REN (ex-Republic Protocol) (REN/USDT)..FUND & TECH ANALYSIS✅FUNDAMENTAL ANALYSIS
Ren (REN), formerly known as Republic Protocol, is a unique open protocol that provides “inter-blockchain” liquidity access through the decentralized “Dark Pool.” The platform is built on a decentralized virtual machine and then replicated on thousands of machines: RenVM, similar to a blockchain.
Ren focused on dealing with “huge” deals quietly and secretly to avoid upsetting the market. Ren Dark Pool feature will help you solve the problem in a completely simple way through privacy, interaction and reality. In short, Ren’s primary goal is privacy for all decentralized financial applications (DeFi).
REN digital currency offers many outstanding advantages. Ren integrates with other blockchains to bring privacy and interactivity. By doing so, it improves on new and existing DEX applications, DeFi applications and dApps.
Disadvantage of REN
Weak internet marketing.
In order to support the claimed large volume of transactions, the system requires first to acquire a large number of miners.
✅Conclusion
REN is carrying a great potential plus a good team, able to adjust the development direction well. However, the process of developing a RenEx product in beta is still relatively immature, requiring investors to have patience. Therefore, before deciding to invest, you need to study the price cycle and market movements to invest in the right time.
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✅TECHNICAL ANALYSIS
After breaking Dynamic support uptrend line
- Price reduced by about 20% and in case of breaking its $ 0.20 support; More correction can be expected in the short and medium term, and buyers will probably will get long position around $ 0.13 after encountering key static and dynamic key support lines.
-If REN can hit this area from the intersection, wait and look for buying opportunities...
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
