DEFI MAGNETS
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market
Monday, March 27, 2023
No Result
View All Result
DEFI MAGNETS
No Result
View All Result
Home DeFi

Shibarium effect for Shiba Inu (SHIB) nullified by market Dump, while AI friendly DeFi Giant RenQ Finance (RENQ) raises $2.35M, closes stage 2 of its presale.

Frank Miller by Frank Miller
March 16, 2023
in DeFi
0
Shibarium effect for Shiba Inu (SHIB) nullified by market Dump, while AI friendly DeFi Giant RenQ Finance (RENQ) raises $2.35M, closes stage 2 of its presale.
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


In current instances, the cryptocurrency market has skilled numerous ups and downs, with some tokens rising to new heights whereas others have plummeted.

Shiba Inu (SHIB), which noticed a major surge as a result of anticipated launch of Shibarium, has been affected by the current market dump, inflicting a decline in its worth.

>>>>> BUY RENQ TOKENS HERE <<<<<

However, RenQ Finance (RENQ) has been making waves within the DeFi house, elevating a formidable $2.35 million and shutting stage 2 of its presale. As an AI-friendly platform, RenQ Finance is able to revolutionize the DeFi market and supply buyers with wonderful returns.

Shibarium Impact for Shiba Inu (SHIB) Nullified by Market Dump

Shiba Inu, the meme-inspired cryptocurrency, has been making waves within the crypto business since its launch in August 2020. Its recognition surged after the introduction of the Shibarium ecosystem, which promised to carry decentralized finance (DeFi) options to the SHIB token. Nevertheless, current market occasions have nullified the Shibarium impact, leaving SHIB holders disenchanted.

The SHIB token noticed an enormous surge in worth in October 2021, after the announcement of the Shibarium ecosystem. Nevertheless, the market downturn that adopted in November and December brought about the token’s worth to plummet, wiping out a lot of the positive factors made in October.

Regardless of the Shibarium ecosystem’s promising options, the present market circumstances have made it troublesome for SHIB to achieve its full potential. The undertaking’s builders are nonetheless optimistic concerning the future, they usually imagine that the market will ultimately get well, permitting the Shibarium ecosystem to thrive.

>>>>> BUY RENQ TOKENS HERE <<<<<

RenQ Finance (RENQ) Raises $2.35M, Closes Stage 2 of Its Presale

In distinction to the struggles confronted by SHIB, RenQ Finance has been making regular progress within the crypto business. RenQ Finance is a decentralized platform that gives customers a spread of DeFi companies, together with farming, staking, lending, exchanging, and different comparable actions.

The platform has been gaining recognition in current months, due to its hybrid infrastructure mannequin, which mixes on-chain and off-chain options. RenQ Finance’s off-chain order guide offers a pace benefit in comparison with that of standard centralized perpetual exchanges, whereas its aggregation protocol obtains liquidity from a wide range of exchanges, permitting it to supply aggressive costs for trades.

In early January, RenQ Finance launched its presale stage, providing its token at $0.02, which offered out inside minutes. Not too long ago, the platform closed the second stage of its presale, promoting over 100 million $RENQ and elevating $2.35M from buyers. The funds might be allotted in direction of platform growth and increasing its person base.

RenQ Finance’s third presale stage will start at $0.03, signifying a 50% improve from its preliminary worth of $0.02. With the profitable completion of its presale and passing the rigorous Certik Audit, RenQ Finance’s builders are bullish on the undertaking’s potential to ascertain itself as a serious DeFi participant.

Conclusion

The crypto business is continually evolving, and tasks that had been as soon as seen as promising can rapidly fall out of favor.

The current struggles confronted by Shiba Inu function a reminder that even the preferred tasks may be affected by market downturns. However, RenQ Finance’s current success reveals that there are nonetheless alternatives for brand new tasks to make an affect within the business.

As at all times, buyers ought to do their analysis earlier than investing in any cryptocurrency undertaking. Nevertheless, the current developments surrounding SHIB and RENQ present helpful insights into the present state of the crypto business and its potential for development sooner or later.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Go to the hyperlinks under for extra details about RenQ Finance (RENQ):

Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf

 

Disclaimer: This can be a paid launch. The statements, views and opinions expressed on this column are solely these of the content material supplier and don’t essentially characterize these of Bitcoinist. Bitcoinist doesn’t assure the accuracy or timeliness of knowledge accessible in such content material. Do your analysis and make investments at your individual threat.



Source link

Tags: 2.35MclosesDeFiDumpeffectFinancefriendlyGiantInuMarketnullifiedPresaleraisesRenQSHIBShibaShibariumstage
Previous Post

As Ripple (XRP) and Dogecoin (DOGE) Fall, TMS Network

Next Post

Instagram Abandons its NFT Feature One Year After Launch

Next Post
Instagram Abandons its NFT Feature One Year After Launch

Instagram Abandons its NFT Feature One Year After Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Congressman Says TikTok Ban Won’t Ensure Americans’ Data Safety

Congressman Says TikTok Ban Won’t Ensure Americans’ Data Safety

March 25, 2023
Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

March 25, 2023
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

March 13, 2023
British Inventor Believes AI Could Revolutionize Construction Industry

British Inventor Believes AI Could Revolutionize Construction Industry

March 19, 2023
Voyager Judge Provides Ripple Another Victory Argument

Voyager Judge Provides Ripple Another Victory Argument

March 16, 2023
How To Buy Dogecoin on eToro: 5 Easy Steps

How To Buy Dogecoin on eToro: 5 Easy Steps

March 24, 2023
U.S. Justice Dept. Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US

U.S. Justice Dept. Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US

March 10, 2023

India to Have Over 150 Million Crypto Users by the End of 2023? (Study)

March 26, 2023

Binance to Suspend British Pound Deposits, Withdrawals

March 13, 2023

Binance And Bitmex To List Arbitrum’s ARB Token After Mar. 2…

March 22, 2023

Beat Banks Runs With Bitcoin: Meet The New Bull Narrative For Crypto

March 14, 2023

SVB Fallout: Circle USDC Stablecoin in Focus; Binance, Tether Say No Exposure

March 11, 2023

2023 Blockchain (Defi) Revolution with Ethersafe, Changing the future with blockchain

March 25, 2023

Authorities shut down Bitcoin mixer ChipMixer, seize $46.6M

March 17, 2023

British Inventor Believes AI Could Revolutionize Construction Industry

March 19, 2023

India to Reportedly Crack Down on Pre-Installed Apps

March 21, 2023

Recent News

Grindr Alerts Egyptian Users of Police-Operated Profiles

Grindr Alerts Egyptian Users of Police-Operated Profiles

March 27, 2023
How To Trick AI Into Making Errors – the ‘Neurosemantical Invertitis’ Hack

How To Trick AI Into Making Errors – the ‘Neurosemantical Invertitis’ Hack

March 27, 2023

Categories

  • Artificial Intelligence
  • Binance
  • Bitcoin
  • Blockchain
  • Business
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • DeFi
  • Dogecoin
  • Education
  • Featured
  • Market
  • News
  • XRP

Follow Us

Find Via Tags

bank Big Binance Bitcoin Blockchain Blog BTC CEO Chain Coin Crypto DeFi DOGE Dogecoin Ethereum Eyes Finance Heres IBM Inu investors Launches Market Million network Presale Price Ripple Score SEC Sentiment Shiba Silicon Stablecoin Supply SVB Token traders Trading Tweet USD USDC Valley Whats XRP

© 2023 Defi Magnets | All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market

© 2023 Defi Magnets | All Rights Reserved