REN is Striving Towards $0.1000
Ren (REN) has surged by 6.7% to $0.0750 this week, outperforming major crypto assets. In comparison, Bitcoin (BTC) has only added 0.7% to $68,000. However, Ren needs to break through the resistance at $0.0750 to climb further.
Notably, the token has surged by 30% over the past 10 days amid speculation about the SEC's approval of spot ETH-ETFs. Additionally, the bankrupt crypto exchange FTX announced that it would pay its creditors the dollar value of their deposits at the time of bankruptcy. Ren, being closely associated with FTX, could benefit from this news.
If Ren manages to climb above the $0.0750 resistance, it could potentially reach $0.1000. This represents a tempting 33% upside.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
