Expected! Ren (REN) Price Drives 40% After Supporting These Three Tokens! - Kakiforex | Forex markets for the smart money. Expected! Ren (REN) Price Drives 40% After Supporting These Three Tokens! Expected! Ren (REN) Price Drives 40% After Supporting These Three Tokens!

April 1, 2021

Expected! Ren (REN) Price Drives 40% After Supporting These Three Tokens!

 Through a tweet on Twitter last night, Ren (REN) revealed that Solana and Fantom are among the latest tokens supported by protocols that focus on interoperability.


The addition indirectly makes both the third token after Digibyte (DGB) and Terra (LUNA).


Since it backed the protocol a week ago, REN prices have jumped 40% in the wake of the community from the new token showing interest in the Ren ecosystem.


The development of the protocol as a decentralized finance and the protocol’s ability to bring tokens from other blockchains to the Ethereum (ETH) network has invited Ren’s profits since early 2021.



Ren’s momentum was seen positive starting Jan 26 when they announced that Dogecoin (DOGE) could be transferred to the Ethereum network via the renDOGE connection (bridge).


Later, it became a partnership with Alameda on Feb 2, followed by protocol integration with Binance Smart Chain (BSC) on Feb 18 pushed Ren’s price to a new all -time high (ATH), $ 1.84 on Feb 19 before a price correction caused Ren’s price returned below $ 1 the next day.


Ren continues to grow its ecosystem through integration with DeFi protocols such as 1inch (1INCH), PancakeSwap (CAKE) and BadgerDao (BADGER), including the addition of new cross-chain assets such as Digibyte (DGB), Terra (LUNA), Solana (SOL) and Phantom ( FTM).


The collaboration with Polkadot (DOT) in June 2020 will also bear fruit for Ren as the Acala network is in preparation for launch on the Polkadot network as soon as the parachain bidding is completed.


When the REN writing traded at $ 1.04, it was down over 3% in 24 hours. While Solana (SOL) recorded a value of $ 19.56, jumped almost 2% and Fantom (FTM) at $ 0.42, declined more than 2%.