Ico price prediction

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Internet Computer price prediction: Will the ICP price rocket after bitcoin integration?

Internet Computer (ICP) broke into the list of top 10 cryptocurrencies by market capitalisation when it launched on 10 May 2021, hitting $750 and giving the coin a total valuation of $53bn and a market cap of $9,027,267,885, according to CoinMarketCap. 

Although the ICP coin price has lost momentum and the price gradually declined to around $30 at the beginning of June 2021, the cryptocurrency has experienced high volatility since then, with the ICP price swinging from a low of $28.37 on 20 July to a high of $85.45 on 6 September 2021.

On 21 September 2021, the DFINITY Foundation – the company behind the Internet Computer blockchain – announced an integration with the Bitcoin network, which should result in smart contracts that will directly operate on bitcoin balances. 

Investors may be wondering if the new cryptocurrency has a potential for future growth. Let’s find out what ICP is and what analysts think about the Internet Computer coin forecast. 

Internet Computer (ICP) price prediction

What is ICP? Blockchain that will spark an internet evolution

Internet Computer is a blockchain-powered public network that provides a limitless environment for smart contracts to run at web speed and scale while helping to reduce computing costs. 

The project claims to be the third-greatest innovation after Bitcoin, which plays the role of digital gold, and Ethereum, which is powering the decentralised finance (DeFi) revolution. 

Internet Computer has set an ambitious goal to “reimagine how you build everything”, creating a blockchain with infinite capacity. The platform enables developers to build anything from DeFi apps to mass-market, tokenised social media services. 

According to Dominic Williams, founder and chief scientist of Dfinity, which was responsible for building the Internet Computer, the platform could help curb the dominance of ‘Big Tech’ companies such as Google and Facebook, thus revolutionising the internet and creating an “open and free” worldwide web 3.0.

quote

What makes Internet Computer special

Internet Computer expands the internet’s functionality so that it can host back-end software, transforming it into a global computing platform. The platform allows the building of websites and enterprise IT systems by installing code directly on the public internet without using commercial cloud services and server computers.

The major goal of the Internet Computer project is twofold:

  1. To increase the speed of most blockchain technologies;
  2. To limit the presence of Big Tech protocols such as Amazon Web Services (AWS), which are widely used by websites and blockchains.

Internet Computer uses a decentralised protocol called ICP (Internet Computer Protocol) run by a network of independent data centres around the world. At Genesis on 10 May 2021, Internet Computer was powered by 48 data centres from Europe, Asia and North America, together running 1,300 nodes. 

Simple and intuitive platform


The network is intended to grow exponentially to support the creation of new decentralised applications (dApps), with 123 data centres running 4,300 nodes by the end of this year. It has set an ambitious plan involving thousands of data centres running millions of nodes, with the goal of creating a new ‘open internet’ within 10 years. 

Internet Computer’s key breakthrough technology is chain-key technology – the ‘engine’ that consists of a set of protocols that orchestrate the nodes within the platform. It enables the system to have a single public key, thereby allowing any device – from phones to smart watches – to verify the authenticity of artifacts from Internet Computer. It also allows Internet Computer to process transactions within one to two seconds.

The project aims to solve long-standing IT issues such as system security. The platform can host native software in an environment that allows systems to be built that do not require back-ups and firewalls. 

Internet Computer is designed to make internet software systems self-contained and reduce their complexity, and to cut the cost of IT services. The creation of ‘autonomous software’ (software that runs without the owner) will address the increasing monopolisation of internet services by Big Tech companies. 

The Internet Computer use cases

People behind Internet Computer: DFINITY Foundation 

The project was started in 2016 by the DFINITY Foundation, a not-for-profit scientific research organisation. The DFINITY team includes programming and distributed systems experts and the world’s top cryptographers, who collectively have 200 patents and more than 100,000 academic citations. 

 Who is who at DFINITY?

ICP price analysis: Is there a massive rally ahead?

ICP is the native token of the Internet Computer network, which is mainly used for processing the network’s power. The total supply of ICP tokens is 473.6 million, 167.1 million of which are already in circulation. The ICP tokens are also used as a reward for users, who play a significant role in enhancing network functions. 

As one of the newest cryptocurrencies on the market, Internet Computer has gained a great deal of attention from investors and analysts since its launch on Coinbase Pro on 10 May. Trading at around $53 as of 7 October 2021, the ICP token has a market capitalisation of $8.8bn, which makes it the 21st biggest cryptocurrency, according to CoinMarketCap.

Market cap

Although the ICP coin price has drastically plunged from its peak, will the project’s fundamental value, use cases and potential to transform how the internet works bode well for the longer-term ICP/USD forecast? 

The recent ICP crypto news regarding Bitcoin integration contributes to the bullish ICP crypto price prediction. 

According to Dominic Williams: “The Internet Computer is powered by novel ‘chain key cryptography’ that allows it to sign transactions for other blockchains such as Bitcoin. This capability will be used to provide smart contracts hosted on the Internet Computer with native bitcoin addresses via a direct integration of the networks. 

“Internet Computer smart contracts will gain access to bitcoin liquidity, and Bitcoin will gain powerful new smart-contract functionality without the need for insecure and cumbersome [but] trusted bridging services,” adds Williams. “This will help realise Satoshi’s vision by allowing bitcoin to power a new generation of Web 3.0 internet services.”

