Binance Coin (BNB) has been making waves in the cryptocurrency market due to its recent performance and future plans. With Binance’s expansion plans, Binance Coin (BNB) is expected to explode in 2023. However, another token is tipped to provide better returns for investors. That token is RenQ Finance (RENQ).
RenQ Finance’s (RENQ) key objectives are to provide users anonymity, security, and transparency—some of the most crucial advantages a crypto exchange should have. Although many decentralized exchanges offer their users these benefits, there are also some drawbacks, such as unsuccessful transactions, delayed order execution, front-running, significant slippage, or the absence of some cutting-edge capabilities that centralized exchanges often provide.
Binance Coin (BNB)’s Future Plans and Potential for Explosive Growth
Binance’s Binance Coin (BNB) Chain is prepared to stay competitive in 2023 after fighting off last year’s obstacles, as reported by crypto consulting firm Messari.
In a recent report, Messari research researcher James Trautman observes that 2022 was a “breakout year” for the Binance Coin (BNB) Chain’s non-fungible token (NFT) industry. The research states that the chain’s secondary NFT sales volume increased 857.9% over the previous year.
However, the Binance Coin (BNB) Chain’s sales volume fell in the second half of 2022 amid the more significant crypto crisis. After that, growth soared in the middle of the year. According to Trautman, secondary NFT sales fell by 67.4% from one quarter to the next.
According to the research analyst, the Binance Coin (BNB) Chain surpassed other layer-1 protocols in its peer group last year when considering daily transactions.
Throughout the quarter, daily transaction activity remained constant. Like Polygon, Binance Coin (BNB) Chain ended the quarter with a basic level of daily transactions. Throughout the quarter, Binance Coin (BNB) Chain processed an average of 3.4 million transactions per day, compared to 2.0 million per day processed by Polygon.
The team intends to grow the network via layer-2-like techniques, such as sidechains and zero-knowledge rollups, and to boost decentralization by making the validator set available to the public. Binance Coin (BNB) Chain is already developing a new validator reward scheme that will be used starting in 2023 as it wants to introduce parallel EVM [Ethereum Virtual Machine] execution in various phases.
Why RenQ Finance (RENQ) Might Be a Better Investment Than Binance Coin (BNB) in 2023
RenQ Finance (RENQ) supports many chains and services, such as staking, launchpads, spot trading, and perpetual trading. The RenQ Finance (RENQ) token, which serves as the underlying asset for all platform transactions, is the foundation of this platform and the engine that drives all platform operations. The $RENQ token can also be utilized to cover transaction gas costs.
All transactions on the RenQ Finance (RENQ) platform employ RenQ Finance (RENQ) as a gas fee and collateral for staking and lending processes. Users can stake the RENQ token to earn rewards. This encourages staking, which in turn maintains the network’s stability and privacy.
RenQ Finance (RENQ) is establishing itself as a leader in the quickly expanding cryptocurrency business with a strong vision and a cutting-edge strategy. It is a cutting-edge multi-chain non-custodial DEX that seeks to elevate decentralized trading by offering users a direct trading option via the RenQ wallet app. The RenQ wallet is a multi-chain all-in-one solution that provides investors with access to a wide range of DeFi services, including swapping, farming, mining, staking, lending, and borrowing. The RenQ wallet app also provides access to other superior features that traditionally would only be available through a centralized exchange. These innovative products expand opportunities for investors to maximize profits.
RenQ Finance (RENQ) presents as a great investment opportunity. The fairly new market player is currently trading in presale at a discounted price of $0.030. Post-launch, RenQ Finance (RENQ) is poised to be among the tokens to moon in 2023. Market analysts predict up to 100x returns. Invest in RENQ’s presale today through the protocol’s official website.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.