renBTC Market Cap Reaches $21.75 Million (RENBTC)

renBTC (RENBTC) traded 8% higher against the U.S. dollar during the 24-hour period ending at 12:00 PM Eastern on October 14th. One renBTC token can currently be purchased for approximately $65,918.13 or 0.99972949 BTC on popular cryptocurrency exchanges. renBTC has a market capitalization of $21.75 million and $37.27 worth of renBTC was traded on exchanges in the last day. During the last week, renBTC has traded up 5.9% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0% against the dollar and now trades at $0.0499 or 0.00000076 BTC.
• P2P Solutions foundation (P2PS) traded 8% higher against the dollar and now trades at $170.37 or 0.00258394 BTC.

About renBTC

renBTC launched on May 26th, 2020. renBTC’s total supply is 330 tokens. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. renBTC’s official website is renproject.io. The official message board for renBTC is medium.com/renproject.

According to CryptoCompare, “RenVM implements universal interoperability using the tokenised representation model. However, it introduces several advances that aim to solve many of the technical and economic problems in existing models.

RenVM was created to replace the role of the trusted custodian with a decentralised custodian. This decentralised custodian is implemented using the RZL MPC algorithm, which can generate and manage ECDSA private keys without exposing them (not even to the machines that power RenVM). This improves on WBTC and imBTC by removing the need to trust a centralised custodian.

renBTC (RENBTC) is a one for one representation of BTC on Ethereum via RenVM.”

renBTC Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to trade renBTC should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView