Ren [REN]
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.
Ren Market Cap
24h Trade Volume
Supply
All-Time-High (ATH) Price
Ren's current price is $ 1.09, it has dropped -4.61% over the past 24 hours.
Ren's All Time High (ATH) of $ 1.82 was reached on 20 Feb 2021, and is currently -39.9% down.
The maximum supply of Ren that will ever be issued is 1.00 Billion tokens, and the current supply of REN in circulation is 1.00 Billion tokens.
Ren’s 24 hour trading volume is $ 86.23 Millions.
Ren's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 1.09 Billion.
You can find more details about Ren on its official website and on the block explorer.
Ren Price
Ren price Index provides the latest REN price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Ren to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
REN to USD Converter
Ren Quarterly Returns ($)
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | +219.6% | -63.9% | +152.3% | +16.9% |
| 2020 | +49.9% | +212.4% | +62.4% | +34.4% |
| 2019 | +18.4% | +206.1% | -46.9% | -22.1% |
| 2018 | -54.7% | +33.1% | -26.7% | -41.7% |
Ren Closing Price (USD) - Quarterly
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | $ 1.03 | $ 0.371 | $ 0.936 | |
| 2020 | $ 0.0464 | $ 0.147 | $ 0.238 | $ 0.319 |
| 2019 | $ 0.0244 | $ 0.0748 | $ 0.0398 | $ 0.0308 |
| 2018 | $ 0.0362 | $ 0.0483 | $ 0.0352 | $ 0.0206 |
Ren Monthly Returns ($)
| Year | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +93.3% | +64.3% | -1.55% | -5.08% | -42.8% | -33.5% | +19.4% | +74% | +22.4% | +16.9% | ||
| 2020 | +42.8% | +15.6% | -10.5% | +43.2% | +34.8% | +60.5% | +7.91% | +228.1% | -54.8% | +20.8% | +17.9% | -5.07% |
| 2019 | -12.2% | -5.17% | +42.1% | -4.43% | +70.9% | +87.9% | +36.2% | -37.6% | -37.7% | +26.1% | -18.1% | -24.8% |
| 2018 | -1.16% | -54.2% | +125.3% | +16% | -49.3% | -23.4% | -31.9% | +41.3% | +10.2% | -53.3% | +13% | |
| Average | +41.3% | +18.4% | -6.04% | +39.8% | +19.7% | +16.4% | +10% | +58.1% | -7.2% | +18.5% | -17.8% | -5.62% |
| Median | +42.8% | +7.24% | -6.05% | +19.4% | +25.4% | +13.5% | +13.6% | +21.1% | -7.65% | +18.8% | -18.1% | -5.07% |
Ren USD (REN - USD) Price Change
| Period | Change | Change (%) | High | Low |
|---|---|---|---|---|
| 24H | -$ 0.0528 | -4.61% | $ 1.18 | $ 1.04 |
| 7D | $ 0.109 | +11% | $ 1.18 | $ 0.985 |
| 14D | $ 0.133 | +13.8% | $ 1.18 | $ 0.948 |
| 1M | $ 0.00528 | +0.48% | $ 1.32 | $ 0.899 |
| 3M | $ 0.733 | +202.5% | $ 1.32 | $ 0.350 |
| 6M | $ 0.239 | +27.9% | $ 1.32 | $ 0.270 |
| YTD | $ 0.775 | +242.8% | $ 1.82 | $ 0.270 |
| 1Y | $ 0.794 | +264% | $ 1.82 | $ 0.232 |
| 3Y | $ 1.06 | +3,002.9% | $ 1.82 | $ 0.0155 |
Ren Annual Price
| Year | USD | High | Low |
|---|---|---|---|
| 2021 | +240.2% | $ 1.82 | $ 0.270 |
| 2020 | +931.6% | $ 0.596 | $ 0.0276 |
| 2019 | +49.5% | $ 0.147 | $ 0.0156 |
| 2018 | -74.2% | $ 0.142 | $ 0.0155 |
What is Ren
The REN token is used as a bond to run a Darknode, which powers the sMPC network (RenVM).
The decentralized network of Darknodes is permissionless, but to prevent the forging of a large number of identities a good behavior a bond of 100,000 REN tokens is required in order to register and run a Darknode. This prevent malicious adversaries from running an unbounded number of Darknodes and overwhelming the network with misbehaving Darknodes.
This is similar to the way that Proof of Work uses computational work to restrict block production, or the way that Proof of Stake uses staked tokens to restrict block production.
For every Darknode that you register, you will need to acquire 100,000 REN and be prepared to bond it into an Ethereum smart contract. This bond will be returned after the Darknode is deregistered.
Darknodes (and those who run them) earn rewards (in BTC, ETH, ZEC, DAI, and ERC-20) for contributing to the network.