What Went Wrong With RenQ?
RenQ Finance (RenQ) price has disappointed its presale investors. Many analysts are calling it a failed launch as the price has already fallen 50% below its presale price. The latest analysis shows that there is very little hope for the bulls as the presale investors keep selling their coins.
The very first stage of the presale started with RenQ Finance price of $0.02. This increased to $0.055 at the eighth stage as investor interest hit its peak. Due to the prevailing hype, investors expected exponential gains after its launch. However, things played out differently.
RenQ Finance Publishes Certik Audit Result
According to the most recent RenQ Finance news, the project has finally shared its Certik audit report on Twitter. Certik is a blockchain audit firm that ranks DeFi protocols and cryptocurrencies based on their security. It has given a score of 84.9 to RenQ Finance.
This puts RenQ Finance in the top 10% crypto projects in terms of their Certik audits score. In other news, RenQ Finance is now listed on BitMart and Bilaxy crypto exchanges, where users can trade it. RenQ Finance price has been in a downtrend since its listing.
RenQ Finance Price Falls Below Presale Value
The following RenQ chart on Uniswap V3 shows that the coin has disappointed the presale investors. The presale stage 8 was the final stage, during which the coins were at $0.055. Currently, RenQ price is trading 50% below that price.
RenQ Finance price prediction can flip bullish if it gains strength above the 0.045 level. For the moment, the price has found some support at $0.0228 level. A breach of this support will open the doors for a retest of the $0.0127 level.
I’ll keep posting my updated RenQ price prediction on my free Telegram channel, which you are welcome to join.
