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Dogecoin (DOGE) And Chainlink (LINK) Battling For Survival As RenQ Finance (RENQ) Hype Increases

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In the fast-paced world of cryptocurrency, Dogecoin (DOGE) and Chainlink (LINK) are struggling to keep pace with the rising hype surrounding RenQ Finance (RENQ). Investors are increasingly turning to RenQ Finance, drawn to its innovative approach and potential for significant returns. In contrast, the once-popular Dogecoin and Chainlink are facing challenges in maintaining their relevance in the rapidly evolving digital currency landscape.

As the market continues to shift, it’s becoming clear that RenQ Finance is emerging as a promising contender in the world of cryptocurrency, while Dogecoin and Chainlink are battling to remain competitive. The coming months will be crucial for all three digital currencies as the industry continues to evolve and investors seek the next big opportunity.

Dogecoin (DOGE)

Doge is a cryptocurrency that was created as a parody of other cryptocurrencies, based on a viral internet meme of a Shiba Inu dog. Its code is essentially a copy of the Litecoin code, and it can be used to transfer value over the internet. Although it was not designed to have any real-world utility, it gained a passionate following, and its community found new use cases for it, such as tipping on social media platforms like Reddit and supporting charitable causes.

One of the drawbacks of Dogecoin is that it has an unlimited supply, which is unlike Bitcoin and many other cryptocurrencies. This means that its value is not supported by scarcity and relies on constant buying by new buyers to maintain its value.

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Chainlink (LINK)

Chainlink, established in 2017, serves as a blockchain abstraction layer that facilitates universally connected smart contracts. By utilizing a decentralized oracle network, Chainlink enables blockchains to interact securely with external data feeds, events, and payment methods.

This critical off-chain information is necessary for complex smart contracts to emerge as the leading form of digital agreement.

Key Factors Behind the Struggles of Dogecoin and Chainlink

Dogecoin and Chainlink are two cryptocurrencies that have been struggling in the market recently. There are several key factors behind their struggles:

  1. Lack of real-world utility: Both Dogecoin and Chainlink were created without a specific real-world use case in mind. While they can be used for transactions and data transfers, they do not have a specific function that differentiates them from other cryptocurrencies.
  2. Unlimited supply: Dogecoin has an unlimited supply, which means that its value is not supported by scarcity. Chainlink, on the other hand, has a fixed supply, but the market has been flooded with competing oracle services, leading to a decrease in demand.
  3. Market volatility: Both cryptocurrencies have been affected by the recent market volatility in the cryptocurrency space, which has led to a decrease in their value.
  4. Lack of adoption: While both Dogecoin and Chainlink have a dedicated fanbase, they have yet to see widespread adoption by mainstream institutions and businesses.
  5. Competition: Both cryptocurrencies face competition from other projects that offer similar or better solutions. For example, Chainlink competes with other oracle services, while Dogecoin faces competition from other digital currencies that have more advanced technology and use cases.

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RenQ Finance: An Emerging Contender in the Digital Currency Landscape

RenQ Finance is a decentralized finance (DeFi) platform that aims to provide a comprehensive solution for traders of all kinds in the digital currency landscape. The platform is designed to be user-friendly, with a simple interface that makes it easy for even novices to use. RenQ Finance is built on the Ethereum (ETH) network, which is known for its fast and affordable transactions. This makes it an attractive option for investors who are looking for a more efficient and cost-effective way to participate in DeFi.

RenQ Finance’s mission is to connect all isolated blockchains and establish a cross-chain asset exchange network, providing all necessary underlying support for the DeFi ecosystem. The platform aims to offer a truly safe, free, and transparent DeFi service to every digital asset holder, providing access to high-yield farming opportunities for significant returns on investments.

RenQ Finance is also community-driven, governed by its community through forum discussions and voting on proposals by RENQ holders. The platform provides a range of DeFi services, including financial products such as derivatives and margin trades that enable investors to achieve superior portfolio risk management and open up new speculation avenues. RenQ Finance also eliminates the need for a regulated central clearing house, providing global and equal access, and granting users permanent control over their funds.

Overall, RenQ Finance is an emerging contender in the digital currency landscape, offering a comprehensive solution that is accessible to all types of traders, from novices to seasoned professionals.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Visit the links below for more information about RenQ Finance (RENQ):

Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf

Conflux (CFX), Neo (NEO), and TMS Network (TMSN) are Building a New Digital Economy

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Traditionally, large-scale technological advancements were created, controlled, and nurtured by private and government organizations. For this reason, the fates of those technologies were determined by a handful of people running those organizations. While that story still holds true for most tech innovations today, things are changing fast. Cryptocurrencies and decentralized finance have wrested control of disruptive tech from the hands of big tech and dropped it firmly in the hands of the masses. A new generation of blockchain and cryptocurrency projects are rapidly creating a new digital economy – one that’s not controlled by vested interests with deep pockets and malicious intent. Here’s how Conflux (CFX), Neo (NEO), and TMS Network (TMSN) are making that digital economy a reality.

