REN Profile

REN
 Crypto
  

USD 0.1  0.0011  1.12%   

Market Performance
0 of 100
Odds Of Distress
Less than 45
REN is trading at 0.0973 as of the 5th of December 2022, a -1.12% down since the beginning of the trading day. REN has 45 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for REN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
REN is peer-to-peer digital currency powered by the Blockchain technology. More on REN
REN is an internet market maker for p2p online currency indicated as Cryptocurrency. REN has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as REN are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as REN are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

REN Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. REN's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding REN or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
REN has very high historical volatility over the last 90 days
REN has some characteristics of a very speculative cryptocurrency
REN is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 22 exchanges in multiple currencies. The REN is an open-source decentralized dark pool for trustless cross-chain atomic trading of Ether, ERC20 tokens and Bitcoin.REN is an ERC20 token built on the Ethereum network. Ren is an ecosystem for building, deploying, and running general-purpose, privacy-preserving, applications using zkSNARK and our their newly developed secure multiparty computation protocol.It makes it possible for any kind of application to run in a decentralized, trustless, and fault-tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and state, remain a secret even to the participants running the network.
Coin TypeREN
IndustryBlockchain-Specific Application
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolREN
Technology Adoption RatingC+
NameREN
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-12-31
Full NameREN (REN)
Asset Website Urlhttps://renproject.io/
Platform Typetoken
Coin NameREN
Total Coins Mined1,000 Million
Smart Contract AddressView
REN (REN) is traded on CRYPTO Exchanges. REN is peer-to-peer digital currency powered by the Blockchain technology.

REN's Exchanges and Markets

Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Gemini Bithumb LBank Liquid HitBTC Yobit ZB DDEX IDEX Kucoin Tidex Coinone Bibox CoinEx HADAX

REN Target Price Odds Analysis

What are REN's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of REN jumping above the current price in 90 days from now is about 76.73%. The REN probability density function shows the probability of REN crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon REN has a beta of -0.1364 indicating as returns on benchmark increase, returns on holding REN are expected to decrease at a much lower rate. During the bear market, however, REN is likely to outperform the market. Additionally, the company has an alpha of 0.0679, implying that it can generate a 0.0679 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.0973HorizonTargetOdds Above 0.0973
23.19%90 days
 0.1 
76.73%
Based on a normal probability distribution, the odds of REN to move above the current price in 90 days from now is about 76.73 (This REN probability density function shows the probability of REN Crypto Coin to fall within a particular range of prices over 90 days) .

REN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. REN market risk premium is the additional return an investor will receive from holding REN long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in REN. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although REN's alpha and beta are two of the key measurements used to evaluate REN's performance over the market, the standard measures of volatility play an important role as well.

REN Technical Analysis

When it comes to investing in cryptocurrency, such as REN, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of REN, which is currently traded at 0.0973, shows everything you need to know about REN market value. You don't have to consider the fundamental factors that affect a crypto asset, such as REN, to determine its price movements. However, the REN's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so REN's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project REN's future price trend
Transformation
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REN Against Markets

Picking the right benchmark for REN crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in REN crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for REN is critical whether you are bullish or bearish towards REN at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in REN without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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How to invest in REN

You need to understand the risk of getting into digital currencies such as REN before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in REN in four ways:

Buy REN through an exchange

Get yourself a crypto wallet before embarking on your REN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase REN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of REN through an exchange

You don't have to buy a full token when starting out since REN is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade REN through a broker

If you don't want to store your REN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in REN through an exchange-traded fund (ETF)

You can also invest in REN through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having REN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Additionally, take a look at Your Equity Center. Note that the REN information on this page should be used as a complementary analysis to other REN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Other Tools for REN Crypto Coin

When running REN price analysis, check to measure REN's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy REN is operating at the current time. Most of REN's value examination focuses on studying past and present price actions to predict the probability of REN's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move REN's coin price. Additionally, you may evaluate how adding REN to your portfolios can decrease your overall portfolio volatility.
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