renBTC Reaches Market Capitalization of $19.31 Million (RENBTC)

renBTC (RENBTC) traded down 5.2% against the US dollar during the 24 hour period ending at 9:00 AM E.T. on April 25th. renBTC has a total market capitalization of $19.31 million and $18,213.94 worth of renBTC was traded on exchanges in the last 24 hours. One renBTC token can currently be bought for $63,425.89 or 1.00347377 BTC on popular cryptocurrency exchanges. Over the last seven days, renBTC has traded up 1.2% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded down 7.9% against the dollar and now trades at $0.31 or 0.00000494 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.5% against the dollar and now trades at $0.0091 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

renBTC Profile

renBTC’s genesis date was May 26th, 2020. renBTC’s total supply is 304 tokens. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. The official message board for renBTC is medium.com/renproject. renBTC’s official website is renproject.io. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here.

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 acquire renBTC should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy renBTC using one of the exchanges listed above.

RENBTC/USD price chart by TradingView