Ren Price Prediction 2024 – 2025 – 2030 | REN Price Forecast

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 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

The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. In 2024, significant regulatory clarity is expected.

Several factors have fueled this crypto rebound last year. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval in late 2023.

Bitcoin ETF approvals were done in early January 2024, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving scheduled for April 2024, which is expected to further boost Bitcoin, Ethereum, and the broader crypto market.

Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets.

ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed.

Bitcoin has more than doubled in 2023, with the recent Wall Street earthquake and upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $50,000 for the first time since 2021, Bitcoin has climbed over 200% year-to-date.

Ethereum has also grown following ETF approvals since now many anticipate ETH ETF approvals could be next.

The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence in late 2024, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event.



Below is a tabular overview of how will REN develop in the short-term (for the next 90 days), according to our prediction model:

Next 30 days
Next 60 days
Next 90 days
2024-03-03
+0.18 % $0.0880
2024-03-04
-0.67 % $0.0873
2024-03-05
+6.47 % $0.0935
2024-03-06
+3.03 % $0.0905
2024-03-07
+0.28 % $0.0881
2024-03-08
+5.89 % $0.0930
2024-03-09
+0.14 % $0.0880
2024-03-10
+1.53 % $0.0892
2024-03-11
-0.34 % $0.0875
2024-03-12
-1.45 % $0.0866
2024-03-13
+1.54 % $0.0892
2024-03-14
+5.25 % $0.0925
2024-03-15
+4.97 % $0.0922
2024-03-16
+2.60 % $0.0901
2024-03-17
+7.80 % $0.0947
2024-03-18
+7.95 % $0.0948
2024-03-19
-0.91 % $0.0870
2024-03-20
+6.23 % $0.0933
2024-03-21
+2.07 % $0.0897
2024-03-22
+2.94 % $0.0904
2024-03-23
+2.55 % $0.0901
2024-03-24
-1.20 % $0.0868
2024-03-25
+5.17 % $0.0924
2024-03-26
+6.55 % $0.0936
2024-03-27
+1.73 % $0.0894
2024-03-28
+0.75 % $0.0885
2024-03-29
+3.68 % $0.0911
2024-03-30
-0.78 % $0.0872
2024-03-31
+0.18 % $0.0880
2024-04-01
-0.78 % $0.0872
2024-04-02
-3.24 % $0.0850
2024-04-03
+5.95 % $0.0931
2024-04-04
-1.34 % $0.0867
2024-04-05
+0.65 % $0.0884
2024-04-06
-3.86 % $0.0845
2024-04-07
+5.06 % $0.0923
2024-04-08
-0.92 % $0.0870
2024-04-09
+3.33 % $0.0908
2024-04-10
+4.88 % $0.0921
2024-04-11
-0.09 % $0.0878
2024-04-12
-4.07 % $0.0843
2024-04-13
-0.51 % $0.0874
2024-04-14
+2.48 % $0.0900
2024-04-15
+3.33 % $0.0908
2024-04-16
-3.45 % $0.0848
2024-04-17
-2.46 % $0.0857
2024-04-18
-0.27 % $0.0876
2024-04-19
+0.28 % $0.0881
2024-04-20
+0.88 % $0.0886
2024-04-21
+4.53 % $0.0918
2024-04-22
+3.29 % $0.0907
2024-04-23
-0.10 % $0.0878
2024-04-24
+1.41 % $0.0891
2024-04-25
+1.84 % $0.0895
2024-04-26
-2.37 % $0.0858
2024-04-27
-3.83 % $0.0845
2024-04-28
-1.98 % $0.0861
2024-04-29
-2.43 % $0.0857
2024-04-30
-4.31 % $0.0841
2024-05-01
-1.36 % $0.0866
2024-05-02
-3.28 % $0.0850
2024-05-03
+1.22 % $0.0889
2024-05-04
-4.72 % $0.0837
2024-05-05
+1.71 % $0.0893
2024-05-06
-2.66 % $0.0855
2024-05-07
+3.12 % $0.0906
2024-05-08
+2.86 % $0.0904
2024-05-09
-3.15 % $0.0851
2024-05-10
-2.44 % $0.0857
2024-05-11
-0.52 % $0.0874
2024-05-12
+1.38 % $0.0891
2024-05-13
-0.15 % $0.0877
2024-05-14
-6.71 % $0.0819
2024-05-15
-1.45 % $0.0866
2024-05-16
-0.58 % $0.0873
2024-05-17
-5.74 % $0.0828
2024-05-18
-6.38 % $0.0822
2024-05-19
-2.90 % $0.0853
2024-05-20
-0.28 % $0.0876
2024-05-21
-1.28 % $0.0867
2024-05-22
-6.03 % $0.0825
2024-05-23
-6.88 % $0.0818
2024-05-24
-7.59 % $0.0812
2024-05-25
-5.54 % $0.0830
2024-05-26
-2.33 % $0.0858
2024-05-27
-8.30 % $0.0805
2024-05-28
-3.65 % $0.0846
2024-05-29
-1.76 % $0.0863
2024-05-30
-8.42 % $0.0804
2024-05-31
-8.20 % $0.0806

Essential tools you need to succeed in crypto

Exchanges

✔️Binance for highest liquidity and coin choice. 
✔️Gate.io & ✔️KuCoin for gem hunters. 
✔️ByBit for leveraged trading
(✔️Margex for really crazy leverages).

Wallets

Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor 
✔️CoolWallet Pro.

Tax Calculators

Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.

Trading Tools

A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.

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.

2024 Apr
-4.31 % $0.0841
2024 May
-8.20 % $0.0806
2024 Jun
+8.39 % $0.0952
2024 Jul
+7.49 % $0.0944
2024 Aug
+19.44 % $0.1049
2024 Sep
+14.47 % $0.1006
2024 Oct
+27.97 % $0.1124
2024 Nov
+26.12 % $0.1108
2024 Dec
+30.84 % $0.1149
2025 Jan
+39.56 % $0.1226
2025 Feb
+45.41 % $0.1277
2025 Mar
+44.00 % $0.1265

REN Price Prediction 2025 – 2030 – 2040

Our prediction model sees REN reaching new highs in 2025:

$0.6957

REN price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.

Read also:

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin
Logo