Internet Computer (ICP) price prediction: analysts’ views 

Internet Computer (ICP) is still in its early days, but it made a strong debut on the cryptocurrency market. Commenting on Internet Computer’s future prospects, Capital.com analyst Mikhail Karkhalev said:

 

“Internet Computer is quite an ambitious project and another Ethereum-killer. It is hard to say whether it is worth positioning itself like that, because Ethereum and ICP have absolutely different goals and objectives – Ethereum acts as a global computer for creating and developing decentralised applications, while Internet Computer actually acts as a decentralised Internet, which sounds more interesting and large-scale”. 

“The project's ambitious plans have been backed by more than $100m in investments from prominent funds, which is perhaps an advantage because venture capitalists invest in cryptocurrency start-ups after more meticulous and in-depth due diligence than in traditional IT,” adds Karkhalev. “And if an ICP manages to get funding, it means there is indeed a strong team behind the project and full-scale work is being done”. 

Meanwhile, the analyst highlighted that over-ambitious goals are not always a good thing and do not guarantee success.

Said Karkhalev: “In 99% of cases, those Ethereum-killers or complex technology projects have simply drowned in their own ambition without getting close to the goal. Internet Computer does have very ambitious and even revolutionary plans for the crypto industry and has received funding from experienced investors, but it's one thing to make plans, another thing to build a business. The project is worth paying attention to, but we should pay closer attention to the milestones and their implementation in the roadmap.”

Meanwhile, algorithm-based forecasting services share mixed views on a longer-term ICP price prediction 2021-2025 (as of 7 October 2021). 

Wallet Investor considers Internet Computer a “bad” long-term investment. They give it a $6.155 price target within the next 12 months and believe it could plunge to $1.279 by the end of 2025. 

Digital Coin shares a more bullish view on the Internet Computer price movement. They estimate the ICP price could reach $81.3 by the end of 2021, increase to $91.46 in 2022, move up to $157.34 in 2025 and hit $229.95 in 2028.

Always remember that any analyst forecast can go wrong as cryptocurrencies are volatile assets and the price can always go against you. And never forget that past performance does not promise future returns. 

Do your own research and always remember your decision to trade depends on your attitude to risk, your expertise in this market, the spread of your investment portfolio and how comfortable you feel about losing money. Never invest more than you can afford to lose.

 

FAQs

Analysts’ sentiment and price targets for the Internet Computer (ICP) price differ. 

However, if you believe that the newly launched cryptocurrency is worth watching and trading, you should always follow the Internet Computer (ICP) crypto news and conduct your own technical and fundamental analysis before making a decision to include ICP coins or any other cryptocurrency in your investment portfolio.

The ICP reached its all-time high of $737.20 on 10 May 2021. As of 7 October 2021, algorithm-based forecasting services show less-positive price targets for the coin in the years ahead. 

According to Digital Coin, the Internet Computer (ICP) price could reach $157.34 in 2025, while Wallet Investor is bearish on its ICP price prediction, suggesting it will plunge to  $1.279 by the end of 2025. However, you should always remember that the cryptocurrency market is very volatile, making it difficult for analysts to set definite price targets for any crypto. 


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ICO Predictions

Cryptocurrency can often be very confusing for those that are new to trading, and in many cases, it can be extremely difficult to decide which investments are dead in the water and which ones will be the real winners. However, when searching for the most profitable ICOs there’s no reason to go it alone! Coinpredictor.io is here to help, and using our computer algorithm we help investors to choose the next batch of winners in the initial coin offering sector.

The ICO forecast software takes into account a couple of factors before coming to a decision. First, it analyzes the country of the project in question, and then it takes the category or niche into its calculations. This data is more important than you think. There are of course some niches that perform particularly well when it comes to crowdfunding startups, and then there are others that don’t tend to do so great. However, when the software makes its ICO prediction, it takes all of these features into account.

Next, the software compares this data to past campaigns. It will be looking at projects that were launched within the same categories and the same countries to see how well those startups have fared. Using an average of the data collected here, the software can then come to a reasonable conclusion about what the final price of this asset will be when it hits exchanges.

Investors should keep in mind that these are typically not permanent pricing boons, and it’s not at all uncommon for a token to hit an exchange and then sink like a stone. Many traders actually make the bulk of their money selling off their tokens as soon as the sale is over, cashing in on bonuses and reduced token prices.

It’s important to not rely entirely on the Initial Coin Offering prediction algorithm but to also research these projects for yourself. Coinpredictor.io does aggregate other information on the asset’s page that you may be interested in as well. This will include information such as the start and end date of the coin offering, the current price of the tokens at this point in the sale and what currencies you will need to use in order to purchase this particular blockchain asset.

Using this section you’ll be able to compare what the software believes the difference between the initial purchase price of the token and the final value will be after a token is launched on exchanges. You’ll also be able to compare the profit potential of this ICO to the many others that are on the site, allowing you to make a decision easier about which one is worthy of your money.

Investors should keep in mind that Coinpredictor.io is just a tool that helps make their job easier. You should never base your investment activity upon one information source, and it’s important that you take the time to research your investments thoroughly before proceeding. Cryptocurrencies are extremely volatile, and it’s very easy to make a bad move when investing in unproven financial instruments such as initial coin offerings. Investors should make sure to diversify their holdings and invest carefully to protect themselves from disaster.

