The world has been grappling with the COVID-19 pandemic for over a 12 months, and whereas vaccines have been rolled out in lots of nations, there are nonetheless issues about new variants, vaccine hesitancy, and the potential for brand new waves of infections. 

Some consultants have warned that one other lockdown may very well be crucial if the scenario worsens. If that occurs, some cryptocurrencies might see a surge in demand and worth as individuals flip to digital property as a retailer of worth and technique of change in a disrupted financial system.

On this article, we’ll discover why Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA) may very well be good investments within the occasion of one other lockdown.

Dogecoin (DOGE)

Dogecoin is a well-liked meme coin that was created in 2013 and continues to be thought-about the most important meme coin by market cap. Elon Musk’s tweet in 2021 led to a sudden surge in DOGE’s worth, which hit a brand new excessive of $0.73. With Musk persevering with to help DOGE, the coin continues to be thriving.

Initially created as a joke, DOGE was meant to be a enjoyable tackle the world of crypto, but it surely grew to become a big a part of it. Nevertheless, its giant token provide and lack of utility have traditionally affected its worth. Nonetheless, DOGE has change into widespread for sending worldwide transfers.

Regardless of its drawbacks, DOGE stays one of many prime altcoins by way of market cap, with a worth of $9.9 million. Within the occasion of a brand new lockdown, DOGE’s recognition and accessibility might make it a pretty choice for individuals seeking to put money into digital property for leisure and potential revenue.

RenQ Finance (RENQ)

RenQ Finance is a decentralized finance (DeFi) platform that provides liquidity options for the crypto market. The platform’s foremost focus is to supply a safe and dependable approach for customers to change and commerce digital property. 

RenQ Finance makes use of superior AI know-how to supply customers with the absolute best worth for his or her property and presents quite a lot of options akin to staking, lending, and borrowing. RenQ Finance’s potential for development within the occasion of one other lockdown is predicated on its modern use of AI know-how and its dedication to safety and reliability. 

The platform’s concentrate on liquidity options for the crypto market additionally makes it well-positioned to profit from the rising adoption of cryptocurrencies.

RenQ Finance’s RENQ token has already demonstrated its development potential, elevating over $4 million in its ongoing presale. Within the occasion of a lockdown, the place buyers are searching for various funding choices, RenQ Finance’s sturdy group and potential for development within the DeFi area might make it a pretty choice, resulting in potential worth surges.

Moreover, RenQ Finance presents a hybrid change that mixes each centralized and decentralized change functionalities. The hybrid change goals to supply customers with the very best of each worlds, permitting for quick and environment friendly buying and selling whereas sustaining the safety and transparency of decentralized exchanges.

Cardano (ADA)

Cardano is a blockchain platform that goals to supply a extra sustainable, scalable, and decentralized various to present cryptocurrencies. Its growth is led by IOHK, a blockchain analysis and growth firm based by Charles Hoskinson, one of many co-founders of Ethereum. 

Cardano has been gaining momentum lately resulting from its scientific method to blockchain, peer-reviewed analysis, and partnerships with governments and enterprises. If one other lockdown have been to occur, Cardano’s repute for innovation, sustainability, and governance might make it a haven for buyers searching for a extra steady and dependable cryptocurrency.

Conclusion

Whereas nobody can predict the longer term with certainty, it’s at all times a good suggestion to have a diversified portfolio that features each conventional and digital property. If one other lockdown have been to happen, Dogecoin, RenQ Finance, and Cardano may very well be good choices to think about, relying in your threat tolerance, funding targets, and private preferences. 

As at all times, do your analysis, seek the advice of with consultants, and keep knowledgeable concerning the newest developments within the crypto market and the worldwide financial system.

Click on Right here to Purchase RenQ Finance (RENQ) Tokens.

Go to the hyperlinks under for extra details about RenQ Finance (RENQ):

Web site: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf