RenQ Finance (RENQ) is DeFi’s newest token, which is currently in the final pre-sale period and 90% past the final stage.
Since the token is similar to the end of the final round of pre-sale, traders have begun to create theories regarding this, much more the value of this asset comes down after the action of the token generation.
In this tutorial, I give a probable monitoring of the value of RenQ Finance, based on the basic features of the token as well as active cryptocurrency trading in full.
The Rise of RenQ Finance
RenQ Finance is a pioneering DeFi platform designed to eliminate the limitations and difficulties that classic cryptocurrencies like Ethereum and Bitcoin face.
Even though ETH as well as BTC paved the way to the crypto industry, they have in no way solved shortcomings. Low transaction rates, high fees, and difficulties together with scalability for a long period prevented these giants from meeting the growing demand for DeFi.
RenQ Finance enters the scene with the mission to eliminate these shortcomings as well as to guarantee excellent business skills together with DeFi.
The concept of the plan is based on the formation of a common platform for absolutely all trader conditions, as well as someone earlier in the line to achieve this fundamental mission.
What Is RenQ Finance?
RenQ Finance is a multi-purpose DeFi platform designed to combine several blockchains under one roof by forming a trusted interchain link to facilitate the exchange of digital assets.
Launched in May 2023, RenQ put on an effective pre-sale (including February) of its RENQ tokens, which raised over Fifteen million dollars in premature stages.
Being a multi-chain platform DeFi, the Renq system is interconnected with different blockchains, which makes it possible to decentralize as well as directly move the crypto-assets of DeFi users.
RenQ also provides a multi-chain DEX to trade cryptocurrencies in a non-threatening, successful as well and profitable way via an adaptable order book together with a large plastic leverage of up to 100x.
How Does RenQ Finance Work?
RenQ Finance is called to guarantee the required basic assistance for absolutely all your DeFi needs. It combines both off-chain as well as on-chain hardware to provide realized trade together with no slippage.
Aiming at absolute decentralization, the RenQ system is ruled by the society together to form a dispersed independent company (DAO).
The referendum in RenQ is executed together with the support of RENQPOWER tokens.
A quorum of one hundred million RENQPOWER (the colored equivalent of one hundred million RENQ tokens) must be accumulated to accept services.
RenQ Finance provides an extensive range of DeFi products by its mission, which is that a DeFi user does not need to move from one blockchain to another to use a variety of abilities. Next, I will analyze the firm’s food products.
RenQ Finance (RENQ) stock price is down today
RenQ Finance (RENQ)’s price today is $0.00984022 with a 24-hour trading volume of $139,753.45. This represents a price decline of -4.18% in the last 24 hours and a -12.24% decline in the last 7 days.
If you are looking for the market value of RenQ Finance, data is not currently available as no information about the negotiable supply of RENQ tokens is reported.
Where can I buy RenQ Finance?
RENQ tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade RenQ Finance is Uniswap V3 (Ethereum), where the most active trading pair RENQ/USDT has a trading volume of $8,232.68 in the last 24 hours.
Other popular choices include BitMart and MEXC.
What is RENQ’s daily trading volume?
RENQ has traded $139,753 in the last 24 hours, up 4.90% from one day ago, indicating a recent increase in market activity.
What is the all-time high for RenQ Finance?
The highest price paid for RenQ Finance (RENQ) is $0.03243283 and was fixed on May 26, 2023 (5 months). Comparatively, the current price is -69.70% below the historically high price.
What is the all-time low for RenQ Finance?
The lowest price paid for RENQ is $0.00690970 and was recorded on July 26, 2023 (3 months). Comparatively, the current price is 42.24% above the historical low.
What is RENQ’s fully diluted valuation?
The fully diluted valuation (FDV) of RENQ is $9,834,935. This is a statistical representation of the maximum market value assuming the maximum number of 1 billion RENQ tokens in circulation today. Depending on how the RENQ token issuance schedule works out, it could be several years before FDV is realized.
How does RenQ Finance’s price performance compare to its peers?
Having declined in price by -12.20% over the past 7 days, RenQ Finance is lagging the global cryptocurrency market, which is up 0.70%, and is underperforming its Ethereum Ecosystem cryptocurrency peers, which are up 12.70%.
What is the market sentiment towards RENQ today?
The community is bullish on RenQ Finance as more than 100% of users have a good attitude towards RENQ today.
How do I add RENQ to MetaMask?
By adding RenQ Finance to MetaMask, you will be able to view your tokens, trade on decentralized exchanges, and more. To add it, you need to import RENQ as a token.
You can copy the RENQ contract address (0xff8c479134a18918059493243943150776cf8cf2) and import it manually, or if you have installed the MetaMask extension for Chrome, add it to MetaMask with a single click on CoinGecko.
Is the RenQ Finance unit an excellent investment?
DeFi tokens are trying to revive together with the times as well as classic economic institutions have motivated people. RENQ is a plan in place of DeFi that is probably able to increase the degree of acceptance of DeFi through the use of multichain.
In addition, it can be an excellent investment for those who want to start trading earlier, as the listing cost is higher than the final presale cost.