renBTC Hits Market Cap of $1.20 Million (RENBTC)

renBTC (RENBTC) traded 7.2% lower against the dollar during the one day period ending at 7:00 AM E.T. on February 1st. One renBTC token can currently be purchased for $3,623.97 or 0.04606042 BTC on major cryptocurrency exchanges. Over the last week, renBTC has traded down 16.8% against the dollar. renBTC has a total market cap of $1.20 million and approximately $2.70 thousand worth of renBTC was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over 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.BBN (SOLVBTC.BB) traded down 10.5% against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded 5.4% lower against the dollar and now trades at $78,392.09 or 0.99635873 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

renBTC Token Profile

renBTC’s genesis 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 Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official website is renproject.io. The official message board for renBTC 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.Telegram”

Buying and Selling renBTC

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

RENBTC/USD price chart by TradingView