On this article, we’re going to take a look at the most recent crypto market information for Polkadot (DOT), Jupiter (JUP) and Renq Finance (RENQ) with a concentrate on updating costs.
The most recent crypto information for Polkadot (DOT), Jupiter (JUP) and Renq Finance (RENQ)
Let’s begin with the premise we’re about to investigate three very totally different cryptocurrencies from one another: DOT is a high-cap coin whereas JUP and RENQ may be categorised as low-cap.
The tasks behind the three tokens/cash have related however totally different objectives.
Polkadot is an open-source multi-chain protocol, which goals to create an ecosystem consisting of a number of specialised blockchains during which cross-chain actions are low-cost and may belief Polkadot personal relay chain commonplace.
The targets of the venture are just like these of Cosmos, which, with IBC (inter-blockchain communication), goals to create an infrastructure of networks which might be separate from one another however in a position to talk successfully.
The primary distinction between the 2 tasks considerations the best way during which the blockchain structure is constructed.
Furthermore, Polkadot makes use of the Substrate programming language whereas Cosmos can depend on totally different frameworks resembling Solidity.
Jupiter is a venture began in 2016 which goals to make the blockchain extra accessible to all.
Because of Jupiter’s cryptography, it’s doable to make sure the safety of consumer knowledge.
Utilizing the Gravity working framework, anybody can construct decentralized purposes in minutes throughout private and non-private networks.
Lastly, Renq Finance is a decentralized autonomous group (DAO) that goals to attach all current blockchains by simplified cross-chain exchanges.
The thought is to create a unified platform the place merchants can benefit from all the advantages of the DeFi world: asset custody, performing swaps, buying and selling perpetuals, offering liquidity, and taking part in varied launchpads.
The venture is analogous, albeit minimally, to Polkadot by way of its need to simplify cross-chain exchanges, but it surely differs from it by the presence of a single platform that acts as an aggregator of all actions and by the best way the infrastructure is constructed.
Now let’s check out the most recent crypto information for DOT, JUP, and RENQ.
Relating to Polkadot, there is no such thing as a explicit information to say, whereas there’s information for Jupiter and Renq Finance.
Jupiter introduced a couple of days in the past the cessation of improvement actions on Metisa decentralized social media platform designed in 2018. The workforce claims to have executed a fantastic job over the previous 4 years implementing a number of strains of code and making social media obtainable on iOS and Android.
Nevertheless, no noticeable outcomes had been noticed, which is why the builders of Jupiter most popular to desert the event of Metis to concentrate on Jupiterversea metaverse that may implement NFTs from the Leda market.
Relating to Renq Finance, the most recent information speaks unidirectionally concerning the funding cycle that the venture initiated with a purpose to launch its token available on the market. Certainly, it must be remembered that at present, the RENQ token is just not but listed on any centralized or non-centralized change.
At present, the Renq Finance workforce has raised greater than $4.7 million.
🚨ANOTHER IMPORTANT STEP🚨
RenQ Finance presale raised over $4.7 million. 🤩
Thanks for being an necessary a part of the RenQ neighborhood. 🙏🙏
Let’s smash that $5 million mark 🔥🔥
SHOP NOW – https://t.co/iIbIXyIpYZ pic.twitter.com/tuivGf31z3
— RenQ Finance (@RenQ_Finance) April 3, 2023
Value Replace for DOT, JUP and RENQ Crypto Belongings
On the subject of worth evaluation, the three cryptocurrencies DOT JUP and RENQ noticed very totally different worth actions from one another.
DOT this morning has recovered from the dip suffered within the final hours of the evening, the value is steady round $6.38 per piece with a variation of 0.18% within the final 24 hours. Market capitalization of roughly $7.5 billion and volumes within the final 24 hours of $172 million.
Plainly the DOT is following, very like the remainder of the crypto market, the actions of Bitcoin, which this morning marked a slight enhance in worth regardless of the weekend’s decline.
In the meanwhile, DOT worth stays above the 50 and 223 interval transferring averages each day.
A breakout of $6.5 with robust buying and selling quantity might set off a brief rally this could deliver DOT into the $8 per unit zone.
Conversely, a drop under present values might see the cryptocurrency designed by former Ethereum developer Gavin Wooden drop to a worth of $5.
The JUP token suffers greater than DOT: within the final 24 hours, there was a damaging change round 18% and a worth per token of $0.0043.
Market cap of $4.2 million and previous 24-hour volumes of $2.3 million.
As talked about above, the drop is more than likely as a result of announcement of the discontinuation of improvement of social media firm Métis. Traders felt some unease with the workforce’s choice.
After 4 years of improvement on essentially the most fascinating product of the venture, the anticipated outcomes weren’t there they usually due to this fact most popular to embark on the metaverse sector, which is totally totally different from the world of decentralized purposes (dApps ).
Usually the market rewards boldness and punishes uncertainty.
Lastly, concerning the value motion of the RENQ token, there has not been any kind of motion exactly as a result of the truth that the token has not but been listed on cryptocurrency exchanges.
The 4th presale spherical is underway to purchase the RENQ token prematurely on the fastened worth of 0.0035 USDT. The subsequent spherical will see a median worth of 0.004 USDT per token.
Information on tokenomics speaks of a complete provide of 1 billion tokens.
Based mostly on the present promoting worth, the totally diluted market capitalization could be roughly US$3.5 million.
Consideration merchants: there aren’t any decentralized marketplaces for the RENQ token but. As soon as launched, it’ll initially solely be obtainable on the Ethereum blockchain.
Additionally take into accout the official contract handle of Renq Finance (RENQ): 0xff8C479134A18918059493243943150776cF8CF2
Do not get scammed, do your analysis and at all times verify the accuracy of the contract first.
