Cryptocurrency investing can be a rollercoaster ride, and Shiba Inu (SHIB) investors are experiencing this firsthand. The coin, which gained massive popularity due to its association with the dog meme, experienced a meteoric rise in value before plummeting in recent months.

As the fear of further losses grows, investors are shifting their focus to alternative tokens, with many turning to RenQ Finance (RENQ).

Shiba Inu (SHIB) was launched in August 2020 as a decentralized meme token, inspired by the popular Dogecoin (DOGE) cryptocurrency. SHIB gained massive popularity due to its association with the dog meme, leading to a surge in value that saw it reach an all-time high of $0.74 In 2021.

Unfortunately, as time went on, the worth of the coin drastically dropped, resulting in a major setback for those who invested. Presently, Dogecoin is valued at $0.08, with a 24-hour change of -5.29%. This recent price fluctuation has led to the tokens market capitalization reducing to $11,063,467,104.96. Since the beginning of the year, Dogecoin has undergone a change of 12.91%.

As Shiba Inu (SHIB) investors look for a more reliable investment option, RenQ Finance (RENQ) is emerging as a major contender. The DeFi project has raised over $13.1 million in its presale, garnering strong community support.

RenQ Finance (RENQ) is a decentralized finance (DeFi) platform that aims to provide users with a comprehensive suite of financial services, including yield farming, staking, and lending. It is built on a hybrid infrastructure that combines both centralized and decentralized elements to provide users with high leverage and never-ending liquidity.

RENQ token holders can participate in governance and decision-making processes on the platform, giving them a voice in the direction of the project. The platform has a strong community following and RENQ Finance aims to solve some of the biggest challenges in the DeFi space, including high transaction fees and limited scalability.

The project also aims to address the lack of transparency and security in the industry by implementing cutting-edge security measures and a transparent auditing process.

RENQ Finance is set to launch on several exchanges, including Hotbit, a tier 1 exchange. The team has been commended for their prompt listing announcement, which has generated significant buzz and excitement in the community.

Click Here to Join RenQ Finance (RENQ) Presale.

RenQ Finance (RENQ) recently announced its listing on Hotbit, a major cryptocurrency exchange. The announcement has generated significant interest among investors, with many seeing it as a significant step forward for the project.

Additionally, the RenQ Finance team has stated that they will be launching on tier 1 exchanges and several other exchanges in the near future, further increasing the projects visibility and market reach.

One of the significant advantages of RenQ Finance is that it offers investors a range of investment options. Users can choose to invest in yield farming, staking, or lending, depending on their risk tolerance and investment goals. Additionally, RenQ Finances hybrid infrastructure allows it to operate on both the Ethereum and Binance Smart Chain networks, providing users with more options and flexibility.

Shiba Inu (SHIB) investors are understandably concerned about the coins recent performance and the potential for further losses. However, the emergence of alternative investment options such as RenQ Finance (RENQ) provides a more reliable investment option for those looking to diversify their portfolio.

With its strong community support, unique features, and growing adoption, RenQ Finance is well-positioned to become a major player in the DeFi space and attract more investors in the coming months. The teams commitment to providing a first listing announcement so soon is commendable and a clear indication of their dedication to the projects success.

Click Here to Buy RenQ Finance (RENQ) Tokens.

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

Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Shiba Inu (SHIB) investors fear more losses, shifting major investments towards this DeFi Token. | - Bitcoinist

As the cryptocurrency market continues to evolve, two tokens stand out as having the brightest future for investors in 2023: Binance Coin (BNB) and RenQ Finance (RENQ).

In this article, we will explore the unique features and potential of each token and why they are poised for growth in the coming year.

Binance Coin (BNB) is the native token of the Binance Exchange, one of the worlds largest cryptocurrency exchanges. BNB was created to facilitate transactions on the Binance Exchange and provide users with discounted fees. However, it has grown beyond its initial purpose and has become a valuable asset on its own.

One of the key factors driving the success of Binance Coin is the popularity of the Binance Exchange. With over 28.6 million users worldwide, the exchange offers a wide range of features and services, including spot trading, futures trading, staking, and lending. Binance has also expanded into new areas, such as NFTs and DeFi, through its Binance Smart Chain.

As the Binance Exchange continues to grow and attract more users, the demand for Binance Coin is expected to increase. In addition, Binance has announced plans to burn a portion of BNB tokens every quarter, reducing the overall supply and potentially increasing the value of each remaining token.

RenQ Finance (RENQ) is a DeFi token that aims to connect isolated blockchains and establish a cross-chain asset exchange network. RenQ offers a decentralized exchange (DEX) called RenQ Swap, which provides fast and secure trades, low trading fees, and a wide range of supported tokens. The platforms liquidity aggregation protocol allows it to source liquidity from different exchanges, ensuring users get the best prices.

One of the unique features of RenQ is its focus on community-driven governance. RenQ holders can vote on proposals and changes to the protocol, giving them a say in the future direction of the project. This approach has led to strong community support and engagement, which is a crucial factor for the success of any cryptocurrency project.

RenQ has already raised $11 million in its ongoing presale, indicating strong investor interest in the project. The team behind RenQ Finance has a strong track record in the crypto industry, having worked on other successful projects.

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Both Binance Coin (BNB) and RenQ Finance (RENQ) offer unique features and strong potential for growth in 2023. BNB is backed by the success of the Binance Exchange and its growing user base, while RenQ is focused on creating a cross-chain asset exchange network with community-driven governance.

As always, investing in cryptocurrency involves risk, but these two tokens are worth considering for those looking to diversify their portfolios and potentially reap the rewards of the crypto markets growth.

Click Here to Buy RenQ Finance (RENQ) Tokens.

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

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Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Binance Coin (BNB) and RenQ Finance (RENQ) are the two cryptos ... - Crypto News Flash

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion

Binances ecosystem has been at the receiving end of an unrelenting regulatory pushback in the first quarter of 2023, casting serious concerns on the future of one of the largest entities in the crypto space.

The latest salvo directed at the crypto-behemoth was the lawsuit by U.S. Commodity Futures Trading Commission (CFTC), accusing the exchange and Founder Changpeng Zhao (CZ) of violating local compliance rules to expand its business.

Earlier in February, Paxos, the issuer of the Binance branded stablecoin BUSD, was directed by the New York Department of Financial Services (NYDFS) to stop minting new tokens. The action, according to the regulator, was brought about by several unresolved issues related to Paxos oversight of its relationship with Binance.

The impact of these crackdowns has been severe. According to a report by crypto-market data provider Kaiko, Binance lost a 16% share of global trading volume in Q1 2023. The lawsuit-induced FUD resulted in a radical shake-up of its exchange reserves with users withdrawing funds for self-custody.

Moreover, the net stablecoin outflow reached -$295 million/day recently, which was the largest net outflow in the history of the worlds largest crypto exchange. Stablecoin liquidity is one of the most crucial parameters to gauge the health of a crypto-trading platform.

The future course for Binance and its native token Binance Coin [BNB] is shrouded in uncertainty. And, most of the investors and analysts in the space would be busy understanding the dynamics to make informed decisions going forward. We, at AMB Crypto, tried to get some help from an unlikely ally ChatGPT

ReadPrice Prediction for Binance Coin (BNB)2023-24

Ever since it burst onto the scene, ChatGPT has become a rage, revolutionizing the way humans interact with AI. People have flooded the AI-powered chatbot with a plethora of use cases to get assistance for literally anything. Right from finding a bug in a code, asking philosophical questions about life, getting dating advice, and even writing full-fledged media articles (not this one though).

Put simply, it functions like a conventional chatbot that we have encountered in the customer support section of different e-commerce companies. However, the big difference here is that the communication is more conversational, or to put it in a different way, more human-like.

Well, this is because it has been trained using reinforcement learning from human feedback (RLHF). This helps it understand instructions and generates nuanced responses.

But cryptos? Binance? Are we stretching the limits of ChatGPT? Lets see.

Binance is not new to compliance-related issues in the U.S. In 2019, it ceased to operate in the country and launched a separate exchange, Binance.US, its American arm.

The platforms structure is quite similar to the fallen FTX in the sense that a major part of its administration is being controlled from outside the U.S. Hence, it has always been under the radar of the regulators.

We started to test our AI friend by posing this very sweeping, although controversial, question. Now, the ability of ChatGPT to express itself is hindered because of the restrictions imposed by the creators. To make it speak its mind, we used the jailbreak hack.

As is evident, ChatGPT refused to make it a Binance v. U.S. government binary and highlighted that the exchanges woes are not limited to one market. It acknowledged that Binance is taking steps to correct its image but the future remains uncertain. It was quite fascinating to note that ChatGPT steered clear of making definitive statements, something which any expert or analyst in this space wouldve done.

Apart from regulatory concerns, the ecosystems blockchain, BNB Chain, has gained notoriety for the rising number of decentralized finance (DeFi) hacks of late. As per a report by ImmuneFi, a Web3 bug bounty platform, BNB Chain was the most targeted chain in Q1 2023 with 33 incidents of hacks and exploits.

Here again, we turn to our AI partner to know if hacks will be the undoing for Binance. This time, it seemed as if it was waiting for this question to be hurled at its end.

