Ren
About Ren
The price of Ren (REN) is $0.03530186 today, as of Sep 16 08:14 p.m., with a 24-hour trading volume of $9.29M. Over the last 24 hours, the price has decreased by -6.60%. Ren currently has a circulating supply of 1.00B and a market cap of $35.30M.
REN is the native cryptocurrency of the Ren protocol. It is an open protocol designed to allow users to move digital assets from one blockchain to another, generating cross-chain liquidity. To do so, it allows users to create tokens that conform to Ethereum’s ERC-20 standard that are backed 1:1 with their counterparts, such as bitcoin and bitcoin cash. In that, it resembles wrapped bitcoin (WBTC).
The Ren protocol’s native token, REN, is an Ethereum-based cryptocurrency that uses the ERC-20 token standard. The token is paid as a refundable bond by network participants as a guarantee of good behavior.
The REN price touched an all-time low of about $0.01548 in February 2019, and remained below $0.20 from its initial sale in 2018 until August 2020. It touched a record high, $1.80, on Feb. 20, 2021.
There is a theoretical maximum supply of 1 billion REN tokens, all of which have been issued, according to CoinGecko data.