The price of REN rose 60%, hitting a new high after the recent | Top DeFi
The price of REN rose 60%, hitting a new high after the recent DeFi integration
The price of Ren (REN) surged 65% on Feb. 19 as the compatibility-focused protocol continued to accumulate in whale wallets containing more than 1 million RENs.
Cointelegraph data shows that REN rose from $0.99 on Feb. 18 to a new record high of $1.84 on Feb. 19. The move to a new high came as REN's trading volume also reached $704 million in the last 24 hours.
Attention to the protocol received a noticeable spike in late January when it was announced that Dogecoin (DOGE) would be integrated with REN, allowing renDOGE to trade in the growing DeFi ecosystem.
DeFi follows the idea of rebuilding the infrastructure of financial services and moving it into a fully decentralized structure, removing the need for third parties such as companies and governments. ...