renBTC (RENBTC) Hits 24 Hour Volume of $44.98 Million

renBTC (CURRENCY:RENBTC) traded down 6.8% against the US dollar during the one day period ending at 19:00 PM Eastern on May 4th. One renBTC coin can currently be bought for about $53,639.32 or 1.00099856 BTC on cryptocurrency exchanges. renBTC has a total market cap of $676.75 million and $44.98 million worth of renBTC was traded on exchanges in the last 24 hours. During the last week, renBTC has traded down 2.5% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Chainlink (LINK) traded up 9.7% against the dollar and now trades at $45.95 or 0.00085742 BTC.
  • THETA (THETA) traded 11.5% lower against the dollar and now trades at $10.23 or 0.00019085 BTC.
  • Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00001867 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • PancakeSwap (CAKE) traded down 10.6% against the dollar and now trades at $36.66 or 0.00068409 BTC.
  • Aave (AAVE) traded down 11.6% against the dollar and now trades at $457.16 or 0.00853129 BTC.
  • Maker (MKR) traded down 13.6% against the dollar and now trades at $5,267.09 or 0.09829256 BTC.
  • FTX Token (FTT) traded down 6.3% against the dollar and now trades at $54.18 or 0.00101112 BTC.
  • Huobi Token (HT) traded down 12.3% against the dollar and now trades at $23.99 or 0.00044772 BTC.

renBTC Profile

RENBTC is a coin. It was first traded on May 22nd, 2020. renBTC’s total supply is 12,617 coins. renBTC’s official website is renproject.io. The official message board for renBTC is medium.com/renproject. 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 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase renBTC using one of the exchanges listed above.

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