Bitcoin (BTC), RenQ Finance (RENQ) and Solana (SOL) will rise soon
New Delhi (India), March 3: The crypto world is experiencing a wave of excitement after a market downturn last year. Bullish sentiments are rising and crypto whales are ready to inject funds, indicating a growing sense of confidence in the market.
New Delhi (India), March 3: The crypto world is experiencing a wave of excitement after a market downturn last year. Bullish sentiments are rising and crypto whales are ready to inject funds, indicating a growing sense of confidence in the market.
Established cryptocurrencies such as BTC and SOL are expected to rally after the hits they took in the last bear market.
Established cryptocurrencies such as BTC and SOL are expected to rally after the hits they took in the last bear market.
Subscribe to Continue reading
In addition, RENQ, the latest crypto innovation, is set for significant growth in a short period of time and is poised to provide investors with high returns on investment.
RenQ Finance (RENQ) Overview
RenQ Finance has a unique design and boasts an ecosystem that connects existing, isolated blockchain platforms to facilitate value exchange. The decentralized platform operates autonomously and anonymously in accordance with DeFi principles.
RenQ protects the user by giving them full access to their assets, unlike CEXs which deny consumers custody of their cash and further expose users to the dangers of theft and bankruptcy.
“Not your keys, not your wallet,” Money stored in a user’s wallet can only be accessed via the wallet’s private key, and RenQ does not keep this from users.
In addition, the optional but essential additional security measure of two-factor authentication is used to protect the private key (2FA).
RenQ addresses the liquidity challenge that DeFi platforms have struggled to solve by connecting multiple crypto markets and digital instruments, giving customers a multitude of options for any transaction.
RenQ Finance is set to eradicate “liquidity crunch”, a term used to describe the delay users face when withdrawing money because a crypto exchange lacks sufficient assets.
RENQ is the original token operational on the RenQ Finance platform, the ERC-20 token used primarily for governance among other functions.
Having only recently started the presale and already seeing rising prices as demand has increased in the first and second phases of the presale, the value of the RENQ token is expected to make a big move as the months ahead progress.
The demand for RENQ tokens is increasing every day and this will positively contribute to the price increase, experts predict a minimum of 10X for the short-term increase.
Bitcoin, the first cryptocurrency created by Satoshi Nakamoto in 2009, operates on a proof-of-work model and has a maximum supply of 21 million, of which over 19 million units are already in circulation.
Bitcoin has experienced significant periods of success over the past decade. On November 10, 2021, it reached its highest price to date of $68,770. Its current market cap is $457 billion, and it controls 41.61% of the crypto market.
In the last 24 hours, the price of BTC increased by 2.72%. On average, Bitcoin has grown by 742.89% annually in recent times, prompting experts to predict another surge in the coming months.
BTC has climbed over 40% from the $15,000 zone in the past three months, signaling a bullish momentum that is expected to continue in the months ahead.
Solana is a permissionless blockchain with high performance features that combines the Proof-of-Stake (PoS) consensus method with the Proof-of-History (PoH) mechanism to achieve high throughput while maintaining network security. The Solana blockchain architecture theoretically supports up to 710K transactions per second (TPS).
In the last 24 hours, the price of Solana has risen 0.71% to trade at around $23.
On November 6, 2021, Solana reached its all-time high price of $259.52.
Solana has experienced a price rise over the past three months and is expected to continue rising in the coming months along with RenQ Finance and Bitcoin.
Visit the links below for more information on RenQ Finance (RENQ):
Disclaimer: This article is a paid publication and has no journalistic/editorial involvement from Hindustan Times. Hindustan Times does not endorse/subscribe to the content of the article/advertisement and/or the views expressed herein.
The reader is further informed that crypto products and NFTs are unregulated and can be very risky. There can be no regulatory recourse for losses from such transactions.
Hindustan Times shall not be responsible and/or liable in any manner whatsoever for anything stated in the article and/or also in respect of views, opinions, announcements, declarations, endorsements etc., stated/discussed in same. The decision to read hereafter is solely a matter of choice and shall be construed as an express undertaking/guarantee in favor of Hindustan Times to be exempt from any/all potential legal action, or enforcement claims. The content may be for information and awareness purposes and does not constitute financial advice.