Sours: https://coinpredictor.io/icos
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ALL BEST ICO Price Prediction, ALLBI Forecast

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Sours: https://walletinvestor.com/forecast/all-best-ico-prediction
The Future Of Defi? - Centrifuge ICO

ICO Price Prediction, ICO Forecast

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Sours: https://walletinvestor.com/forecast/ico-prediction

Prediction ico price

IcoOmen: Using Machine Learning to Predict ICO Prices

Cryptocurrencies need no introduction. What was once reserved to the nerd communities on online chat forums, Cryptocurrencies have now almost gone mainstream. On the other hand, ICOs are less known.

An Initial Coin Offering, commonly referred to as an ICO or a token sale, is a means of fundraising, where tokens in a newly issued cryptocurrency are exchanged to the public for other cryptocurrencies such as Bitcoin or Ethereum.

These are intended to be used to fund early stage cryptocurrency projects, however they are quite risky investments as more than 10% of money raised in ICOs have been lost or hacked and only 10% of ICO tokens issued are used post ICO in the actual token ecosystems, while the rest are simply traded.

Until recently, there was very little regulation in ICOs and the market was flourishing, with ICO funding growing rapidly. This was especially the case in late 2017 and early 2018, as can be seen below. This growth has since slowed down rapidly, as the whole cryptocurrency market has become quite bearish.

The unpredictability of ICOs and cryptocurrencies in general, make for an interesting and difficult problem — can we model these behaviours and even predict them?

More specifically:

Can we use Machine Learning to predict the success/price of ICOs?

Let’s find out.

  1. Choose inputs and outputs.
  2. Collect and aggregate the data.
  3. Prepare the data.
  4. Explore and attempt to understand the data.
  5. Choose a Machine Learning Model.
  6. Measure the performance of the Model.
  7. Save the Model.
  8. Use the Model to make predictions.

Choosing the right inputs and outputs (in the case of supervised ML) are critical for the success of Machine Learning algorithms. There needs to be some sort of correlation between the inputs and what you trying to predict-output. The best way to do this is to try and gain some domain knowledge. I did some research into various aspects of ICOs as to gauge what might affect their future value.

The main proposed factors of an ICO affecting their performance were the following:

  • The quality of the development team — better team, better quality of ICO product.
  • Popularity on Social Media such as the number of followers on Twitter — more publicity an ICO has, the better chance of it gaining funding.
  • Factors relating to an ICO specifically- price, total supply, market cap…
  • Factors relating to the market at the period of ICO launch — was the cryptocurrency market doing well at the time when an ICO was launched?

I then created a list of features that I thought might affect an ICO’s value and checked if I could collect this data from any sources and created a final list of Inputs.

Unfortunately, it can be difficult to collect certain data numerically — for example, measuring the quality of the development team that has worked on an ICO — do you measure years of experience? Is that a valid measure of quality?

Furthermore, other metrics such as popularity of ICO when it was launched is quite difficult to find data on. For example, it is difficult to get historical Twitter data, even using the Wayback Machine, which doesn’t index every page, which makes getting the number of Twitter followers when an ICO launched difficult.

Final List of Features Used:

  • Price in USD.
  • Price in BTC.
  • Total Supply.
  • Market Cap — the number of tokens that can be purchased during token sale.
  • Available Supply.
  • USD raised.
  • Ethereum price at launch.
  • Bitcoin price at launch.
  • Month ICO was launched.
  • Date ICO was launched — for example the 8th day of the month.
  • Country an ICO was launched from.
  • ICO Duration in Days.

ICOs are still generally a new means of fundraising so there aren’t many ICOs available to collect data from. A six-month period was chosen, as it is sufficient to observe a potential growth in the price of an ICO, and there were enough ICOs older than six months from the available data.

Final Output:

Price of an ICO after six months.

Full dataset available here.

A large part of this project was data collection. There was no available dataset on ICOs and so a dataset had to be created.

A restful API was used, written in C#, following the dotnet core framework. This API brings together data from various sites and stores it in a Mongo database.

Some of the data, such as country an ICO was launched from, had to be collected manually as this was not consistently available from a specific source and so multiple websites had to be used. Data was collected on 2 885 ICOs.

Once the data was collected and stored in a Mongo Database, the data had to be converted into a useable dataset. All the data collected from various sources were aggregated using database views.

As mentioned, data was collected on 2 885 ICOs, but this data was sparse and hence data preparation was required.

Once the data was cleaned, we had information on 189 ICOs. Finally, this was further filtered to only include data on ICOs that have existed for longer than six months and we ended up with 109 ICOs in our dataset.

Problems that were encountered while preparing the data:

Invalid values for Start and End Dates of ICOs, ICO duration and ICO month were encountered, these were cleaned by manually correcting these fields.

A usual approach to handle missing data is often to use either the mean or median. However due to the sparsity of the data (less than 10% of the data had most of the required fields), this approach was not followed.

Rather, data with most of the required fields were chosen and then the missing values, such as country ICO was launched in, were manually collected from various websites.

