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    renBTC

    RENBTC

    Rank #1247

    $69898

    +2.15%
    24H Low$67645
    $7100924H High
    24H Volume
    $9331.04
    All-Time High(ATH)
    $74243
    All-Time Low(ATL)
    $2235.69
    Market Cap
    $21.28 M
    Fully Diluted Valuation
    $21.28 M
    Market Cap/FDV
    100%
    Circulating Supply
    304.5 RENBTC
    Total Supply
    304.5 RENBTC
    Max Supply
    304.5 RENBTC
    Market Sentiment
    Neutral
    * Data from 3rd parties

    renBTC (RENBTC) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-69.97
    -0.10%
    24H
    $+1471.18
    +2.15%
    7D
    $+2817.39
    +4.2%
    30D
    $+13153.4
    +23.18%
    1Y
    $+39818.82
    +132.38%

    Credibility Indicators

    80.94

    Reliability Score

    Rank #1

    # 581

    Percentile

    TOP 5%

    Live renBTC (RENBTC) Price Update

    renBTC price today is $69898 with a 24-hour trading volume of $9331.04, and as such renBTC has a market cap of $21.28 M, giving it a market dominance of 0.00074%. The renBTC price moved 2.15% in the last 24 hours.

    renBTC reached its highest price on 2024-03-12 when it was trading at its all-time high of $74243, while its lowest price was recorded on 2024-01-21 when it was trading at its all-time low of $2235.69. The current lowest price since the last cycle high was $2235.69, and the highest price since the last cycle low was $74243. The social sentiment of renBTC is currently Positive.

    The current circulating supply of renBTC is $304.5 RENBTC. In terms of market cap, renBTC is currently ranked 1247.

    About renBTC (RENBTC)

    Renbtc (erc-20) is a BTC anchor coin issued on Ethereum based on renprotocol. Renprotocol has launched renvm virtual machine on May 27, 2020. Users can deposit the native BTC into the specified renbridge gateway as collateral. Renvm issues the corresponding renbtc in Ethereum network through smart contract, and the whole distribution process is decentralized. Renbtc has been supported by 1inch, curve and other defi projects.

    FAQs

    1. What determines the price movement of renBTC?

    There are two schools of thought in determining the price of renBTC.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of renBTC, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of renBTC from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of renBTC on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for renBTC as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for renBTC and the cryptocurrency market as a whole.

    renBTC Tokenomics

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    renBTC Analysis

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