Ren
Market Open
14 Jun, 14:09
$
0. 003110
-0.00018
-5.4711%
$
411,424 Volume
$ 0.00329
Previous Close Want to track RENUSD and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
RENUSD Overview
RENUSD denotes the market price of Ren (REN) quoted in US dollars. It reflects the amount of USD required to purchase one unit of REN on exchanges and in over-the-counter markets, providing a direct fiat valuation for the token.
Ren (REN) is a blockchain-native utility token issued for the Ren protocol, which was introduced in 2018 and developed by the team including Taiyang Zhang and Loong Wang (initially known as Republic Protocol). The token supports the operation of RenVM, a decentralized interoperability protocol for cross-chain asset transfers. REN has a fixed maximum supply of one billion tokens and is designed to be used as a bond for nodes and as collateral within the protocol’s network.
The RENUSD price is determined by market supply and demand across centralized and decentralized exchanges, trading volumes, liquidity depth and participant sentiment. Use cases in DeFi, staking or node bonding, token unlock schedules and broader cryptocurrency market movements also influence price formation, while macroeconomic trends and regulatory developments can affect investor appetite.
RENUSD matters to traders and investors who seek exposure to Ren’s utility and development progress, as well as to participants executing arbitrage, hedging or yield strategies that involve cross-chain assets.
REN’s price can be comparatively volatile and liquidity varies by venue; tight spreads are more likely on larger exchanges, while smaller markets may exhibit wider price swings.
Ren (REN) is a blockchain-native utility token issued for the Ren protocol, which was introduced in 2018 and developed by the team including Taiyang Zhang and Loong Wang (initially known as Republic Protocol). The token supports the operation of RenVM, a decentralized interoperability protocol for cross-chain asset transfers. REN has a fixed maximum supply of one billion tokens and is designed to be used as a bond for nodes and as collateral within the protocol’s network.
The RENUSD price is determined by market supply and demand across centralized and decentralized exchanges, trading volumes, liquidity depth and participant sentiment. Use cases in DeFi, staking or node bonding, token unlock schedules and broader cryptocurrency market movements also influence price formation, while macroeconomic trends and regulatory developments can affect investor appetite.
RENUSD matters to traders and investors who seek exposure to Ren’s utility and development progress, as well as to participants executing arbitrage, hedging or yield strategies that involve cross-chain assets.
REN’s price can be comparatively volatile and liquidity varies by venue; tight spreads are more likely on larger exchanges, while smaller markets may exhibit wider price swings.
RENUSD Chart
RENUSD FAQ
What is the current Ren price?
The current price is $0.003110, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.00018 (-5.4711%), showing how much the asset has moved compared to the previous close.
What is the previous close for Ren?
The previous close was $0.003290, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-5.4711%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.003020) and highest ($0.003300) prices traded during the selected period, helping assess volatility.
Why is Ren (REN) moving today?
Price movements in Ren are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.003110) is below the previous close ($0.003290), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Ren?
You can view real-time charts, price updates, and market data for Ren (REN) directly on this page.