Some of the data was conflicting, for example websites had different start and end dates for an ICO or Country it was launched in. This was handled by checking multiple sources and taking the values that was in consensus.

One hot encoding was applied to the categorical data fields — ICO
Date, ICO month launched and ICO country.

We can explore the relationships between the inputs and the outputs by calculating their correlation coefficients and drawing scatter plots to visualise these relationships.

The Price of an ICO in USD/BTC when launched was closely correlated with the future price of an ICO in six months (obviously!), while other inputs were not closely correlated to the output.

Furthermore, it was critical to ensure that the distribution of the data of an ICOs was representative of the current market in order to have a model that generalises well. This was achieved and the data collected correlates to statistics related to ICO distributions by country.

Ridge Regression

Once one-hot-encoding had been applied to the data, the input matrix formed what is known as an undetermined or a fat matrix. This essentially means that there are more features than examples (128 features versus 109 data points).

This means that our regression model is susceptible to overfitting and multicollinearity.

Multicollinearity is a state of very high intercorrelations or inter-associations among the independent variables. It is therefore a type of disturbance in the data, and if present in the data the statistical inferences made about the data may not be reliable.” —Statistics Solutions

To avoid this, we apply regularisation. In our case we apply Ridge Regression (L2 regularisation), which penalises very large weights. You can read more about Ridge Regression here.

Ridge Regression Formula:

Neural Network

We also used a Neural Network to compare the results with those achieved by the Regression model.

For the Neural Network, we used the tanh activation function, and for solvers we used the Adam Solver and also the Gradient Descent Solver.

Two measures of performance were used — RSquared(R²) and Root Mean Squared Error(rMSE).

, measures the “percentage of the variance” that the model can explain. A high R² score is usually good, but not always, as it could mean your model is overfitting to the data. You can read more about R² here.

rMSE, measures the root of the average squared error our model achieves (error — difference between the values our model predicted and the actual values).

Results

All the results were computed using the holdout method — performance is measured on test data (i.e. data the model has never seen before).

The graphs plot predicted outcome vs measured outcome. This displays the correlation between what was predicted and what was measured. Values closer to the dotted line, indicate better correlation.

The Linear Regression Model got an rMSE score of 0.86 and an R² score of 0.62.

The Neural Network Model got an rMSE score of 0.58 and an R² score of 0.73.

Once we have a model that we are happy with, we should save the model so that we can re-use it to make predictions later.

I used Joblib, which is a python helper class that is part of the SciPy package, that provides utilities for pipelining operations. It makes saving and loading models simple.

Once you have a saved model, you can load this model and make predictions without having to retrain your model.

Here is an example of how you would use your saved model to make a prediction:

Machine learning in the real world is largely dependent on your data. You often spend more time cleaning, preparing and aggregating the data than you do working with your model.

In this article, we managed to create a model, which can predict the price of ICO’s reasonably well. We also showed general steps one could follow to apply Machine Learning to real world problems.

Thanks for reading this article, let me know if you have any thoughts or comments. :)

I can be reached on Twitter and or here.

All source code is available, in a dockerized format. The ML model, also contains a Google Colab link.

Sours: https://towardsdatascience.com/icoomen-using-machine-learning-to-predict-ico-prices-29fa4cec6d86
Merchant Token MTO ICO Price Prediction 2021, 2022, 2025, 2030#ico#crypto#btc

ICO OpenLedger price prediction or you can say ICO OpenLedger forecast is done by applying our in-house deep learning(neural network) algorithm on the historical data of ICOO. Based on the historical price input data the system predicts the price of ICO OpenLedger (ICOO) for various period of the future. You can checkout the ICO OpenLedger (ICOO) price forecast for various period of the future like tomorrow, next week, next month, next year, after 5 years.


AfterPriceChange
1 day $0.1913 -61.10%
1 week $0.1963 -60.08%
1 month $0.1919 -60.97%
6 months $0.2150 -56.28%
1 year $0.7163 45.67%
5 years $3.5993 631.93%

What is the current price of ICO OpenLedger (ICOO) ?

The current price of ICO OpenLedger (ICOO) is $0.4917.

What will be the price of ICO OpenLedger (ICOO) Tomorrow?

Seeing today's moment the algorithm says that the price of ICO OpenLedger (ICOO) tomorrow will be around $0.1913.

Is it profitable to invest in ICO OpenLedger (ICOO) ?

Based on the data, it can be predicted that it is Profitable to invest in ICO OpenLedger (ICOO) for the long term. By long-term, we mean that the ICO OpenLedger forecast for a period of 5+ years.

What will be the price of ICO OpenLedger (ICOO) after five years?

The price of ICO OpenLedger (ICOO) after 5 years (from today) will be around $3.5993.

Will the price of ICO OpenLedger (ICOO) fall or decrease or drop in future?

The technical analysis using the algorithm says that the price of ICO OpenLedger (ICOO) will not decrease or fall or drop in long term.

What will be the price of ICO OpenLedger (ICOO) in 2023?

The price of ICO OpenLedger (ICOO) in 2023 will be about $1.5545.

What will be the price / value / worth of 1 ICO OpenLedger (ICOO) in 2026, exactly five years from today?

As per the forecast and algorithmic analysis, the the price of 1 ICO OpenLedger (ICOO) will be around $3.5993 in 2026.

