Binance Coin (BNB) and RenQ Finance (RENQ) are set to explode as the market sentiment gets positive

The market sentiment has turned positive for these coins, and many experts believe that they are set to explode in value shortly. In this article, we will examine the reasons behind the positive market sentiment and why investors should consider adding these coins to their portfolios.

Binance Coin (BNB)

Binance, the world's largest cryptocurrency exchange in terms of daily trading volume, was launched in July 2017 to bring cryptocurrency exchanges to the forefront of global financial activity. The name "Binance" represents a new paradigm in global finance, known as Binary Finance.

Binance has evolved into an ecosystem of various functionalities for its users since its launch, including the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and research projects. The power of blockchain technology is utilized in all of these Binance sub-projects to bring new-age finance to the world. BNB plays a critical role in the successful operation of many of these sub-projects.

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Investor interest in BNB has increased significantly since its launch. At the start of 2021, BNB experienced a significant price surge, which brought it to the attention of enterprise investors.

Binance has implemented measures such as BEP-95 to upgrade the already deflationary tokenomics, making BNB even more deflationary. As a result of the proposal, gas fees on Binance Smart Chain have decreased even further, as a portion of the fees is burned to further decentralize the network. This proposal was modeled after Ethereum's well-known EIP-1559.

These measures have helped Binance overcome several exploits of protocols on BSC, such as the $200M Pancake Bunny exploits and various Cream Finance hacks. Despite these hacks, users continue to return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.

RenQ Finance (RENQ)

RenQ Finance (RENQ) is a decentralized finance (DeFi) project that aims to provide a unified platform to connect all isolated blockchains and establish a cross-chain asset exchange network. RENQ holders will be able to participate in decentralized exchanges, liquidity provision, staking, and other DeFi applications.

One of the main reasons why RenQ Finance is expected to explode in value is its unique value proposition in the DeFi market. While there are many DeFi projects out there, RenQ Finance is one of the few that is focused on creating a unified platform for all isolated blockchains. This could potentially bring significant value to RENQ holders, as the project aims to provide all necessary underlying support for the DeFi ecosystem.

In addition, RenQ Finance has been making significant progress in its development roadmap. The project is currently in the final stage of its presale, which is 88% filled at the time of writing. RenQ Finance aims to launch two months ahead of schedule, which is a positive sign for investors who are looking for a project that is making progress toward its goals.

Conclusion

Binance Coin (BNB) and RenQ Finance (RENQ) are two cryptocurrencies that are expected to explode in value as the market sentiment turns positive. Binance Coin is benefiting from the strong performance of the Binance exchange and its growing ecosystem, while RenQ Finance is offering a unique value proposition in the DeFi market.

Both coins have the potential to generate significant returns for investors in the coming months and years. As always, investors should do their research and consider their risk tolerance before investing in any cryptocurrency.

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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

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