renBTC (RENBTC) Trading 2.4% Higher Over Last 7 Days

renBTC (RENBTC) traded 0.1% higher against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on November 5th. One renBTC token can currently be purchased for about $67,546.47 or 0.98176839 BTC on popular exchanges. During the last week, renBTC has traded up 2.4% against the US dollar. renBTC has a total market capitalization of $22.28 million and approximately $34.42 worth of renBTC was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• 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 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 0.1% against the dollar and now trades at $68,632.97 or 0.99756026 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.2% against the dollar and now trades at $68,618.33 or 0.99734757 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About renBTC

renBTC launched on 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 official website for renBTC is renproject.io. 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.

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 currently possible to buy alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to trade renBTC should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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