Over the previous few months, the cryptocurrency market has skilled a serious bull run. Main cash like Bitcoin and Ethereum have reached new all-time excessive data. Even lesser-known cryptocurrencies like Safemoon, Shiba Inu Coin additionally rocketed in worth. Whereas the markets have been down for the previous couple of weeks, a brand new coin known as the Ren crypto has seen a serious rise in worth over the previous 24 hours. Learn on to know extra about what Ren crypto is Ren worth prediction.
Ren Value Prediction
Crypto worth predictions may be troublesome because the crypto markets are extremely risky. Nonetheless, many crypto specialists have given their technical evaluation on the longer term worth of Ren. On the time of writing, the value of Ren stands at $0.60. Pockets Investor predicts that the value of Ren may attain as much as $1.39 within the span of a yr. Digital Coin Value predicts that the value of Ren may go as much as $1.32 by the tip of 2021. GOV Capital predicts that the value of Ren may go as much as $1.67 by the tip of 2021. Nonetheless, crypto worth predictions ought to be taken with a grain of salt.
About Ren Crypto
As per their official weblog, Ren crypto is Ethereum primarily based token that powers Ren’s open protocol community that can be utilized for transferring cryptocurrencies between completely different blockchains. The crew behind Ren goals to convey in style belongings like Bitcoin and Zcash to blockchains like Ethereum making it attainable for these crypto-assets to take part in a multi-chain decentralised ecosystem. The crew behind Ren began constructing a decentralised darkish pool (the place the orders executed within the blockchain are hidden) in 2017 however later determined to focus extra on the interoperability between completely different blockchains.
Lately, the Ren protocol launched their Polygon bridge, which triggered the sudden rise in worth. The key promoting level of Ren protocol is the truth that any app primarily based on the Ethereum community can use Ren’s interoperability layer of their sensible contracts. DApp builders can sensible contracts into their apps to utilise Ren’s cross-chain liquidity and make use of different crypto belongings like BTC, BCH and ZCash. Whereas this tech behind Ren protocol is sort of progressive, as of now it has a really area of interest software. Keep tuned for extra updates on cryptocurrencies.