renBTC (RENBTC) Trading Down 14.2% Over Last Week

renBTC (RENBTC) traded 0.3% higher against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on August 7th. One renBTC token can now be purchased for $56,220.20 or 1.00624512 BTC on cryptocurrency exchanges. renBTC has a market capitalization of $18.55 million and approximately $592.58 worth of renBTC was traded on exchanges in the last 24 hours. During the last seven days, renBTC has traded 14.2% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.5% higher against the dollar and now trades at $0.0122 or 0.00000022 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 14.5% lower against the dollar and now trades at $0.0569 or 0.00000101 BTC.

About renBTC

renBTC was first traded on May 26th, 2020. renBTC’s total supply is 330 tokens. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. renBTC’s official website is renproject.io. renBTC’s official message board 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.”

Buying and Selling renBTC

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

RENBTC/USD price chart by TradingView