What will be the price / value / worth of 1 ICO OpenLedger (ICOO) in 2025?

As per the forecast and algorithmic analysis, the the price of 1 ICO OpenLedger (ICOO) will be around $2.9177 in 2025.

When will ICO OpenLedger (ICOO) crash?

Our system prediction/forecast says that there are no probably chances of a crash.

From where can I buy ICO OpenLedger (ICOO) ?

You can see list of exchanges from where you can buy or sell ICO OpenLedger (ICOO) here.

Some other most commonly asked questions:

Will ICO OpenLedger crash? Will ICO OpenLedger moon? Will the ICO OpenLedger price go up? Is the ICOO price going up? How much will ICO OpenLedger price increase in coming future? Will the ICOO price fall? Will price of ICO OpenLedger rise? When will ICO OpenLedger price fall? When will ICO OpenLedger price go down? Is ICOO a worthwhile investment? When will ICOO price drop? Is the ICO OpenLedger price going to drop? Will the ICO OpenLedger price drop?

These are some of the most common queries that impatient or amateur investors have. The fact is - no one can accurately predict future of ICO OpenLedger (ICOO). All we can do is use various algorithms and run technical analysis of the ICO OpenLedger (ICOO) using its historical price data and perform ICO OpenLedger forecast. Note that these are all based on past data. If the future follows the same pattern as in the past, this predictions/forecast can be very accurate.

ICO OpenLedger (ICOO) terminology:

What are the other words in which this page can be defined?

ICO OpenLedger forecast, ICO OpenLedger price prediction, ICO OpenLedger price forecast, ICOO price prediction, ICOO forecast, ICOO price forecast. These are some other terms to define this ICO OpenLedger (ICOO) technical analysis page.

Note: This predictions/forecast are done using various different types of Algorithms applied on the historical price of ICO OpenLedger (ICOO) . We do not give any guarantee of the same. Avoid using this predictions/forecast for financial investment strategy.

Sours: https://www.cryptoground.com/ico-openledger-price-prediction

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The web has been disseminating copious information on a dynamic blockchain platform and its usability and security-related features. Time and again the hybrid consensus mechanism of blockchain and various tokens revolving around it has also been in heated discussions. However, very few networks have actually gone into the depth of addressing the interoperability issues that pose various bottlenecks for the trading community. Before we dig into the Ren price prediction, let us have a look at some of the details regarding the coin.

REN Overview

CryptocurrencyRen
Ticker SymbolREN
Price $1.01
Price Change 24h+0.45%
Price Change 7d-10.59%
Market cap$1,007,906,426
Circulating Supply997,764,051 REN
Trading Volume$73,786,897
All time high$1.83
All time low$0.01539
REN ROI+1158.56%

Trade Ren Now

A cryptographic method that has fundamentals of zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction that is authentic and rapid.

Welcome to the decentralized Finance New Avatar – REN!

REN: the Masterminds Behind the Game

It all began with two classmates at Australian National University by name of Taiyang Zhang and Loong Wang decided to work for a novel enterprise post their graduation. Soon their own-founded software company started programming for trading algorithms becoming renowned for the expertise. The first hedge fund Virgil Capital for which Zhang sweated him the break needed.

During this journey, he also witnessed the enormous challenges and bottlenecks the investors faced while trading in cryptocurrencies. He also observed that the core reason for these hurdles was that transactions being public on blockchain also included OTC purchases and that also governed the volatility in prices. A large exchange to wallet misleads the investors while posing trouble in OTC trading. Wealthy investors were the worst hit. So, became the genesis of REN a compulsive origin.

Defining REN: Reliability Encased Network

Zhang decided to have the framework of Ethereum, ETH-20 for REN as an obvious choice because it thought it gave the ultimate solution for the OTC problem: the Republic protocol. Knowing Wang’s experience in coding distributed database technologies including the invention of a coding language for blockchain, Zhang collaborated with him to redress blockchain interoperability issues.

And so in the summer of the year 2017, the Republic Protocol was born intended to devise a protocol for independent crypto-asset blockchains to communicate effectively. Also having on the potential of non-disclosure and complete transparency, REN moved on to become the single open-protocol that facilitated movement in between blockchains.

RENVM: Interoperability Redefined

For understanding REN, it is essential to understand what “Dark Pool” means. As the name justifies the pool means the purchase and dark means anonymous. Investors can get misled in OTC markets by buying a big amount of assets anonymously.

The central platform around which Ren operates is called RENVM i.e. Ren Virtual Machine. All exchanges that happen on Ren across blockchains have a RENVM advantage. The Nodes are empowered by RENVM to calculate, authenticate, and process the cross-chain crypto instructions. These nodes are called “Darknodes”. The entire ecosystem of these works around a scientific algorithm that distributes the orders in small segments so that the nodes are not made aware of the entire amount of transaction. This enhances security especially because RENVM operates on Ethereum and all transactions on processed using ERC-20.

So primarily the token REN has two operations to perform: One, to pay the trading fees for orders made on RENVM, and two, to pay bonds to the “Registrar”, a smart contract that manages Darknodes in the Ren ecosystem. Decentralization gets assured through smart contract and so is stability guaranteed via RENVM. In a contrast to zero-disclosure and being an open-source, RENVM SubZero facilitates transactions entirely in a decentralized and trustless manner eliminating the possibility of any outsiders or middlemen. The crypto assets tokenized via RENVM are renBTC, renBCH, renZEC, etc. and these are also inter-transferable to the actual cryptocurrency BTC, BCH, ZEC, etc.

