renBTC Achieves Market Cap of $30.97 Million (RENBTC)

renBTC (RENBTC) traded 0.1% lower against the U.S. dollar during the one day period ending at 9:00 AM Eastern on January 9th. One renBTC token can currently be purchased for $93,875.39 or 1.01534987 BTC on popular exchanges. renBTC has a total market cap of $30.97 million and approximately $188.32 worth of renBTC was traded on exchanges in the last day. During the last week, renBTC has traded 4.3% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed during 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 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.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• SolvBTC (SOLVBTC) traded down 2.8% against the dollar and now trades at $92,404.64 or 1.00126273 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.4% lower against the dollar and now trades at $92,352.87 or 1.00070184 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 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. 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.”

renBTC Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as renBTC directly using US dollars. Investors seeking to trade renBTC should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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