Decentralized finance projects like Ren pumped into 2021, ending the year where they started with high fees on (ETH) has led to decreased activity for many protocols and DeFi has taken over more popular sectors like non-fungible tokens (NFTs).
Now, it appears that this downward trend is reversing after recent global events highlighted the benefits of DeFi and holding assets outside of the traditional financial system. This week, the price of REN soared 69% from a low of $0.247 on February 24 to a daily high of $0.418 on March 3.
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.