renBTC Price Tops $65,404.21 on Top Exchanges (RENBTC)

renBTC (RENBTC) traded down 0.5% against the dollar during the 1-day period ending at 9:00 AM E.T. on October 17th. In the last seven days, renBTC has traded 0.4% lower against the dollar. One renBTC token can now be bought for about $65,404.21 or 0.97383916 BTC on cryptocurrency exchanges. renBTC has a total market capitalization of $21.58 million and approximately $36.34 worth of renBTC was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• 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 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 2.2% lower 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% lower against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 0.3% lower against the dollar and now trades at $169.41 or 0.00252246 BTC.

renBTC Token Profile

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 message board is medium.com/renproject. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. The official website for renBTC 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 purchase alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to trade renBTC should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView