renBTC (RENBTC) Reaches Market Capitalization of $23.52 Million

renBTC (RENBTC) traded up 7% against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on November 5th. Over the last seven days, renBTC has traded up 8.4% against the U.S. dollar. renBTC has a market cap of $23.52 million and approximately $36.43 worth of renBTC was traded on exchanges in the last 24 hours. One renBTC token can currently be bought for $71,282.11 or 0.96461525 BTC on exchanges.

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

• 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 2.2% lower 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 9.1% higher against the dollar and now trades at $74,143.70 or 1.00333932 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 7.9% against the dollar and now trades at $73,225.34 or 0.99091173 BTC.
• AXIA Coin (AXC) traded down 0.1% 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 330 tokens. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. The official website for renBTC 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.”

Buying and Selling renBTC

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

RENBTC/USD price chart by TradingView