Additionally, RenVM is so conceptualized that it can be integrated by coders to other blockchains like Tezos. Talking about the advancements made in 2019, Wang had tweeted on Medium stating,” Official name of Republic Protocol is now REN. This shall be a landslide development in the history of REN wherein the entire pivot moves from decentralized darkpools to decentralized interoperability for blockchains.” Further developments included moving from RENVM mainnet, named SubZero to Chaosnet.

The last year was tough, however not for REN. In 2020, REN focused on signing significant alliances, a consortium of DeFi companies, and projects.

REN Partnerships

Jurisdictions around the world are scurrying to put into place legislation and regulations to allow or make it easier for companies to carry out initial coin offerings (ICOs) or token issuances. In essence, REN is not governed by any regulator. It is rather a peer-to-peer community governed computer network made up of users’ machines or “nodes” weathering all monetary recessionary storms.

The Board of REN realized that the mere individual functionality of operation is not sufficient and that growth means spreading the wings. So renowned names like Kyber Network, MATIC, Polychain Capital, and IDEX got added to take the protocol to elevated levels.

These partnerships guaranteed utility, security, and further enhanced RENVM. It would not be an overstatement to say that these alliances brought a constant array of users, investors, and developers to the REN project.

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REN Use Cases: Transforming Preaching Into Practice

The entire ecosystem of the REN project is open source. Capitalizing on the plus points of Bitcoin and Ethereum, REN ensures crystal-clear transparency and complete transaction confidentiality in the network. Even though transactions are recorded in the general blockchain, neither the sender nor the recipient and not even the amount transferred is in any way apparent to other users on the network.

The entire framework relies not on zero-disclosure evidence, but on Sub-Zero via RENVM thereby allowing mathematical consistency of the entire transaction procedure which is cross-checked without revealing any data or message on the other party involved in the transaction. Putting the power ultimately in the hands of the user, REN has regular upgrade schedules, which means this protocol is adaptable to meet the varied use cases of today, as well as the unforeseen use cases of tomorrow.

REN can trap fraudulent or spurious transactions by peers wherein a confirmed block is capable of tracing the preceding block. REN is based on cryptographic methods that are reliant on sub-zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction which is cross-checked without revealing any data or message on the other party involved in the transaction. Hence, security obstacles are arrested first. A salient characteristic that stands out in this protocol is that it ensures liquidity and ensuring the lightning-fast speed of transactions on the network.

Hence, the RENVM enables the following functionalities creating a lot of value for both end-users and darknode owners. Some of the few assumptions are given below :

1) An embeddable, universal web wallet

UX: This stands for a universal wallet that you can create for any sort of crypto asset. Here the public and private keys are stored and governed on the REN network. Like any other wallet, this too is accessible with a username, password, and a connection to the Ren network. Upon creation,  investors can reach their funds through an in-page UI component similar to MetaMask, but you wouldn’t need a chrome plugin pre-installed, and it wouldn’t be limited to Ethereum.

Darknode revenue: REN also has made a provision regarding the fee system. Whenever RENVM’s new fee system collects fee moving funds, multiple wallet features are put into place like fast transfers, insta-pick up, etc. apart from darkpool trading.

2) An enhanced DEX

UX: A simplified and user-friendly trading interface UI can be created by developers thereby adding a liquidity pool on RenVM. Giving instructions to RENVM and post-authentication at a fixed price, the funds are swapped by the pool from one RenVM-controlled wallet to another.

Even though this function seems similar as per other centralized exchanges, the difference here is that you are the master of your own funds and the pool is governed by network-controlled compute logic, not a company. Another advantage here is that you can trade in innumerable currencies and all within rapid-fire processing.

Darknode revenue: A unique feature of the RENVM exchange is that it has multitudinous trading benefits, all packed in one. Apart from enabling chapter transaction costs in comparison to other exchanges, RENVM based exchange minimizes the settlement time and offers a plethora of other currencies for inter-credibility. Hence the entire ecosystem of REN goes beyond just conventional OTC but to more traditional spot or margin trading.

REN ICO: Not to Be Out of Sight

REN too like other financial offerings, making headlines for ICOs (Initial Coin Offerings) It started making headway in the year 2018 when it was Republic Protocol. It introduced two offerings: one, which was a private ICO in January raising 28 million USD. The main public ICO staged its performance just a few days later in February 2018 raising a 4.8 million USD.

The main reason for investors to be lured into buying REN was a meagre price of 3 cents per token. You would be surprised it took a supply of more than 1 billion tokens to be sold.

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REN Price: Tracing the Historic Footprints

No wonder the history of REN price has been reasonably predictable. As aforesaid, REN ICO to the public that was below 4 cents, made a dazzling debut shooting the price in May 2018 to 13 cents.  However, by winter 2018 the price of REN/USD fell down to 1.5 cents that were just 1/4th of the initial ICO price of REN.

With Bitcoin racing up to become a public choice in 2019, gave momentum to altcoins prices including the price of REN and it touched an all-time high of 15 cents. The impressive rally of REN/USD price continued with marginal corrections before making a difference of 9 cents end of 2019.

