Crypto Mavericks: Ethereum (ETH), Cardano (ADA), and RenQ Finance (RENQ)

Crypto Mavericks: Ethereum (ETH), Cardano (ADA), and RenQ Finance (RENQ)

The kingpins of the crypto market, gaining widespread attention for their utility and also their stability amidst the global recession and bear season, are Ethereum, Cardano, and the newly established RenQ Finance.

These cryptocurrencies are dubbed mavericks because they continue to experience an inflow of multiple users and investors.

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Ethereum (ETH)

Behind Bitcoin, Ethereum is the second-largest cryptocurrency by market capitalization.

Ethereum is a decentralized blockchain platform for a host of digital transactions as well as creating other decentralized applications via smart contracts.

ETH, or ether, is the primary token of the platform. It is used for paying fees on the network to deploy a smart contract to work.

Its smart contracts are coded with Solidity.

According to many analysts, the long-term price of Ethereum will increase due to several causes, including the increasing acceptance of decentralized apps (dApps) built on its network and the development of the decentralized finance (DeFi) ecosystem.

ETH recently hit a five-month high and has been on a rise since the start of 2023.

The prospects of the coin look promising for the future due to its multiple utilities and numerous value propositions, and it recently upgraded to a proof-of-stake consensus, which will give it an expanded region of use.

ETH is one of the mavericks.

Cardano (ADA)

Cardano is also one of the highest-rated mavericks in the crypto market.

Cardano is a public blockchain that is open-source and allows users to create decentralized protocols and execute smart contracts. Cardano was established in 2017.

The Cardano Foundation, IOHK, and Emurgo are the three separate and autonomous entities now in charge of managing Cardano. The Cardano Foundation is in charge of overseeing the protocol’s development, IOHK created the proof-of-work algorithm used to run the Cardano network, and Emurgo is assisting businesses and other major organizations in implementing the Cardano blockchain.

The blockchain is regarded as special since it was designed to address a few issues with existing blockchain networks. To achieve this, distinct design concepts, engineering best practices, and new exploration channels are adopted. The consensus protocol of Cardano is seen to be one of its primary strengths. It has been created internally and is known as Ouroboros.

ADA is the blockchain’s native coin; it is handled by a settlement layer that handles all transactions, while smart contracts are hosted by a computational layer.

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RenQ Finance (RENQ)

RenQ Finance is a community-oriented platform that was developed to counter both the problems of Centralized and Decentralized Exchanges; unlike CEXs, Users of RENQ receive full custody of their assets when using the platform and will have access to a wide range of financial services, markets, and financial instruments, enhancing seamless and fast transactions, which DEXs have lacked.

The platform will be an all-in-one solution to all trading requirements; users can trade, stake, farm, lend, and perform several DeFi services one-stop solution platform of RenQ; i.e., new users and seasoned professionals will have the luxury of doing all they want on the platform without having to create accounts on other platforms.

RENQ will connect distinct blockchains on the Defi space and establish a cross-chain exchange platform, recognizing the platform as ‘the unifier platform to a decentralized world.’ The platform also has a DeFi launchpad to allow users to create new applications, and it also supports NFT creation.

$RENQ is the governance token of the RENQ platform; it has a total supply of 1 billion and is built as an ERC-20 token.

Token holders and Liquidity Providers have benefits ranging from participation in voting processes and receiving APYs.

It is featured in Forbes, Yahoo Finance, MarketWatch, and Digital Journal, making it a valid and recognized ecosystem.

RenQ Finance is a truly decentralized platform that will drive the adoption of DeFi by creating the underlying support required for the ecosystem.

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Visit the links below for more information about RenQ Finance (RENQ):

Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Telegram: https://t.me/RENQFINANCE