REN (Ren) as Large-cap Ethereum based Token is 51 in 2100NEWS ranking. REN has Excellent quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.5. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
Ren has been launched in 6 exchanges. Through ICO in February 2018, Ren raised $34.3 million.
REN as Large-cap Ethereum based Token is 51 in 2100NEWS ranking (after Index Review of 30th August 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 18.2, (Average for Large caps: 9.5)
Over the past week, the average market cap was 58.5 million $, average daily volume was 6.0 million $.
To make appropriate peers comparison we gauged the REN (Ren) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original REN price, in the middle of the chart is REN vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between REN and NWSL100. On average (EMA25 – green area graph), the relationship between REN and NWSL100 has remained similar from May for nearly three months, meaning it grew and beat the NWSL100 but this relationship has changed in August. However, the correlation graph gives us an explanation that REN was moving in the same direction as the NWSL100 (positive correlation) last two weeks and last week in July. For the rest of the time, representing 80% of the time, it was moving in the opposite direction as the NWSL100. In the last four months, he has not been a typical representative of the NWSL100 index in terms of price changes.