As a decentralized finance (DeFi) token, the REN price forecast marked a massive retreat in 1 year. Another major reason was that the sector offered alternative and diversified investment options to Bitcoin and other digital assets. So while some finance assets hit all-time highs, REN/USD price was still struggling.

Showing a resistance that was much anticipated at $0.28 and $0.30, respectively, the price of REN featured bouncing back gaining traction $0.24, and $0.22 along with its trading volume.

REN Price Prediction: REN Evangelists: Racing Against Time

REN as a token has been making significant price changes in the market. Listed on a majority of exchanges, the token shows a market cap of  $947,697,066 and is currently having a circulation of 997,163,051 REN in the market. At the time of writing this article, the current price of REN is trading around 0.95 USD. Even though many experts consider that the coin might record a price increase in the upcoming years. There are many who devaluate this digital asset which is a choice for millions. The techies have the following varied opinions & prediction on REN price along with its market cap to cite:

The Ren price prediction predicted by Wallet Investor states that the coin would reach a maximum price of $1.841 and lowest is predicted around $1.533 by the end of 2021. Wallet Investor

The Ren coin price prediction done by Digital Coin Price indicates that the coin would reach a maximum price of $1.32 by the end of 2021. Digital Coin Price

The Ren price forecast predicted by Trading Beasts states that the coin would reach a maximum price of $1.40 and lowest is predicted around $0.95 by the end of 2021. Trading Beasts

It entirely depends on the competitors’ movement and the market mood. The way in which the number of existing REN tokens are seated, the voyage of $0.88 at best can be predicted. Reddit Community

The Ren forecast mentioned by GOV Capital states that the coin would reach a maximum price of $1.67 and lowest is predicted around $1.23 by the end of 2021. GOV Capital

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REN: Technical Analysis: Let Us Do the Nitpicking

Like many other cryptocurrencies, REN price too is vulnerable to market movements and sentiments. Of course, there are heartbreaks as much as valentines for this token. However, despite being highly volatile, REN price has shown significant price action over the long term. It entirely depends on the expertise of the dedicated team of professionals working for this conglomerate. As per the experts’ price prediction, the future price of REN may even double in the upcoming months taking it to $1.4.

Pessimism too can’t be ignored for REN price as some experts opine that the coin price falls short of an aggressive planning strategy and the marketing gimmicks. The newsletter and tweets do not reach out to the entire trading community and so investors, more than often, are in the doldrums to know what is happening on the REN front. The mass adoption typically fails as REN can not solely survive on the interoperability bandwagon.

There are factors apart from above that govern the price of REN objectively viz.:

Associated Currencies: The crypto assets which are linked with REN but do not perform well on the exchange independently rule the price of REN too.

Relationship between Supply and Demand which is an age-old phenomenon of contradictory relation of demand and supply works for REN. The more the holders buy REN on a huge scale, no wonder the price shall go upbringing the supply may come down.

Security Concerns: These are bottlenecks which when the act for negative publicity may bring the REN price down due to mass selling.

The popularity of dApps: If the demand for decentralized apps goes up, as it has during the phase of Pandemic, in the future too it shall hold good for the future price of REN too.

Weightage average Indicators: The simple moving average of 50, 100, and 200-days are among the most commonly used indicators to identify important resistance and support levels for the REN forecast. Any positive price change happening above these averages will show a strong momentum of REN. Traders also like to use the RSI and Fibonacci retracement levels on the price chart to try and ascertain the future price prediction of the REN market.

Crypto Volatility Index (CVIX): This index studies volatility and price fluctuations weighing the deviations. The amount of dynamism or fluctuations determine the performance of REN. Too much of REN fluctuations generate fear in the minds of investors and hinder them from purchase.

Relative Strength Index (RSI): This stresses on the bullish recovery from bearing levels near the oversold. RSI reaches the overbought, the buy orders are bound to increase, creating more volume that will support the uptrend in the near term.

REN Forecast: 2021-2025-Scaling High or Leaving Dry

REN price chart

 

REN price prediction has truly somersaulted in the last year totally transforming the trend from the beginning towards the end of the year. REN has had a historic journey throughout. All said and done REN’s trend has been quite aggressive leading to a very optimistic path. The REN price may grow in leaps and bounds, especially for alliances. New partnerships would bring REN to the limelight making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second which may prove a tough challenge for crypto rivals of REN.

REN Price Prediction 2021

The end of the last year was tough with eagerness to say bye to. Mainly due to pandemic, negative trends prevailing bringing the REN price to 20 cents. However, the beginning of 2021 meant REN price could bid a bye to all negative and pessimistic price trends for the world of cryptocurrencies, especially for the REN market, it could mean the start of an era of hopes and promises full of optimism. In the world of cryptocurrencies like REN, there could be a prediction of miracles, there could be magics in short term too. Five years is a long time. With pandemic vaccine coming to the fore, as per experts’ predictions, it may mean a boom time for REN. Investors of cryptocurrencies always plan for the long term rather than the short term. By the end of 2021, the REN price might cross the $1.4 price level.

