New Delhi (India), March 7: New?cryptocurrencies?are being created every day to bring the total number of crypto assets to a number greater than twelve thousand (12,000), and a new?cryptocurrency?that's?on the rise?at the moment?is?RenQ?Finance (RENQ). ?
RenQ Finance (RENQ) Will Get Into The Top 25 Coins Faster Than Fantom (FTM) And Apecoin (APE) Did, Experts Predict
RenQ Finance is tipped to enter into the upper echelon of the crypto ranking list; Experts predict that RenQ Finance will get into the top 25 coins faster than Fantom (FTM) and Apecoin (APE) did.
The rise of RENQ is unlike the others; it has defied the odds and is moving with massive potential that is set to topple major?cryptos.?
RenQ?Finance is tipped to?enter into?the upper echelon of the crypto ranking list; Experts predict that?RenQ?Finance will get into the top 25 coins faster than?Fantom?(FTM) and?Apecoin?(APE) did.?
The rise of?RenQ?Finance is based on the wide range of top services currently offered on the platform that has appealed to top investors hence receiving a massive inflow of capital from both new and old investors.?
What is?RenQ?Finance??
RenQ?Finance (RENQ) is a?cryptocurrency?platform that aims to create new asset classes derived from?blockchain-based assets. The platform enables investors to achieve superior portfolio risk management and?open up?new speculation avenues through financial products such as derivatives and margin trades.?
Renq's?decentralized protocols?eliminate?the need for a regulated central clearing house,?provide?global and equal access, and grant users permanent control over their funds. The platform is a part of the?DeFi?(decentralized finance) ecosystem, which is distinguished from centralized crypto exchanges (CEXs) by their strict adherence to autonomous smart contracts.?
Unlike CEXs,?DeFi?platforms cannot act unilaterally with people's funds, providing users with a diverse and inclusive environment in which they?retain?complete control over their assets.?Renq?utilizes a hybrid infrastructure model, a combination of on-chain and off-chain, to offer institutional, liquid, and slippage-free trading to the?DeFi?community. The platform's aggregation protocol obtains liquidity from a variety of exchanges and has the?capacity?to distribute a single trade transaction across multiple DEXs to obtain the most competitive prices.?Renq?offers an order book that significantly reduces the spread compared to AMM models and high leverage of up to 100x for long or short trades.?
Additionally,?Renq?provides users with a governance portal to add new markets or propose other protocol changes. The platform is cross-chain compatible, which?means it allows interoperability between two?relatively autonomous?blockchains.?Renq?doesn't?store any user assets, and the platform offers 2FA security options for users to keep their Keys and Funds secure.?
Apecoin?&?Fantom?are on a fall ?
ApeCoin?(APE) is a?cryptocurrency?that was created by?ApeCoin?DAO in 2022. ?
Apecoin?is currently selling at $4.9 on the live?market, and?doesn't?have the momentum to go higher any longer, says Experts; it is currently -82% down from its all-time high of $26. It also has a?surrounding bearish sentiment?meaning that the public?doesn't?trust it?at the moment.?
Apecoin?currently ranks outside the top 25 per market capitalization, and?RenQ?is well on the way to leapfrogging APE with its fast-growing market cap.?
Fantom?(FTM) is dubbed the?blockchain?solution for the next generation.?Pretty much like?APE, FTM is ranked outside the top 25 and currently has a negative price sentiment.?
Its value had dropped by -88%, a fall from over $3 to now trade at $0.42.?
RenQ?Finance is sure to lead the way and enter the top 25 sooner than these assets.?
In conclusion,?RenQ?Finance is a promising platform that combines the advantages of both?DeFi?and CEXs through its hybrid infrastructure model.?Renq?offers users institutional, liquid, and slippage-free trading comparable to that of conventional centralized perpetual exchanges while?maintaining?the user's control over their financial resources. ?
The platform's cross-chain compatibility and governance portal add further value to the?DeFi?ecosystem, making it a?cryptocurrency?platform that will rise into the top 25 faster than APE and FTM.?
Visit the links below for more information about?RenQ?Finance (RENQ):?
Presale: https://renq.io?
Whitepaper: https://renq.io/whitepaper.pdf?