Shiba Inu (SHIB) has been a prominent memecoin in the cryptocurrency market for some time. However, the past few months have seen SHIB’s price stagnant, leading some investors to become anxious about the future of the token.
However, recent news in the memecoin market, such as the listing of PePe (PEPE) on Binance and the progress of RenQ Finance’s (RENQ) presale, have SHIB holders feeling optimistic about the potential for a pump shortly.
Pepe Listing Gives Boost to Stagnant Memecoins
Meme coins are a type of cryptocurrency that draws inspiration from internet memes, such as Dogecoin, Shiba Inu, Safemoon, FEGToken, Floki, and Baby Doge. These coins often have a loyal fan base and a strong social media presence, but they also face challenges such as volatility, regulation, and competition.
One meme coin that has gained attention recently is $pepe, which is based on the popular Pepe the Frog meme. $PEPE was introduced in April 2023 as a deflationary token that rewards holders with a 2% redistribution fee and burns 2% of every transaction. The coin also features a unique liquidity pool called “The Pond,” which enables users to stake their $PEPE tokens and earn more $PEPE over time.
$PEPE’s price has surged in recent months, hitting an all-time high of $0.000004 on May 4th, 2023, with a trading volume of over one billion dollars after listing on Binance. It has also gained more than 100,000 holders and over 300,000 Twitter followers. The success of $PEPE has boosted the confidence of investors who believe that meme coins are not just a passing trend, but a viable and lucrative asset class.
Click Here to Join RenQ Finance (RENQ) Presale.
SHIB Holders Optimistic for a Pump
Following the listing of PEPE on Binance, SHIB holders have become more optimistic about the potential for a pump soon. Many investors see the similarities between SHIB and PEPE and believe that SHIB could see a similar boost in price following any positive news or developments.
RenQ Finance Nears End of Presale
Renq Finance (RENQ) is a decentralized finance (DeFi) project with a vision to connect all isolated blockchains and establish a cross-chain asset exchange network. The project aims to provide the necessary underlying support for the DeFi ecosystem, enabling every digital asset holder to experience a truly safe, free, and transparent DeFi service.
RENQ recently completed its presale stage 8, where one RENQ was sold for $0.055. The listing price for RENQ is expected to be $0.070.
In addition to the boost provided by the listing of PEPE on Binance, SHIB holders are also keeping an eye on the progress of RenQ Finance’s presale. As of writing, the presale is 86.70% sold out, with 452,329,421 RENQ tokens sold out for a total of 500,000,000. The project has raised $16,742,518 out of the $19,310,000 target.
The progress of the presale has been impressive, and many investors are excited about the potential for RENQ to make a big impact in the cryptocurrency market. Experts predict that RenQ Finance’s token could have a massive launch as it is expected to launch two months ahead of schedule if it continues with its steady growth.
Conclusion
The recent listing of PEPE on Binance has boosted the stagnant memecoin market, with SHIB holders feeling optimistic about the potential for a similar boost in the price for SHIB.
Additionally, the progress of RenQ Finance’s presale has been impressive, with many investors excited about the potential for the token to make a big impact in the cryptocurrency market. As always, investors should do their own research and consider the risks before making any investment decisions.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website:Β https://renq.io
Whitepaper:Β https://renq.io/whitepaper.pdf
Disclaimer:Β 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.
