Renq Finance Price
Renq Finance
Renq Finance to USD price Chart
Renq Finance price today
The current price of Renq Finance (RENQ) is $0.0022623, as of December 21, 2024. Over the last 24 hours, the price has moved by -2.32%, with a change of -0.01% in the past hour. For longer-term performance, the price has varied by -6.31% over the last 7 days and by -26.05% in the past month.
Market update
The 24-hour trading volume is $100,084, and price fluctuations during this time have ranged between a low of $0.0022592 and a high of $0.0023424. The all-time high for Renq Finance was $0.0324328 on May 26, 2023, while the all-time low was $0.0005264 on October 29, 2024.
Market ranking and capitalization
Renq Finance holds a market rank of #, with a market capitalization of $0. Its fully diluted valuation stands at $2,262,308.
Supply overview
The circulating supply of Renq Finance is $0, out of a total supply of $1,000,000,000 and a maximum supply of $1,000,000,000.
Price changes and historical data
Over the last year, Renq Finance has experienced a price shift of -80.87%, while over the last 30 days, the price has seen a -26.05% change. The price change over the last 200 days stands at -41.39%.
These metrics are updated every minute to ensure real-time accuracy, helping you stay informed about the latest trends and market movements for Renq Finance.
Renq Finance (RENQ) is a community-centered initiative dedicated to tackling what they refer to as the ‘liquidity problem’. This is the inability of diverse liquidity sources to seamlessly integrate with decentralized markets, and vice versa.
Renq’s approach aims to foster a more extensive array of network effects, diverging from the gradual incremental advancements offered by alternative solutions in resolving liquidity issues. Renq Finance does not confine itself to a singular solution; instead, it intricately interweaves various decentralized markets and instruments, fostering a holistic approach to liquidity challenges.
What makes Renq Finance unique?
Typically, when individuals trade on a centralized exchange, they relinquish control over their assets as the exchange assumes custody. Renq allows its users to maintain complete control over their assets when utilizing the platform. Renq Wallet’s robust security measures ensure the protection of all user transactions, while also presenting call data in a user-friendly manner.
Renq Enclave technology is automatically activated by default, bolstering security. Renq also offers an additional layer of protection through optional two-factor authentication allowing users to safeguard their seed/private key.
Renq Finance governance and staking
RENQ is the governance token of Renq Finance. It was deployed in May 2023 on the Ethereum blockchain (ERC20) and has a maximum supply of 1 billion tokens, with all the tokens currently in circulation. As of 4 October it had a market capitalisation of $11.2 million and a fully diluted market cap of $11.19 million.
Renq has stated that in the long-term, governance will primarily rely on its community, facilitated through forum discussions and, where relevant, voting on proposals conducted using Renq’s Snapshot platform.
According to Renq Finance, their aim is to establish a decentralised autonomous organization (DAO) characterised by trustless governance that functions effectively.
Renq finance price
The RENQ token opened at $0.05466 on 22 May, which, at the time of writing, still marked its all time high. The price would go on to trend downward for the rest of the month and closed May out at $0.02347.
The token’s prospects would not improve significantly in June, where it hovered around the $0.01 mark for the majority of the time. July saw the Renq Finance coin price reach its all-time low to date, falling to $0.006939 on the 26th of the month.
RENQ would rebound slightly in late August, rising above $0.01 for the first time in over a month on 30 August. This bullish spike would continue into early September where the price ticked up to $0.01572 in the middle of the month.
As of 4 October, the Renq Finance crypto price was trending downward once again having fallen 23.45% to $0.01119 in the past seven days and in the last 24 hours. In comparison, the price of Bitcoin (BTC), the world’s most-traded cryptocurrency, rose by 5.21% in the past seven days and 2.2% in the last 24 hours with a circulating supply of 19 million coins and a market cap of $546 billion.
