renBTC Trading 0.9% Higher Over Last Week (RENBTC)

renBTC (RENBTC) traded 6.1% lower against the dollar during the 24 hour period ending at 16:00 PM E.T. on October 11th. One renBTC token can currently be purchased for about $61,593.25 or 0.97859158 BTC on major exchanges. In the last week, renBTC has traded 0.9% higher against the dollar. renBTC has a total market cap of $20.32 million and approximately $35.55 worth of renBTC was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• 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 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 5.6% against the dollar and now trades at $0.0541 or 0.00000086 BTC.
• P2P Solutions foundation (P2PS) traded up 4.3% against the dollar and now trades at $159.51 or 0.00253424 BTC.

About renBTC

renBTC’s launch 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 official message board for renBTC is medium.com/renproject. 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.”

Buying and Selling renBTC

It is usually not possible to purchase alternative cryptocurrencies such as renBTC directly using US dollars. Investors seeking to acquire renBTC should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase renBTC using one of the exchanges listed above.

RENBTC/USD price chart by TradingView