The RenVM open protocol allows all dApps (decentralized applications) to gain inter-blockchain liquidity and facilitates token transfers between any blockchain platform without wrapping or unwrapping tokens. The Ren protocol aims to increase connectivity between various blockchain networks scalable and capable of initiating faster token transfers via smart contracts.
Previously called the Republic Protocol, the Ren project was founded in 2017 by Taiyang Zhang and Loong Wang. Its native crypto token is REN, an Ethereum blockchain-based token introduced through an ICO in 2018. RenVM, launched in 2020, is the virtual machine network of the Ren protocol. If you are wondering how to buy & sell the REN coin, then discover through this post the topmost crypto trading platforms which allow the REN token trading.
List of Exchanges to Buy or Sell REN Coin
Here is a list of the topmost exchanges that offer the REN coin for trading purpose:
The world’s leading crypto trading platform, Binance, offers the REN token for trading. Traders can buy, sell, and exchange REN with USDT, BTC, and BNB in Binance.
- Coinbase Pro
This is a trading exchange for individual traders that offers two trading pairs for REN, and they are USD and BTC.
Another crypto exchange that allows REN buying and selling is Bittrex. The trading pairs available on Bittrex are BTC, ETH, USDT, USD, and EUR.
Poloniex, a US-based crypto exchange, makes the REN coin trading option available on its platform. The trading pairs available on Poloniex are USDT and BTC.
- Huobi Global
The trading pairs available on the Huobi exchange are USDT, BTC, ETH, and HUSD. The Huobi Global exchange is a Seychelles-based exchange founded in 2013.
Gemini is a regulated digital currency exchange and wallet belonging to the Gemini Trust Company, LLC. It facilitates buying and selling of the REN token for USD.
So, Check the Ren Price Prediction
The REN token price at the time of writing this blog was $0.863. It has a market cap of $877 million, a circulating supply of 997 million, and a max collection of 1 billion, which cannot be exceeded at any point in time.
Ren price prediction and technical analysis demonstrate that the price of REN will move to $12 by the end of this year as per CoinSwitch. At the same time, Longforecast speculates that the cost of one REN coin might end up at $0.38 by 2024.
Future of REN Coin
According to the price analysis performed by CryptoNewsZ, REN might cross the $1 mark by 2025. Ten years down the line, the value of the REN coin might soar up to $91.29 as per Cryptocurrency Price Prediction.
In terms of project advancement, the year 2020 witnessed the release of the RenVM Sub-Zero. After its launch, only in seven months (by 2020 year-end), RenVM managed to process a whopping $1.7 billion transfers. In 2021, the Ren dev team deployed the next version of the RenVM Sub-Zero. By the second quarter of this year, RenVM will be upgraded to Greycore. RenVM further plans to include many more crypto assets on its network and aims to make the protocol more scalable to expedite transactions.
Is Buying REN Coin A Good Investment Option?
REN coin, the native asset of the Ren protocol, is a good investment option for beginners as each coin is available at an affordable price in present times. Being on the Ren protocol will make crypto transfers easy across several blockchain networks. The price speculation of the REN token also seems promising though it still doesn’t display a bullish trend. Hence investment in the REN token now might prove to be beneficial in the future.
The Final Verdict
So, the REN coin shows a promising future and can be an ideal crypto investment option. The REN coin was created to increase the utility of the dApps technology of Ethereum by linking users of various blockchain networks. Traders can head to any of the crypto mentioned above brokerage platforms of their choice to begin trading REN coins.