REN Price Prediction 2022

Based on 1-year historical data and technical analysis, REN came up with its own blockchain platform transitioning itself from Ehtereum base getting enlisted in the major cryptocurrency exchanges of the world by end of 1 year.

It would not be an exaggeration that this priced cryptocurrency might break all the barriers and withstand the test of time scaling a peak of $0.66. With fiat currencies unable to sustain themselves in the wake of the pandemic this might come as a reprieve for all REN investors leading them to the path of high hopes and aspirations to transact in REN. For informational purposes, one may read the expert analyst’s technical analysis and reports to stay updated with the forecast of REN every 24 hours. By the end of 2022, the REN price might cross the $2 price level.

REN Price Prediction 2023

As per our Ren price forecast, the REN price is predicted to cross $2.4 by the beginning of 2023. The expected high for the year 2023 is $3.5, and the low will be $2. The average REN price prediction for the end of 2023 is $3.

REN Price Prediction 2024

As per our Ren coin price prediction, REN is predicted to cross $3.60 by the beginning of 2024. The expected high for the year 2024 is $4.5, and the low will be $3. The average REN price prediction for the end of 2024 is $4.

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REN Price Prediction 2025

With a bit of patience and keeping the hopes high in the long term, investors can expect a turnaround by the end of 2025, as the adoption of REN would grow exponentially, by when REN would be no more a naïve entrant in the world of cryptocurrencies, but a seasoned player at $5.

REN: Beginning of an Epic Saga

Cryptocurrency trading is not easy for the new dabblers. Joining the crypto pool for new swimmers could be a herculean task. Trading can be a mammoth burden for those who are moving from a broker’s help to doing it on an online platform independently. REN has taken the appropriate decision to transit from darkpools to blockchain interoperability, especially for the governing factor of use cases. The exemplary functionality of REN has been to enable expeditious transactions, based on reliability and highly valuable. The credit also is due to the dedicated team of REN who have burnt midnight oil to make this project a highly successful one eliminating the technological and operability hurdles for users on the platform.

The functionality of a cryptocurrency defines its price and not its epic origin. The same is true and valid for REN too. The interoperability functionality that drives REN is what defines its price momentum. The history is meaningless. Built on Ethereum mainchain Matic has the advantage of programming language, developer documentation, etc. readily available and it does not have to build everything from scratch. This is so mainly as Matic is an EVM based side chain.

Governments worldwide are taking measures to restore the economies and it is set to have an influential impact on REN too. This should make REN an active and safe haven for investors. According to experts, some crypto fans say it could push REN down to the unprecedented wave of stimulus from governments and central banks around the world aimed at tackling the coronavirus crisis. Such measures, they say, devalue fiat currencies, making REN an attractive alternative.

How REN has scaled the operability issues and made transactions faster for the masses is what is going to add multi-layer to the entire mechanism of price as well. Only then the question of mainstream adoption and investment arise. The day is not far when the entire exchange will be dominated by REN and a cohort of the REN community starts talking about fixating the price at a predetermined level to avoid the sky-rocketing phenomenon!!

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FAQs

Is REN crypto a good investment?

REN can be a profitable investment option. Ren price equal to 0.335 USD at the beginning of this year. Based on our REN forecast, a long-term price increase is expected; the price prognosis for 2025 is around $5.

Where can I buy REN?

Right now you can buy REN at a good number of cryptocurrency exchanges including Binance. Once you have your trading account setup at one of the exchanges that trade REN, you will need to transfer your BTC or ETH from Coinbase to that specific exchange. This is done via a wallet system.

Can you stake REN?

Ren token holders can stake REN and earn a plethora of assets rather than the native asset, limiting the selling pressure from reward earnings.

Where are REN tokens stored?

Ren (REN) is on the Ethereum network (ERC-20) so it can be stored using any ETH compatible wallet.

What can be built with RENVM?

RENVM serves as a plug-in for decentralized finance and therefore, any dApp can incorporate RENVM’s capabilities into their applications and existing smart contracts. Extra care has been taken to ensure RENVM is composable with existing blockchain and DeFi applications.

Does REN offer complete anonymity for all transactions?

REN enhances privacy for users by encrypting sender, amount, and recipient data within single-signature transactions published to its public blockchain ledger, specifically for transactions involving shielded addresses.

Will REN cross $1?

Of course, the stars look quite favorable for the year ahead. Even though the last year was not a very motivating period from a global perspective, the current year shall witness major changes in the economic scenario for most of the countries and for the better!

In fact, the coin did cross the $1 mark in the month of February.

How can I buy REN?

There’s an overview of the exchanges available to you and a buying guide to help you along for easy comparison. Rates are taken directly from each exchange’s official web socket. For fiat exchanges or exchanges that don’t offer web sockets, rates are refreshed every 60 seconds.

How do I store REN in wallet?

Cryptocurrency wallets that support REN include My Ether Wallet (MEW – desktop), Atomic Wallet (mobile), Trust Wallet (mobile), and the Exodus wallet (mobile and desktop). Hardware cryptocurrency wallets that support REN include Ledger, Trezor, and KeepKey. Since REN is an ERC-20 token, it can be stored on virtually any wallet which supports Ethereum. As such, there is no shortage of software wallets and hardware wallets where you can store your REN tokens.

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Sours: https://www.cryptonewsz.com/forecast/ren-price-prediction/


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