Renq Finance (RENQ) FAQ

Question 1

What determines the price movement of Renq Finance (RENQ)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Renq Finance.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Renq Finance, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Renq Finance. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Renq Finance on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Renq Finance. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Renq Finance and the broader cryptocurrency market.

Question 2

What is the highest price of Renq Finance price in history?

Accepted Answer

Renq Finance achieved the all-time high of 0.03243283 in 2023-05-26, and is currently trading at 0.00127261.

Question 3

What is the lowest price of Renq Finance price in history?

Accepted Answer

Renq Finance reached its all-time low of  0.00052642 on 2024-10-29.

Question 4

What is the current market cap of Renq Finance?

Accepted Answer

The current market cap of Renq Finance is  1272610.0, as 1000000000 RENQ is trading at the price of 0.00127261.

Question 5

How many Renq Finance are there in the market?

Accepted Answer

There are currently 1000000000 RENQ circulating in the market. These Renq Finance can be actively traded or used in the open market.

Question 6

What is the maximum supply of Renq Finance?

Accepted Answer

The maximum supply of RENQ is 1000000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Renq Finance?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Renq Finance is 1272610.000000000. The FDV is calculated taking the assumption that all supply of Renq Finance is circulation, multiplied by its current price of  0.00127261.

Question 8

What is the price prediction of Renq Finance ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Renq Finance price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Renq Finance a good investment?

Accepted Answer

Renq Finance offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Renq Finance and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Renq Finance.

Question 10

How to buy Renq Finance?

Accepted Answer

You can buy Renq Finance via Gate by following the steps on <0>how to buy RENQ once you have funded your account.

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