renBTC (RENBTC) Market Capitalization Achieves $7.40 Million

renBTC (RENBTC) traded up 2.4% against the US dollar during the 1 day period ending at 9:00 AM E.T. on February 14th. One renBTC token can currently be bought for $22,442.77 or 0.23184243 BTC on cryptocurrency exchanges. renBTC has a market cap of $7.40 million and $30.65 worth of renBTC was traded on exchanges in the last 24 hours. During the last seven days, renBTC has traded 0.3% higher against the US dollar.

Here’s how other cryptocurrencies have performed during 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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.
• SolvBTC (SOLVBTC) traded 0.9% higher against the dollar and now trades at $96,596.92 or 0.99788321 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.1% higher against the dollar and now trades at $96,176.59 or 0.99354101 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.

About renBTC

renBTC’s launch date was May 26th, 2020. renBTC’s total supply is 330 tokens. The official message board for renBTC is medium.com/renproject. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. 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.”

renBTC Token Trading

It is usually not currently 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 Gemini, Coinbase or GDAX. 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