• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, September 16, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Ren Price Up 34% After VarenX Launch

Kyle Portman by Kyle Portman
December 21, 2021
in News
Reading Time: 2 mins read
0
ren price
Share on TwitterShare on Facebook

Ren Price is up over 34% today, making it the biggest gainer on Crypto.com. With a 24-hour trading volume of $299 million and a market cap of $652 million, REN has got the market’s attention. Let’s look at Ren and see why the price is rising.

What Is Ren?

Ren features the RenVM, an open protocol providing access to inter-blockchain liquidity for all dApps. In other words, Ren allows developers to bring BTC, BCH, ZEC, and more to their Ethereum apps.

One of Ren’s features is the RenBridge, making it easy to transfer assets between blockchains. Currently, RenBridge supports eight assets and destinations.

Ren’s main feature is its virtual machine, RenVM. It’s powered by a network of machines called Darknodes, which earn rewards for contributing computing power and storage space. Through its virtual machine, RenVM solves the interoperability problem in DeFi, enabling the permissionless exchange of value between blockchains.

Why Is Ren Price Rising?

Today’s big news for Ren is the launch of VarenX, a new cross-chain swapping dApp powered by RenVM.

Introducing VarenX: a new cross-chain swapping dApp powered by RenVM

Swap now on https://t.co/XeGiWSq6IS$VRN $REN @renprotocol pic.twitter.com/tcWkrfUhhX

— Varen | varenx.com | gashopper.io (@varenfinance) December 21, 2021

Users can connect to VarenX via MetaMask and swap their coins to various chains. The UI is similar to other DEXs like PancakeSwap and Uniswap, making it extremely easy to use.

In response to the launch, we’ve seen REN’s price increase by over 33% today, peaking at $0.732.

At the time of writing, REN is trading at $0.65, with a 24-hour trading volume of $304 million. Its market cap is $653 million ranking it as the 119th largest cryptocurrency.

You can purchase REN on Binance, Coinbase Exchange, FTX, Bithumb, Kraken, Gemini, KuCoin, Uniswap, Bittrex, Poloniex, and more.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

Top 5 Crypto Metaverse Platforms to Watch in 2022

Follow us on Twitter @thevrsoldier to stay up to date with the latest cryptocurrency news, and subscribe to our daily newsletter to never miss another story!

Previous Post

Top 5 Crypto Metaverse Platforms to Watch in 2022

Next Post

Top 3 Trending Meme Coins on CoinMarketCap (Shiba Inu, Baby Floki Billionaire, NSH)

Related Posts

Featured

Pakistan Moves to Regulate Digital Asset

September 14, 2025
shibarium-shib-hardfork 1
Featured

Shibarium Bridge Hit by $2.4M Exploit

September 14, 2025
coinbase-ceo-bitcoin-Brian Armstrong 1
Featured

Coinbase Explains How Token Listings Work

September 14, 2025
XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025
Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Market Analysis

Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles

September 11, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier