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Ren, the former Republic Protocol


 

Ren, an open protocol designed to provide interoperability and liquidity between different blockchain platforms, skyrocketed today, increasing nearly 40% in the past 24 hours. If you are drawn to its unique features and want to learn how and where to buy Ren, this guide is for you.

What is ren

Ren, formerly known as Republic Protocol, launched its mainnet for virtual machines last May. The Ren token serves as a binding for Darknodes, the running nodes that power RenVM. Ren aims to expand the accessibility and interoperability of decentralized finance (DeFi) by removing liquidity barriers between blockchains.

Ren is a complex platform with multiple use cases, but ultimately designed to overcome entry and investment barriers for DeFi projects. As a plug-in, DeFi projects enable foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to be added to their offerings. In a broader sense, users can essentially exchange any token between any two blockchains without any intermediate steps such as using so-called "packaged" versions of tokens.

Should I Buy Ren Today?

Given how difficult it is to make an accurate cryptocurrency prediction, you should never make decisions affecting your finances before doing an in-depth market analysis. Do not invest more in ren than you can afford to lose.

Ren price forecast

Wallet Investor predicts that Ren will hit up to $ 1.8 and at least $ 1.5 by the end of 2021. According to Digital Coin Price, Ren will climb to $ 1.3 by the end of this year.

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