In this guide, we will voice our own and market’s opinion on REN future while discussing Ren price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Ren.
Now, let’s head into it. Before we delve deep into the Ren price prediction and answer questions if REN is a good investment or not, why will REN succeed or fail or why will Ren price rise or drop, let’s quickly throw a glance at what is REN and its to date history.
What you'll learn 👉
What Is Ren (REN)?
The Ren protocol (previously Republic Protocol) is designed to provide interoperability by allowing people to transfer cryptocurrency across different blockchains. It lets anyone lock cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) into the Ren software and mint the ERC-20 equivalent tokens RenBTC, RenBCH, and RenZEC in a 1:1 ratio on Ethereum.
These new ERC-20 coins can now be used in DeFi products for a range of functions, like trading, portfolio management, borrowing and lending. The original assets remain locked in the Ren software and can be unlocked at any time by paying a fee.
REN coin explained
The REN coin is the native cryptocurrency token of the Ren VM network. What makes both REN coin and the Ren protocol a little bit different from other systems and their native cryptocurrencies is that you do not need to hold the REN crypto token (coin) to use the Ren network. Instead, you can use the network to transfer other cryptos across blockchains, and pay any fees using the particular currency of the blockchain.
In terms of who operates the RenVM, this is done by a group of computers called DarkNodes. The DarkNodes help the system by adding capacity, bandwidth and computational power to the network.
Anyone can operate one of these DarkNodes, but it requires paying a deposit of 100,000 REN, which is locked up in a smart contract. A smart contract is a computer program that automatically executes commands once certain conditions are met. The reason a deposit of 100,000 REN is required is because the system is permissionless, so the deposit dissuades people from using the VM for nefarious purposes.
In addition, considering the amount of actual effort and virtual money that goes into running a DarkNode, it is only fair that the people who run them get paid. The payment they receive is in the form of the REN coin. As we have already said, the REN coin is the native crypto token of the Ren network.
Every time someone takes an asset and moves it from one blockchain to another, the DarkNodes get a small reward, paid in REN. That said, you still need to have 100,000 REN if you want to operate a DarkNode.
REN Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs in early 2024, there has been a surge in interest from both retail and institutional investors. This could be a game-changer for crypto. However, the market has just experienced its biggest crash in history. On February 2nd and 3rd of 2025, over $2.3 billion was liquidated, marking the largest market wipeout in recent years. This caused Bitcoin\\\'s price to drop to the $93-96K range, while Ethereum plunged to $2.4-2.7K. Other major altcoins like DOGE, XRP, and several top projects fell over 30%, creating the highest level of uncertainty in months. Despite the turmoil, ETFs remain live and actively trading, showing continued institutional interest. However, analysts are deeply divided on the market\\\'s next direction. Some believe the bull run is still intact, while others argue that Bitcoin already topped at $107K in mid-December, signaling the start of a prolonged downtrend. With the regulatory landscape beginning to stabilize and provide clearer guidelines, crypto traders are hopeful that the market will recover. Still, macroeconomic factors such as Trump’s economic tensions with major trade partners are creating additional volatility. Bitcoin ETF approvals in early January last year set a positive tone for the market, but now, the focus has shifted toward whether Bitcoin will reclaim its highs or enter a deeper correction. The BTC halving and ETH ETF approvals are already behind us, and Ripple was fined $125 million by the SEC in a recent ruling. While XRP supporters see this as another step forward, the market remains fragile. Bitcoin, which nearly tripled in price since last summer, is now hovering between $93K-96K, sparking concerns over whether the bull market continues or fades into a bearish phase. Ethereum, currently priced around $2.4-2.7K, has yet to reclaim its 2021 all-time high, making its future trajectory uncertain. The majority of investors, traders, and influencers had hoped for the peak of the bull run to come in mid-2025, driven by ETF approvals, historical post-halving rallies, and typical 4-year cycles. However, the recent crash has thrown these expectations into doubt. Last year’s hottest sectors—memecoins, RWA, and AI projects—must now navigate a more turbulent market environment.
Below is a tabular overview of how will REN develop in the short-term (for the next 90 days), according to our prediction model:
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Ren Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
REN Price Prediction 2025 – 2030 – 2040
Our prediction model sees REN reaching new highs in 2025:
$0.1582REN price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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