renBTC (RENBTC) Hits Market Cap of $21.65 Million

renBTC (RENBTC) traded 1.3% higher against the dollar during the twenty-four hour period ending at 21:00 PM ET on October 10th. One renBTC token can currently be purchased for approximately $65,617.37 or 1.09101013 BTC on exchanges. renBTC has a market capitalization of $21.65 million and $34.51 worth of renBTC was traded on exchanges in the last day. Over the last seven days, renBTC has traded 6.7% higher against the dollar.

Here’s how similar cryptocurrencies have performed over 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 up 8.9% 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 0.9% higher against the dollar and now trades at $0.0512 or 0.00000085 BTC.
• P2P Solutions foundation (P2PS) traded down 0.1% against the dollar and now trades at $154.31 or 0.00256565 BTC.

renBTC Profile

renBTC’s launch date was May 26th, 2020. renBTC’s total supply is 330 tokens. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. The official website for renBTC is renproject.io. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official message board 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 currently possible to purchase alternative cryptocurrencies such as renBTC directly using US dollars. Investors seeking to trade renBTC should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView