SHIB burn rate reaches ATH, RenQ Finance (RENQ) arrives to multiple CEX listings
The cryptocurrency market is abuzz with the latest developments surrounding two popular tokens: Shiba Inu (SHIB) and RenQ Finance (RENQ). SHIB, known for its meme coin status, has recently witnessed a significant milestone in its burn rate. On the other hand, RenQ Finance, a rising star in the decentralized finance (DeFi) space, has announced its arrival on multiple centralized exchanges (CEXs). In this article, we delve into the details of these exciting developments and their implications for the crypto community.
SHIB Burn Rate Hits All-Time High (ATH)
The burn rate of SHIB, a token inspired by the famous Shiba Inu dog breed, has reached an all-time high. This burn rate refers to the process of removing tokens from circulation, reducing the total supply, and potentially increasing the value of the remaining tokens.
The Shiba Inu community, in conjunction with the recent launch of the Shibarium testnet, continues to make significant strides in reducing the supply of SHIB tokens. In a remarkable display of commitment, the SHIB army successfully burned an equivalent number of meme tokens as those transferred to inactive wallets over the past week.
According to data from the Shibburn tracker, a staggering total of 802,428,808 Shiba Inu tokens were permanently removed from circulation in just six transactions within the last day. This impressive feat resulted in a remarkable 2,080% increase in the burn rate. Notably, one of these transactions involved the transfer of an astounding 794,858,822 SHIB to an “inferno” wallet.
As previously reported by U.Today, the SHIB community burned 834,804,461 SHIB tokens in 82 transactions throughout the preceding week. Presently, the Shibburn data reveals that the overall burned SHIB token count amounts to a staggering 410,391,857,902,711, which represents nearly half of the initial one quadrillion supply.
The milestone signifies the strong demand and interest in SHIB within the crypto community. As more tokens are burned, the scarcity of SHIB increases, potentially boosting its value.
RenQ Finance Enters Multiple CEX Listings
RenQ Finance (RENQ), a promising DeFi token, has made significant progress by securing listings on multiple CEXs after launching recently on Uniswap. RenQ Finance is a cross-chain asset exchange network that connects isolated blockchains, enabling users to access a diverse range of assets and participate in decentralized finance protocols.
The arrival of RENQ on these platforms expands its accessibility and trading opportunities for cryptocurrency enthusiasts. This move showcases the project’s commitment to expanding its reach and providing a seamless trading experience for its community.
Benefits of CEX Listings for RenQ Finance
-
Increased Liquidity: Listing on reputable CEXs enhances the liquidity of RenQ Finance. It enables a wider pool of investors to participate, facilitating smooth and efficient trading.
-
Enhanced Visibility: CEX listings bring RenQ Finance to the forefront of the cryptocurrency market, increasing its visibility among potential investors and traders. The exposure gained through these listings can attract more users to the project and potentially drive its growth.
-
Trading Versatility: By being listed on multiple CEXs, RenQ Finance offers users greater flexibility in choosing their preferred trading platforms. This diversification ensures that traders can access and engage with the token using their preferred exchanges.
The Future of SHIB and RenQ Finance
Both SHIB and RenQ Finance have exciting prospects in their respective spaces. The increasing burn rate of SHIB indicates strong community backing, potentially paving the way for further developments and partnerships.
As for RenQ Finance, its arrival on multiple CEXs signifies its growing prominence and presents an opportunity for more users to explore and invest in the project. The future looks promising for both tokens as they continue to evolve and capture the attention of the crypto community.
Conclusion
The recent news surrounding Shiba Inu (SHIB) and RenQ Finance (RENQ) highlights the dynamic nature of the cryptocurrency market. The ATH burn rate of SHIB showcases its community’s engagement and sets the stage for future growth.
Simultaneously, RenQ Finance’s arrival on multiple CEXs expands its trading opportunities and visibility. As these tokens make significant strides, it is essential for investors and enthusiasts to stay informed and capitalize on the opportunities presented by these developments.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Twitter: https://twitter.com/RenQ_Finance
Telegram: https://t.me/renqfinance
The cryptocurrency market is abuzz with the latest developments surrounding two popular tokens: Shiba Inu (SHIB) and RenQ Finance (RENQ). SHIB, known for its meme coin status, has recently witnessed a significant milestone in its burn rate. On the other hand, RenQ Finance, a rising star in the decentralized finance (DeFi) space, has announced its arrival on multiple centralized exchanges (CEXs). In this article, we delve into the details of these exciting developments and their implications for the crypto community.
SHIB Burn Rate Hits All-Time High (ATH)
The burn rate of SHIB, a token inspired by the famous Shiba Inu dog breed, has reached an all-time high. This burn rate refers to the process of removing tokens from circulation, reducing the total supply, and potentially increasing the value of the remaining tokens.
The Shiba Inu community, in conjunction with the recent launch of the Shibarium testnet, continues to make significant strides in reducing the supply of SHIB tokens. In a remarkable display of commitment, the SHIB army successfully burned an equivalent number of meme tokens as those transferred to inactive wallets over the past week.
According to data from the Shibburn tracker, a staggering total of 802,428,808 Shiba Inu tokens were permanently removed from circulation in just six transactions within the last day. This impressive feat resulted in a remarkable 2,080% increase in the burn rate. Notably, one of these transactions involved the transfer of an astounding 794,858,822 SHIB to an “inferno” wallet.
As previously reported by U.Today, the SHIB community burned 834,804,461 SHIB tokens in 82 transactions throughout the preceding week. Presently, the Shibburn data reveals that the overall burned SHIB token count amounts to a staggering 410,391,857,902,711, which represents nearly half of the initial one quadrillion supply.
The milestone signifies the strong demand and interest in SHIB within the crypto community. As more tokens are burned, the scarcity of SHIB increases, potentially boosting its value.
RenQ Finance Enters Multiple CEX Listings
RenQ Finance (RENQ), a promising DeFi token, has made significant progress by securing listings on multiple CEXs after launching recently on Uniswap. RenQ Finance is a cross-chain asset exchange network that connects isolated blockchains, enabling users to access a diverse range of assets and participate in decentralized finance protocols.
The arrival of RENQ on these platforms expands its accessibility and trading opportunities for cryptocurrency enthusiasts. This move showcases the project’s commitment to expanding its reach and providing a seamless trading experience for its community.
Benefits of CEX Listings for RenQ Finance
-
Increased Liquidity: Listing on reputable CEXs enhances the liquidity of RenQ Finance. It enables a wider pool of investors to participate, facilitating smooth and efficient trading.
-
Enhanced Visibility: CEX listings bring RenQ Finance to the forefront of the cryptocurrency market, increasing its visibility among potential investors and traders. The exposure gained through these listings can attract more users to the project and potentially drive its growth.
-
Trading Versatility: By being listed on multiple CEXs, RenQ Finance offers users greater flexibility in choosing their preferred trading platforms. This diversification ensures that traders can access and engage with the token using their preferred exchanges.
The Future of SHIB and RenQ Finance
Both SHIB and RenQ Finance have exciting prospects in their respective spaces. The increasing burn rate of SHIB indicates strong community backing, potentially paving the way for further developments and partnerships.
As for RenQ Finance, its arrival on multiple CEXs signifies its growing prominence and presents an opportunity for more users to explore and invest in the project. The future looks promising for both tokens as they continue to evolve and capture the attention of the crypto community.
Conclusion
The recent news surrounding Shiba Inu (SHIB) and RenQ Finance (RENQ) highlights the dynamic nature of the cryptocurrency market. The ATH burn rate of SHIB showcases its community’s engagement and sets the stage for future growth.
Simultaneously, RenQ Finance’s arrival on multiple CEXs expands its trading opportunities and visibility. As these tokens make significant strides, it is essential for investors and enthusiasts to stay informed and capitalize on the opportunities presented by these developments.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Twitter: https://twitter.com/RenQ_Finance
Telegram: https://t.me/renqfinance
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