In the past few years Binance Coin (BNB) and RenQ Finance (RENQ) are the two cryptocurrencies that have seen massive growth. Both cryptocurrencies are acknowledged for their potential success for long-term investors.
In this below-written article, we shall see the reason for BNB and RENQ being the crypto with exciting futures ahead of 10 years. Learn more about Cryptocurrency Trading Strategies, then explore this page.
Binance Coin
The largest cryptocurrency in the world is Binance. It was founded in 2017. It has seen noteworthy growth both in price and popularity. It is used for native coin exchange. Although it was at first created to be used as a trading exchange platform but has expanded to many other uses.
Binance Smart Chain has been one of the main reasons that Binance Coin has an exciting future ahead. BSC is a blockchain platform created by Binance to prove a cheaper and faster alternative to Ethereum. Binance Coin has been the main medium of transaction used in the BSC. It has seen a significant rise in its usage and popularity. As more projects are offered to BSC, the demand for Binance will increase daily.
One of the main reasons why Binance Coin has an exciting future is because of its use of DeFi Applications. The full form of DeFi is Decentralized Finance. Binance has been expanding its DeFi applications. The Binance Coin plays an important role in this process. The Binance coin investor can participate in the various Defi projects on BSC. The investor will be rewarded for their participation.
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Factors that help Binance coin to grow.
Binance coins are one of the most profitable coins in the market in recent years. It has gained high popularity and usage in the past few years and has given high returns.
Analysts have predicted that in 2023 the lowest price the Binance Coin will get will be $357, whereas the highest is $415. Though the average trading shall be expected at around $399.38. They also predicted that the price will slowly grow in the coming years.
With this type of consistency, Binance Coin is no doubt become a reliable investment option this year. It has stood out from other cryptocurrencies such as Bitcoin and Ethereum.
RENQ FINANCE
Users can benefit from anonymity, security, and transparency thanks to RenQ. Currently, the vast majority of decentralized exchanges on the market are doing incredibly well in these areas. However, they continue to suffer from drawbacks like unsuccessful transactions, sluggish order execution, front-running, significant slippage, and the lack of many other cutting-edge capabilities provided by centralized exchanges. Still present in decentralized exchanges are these drawbacks.
These elements reduce the likelihood that traders will select decentralized exchanges. They would prefer to use a centralized exchange with many diverse services consolidated onto a single platform that doesn’t have any of these drawbacks. But in doing so, they will cede authority over their financial assets.
That won’t be the case with Renq Exchange. By giving customers a direct trading option through their wallet app, Renq, an innovative multi-chain non-custodial decentralized exchange, elevates decentralized trading. in comparison to centralized exchanges like Coinbase or Binance.
Factors that help Binance coin to grow.
Despite being a relatively young coin on the cryptocurrency market, RenQ Finance (RENQ) has already demonstrated the potential to outperform other important cryptocurrencies like Bitcoin, Solana, and Ethereum in the years to come.
RenQ Finance (RENQ) has been receiving attention from the cryptocurrency world due to its unique advantages and features. The cross-chain functionality of RenQ Finance, which facilitates asset trading between various types of blockchains and DeFi protocols, is one of its main advantages. Enabling access to a wider range of liquidity sources solves the liquidity problem that many DeFi systems have, making transactions easier, faster, and less expensive.
Analysts anticipated that RenQ could experience a substantial value increase of 8000% in 2023 and possibly even more.
Conclusion
Many of the original cryptocurrencies have failed in recent years to experience significant market growth. But according to analysts, RenQ Finance and Binance Coin will both see significant growth in 2023.
While both coins are likely to do well, RenQ Finance is anticipated to expand more quickly and may even outperform Binance Coin. For crypto trading and investment log onto Bitcoin smart
