Are you looking for the top Ren price predictions for 2023? Or have you been struggling to answer the question ‘is Ren a good investment?’ You’re in the right place.
In this article, we’ll explore what experts have to say about Ren’s future performance. Discover the top REN price predictions for 2023 and beyond.
REN Overview
Cryptocurrency
Ren
Ticker Symbol
REN
Rank
699
Price
$0.048151703855036254
Price Change 24h
2.80%
Price Change 7d
17.41%
Market cap
$48,119,465.34
Circulating Supply
999,330,480.362
Trading Volume
$30,684,550.48
According to recent long-term forecasts, the price of Ren could reach $0.15 by the end of 2023 and $0.35 by the end of 2025. Ren coin will then be worth $0.91 in 2028, and $1.5 in 2030.
What could happen to the price of REN in the next 10 years? Will Ren remain a good investment for the foreseeable future? Let’s find out.
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What Is Ren And How Does It Work?
Formerly known as the ‘Republic Protocol’, REN is the token of the Ren protocol which provides ‘inter-blockchain liquidity’ by allowing users to transfer different cryptocurrencies to different blockchains. At the time of writing, it enables users to transfer Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) onto the Ethereum (ETH) blockchain.
What makes Ren different from other protocols that offer similar services is that Ren can do this without using wrapped versions of coins. For example, Wrapped Bitcoin (WBTC) is often used as a substitute for Bitcoin on the Ethereum blockchain.
Created on the Ethereum network, Ren is an ERC-20 token. By default, this means that Ren is a proof-of-work cryptocurrency. However, Ren also has a virtual machine called RenVM which uses a ‘byzantine fault-tolerant protocol’.
Ren has a max supply of 1,000,000,000, of which 999,037,500 REN are in circulation.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Technical Analysis Of Ren Price Movement
Ren first became available to investors on the 3rd of February 2018 through an ICO (initial coin offering) where investors could trade 1 ETH for 17,200 REN, according to ICO Drops.
A few weeks later, on the 22nd of February 2018, CoinMarketCap began tracking the price of REN for the first time. It traded for $0.8016 per coin. In the graph below, you can see how the price of REN has changed since CoinMarketCap started tracking it.
Shortly after CoinMarketCap started tracking REN, its price plummeted. This is most likely a result of early ICO investors selling their REN for a quick profit. But then REN managed to rebound up to $0.1262 on the 16th of May 2018.
After reaching this high, though, the crypto market entered a long bearish period where many cryptos lost considerable value. By the 27th of November 2018, REN had reached its all-time low of $0.01548. For the rest of 2018, Ren ranged between the ultra-low price of $0.02 and $0.04, unable to gain momentum.
This disappointing trend continued into 2019, however, there was a significant spike in REN’s price around June and by the 5th of August, it had reached a new high of $0.14. This is most unusual for the crypto market as at this time many cryptos were struggling.
However, this new high didn’t last, and REN dropped again below $0.10, but this time it was significantly more volatile and with higher lows. At the beginning of 2020, REN was trading at $0.03199.
As 2020 progressed, REN gradually accumulated value and reached $0.08265 on the 7th of March, but hopes of higher prices were dashed at the emergence of the pandemic and a few days later, REN had crashed to $0.02929. Thankfully, after hitting this low, Ren began to appreciate again and by May it was trading at $0.08 once more.
Ren continued to appreciate gradually through 2020 and gained significant momentum particularly through to July. By August 2020, REN peaked at $0.53 and then $0.57 in September. Though a price correction then took REN back down to $0.1689, from this point onwards it would never experience such lows again. In the last few months of 2020, REN ranged from $0.42 to $0.25.
2021 was REN’s best year. Starting 2021 at $0.317, REN rampaged up past $1 for the first time by February and by the 20th of February 2021, REN reached its current ATH of $1.83.
Ren then spent the rest of 2021 gradually falling, hitting a yearly low of $0.2791 on the 20th of July 2021. Ren did manage to rebound when the bull market continued in autumn 2021, hitting $1.2275 on the 2nd of October, but it was unable to reach a new high, ending the year at $0.5298.