Conflux (CFX)

Conflux (CFX) is the first crypto to break ground

Since China’s blanket ban on everything crypto, Conflux is the only cryptocurrency permitted by the Communist Party to operate in the country. Conflux is a layer-1 blockchain designed to address the blockchain trilemma of decentralization, security, and scalability. Conflux uses a hybrid consensus model that combines proof-of-work and proof-of-stake consensus mechanisms to deliver the highest security. Conflux is currently capable of processing up to 6,000 transactions per second, which is impressive for a blockchain of its kind.

Conflux offers interoperability with other tokens. Conflux’s smart contracts allow developers to develop dApps on the platform. More importantly, dApps on Conflux would have a much lower likelihood of facing regulatory action in China. Recently, Conflux entered into a deal with China Telecom to introduce the crypto to the telecom customers’ SIM cards, streamlining their transition to the metaverse. This is a big win for the crypto industry.

Neo (NEO)

Neo (NEO) is the first-ever public blockchain to come out of China. Although Neo does not enjoy the same level of patronization from the Chinese government as Conflux, it is not banned by the country either. So, Neo is considered to be a strong contender for the position of top crypto in China. Neo intends to build the foundation for a new decentralized internet. Neo hopes to realize its goals by introducing decentralization to digitized payments, identities, and assets.

TMS Network (TMSN)

TMS Network (TMSN) is the only crypto from our list today to be launched outside of China. TMS Network is a new kind of decentralized crypto exchange. TMS Network (TMSN) combines equity and crypto exchanges to allow users to trade equities, forex, cryptos, and CFDs. Since TMS Network offers equity trading, it will have all the regulatory compliances and permits to operate in its jurisdictions. So, TMS Network will be less likely to be persecuted by regulators like the U.S. SEC. But the most vital characteristic of TMS Network (TMSN) is that it pulls trade data from multiple DEXs to give users the best trades, no matter which token they are buying or selling.

TMS Network (TMSN) offers advanced trading resources akin to MetaTrader 5 software to help its users make savvy investment and trading decisions. Algorithmic trading bots, arbitrage trading signals, tools for developing dApps, portfolio management apps, and other features are available on TMS Network (TMSN). TMS Network (TMSN) is what crypto traders have been waiting for over a decade since the launch of bitcoin.For more information on TMS Network (TMSN) please see the links below:

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

ApeCoin (APE) Price Increases, Collateral Network (COLT) Called Best Altcoin For 2023

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collateral

The two crypto tokens, Collateral Network (COLT) and ApeCoin (APE) are ideal for investors wishing to add strong performers to their portfolios in the current market environment. Both possess massive growth potential, making them perfect for long-term cryptocurrency investment. Multiple analysts expect Collateral Network (COLT) to rise by 35x in the next six months. 

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Collateral Network (COLT) named the best altcoin to invest in for 2023

With the ever-changing landscape of cryptocurrency, it can be difficult to know which altcoin will be the best of the year. But one altcoin that stands out is Collateral Network (COLT). This blockchain-based platform is the first crowdlending platform that uses NFTs to provide safe, quick, and private lending and borrowing. Collateral Network (COLT) is designed to make it easier for businesses and individuals to access and use their digital assets without the need for a third-party intermediary.

Collateral Network (COLT) introduces a new method of borrowing money that is rapid, covert, and offers affordable rates. Within 24 hours, borrowers can collect cash from their assets without damaging their credit. The contact information is kept on a public blockchain that cannot be updated or amended in the metadata of a Non-Fungible Token (NFT). Weekly fixed payments to lenders are backed one-to-one by a genuine physical asset in the actual world.

Multiple experts have predicted Collateral Network’s native token, COLT to skyrocket by more than 3500%. Collateral Network (COLT) token holders can take advantage of a variety of discounts from Collateral Network while spending their tokens. While crowdlenders gain reductions on trading fees in the marketplace, borrowers receive savings on borrowing fees and interest. Users can also stake their COLT tokens to generate a passive income. Finally, token owners will be able to vote on significant project changes.

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ApeCoin (APE) is up as more and more whales are buying

In the world of online payments, ApeCoin (APE) is a cryptocurrency that is growing in popularity. ApeCoin (APE) is a peer-to-peer, decentralized network created to make low-cost digital transactions possible. Initially, it was developed for the “Otherside” metaverse. Yuga Labs, the organization behind Mutant Ape Yacht Club and Bored Ape Yacht Club, developed the metaverse.

Investors were first drawn to ApeCoin (APE) when it launched in March 2022 because of the excitement around NFTs and Web3. In the initial hours following the release, the token’s value soared by 2,800%. At the time of writing, Apecoin (APE) is trading at around USD 3.6, with a market capitalization of approximately USD 1.3 billion. The cryptocurrency is currently ranked #31 on CoinMarketCap.

Proof of Stake is the consensus protocol that drives the ApeCoin (APE) network. This protocol requires users to lock up a portion of their ApeCoin holdings to validate network transactions. As a result, increasing amounts of people are using ApeCoin (APE) as a payment method because of its quick transaction speeds and minimal transaction costs.

