When investing in the volatile crypto world, it is important to carefully research an asset and understand its potential in the market. Polygon (MATIC) and RenQ Finance (RENQ) are two of the most popular crypto assets in 2023. In this article, we'll examine the market potential of each to help you choose your 2023 winner.
RenQ Finance (RENQ) and Polygon (MATIC): A Quick Overview
Polygon, originally Matic Network, was formed in 2017 by three Indian software engineers: Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The native coin of the network is MATIC. Polygon is an Ethereum layer-2 scaling network, which means it aims to address issues like high transaction fees and network congestion on the Ethereum blockchain. Polygon can process up to 7,200 transactions per second (TPS). This is much faster than Ethereum's 15 TPS.
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RenQ Finance (RENQ) is a DeFi-focused blockchain platform built on the Ethereum network. RenQ Finance (RENQ) aims to revolutionize decentralized trading by offering consumers a comprehensive suite of products focused on addressing the major challenges that limit DeFi adoption. The platform provides cryptocurrency users access to a wide range of financial products and services in a fully decentralized environment. RenQ Finance is built to be highly scalable, allowing it to serve a lot of users and transactions while taking advantage of Ethereum's top security.
Polygon (MATIC) 2023 Price Prediction
Polygon (MATIC) has been one of the best-performing cryptocurrencies in the market. While most of the market sank during the 2022 crypto winter, Polygon (MATIC) managed to trade above key support levels and even minted some positive gains. This was partly due to key partnerships made by the cryptocurrency network in 2022. Polygon (MATIC) has continued to launch new and interesting partnerships in 2023, including one with Shemaroo, one of India's media giants.
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Polygon (MATIC) fell 4.10% in the last 24 hours. The cryptocurrency has also struggled to gain momentum in the last seven days, falling 4.11%. Polygon (MATIC) has fallen 15.77% in the last 30 days. This continued downfall shows that Polygon (MATIC) is in a dip right now and investors can start scouting for entry opportunities.
According to Changelly, Polygon (MATIC) will soar to trade between $1.25 and $1.41 in December 2023. Bitnation is also bullish on Polygon (MATIC). The site predicts that Polygon (MATIC) will rise as high as $1.69 in 2023. According to these predictions, Polygon (MATIC) has the potential to grow steadily and 2x by the end of the year.
RenQ Finance (RENQ) 2023 Price Prediction
RenQ Finance (RENQ) has been a top performer in 2023, hitting price milestone after price milestone. Since the launch of its presale campaign earlier this year, RenQ Finance (RENQ) has raised more than $17 million in just three months. The new DeFi star has also witnessed a more than 150% price increase, amassed a huge following across all social media platforms, and is poised to be one of the most revolutionary and exciting cryptos in 2023.
RenQ Finance (RENQ) is in the final stage of its presale campaign. This stage is more than 85% complete, indicating that the token will be launched into the market soon. The launch price will be $0.07, a 27% increase over the current price of $0.055. Upon launch, RenQ Finance (RENQ) is expected to see a quick rally to close the month of May above $0.55. As volatility subsides and the platform gains footing in the market, the RENQ token is predicted to trade between $2.5 and $3 by the end of the year. Furthermore, market analysts believe that RenQ Finance (RENQ) will explode with gains of between 20x and 100x during the 2024 bull run
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RenQ Finance (RENQ) has many innovative services that have fueled its rapid growth and market acceptability. These include yield farming and launchpad services. RenQ yield farming service allows users to earn rewards by staking their RENQ tokens in liquidity pools. This service comes with a compound interest feature that allows stakers to earn higher rewards on their deposited funds. The RenQ Finance Launchpad service gives investors early access to high-potential crypto startups. This way, investors can make bigger gains by investing in projects before the rest of the crypto market.
Conclusion
Based on our research on the current market climate, RenQ Finance (RENQ) will most likely outperform Polygon (MATIC) in 2023. The new market entrant has utility and growth advantages, making it a stronger bet to generate up to 50x returns by the end of the year.
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Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