Meanwhile, the cryptocurrency Pepe (PEPE) which launched just one month before RENQ was trading positively overall, though at a much lower price than RENQ, having risen by over 1,000% since its initial opening price of $0.00000005685 to $0.0000007169.
Renq Finance market sentiment
Market sentiment for Renq Finance (RENQ) was pretty positive as of early October 2023. CryptoPrediction.com suggested that the price could rise 39% to $0.01562 by the end of the year. The site further forecast that the price could rise to $0.03055 in December 2024, $0.03568 in 2025 and $0.04120 in 2026.
Another forecaster, Techopedia, was also cautiously optimistic about the future price of Renq finance, saying:
“As the project starts to move forward and the concept of multi-chain DeFi becomes big, we might see the RENQ price again enter price discovery by the end of 2023. Our conservative estimate as to how well RenQ finance might perform by the end of 2023 points to around the $0.06 mark. A lot will depend on the project delivering on its roadmap.”
Techopedia further predicted that the token could reach $1 by 2030.
Meanwhile, DigitalPriceCoin predicted RENQ would only rise in the coming years, averaging $0.0195 in 2023, rising to $0.0397 in 2025 and $0.0572 in 2027. The site’s price prediction for 2030 had the Renq Finance token at $0.11.
Where to buy Renq Finance
A step-by-step guide on how to buy RENQ can also be found on Renq Finance’s official website. The most direct approach to purchasing Renq Finance tokens would likely involve locating a trustworthy centralised exchange, akin to the platform Binance.
Alternatively, you could consider purchasing Renq Finance through a decentralized exchange (DEX) that operates on the same blockchain network where your Renq Finance holdings are stored.
FAQs
What is RENQ cryptocurrency?
Renq Finance (RENQ) is a non-custodial decentralized exchange operating across multiple blockchains, which aims to enhance the experience of decentralized trading by offering users a direct trading feature within their wallet application. This stands in contrast to centralized exchanges such as Binance or Coinbase.
Is RENQ a good investment?
Overall sentiment from forecasters was positive for RENQ as of early October 2023, however, whether the token is a good investment for you or not will depend on your investment goals, familiarity with the crypto market, and attitude towards risk, among other factors. You should do your own research to determine whether RENQ is suitable for your needs.
How does Renq offer benefits of a centralised exchange and beyond?
Typically, when individuals trade on a centralized exchange, they relinquish control over their assets, as the exchange assumes custody. Renq allows its users to maintain complete control over their assets when utilising the platform. Renq Wallet’s robust security measures ensure the protection of all user transactions, while also presenting call data in a user-friendly manner.
What is the process of buying RENQ tokens?
The most direct approach to purchasing Renq Finance tokens would likely involve locating a trustworthy centralized exchange, akin to the platform Binance. To identify such exchanges, you could consult the ‘Markets’ section on Coinmarketcap.com, which provides a list of centralised platforms where the Renq Finance coin is available for trading.
Where will users receive their RENQ tokens after purchase?
Once a transaction has been confirmed on a blockchain, users should receive any purchased RENQ tokens in their connected wallet. They can then choose to hold the tokens in that same wallet or transfer them to a different one.
RENQ Price Statistics
| Renq Finance Price | $0.0022623 |
|---|---|
| Price Change 24h | -2.32% |
| Price Change 7d | -6.31% |
| Trading Volume 24h | $100,084 |
| 24H Low | $0.0022592 |
| 24H High | $0.0023424 |
Renq Finance Market Cap
| Market Cap Rank | # |
|---|---|
| Market Cap | $0 0% |
| Fully Diluted Valuation | $2,262,308 |
Renq Finance Price History
| All-Time High May 26, 2023 | $0.0324328 -93.02% |
|---|---|
| All-Time Low October 29, 2024 | $0.0005264 329.76% |
Renq Finance Supply
| Circulating Supply | $0 |
|---|---|
| Max Supply | $1,000,000,000 |
| Total Supply | $1,000,000,000 |
