renBTC Price Prediction for 2022, 2023 – Is renBTC a good investment?

renBTC Price Data

In this article we will show you renBTC price prediction. The live renBTC price today is $38,895.35 USD with a 24-hour trading volume of $6,454,903 USD. We update our RENBTC to USD price in real-time. renBTC is down 7.49% in the last 24 hours. The current CoinMarketCap ranking is #100, with a live market cap of $709,083,269 USD. It has a circulating stock of 18,231 RENBTC coins and a max. supply of 13,698 RENBTC coins.

On the off chance that you might want to know where to purchase renBTC, the top digital money exchanges for trading in renBTC stock are as of now Binance,, Curve Finance, Honeyswap, and Bittrex. You can observe others listed on our crypto exchanges page.

renBTC Price Prediction

What Is (RENBTC)

RenBTC is an ERC-20 token based on the Ethereum organization, fixed to Bitcoin. This means that each RENBTC can be always reclaimed for one Bitcoin, and thus will in general maintain its value at near the Bitcoin market rate.

RenBTC is stamped on the Ren platform, which is an open convention that gives everybody access to the between blockchain liquidity, assisting with bringing assets from other blockchains to Ethereum decentralized applications (DApps). The main digital currencies upheld are Bitcoin (BTC), Bitcoin Cash (BCH) and Zcash (ZEC).

The renBTC token is an immediate contender of Wrapped Bitcoin (wBTC). Stamping the token is a fairly straightforward cycle, which sees clients essentially send their BTC to RenVM, which then, at that point, gets the asset and mints an equivalent number of renBTC tokens on Ethereum.

renBTC Past Price Analysis

According to the latest data gathered, the current price of renBTC is $38,887.68 and RENBTC is at present ranked # in the whole crypto biological system. The circulation supply of renBTC price prediction is 18,231 with a marketcap of $708,943,314. You can also read about OMG Network Price Prediction from here.

In the past 24 hours, the crypto has been decreased by – 7.51% in its present value. Assuming we compare the current market cap of the RENBTC with yesterday’s, you can see that the market cap is also down.
renBTC is facing a hard time jumping aboard with other crypto coins. The RENBTC is down to almost – 7.82% in the last 7 days. The coin is as yet showing risking framing sections for past couple of days, the coin may have solid fundamentals however, we don’t believe that it would a profitable asset in present moment.

renBTC Technical Analysis

Notwithstanding the fact that 100 percent accurate technical analysis for renBTC cryptographic money is hardly conceivable, on this advanced technical analysis apparatus by TradingView you can see the real-time aggregated RENBTC trade rating for chose timeframe. The summary for RENBTC/USD is based on the most popular technical indicators – Moving Averages, Oscillators and Pivots.

renBTC Price Prediction

renBTC Price Prediction Indicators

Moving averages are among the most popular renBTC price prediction instruments. As the name recommends, a moving average gives the average shutting price to RENBTC throughout a chose time span. For example, a 12-day basic moving average for renBTC price prediction is an amount of RENBTC’s end prices throughout the last 12 days which is then partitioned by 12. In addition to the basic moving average (SMA), traders also utilize the exponential moving average (EMA). The EMA gives more weight to later prices, and therefore reacts all the more rapidly to late price action.

50-day, 100-day and 200-day moving averages are among the most normally utilized indicators to distinguish important resistance and backing levels. In the event that the RENBTC price moves above any of these averages, it is generally considered to be a bullish sign for renBTC. On the other hand, a dip under an important moving average is usually an indication of weakness in the RENBTC market.

renBTC Price Prediction 2022

There are signs that the crypto market is about to enter another age. Certain that the drawn out price prediction for RENBTC’s price will soar since there is still optimism that the cash will attract substantially more attention. The year 2022 can end with an average price of $63,327.92 and a base price value of $61,651.00. The maximum price is relied upon to exchange around $71,547.38.

renBTC Price Prediction 2023

Volatility drives the cryptographic money market. Today, it is difficult to forecast and stay aware of the current evaluating. Many crypto analysts become possibly the most important factor in this regard. The valuing forecasts are right for the referenced years. Crypto buyers are as yet worried about the crypto bans and new limitations. renBTC price may cross $104,847.36 assuming the market sees a good bull run in 2023. Considering that it is relied upon to be held by long haul financial backers, its average price for 2023 will be around $89,363.47.