renBTC (RENBTC) Price Tops $43,168.69

renBTC (CURRENCY:RENBTC) traded 0.6% higher against the U.S. dollar during the 1 day period ending at 14:00 PM Eastern on January 14th. One renBTC coin can now be purchased for $43,168.69 or 0.99885205 BTC on popular cryptocurrency exchanges. renBTC has a market capitalization of $768.32 million and $12.02 million worth of renBTC was traded on exchanges in the last 24 hours. Over the last seven days, renBTC has traded 3% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Polygon (MATIC) traded 2.3% higher against the dollar and now trades at $2.32 or 0.00005368 BTC.
  • Binance USD (BUSD) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00002315 BTC.
  • Polygon (MATIC) traded flat against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Chainlink (LINK) traded up 1% against the dollar and now trades at $24.89 or 0.00057584 BTC.
  • Crypto.com Coin (CRO) traded down 0.7% against the dollar and now trades at $0.46 or 0.00001057 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00002315 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • Fantom (FTM) traded 1.7% higher against the dollar and now trades at $2.96 or 0.00006851 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.

About renBTC

RENBTC is a coin. Its launch date was May 22nd, 2020. renBTC’s total supply is 17,798 coins. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. The official message board for renBTC is medium.com/renproject. The Reddit community for renBTC is https://reddit.com/r/RenProject and the currency’s Github account can be viewed here. renBTC’s official website is renproject.io.

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. “

Buying and Selling renBTC

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

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