Ren started 2022 at $0.55, climbed to $0.579 in the first days of January but in the next 4 months the price fluctuated between $0.27 and $0.49. Ren hit the 52-week low at $0.055, but closed the year at $0.063.
REN/USD price chart. Source: Coinmarketcap
What Factors Affect The Price Of Ren?
Price predictions are by no means enough to invest in cryptocurrencies. They are simply educated guesses. By understanding the factors that impact the price of Ren, you can reduce your exposure to risk and take profits at the best possible moments. Here are the top factors that affect the price of REN.
1. Supply And Demand
Supply and demand affect most cryptocurrencies and most tradable assets. When there is more demand than supply, the price goes up and when there is more supply than demand, the price goes down. A variety of sub-factors can impact supply and demand.
2. The Price Of Bitcoin
Looking back at how REN has performed historically, there is a clear similarity with BTC’s trajectory. This is not unusual at all as the price of Bitcoin is known to greatly impact other cryptocurrencies. When Bitcoin goes up, the rest of the crypto market follows.
Expert’s Take On Ren Price Predictions
What are cryptocurrency experts predicting for REN in 2023? Price forecasters appear to disagree on the direction Ren could take in 2023, however, all around they suggest Ren will increase.
Future price of the asset is predicted at $0.60638 (772.491% ) after a year according to our prediction system.
Gov Capital
According to our forecast, In 2023 the price of Ren is expected to reach at a minimum price level of $0.15. The REN price can reach a maximum value of $0.17 with the average trading price of $0.16.
ICOcreed
In December 2023, the Solana price is forecasted to be on average $0.1018. The expected maximum price is $0.1273, minimum price $0.0866.
Trading Beasts
According to our current Ren price prediction, the value of Ren will increased by 229.37%, reaching $0.24 by end of 2025.
DigitalCoinPrice
As per the forecast price and technical analysis, In 2025 the price of Ren is predicted to reach at a minimum level of $0.19. The REN price can reach a maximum level of $0.23 with the average trading price of $0.20.
Price Prediction
The system forecasts a +23% move from $0.0657 to $0.0811 over the next month, REN has a price prediction of $0.1512 in over a years time.
Coinskid
The price of Republic Token (REN) in 2025 will be about $0.7114. As per the forecast and algorithmic analysis, the the price of 1 Republic Token (REN) will be around $1.5463 in 2028.
CryptoGround
By 2023, it can reach a maximum value of $0.15. It is expected that the REN will turn around a little bit if the market goes down. The year 2023 can end with an average price of $0.13 with a minimum price of $0.12 and the maximum price of $0.15.
Tech News Leader
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Trading Education Ren Price Predictions
What to expect from Ren's price in 2023 and beyond? Where the price of REN could be heading for the remainder of the decade and would it be better to invest in Ren in the long term?
Ren (REN) price predictions 2023
The price of Ren is predicted to reach a maximum level of $0.15 by the end of 2023. The Ren price can reach a minimum level of $0.06 in 2023.
Ren (REN) price predictions 2024
As per experts, the price prediction of Ren might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $0.2 mark. The predicted high for 2024 might be $0.24, and on the downside, the low might be around $0.11.
Ren (REN) price predictions 2025
As per Ren price predictions for 2025, the price of REN might reach an average price of $0.27. As per our prediction and price forecast, the predicted high for 2025 might be around $0.35, and on the downside, the low might be around $0.19.
Ren (REN) price predictions 2026
The price of Ren is predicted to reach a maximum level of $0.56 by the end of 2026. The Ren price can reach a minimum level of $0.29 in 2026.
Ren (REN) price predictions 2027
As per our Ren price prediction 2027, the token might be able to touch the $0.63 price mark on the upside, while on the downside, it might fall to $0.45.
Ren (REN) price predictions 2028
As per experts, the price prediction of Ren might continue the gradual upward trend. And as per our data, by the end of 2028, it would be able to cross the $0.9 mark. The predicted high for 2028 might be $0.91, and on the downside, the low might be around $0.69.
