renBTC (RENBTC) Trading 23% Lower Over Last 7 Days

renBTC (RENBTC) traded 1.1% lower against the US dollar during the 1-day period ending at 10:00 AM ET on March 18th. One renBTC token can currently be purchased for $16,882.26 or 0.20746754 BTC on cryptocurrency exchanges. renBTC has a total market capitalization of $5.57 million and $18.68 worth of renBTC was traded on exchanges in the last day. During the last week, renBTC has traded down 23% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 3.7% lower against the dollar and now trades at $0.62 or 0.00000761 BTC.
• 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.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $82,698.77 or 1.01629222 BTC.
• SolvBTC (SOLVBTC) traded 1.2% lower against the dollar and now trades at $82,038.92 or 1.00818324 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

renBTC Profile

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

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 purchase alternative cryptocurrencies such as renBTC directly using US dollars. Investors seeking to acquire 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 aforementioned exchanges.

RENBTC/USD price chart by TradingView