renBTC Price Reaches $93,602.38 on Major Exchanges (RENBTC)

renBTC (RENBTC) traded 1.3% lower against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on December 20th. During the last week, renBTC has traded 5.1% lower against the U.S. dollar. One renBTC token can currently be purchased for about $93,602.38 or 0.98514888 BTC on major cryptocurrency exchanges. renBTC has a total market capitalization of $30.88 million and approximately $191.83 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 2.2% lower 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 6.8% lower against the dollar and now trades at $95,058.25 or 1.00047174 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 6.9% against the dollar and now trades at $94,454.99 or 0.99412249 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.

About renBTC

renBTC’s launch date was May 26th, 2020. renBTC’s total supply is 330 tokens. renBTC’s official message board is medium.com/renproject. The official website for renBTC is renproject.io. 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.

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 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 exchanges listed above.

RENBTC/USD price chart by TradingView