Ren (REN) price predictions 2029
As per Ren price predictions for 2029, the price of REN might reach an average price of $1.03. As per our prediction and price forecast, the predicted high for 2029 might be around $1.19, and on the downside, the low might be around $0.87.
Ren (REN) price predictions 2030
The top price predictions for Ren in 2030 foresee REN dominating above $1.2 for most of the year. If the token does well, experts seem to suggest that a push to $1.5 could be possible. The lowest Ren price prediction for 2030 is around $0.98.
According to the latest long-term forecasts and price predictions, the price of Ren will hit $0.15 by the end of 2023. Ren will rise to $0.35 in 2025 and $1.5 in 2030.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Potential Highs And Lows Of Ren
Conclusion: Ren Price Prediction Forecast
The below prediction figures outline some of the potential highs and lows of Ren price prediction forecasts for 2023, 2024, 2025, 2028 and 2030 offered by technical analysts and industry experts.
| Year | High | Low |
|---|---|---|
| 2023 | $0.15 | $0.06 |
| 2024 | $0.24 | $0.11 |
| 2025 | $0.35 | $0.19 |
| 2028 | $0.91 | $0.69 |
| 2030 | $1.5 | $0.98 |
Would you consider buying Ren?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Buy Ren With eToro?
Buying REN with eToro is easy. Here’s how you do it:
Step 1. Head over to eToro’s website, click ‘Join Now’, and fill out the registration form. Note that you will need to upload proof of ID and address — this is to prevent fraud and to comply with anti-money laundering laws.
Step 2. Make your first-time deposit which will likely be either $50 or $200 based on your location. Note that in several countries, the first-time deposit will be significantly higher, so please check before you sign up!
Step 3. Once your account has been activated, on eToro’s platform go to ‘Trade Markets’ → ‘Crypto’ → ‘REN Ren’ and choose your terms.
And that’s it! You’ve now invested in Ren!
Still have questions about Ren price predictions? Perhaps these frequently asked questions will help.
Key Points
If you remember anything from Ren Price Predictions: How Much Will REN Be Worth In 2023 And Beyond? Make it these key points.
- Ren (REN) is the crypto of the Ren protocol which allows users to move BTC, BCH, and ZEC onto the Ethereum blockchain without requiring wrapping.
- On the 20th of February 2021, Ren reached its all-time high of $1.83.
- Cryptocurrency Price Prediction estimates that REN could hit a high of $1.5 by 2030.
- Factors that impact the price of REN include supply and demand and the price of Bitcoin.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Other Crypto Price Predictions
FAQs Ren Price Prediction
Will Ren Increase?
Most likely Ren will increase though forecasters disagree on how quickly and how high it could reach. At the time of writing, REN is up 2,302.47% since hitting its all-time low of $0.01548 on the 27th of November 2018. In the long term, Ren has increased significantly.
What Will Happen To The Price Of Ren In 2023?
In 2023, Ren will most likely trade between $0.06 and $0.15. The experts don't expect the price of REN to decline in 2023.
Will The Price Of Ren Go Up In 2023?
The price of REN could increase up to $0.15 according to most of the forecasters.
What Will Happen To The Price Of Ren In 2025?
In 2025, the price of Ren will most likely be valued between $0.19 and $0.35 with some forecasters predicting the price to reach even higher to $0.7.
Will The Price Of Ren Go Up In 2025?
Most of the predictions for REN price in 2025 are bullish. Cryptocurrency Price Prediction expects REN to go even as high as $0.96 in 2025.
Will Ren Go Down In 2023?
Ren will likely not go down in 2023.
Can Ren Reach $10?
We do not expect Ren price to reach $10 in the next decade.
What Will Ren Be Worth By 2030?
By 2030, Ren could be worth up to $2.7 according to Cryptocurrency Price Prediction. This is one of the highest prices we have seen suggested for Ren.
How High Can REN Go?
The highest price REN could go is $2.96 by 2032 according to Price Prediction.