Ren, the open-source protocol aimed at providing liquidity between different blockchain platforms, has seen a series of ups and downs. The protocol recently raised $7.5M to develop its Catalog cross-chain exchange. Its token,
REN, experienced a significant price surge due to rising interest in multichain projects and the launch of a decentralized exchange (DEX) on its blockchain. The move to integrate with
Fantom and
Polygon helped improve its decentralized finance liquidity. Risk factors include news of its platform shutdown and transfer of all assets to
FTX debtor's wallet. Notably, a large amount of
crypto was laundered using its cross-chain bridge,
RenBridge. Concerns grew as
renBTC, its bridge product to bring Bitcoin to Ethereum, is reportedly shutting down, affecting several Curve pools. Legal aspects have come into play with courts losing patience with the crypto's defenses. Despite market turbulence, the
Ren price prediction remains optimistic for 2024, 2025, and beyond. A contrasting report suggests that it is left with only $160K to survive the crisis. Lastly,
Alexis Ren, a socialite and model, voiced that crypto is a viable alternative to the dollar economy, while the rumors about
Kylo Ren and
Anakin as coin sides are purely fictional combos linked with
Star Wars.
REN Coin News Analytics from Wed, 10 Aug 2016 07:00:00 GMT to Sat, 10 Aug 2024 03:23:58 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -6
