Dogecoin (DOGE) and Shiba Inu (SHIB) have captured the eye of the crypto world as common meme cash. DOGE’s meteoric rise in 2021, fueled by Elon Musk’s tweets and movie star endorsements, made it one of the crucial talked-about cryptocurrencies. SHIB, alternatively, is a more recent addition to the meme coin world, and its reputation has additionally surged because of intelligent advertising and an lively group.
Nonetheless, there’s a new participant within the sport that might overtake each DOGE and SHIB by way of market capitalization – RenQ Finance (RENQ).
RenQ Finance has achieved a serious milestone in its presale stage by efficiently elevating over $5 million in simply 4 phases, leading to a value acquire of over 75%. The presale started in February 2023 and is at present in its fourth stage, promoting at $0.035 with a 78% fill price. The undertaking is gaining momentum and approaching the fifth stage with full power, boasting a 100% acquire.
The success of the presale stage has put RenQ Finance on the map as one of the crucial promising DeFi tasks available in the market. The crew is dedicated to delivering on its guarantees and constructing a platform that gives actual worth to its customers. With the launch of its merchandise within the coming months, RenQ Finance is poised to turn out to be a serious participant within the DeFi ecosystem.
What are Dogecoin and Shiba Inu?
Dogecoin is a cryptocurrency that was created in 2013 by Billy Markus and Jackson Palmer. The coin was initially designed to be a joke, that includes the favored “Doge” Web meme as its brand. Nonetheless, the coin’s reputation has surged lately, thanks partly to the involvement of high-profile people like Elon Musk.
Shiba Inu is a more recent meme coin that was launched in August 2020. The coin contains a Shiba Inu canine as its brand, and its creators describe it because the “Dogecoin killer.” Like DOGE, SHIB has seen a surge in reputation, because of its lively group and intelligent advertising methods.
What’s RenQ Finance?
RenQ Finance is a decentralized finance (DeFi) token that goals to simplify DeFi for the typical investor. The token is constructed on the Ethereum blockchain and is designed to be a user-friendly platform for yield farming and staking.
RenQ Finance additionally provides a yield optimizer that robotically reinvests customers’ funds to maximise their returns.
How Can RenQ Finance Overtake DOGE and SHIB?
Not like DOGE and SHIB, which have market capitalizations of over $12.3 billion and $6.4 billion respectively, RenQ Finance is at present in its presale stage and has but to ascertain a market capitalization. Nonetheless, the token has a number of benefits that might assist it overtake each cash sooner or later.
1. RenQ Finance has a transparent use case as a DeFi token. Whereas DOGE and SHIB are primarily used for hypothesis and buying and selling, RenQ Finance has a sensible goal within the DeFi ecosystem. This might make it extra interesting to buyers searching for a long-term funding.
2. RenQ Finance has a robust group that’s actively working to advertise the token. The RenQ Finance crew has additionally been working exhausting to enhance the token’s performance and consumer expertise, which might appeal to extra buyers sooner or later.
3. RenQ Finance’s yield optimizer could possibly be a game-changer within the DeFi world. Yield farming is changing into more and more common amongst crypto buyers, however it may be a sophisticated and time-consuming course of. RenQ Finance’s yield optimizer simplifies the method, making it extra accessible to the typical investor.
Whereas DOGE and SHIB have captured the eye of the crypto world as common meme cash, RenQ Finance (RENQ) is a DeFi token that might overtake each cash by way of market capitalization.
RenQ Finance’s clear use case, robust group, and revolutionary yield optimizer makes it a beautiful funding alternative for these searching for a long-term funding within the DeFi area. Nonetheless, as with all funding, buyers ought to do their analysis earlier than investing in any cryptocurrency.