- The REN token is paid to people who maintain computers called Darknodes.
- REN might soon overtake its $0.4184 resistance level if this trend continues.
People may move assets across blockchains using the native cryptocurrency of the Ren network, which is called REN. After hitting an all-time high of $1.83 in February, the coin had a fascinating year in 2021. In February 2018, REN coins were made available to the general public for the first time. People wanted to cash in on the cryptocurrency boom at the time, and the market was experiencing a strong bull run.
Made Substantial Gains
Cryptocurrency exploded in popularity in early 2021, and REN jumped on the bandwagon. On February 11th last year, the price of the coin broke the $1 barrier, and on February 20th, it hit an all-time high of $1.83. However, it was unable to maintain this level and plummeted to an intraday low of $0.8129 on March 25.
For most of the first two weeks of April, REN was over $1 before gradually dropping down below it. During the month of December, the value of bitcoin dropped by 29%. A lengthy bear market saw REN plummet to $0.56 on January 1, 2022, and by January 24, the coin was trading at $0.28. XRP has fallen to a seven-month low of $0.27 on February 21.
According to CoinMarketCap, the total value of the crypto market is down 4.44 percent in the previous 24 hours, with major currencies like bitcoin and ethereum trading in the red. The price of the REN coin has risen by 45 percent in the past seven days, as of March 3rd. If this trend continues, REN might join the bulls and break over the $0.4184 resistance mark. According to CoinMarketCap, the Ren price today is $0.396007 USD with a 24-hour trading volume of $125,430,638 USD. Ren is down 0.14% in the last 24 hours.
