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.
According to Etherscan, there are 6,217 token holders (at the time of this article’s writing).
In the first half of 2019, after rebranding, they found two strategic partners. This year has been very hard work for Ren’s team. In particular, the last month has been one of the busiest, but also one of the most motivating. In August 2019, they released successfully RenVM Testnet. According to their roadmap, they still had a lot of work to do in improving RenVM by the end of the year. Their progress can be monitored through reports published once a month.
About Ren – what they do
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain. Ren allows the free movement of value between all blockchains and transfer of tokens in zero-knowledge. Unlocking new liquidity and resources to power a new wave of value in the open finance movement. With Ren all decentralized applications can run in secret, preserving the privacy of all users and data.
RenVM is the technology that underpins the entire Ren stack. RenVM is a virtual machine for performing any decentralized computation in complete privacy by leveraging a combination of secure multiparty computations and zkSNARK. RenVM can execute general purpose programs, using inputs from multiple different users, without revealing information to the users or to the Darknodes powering the virtual machine.
The Darknode CLI is a command-line interface for managing Darknodes on Republic Protocol. It is installed on your local workspace, and will automatically create and update machines for you.
Ren started in 2017 as Ren protocol. In January 2019, Republic protocol rebranded into Ren. Ren manages operations in Singapore with developers from this region. The core team is made up of Taiyang Zhang (CEO) and Loong Wang (CTO).
Exchanges: Binance, DDEX, Huobi Global, IDEX, Kyber Network, Tidex
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The Crypto Highlights are considered the opinion of 2100News and the material is for informational purposes only and 2100News is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens REN.