. 24-hour trading volume is $ 9.93M USD. REN to USD price is updated in real-time. Ren is +2.59% in the last 24 hours. It has a circulating supply of 999.04M USD.
REN Price Performance USD
ChangeAmount%
Today$ 0.0023373+2.59%
30 Days$ 0.0423129+46.86%
60 Days$ -0.0115025-12.74%
90 Days$ -0.0266748-29.54%

REN Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.0873346
High: $ 0.0910099
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 1.8271869
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.25%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+2.59%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+11.07%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+11.07%
The percent change in trading volume for this asset compared to 7 days ago.

REN Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#279
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 90.21M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 9.93M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
999.04M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
999.04M
Circulating supply shows the number of coins or tokens that have been issued so far.

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.

Top News
Binance Market Update (2022-08-09)
The global cryptocurrency market cap now stands at $1.09T, down by -3.39% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $22,861 and $24,113 over the past 24 hours. As of 04:00 PM (UTC) today, BTC is trading at $23,080, down by -3.84%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include SPELL, REN, and OG, up by 16%, 9%, and 8%, respectively.Top stories of the day:Samsung Collaborates With Theta Labs For Forthcoming Galaxy NFT EcosystemDespite Crypto Winter Fundraising In 2022 Overshadows Previous Year’s RecordVitalik Buterin Suggests Stealth Addresses for Private NFT OwnershipCoca Cola Launches Its New NFT On The Polygon NetworkNumber Of Crypto ATMs Installed Worldwide Reaches New MilestoneBitcoin And Ethereum Derivatives Regain Traction Despite The Crypto Winter: GlassnodeNayib Bukele, President of El Salvador: Tourism Spike is Thanks to BitcoinMarket movers:LUNA: $1.9556 (-7.87%)ETH: $1685.17 (-5.11%)BNB: $315.9 (-2.83%)XRP: $0.3634 (-4.22%)ADA: $0.5103 (-4.51%)SOL: $40.14 (-5.55%)DOT: $8.7 (-5.43%)DOGE: $0.06853 (-2.63%)AVAX: $27.14 (-6.54%)MATIC: $0.8812 (-4.62%)Top gainers on Binance:SPELL/BUSD (+16%)REN/BUSD (+9%)OG/BUSD (+8%)
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