ChatGPT said hacks were definitely a cause for concern and advised the developers to prioritize the issue as it may have a damaging effect not just on the adoption of the BNB Chain, but on the value of the BNB coin as well.

Well, ChatGPT would be glad to know that its word of caution was taken seriously. To address the security loopholes, BNB Chain soon announced a hard fork which is scheduled to go live on 12 April.

Another thing that caught our attention was the use of BSC rather than BNB in the latest response. Now, its a known fact that Binance Chain and Binance Smart Chain are now collectively referred to as one entity BNB Chain. This change was introduced in February 2022. However, ChatGPT continued to use BSC Chain.

This, because its knowledge cutoff date is September 2021, meaning that it will base its answers on the information available until this date only.

At press time, BNB was the third-largest cryptocurrency (excluding stablecoins) in the sector, with a market cap of more than $49 billion, per CoinMarketCap data. As a result, significant fluctuations in its value could create ripples in the broader crypto market.

BNB commenced a bullish cycle at the start of 2023, something that has helped it in gaining 27% on a year-to-date (YTD) basis. However, recent hiccups have applied brakes on its momentum. Since the CFTC lawsuit, the coin has shed 4.5% of its value.

Although setting unrealistic expectations amidst this FUD is not the most sensible thing to do, we tried to put ChatGPT under a bit of pressure. We asked whether it sees BNB touching $350 in 2023 given the current state of uncertainty. And, it impressed again.

As was the case earlier, it didnt give a definite value or a price range, which was its USP. Or else it would have felt like a soothsayer predicting the results of FIFA World Cup matches, like Paul the Octopus.

In a very measured way, it outlined factors like market trends, technological developments, and regulatory changes, which will eventually decide the course of any coin. It also called attention to Binances strong DeFi ecosystem which could support BNBs price in the long run.

Enough of the AI praising! Needless to say, it isnt practical to only depend on what an AI tool says when it comes to price predictions and markets. There is nothing like getting the insights of real-world experts. Therefore, we got in touch with Marius Grigoras, Chief Executive Officer at BHero and a crypto-expert, to help us out with the same question that we asked ChatGPT. He stated

While I cannot give a certain answer on whether BNB will reach $350 in 2023, we must consider the general market dynamics. Its evident that the recent regulatory crackdown has taken its toll on the entire crypto market, including BNB. But despite some fluctuations in price which may occur in the short term, I believe BNB possesses the resilience to rebound even stronger in the long haul.

Did you find similarities between human opinion and AI opinion?

Is your portfolio green? Check out theBNB Profit Calculator

Earlier this week, BNB stormed past multiple resistance zones to reach a five-month high of $349. The short-lived rally on 17 April took the token to its highest price since November 2022, before returning to $339 the same day.

The following days saw a considerable decline in BNBs price as it plummeted to as low as $315. This level has emerged as the immediate support zone with the bulls having defended it multiple times.

As for the bull case, $350 is the resistance zone to look out for. A breach at this level will pave the way for a massive rally.

At the time of writing, BNB was trading at $327, with a market capitalization of $51 billion and a 24-hour trading volume of $987 million.

The press time Relative strength index (RSI) reading doesnt indicate if BNB is oversold or overbought. The On Balance Volume (OBV) was at -1.6 million, hinting at an incoming selling pressure in the near term.

BNBs Open Interest (OI) or the total dollar value locked in unsettled contracts on Futures exchanges was $308.7 million. The same saw a marginal drop of 0.54% over the last 24 hours, as per Coinglass. Since the CFTC lawsuit, the OI has declined by 12%.

The funding rates across most exchanges seemed to be in green though, indicating the dominance of bullish traders.

Additionally, traders positioning themselves for price gains increased vis--vis those looking for price losses, as the Longs/Shorts Ratio hiked to 1.25%.

Its important to note that these indicators fluctuate on a day-to-day basis and can take a wild turn in no time. Therefore, the next course of action for BNB is tough to predict. Only time will tell whether it will manage to weather this storm.

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I questioned ChatGPT if BNB could defeat its competitors, the bot said - AMBCrypto News

Are you curious about the future of blockchain technology and the emerging Web3 ecosystem? Look no further than Solana and BNB Chain, two of the most promising platforms pushing the boundaries of speed, security, efficiency, and scalability.

If youre a savvy investor looking to capitalise on this cutting-edge technology, youll want to pay attention to Big Eyes Coin (BIG), an ERC-20 token poised for success on these platforms. In this article, well take a deep dive into the technology and benefits of Solana and BNB Chain and how they compare and contrast in the competitive world of blockchain development.

Solana is a blockchain platform known for its speed, scalability, and security. It is designed to resolve the trilemma of blockchain by offering a decentralised, scalable, and secure network that is also extremely fast. Solanas platform enables the creation of decentralised applications with features similar to those found on Twitter.

Solanas hybrid consensus mechanism, which combines proof-of-history and proof-of-stake, is one of its notable features that enhance stability and security on the network. In addition, it enables faster transaction times and lower fees. Solana supports the execution of smart contracts and provides various DeFi solutions.

Binance Chain (BNB) is a blockchain platform founded by the popular cryptocurrency exchange Binance. It consists of two main components, the Beacon Chain (BC) and the Binance Smart Chain (BSC). The Beacon Chain is responsible for governance functions such as staking and voting. At the same time, the Binance Smart Chain is an EVM-compatible blockchain that enables the creation of dApps and other blockchain-based products.

One of the key features of the Binance Smart Chain is its low gas fees and fast finality times. It uses the Proof-of-Staked-Authority (PoSA) consensus algorithm, which merges delegated Proof-of-Stake with Proof-of-Authority (PoA) to improve scalability. BNB is the native cryptocurrency of the Binance Chain ecosystem and is used for both staking purposes and transactions on the network.

When comparing Solana and Binance Chain (BNB), both platforms offer unique benefits to their users. Solana is known for its fast transaction times and low fees, while Binance Chain (BNB) provides various DeFi solutions and low gas fees.

In terms of scalability, Solanas proof-of-history and proof-of-stake hybrid consensus mechanism provides a secure and stable network that can handle high transaction volumes. On the other hand, Binance Smart Chains PoSA consensus algorithm enables it to process more transactions per second than the Ethereum network

For those interested in investing in ERC-20 tokens like Big Eyes Coin, both Solana and Binance Chain (BNB) offer attractive options. Solanas fast transaction times and low fees make it an excellent choice for those looking to trade digital assets. At the same time, Binance Chains DeFi solutions can provide investors with a range of new opportunities.

To maximise returns, Big Eyes investors can take advantage of the END300 bonus code during the presale for Big Eyes Coin on the platform of their choice. Whether choosing Solana or Binance Chain (BNB), the ability to interact with and support the Big Eyes Coin ecosystem can provide investors with a profitable and exciting opportunity.

In conclusion, Solana and Binance Chain (BNB) are todays most popular blockchain platforms. Each offers unique benefits to its users, and understanding the differences between these platforms is essential for investors looking to maximize their returns. By choosing the platform that best suits their needs, investors can take advantage of the many exciting opportunities offered by the world of cryptocurrencies.

To learn more about Big Eyes Coin (BIG), click on the following links:

Presale:https://buy.bigeyes.space/

Website:https://bigeyes.space/

Telegram:https://t.me/BIGEYESOFFICIAL

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Exploring the powerhouses of Web3: A look at Solana, BNB Chain ... - Euro Weekly News

Billy Markus, the co-creator of meme cryptocurrency Dogecoin (DOGE), has issued a stark warning about the dangers of investing in the sector.

In a series of tweets on April 22, Markus termed putting money in digital assets as literally just investing in mental illness.

Investing in crypto is literally just investing in mental illness, which I suppose is on the rise, he said.

Markus remarks come amidst a bearish climate in the crypto market, with investors having suffered significant losses following the euphoria of the 2021 bull run; traditionally, such downturns have been viewed as favorable times to invest in the market.

The creator went ahead to attack some crypto products, specifically non-fungible tokens (NFT), stating that NFTs are a crypto derivative so its like, even more mentally ill. Notably, NFTs gained massive popularity in the crypto industry at one point, captivating the market with unprecedented sales

However, interest in NFTs has since subsided.

While reacting to the recent spike in the value of the PEPE meme coin, the DOGE founder aimed at those who claim that making jokes about cryptocurrency is preventing generational wealth while terming the notion as gross.

Im reacting to people talking as if making jokes about it is preventing generational wealth, which is gross. But since people are simpletons protecting their bags like baby children, they brigade and act like morons and make stupid takes like this one because brain is hard, he added.

It is worth noting that Markus has, in recent years, adopted a pessimistic approach regarding cryptocurrencies. For instance, in 2022, the Dogecoin creator revealed that he had ceased investing in cryptocurrency nine years ago, shortly after DOGEs introduction. At the time, he stated that investing in crypto could be considered a form of gambling.

In this line, Markus also hit out several digital currency projects focusing on the Binance Smart Chain (BSC). As reported by Finbold, Markus termed all BSC tokens as garbage.

On another front, as per a Finbold report, Jackson Palmer, a fellow co-founder of Dogecoin, expressed his desire for the crypto industry to end during the 2022 bear market.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Dogecoin creator issues stark warning on crypto investing; Here's ... - Finbold - Finance in Bold