Market analysts believe the market has bottomed, ready for the next bull leg. In response, investors are back evaluating their portfolios and the market for investment opportunities with the highest potential for maximum returns. Shiba Inu (SHIB) and RenQ Finance (RENQ) are two of the most popular picks among savvy investors. While Shiba Inu (SHIB) is expanding its ecosystem to provide more utility, RenQ Finance (RENQ) is pioneering a new approach to DeFi trading. These two, led by RenQ Finance (RENQ), might just carry the next bull run.
Shiba Inu (SHIB) is a popular cryptocurrency tradeable on most exchanges. RenQ Finance (RENQ) on the other hand, is a new market entrant that is dominating in presales. RenQ Finance (RENQ) has raised over $3 million after selling out the first two stages of its presale.
Continue reading to learn about Shiba Inu (SHIB) and RenQ Finance (RENQ) as market leaders for the next bull run.
Shiba Inu’s Growing Ecosystem: Shibarium
Shiba Inu (SHIB) is an Ethereum-based meme coin that was launched in August 2020. Despite being launched as a joke coin, Shiba Inu (SHIB) has gained significant popularity in the cryptocurrency community. Tokenomics is one of Shiba Inu’s distinguishing characteristics. Despite a supply of over one quadrillion SHIB tokens, the Shiba Inu team has mechanisms in place to help prevent inflation and ensure the cryptocurrency’s long-term value. One of these measures is “burning,” which involves destroying a portion of the SHIB tokens in circulation permanently. Reducing the circulating supply of SHIB tokens raises their value.
In light of the meme coin’s growing popularity, Shiba Inu’s team has been looking for new ways to expand the Shiba Inu (SHIB) network and provide more utility to the ecosystem. One of the most recent advancements in this is Shibarium, a new layer-2 scaling network that is expected to increase SHIB’s price and attract more investors.
Shibarium has helped push the value of Shiba Inu (SHIB) higher since the launch of its beta test, albeit only marginally. The yet-to-be-launched mainnet may be able to drive SHIB prices even higher. Shibarium has several advantages, including lower transaction costs, faster transaction speeds, and improved performance. Shibarium is expected to have almost no charges. The Shiba Inu team has also added several new features to the SHIB ecosystem. These include an NFT trading feature and a DeFi protocol, ShibaSwap. Shibarium is the new big thing.
What is RenQ Finance (RENQ), and How Does It Work?
RenQ is a community-driven organization that was developed to provide a one-stop solution for all types of traders in the DeFi space through a single platform. RenQ Finance (RENQ) aims to provide DeFi users with a comprehensive solution by offering a platform that includes the benefits of a centralized exchange and more. RenQ Finance (RENQ) elevates decentralized trading by offering direct trading via the RenQ Wallet app.
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