 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Labour Party Slams INEC for Conducting Sham Election, Vows to Challenge Results

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The Labour Party has rejected the results being announced by the Independent National Electoral Commission (INEC) for the 2023 presidential, House of Representatives and Senatorial elections.

A statement issued on Sunday by the party chairman, Julius Abure, said the electoral exercise has been marred by irregularities, voter intimidation, violence and result manipulations.

Abure, who had on Saturday raised alarm that INEC’s delayed transmission of results into INEC Result Viewing Portal (IReV) portal in real time will create room for manipulation of results, said that Labour Party has concrete evidence that results have been doctored in Lagos State, Rivers State, Imo State, parts of Edo State, Delta State, and some Northern states.

He said that INEC’s failure to follow established processes has allowed both state and non-state actors to influence the outcome of the elections, causing millions of Nigerians, particularly the teeming youth, disappointment and disillusion.

On Saturday, reports that electoral officials were refusing to upload the presidential results to INEC’s IReV from different polling units across the country, in clear violation of the Electoral Act, littered social media as voting was ongoing.

Abure also noted that INEC officials had blamed their actions on the Bimodal Voter Accreditation System, BVAS, which they claimed was faulty, and also said that they have firm instructions from INEC headquarters not to upload the results.

INEC had in a statement on Sunday, assured Nigerians that the BVAS was not compromised and that their votes are safe.

“The Commission regrets this setback, especially because of the importance of IReV in our results management process. Consequently, the Commission wishes to assure Nigerians that the challenges are not due to any intrusion or sabotage of our systems, and that the IReV remains well-secured. Our technical team is working assiduously to solve all the outstanding problems, and users of the IReV would have noticed improvements since last night,” it said.

However, original copies of results being shared online by both Labour Party agents and supporters show differences in result figures INEC has on its portal, which shows Labour polling lower votes than it did in polling units. Abure said that and other evidence confirms that the result of the election is being doctored across the country.

He said that it took 24 hours for the presidential results, which were supposed to be uploaded in real time, to be sent to the INEC portal, creating enough time for the results to be manipulated.

The chairman said the decision of INEC to announce these doctored results based on manufactured voting, which were carried out under the watchful eyes and connivance of police officers at the various polling units and INEC offices, has defeated the efforts made by Nigerians to see that the Electoral Act was amended to allow for electronic transmission of results.

Read his full statement below:

As we are all aware, Nigeria held its general elections yesterday, an exercise that is ongoing as I speak. Yesterday, February 25, 2023, the Independent National Electoral Commission carried out elections nationwide for Presidential and National Assembly position.

The exercise has left millions of Nigerians disappointed and disillusioned because of the unprofessional conduct of state and non-state actors who participated in the process.

This press conference is to address the serious matters arising from the 2023 election, an extremely important election for Nigeria’s peace and development.

THE FAILURE OF INEC TO ABIDE BY THE PUBLISHED AND AGREED PROCESS

INEC by its conduct, has caused millions of Nigerians, particularly the teeming youth, who took part in this election with high hopes of a free and fair transparent process to hold strong feelings of disappointment and disillusionment.

The Electoral Act was amended in 2022 for the electronic transmission of results after they are declared at the polling units.

Nigerians participated in this process with the belief that the use of technology and adherence to the agreed electronic transmission of results to INEC servers at polling units would ensure free, fair, and transparent election.

Traditionally, Nigerians know that previous elections witnessed manipulations of results by desperate politicians at collation centres and polling units.

But, yesterday, Saturday, February 25, 2023, the very process which INEC assured Nigerians would be followed was truncated for whatever reasons. No matter what those reasons are, they are totally unacceptable to Nigerians and members of our party.

INEC servers shut down, and ONLY PRESIDENTIAL elections could not be uploaded onto the INEC server. The Bimodal Voter Accreditation System did not work as planned.

This failure has undoubtedly given room for manipulating the presidential results being announced by the INEC Chairman, Professor Mahmood Yakubu at the Collation Centre in Abuja.

We have sufficient documentary evidence that confirms that manipulations of the presidential election results have occurred in Lagos State, Rivers State, Imo State, parts of Edo State, Delta State, and some Northern states.

These manipulations were carried out under the watchful eyes and connivance of police officers at the various polling units and INEC offices.

The decision of INEC to go ahead to announce these doctored results based on manufactured voting has defeated the efforts made by Nigerians to see that the Electoral Act was amended to allow for electronic transmission of results.

It is disheartening that 24 hours after the elections held across the country that INEC is still yet to upload the authentic results of the Presidential poll on its server. The excuse that the server is down is not tenable.

Because we had meetings with INEC before the election, and they assured all political parties, and indeed Nigerians, that they had a DATA RECOVERY SERVER and in the event of a technical hitch, the emergency server would be used until the main server was brought back online.

We find it difficult to accept the flimsy excuse that the INEC servers were down.

INEC OFFICIALS REFUSING TO UPLOAD PRESIDENTIAL ELECTION RESULTS IN LAGOS AND DELTA STATES

We note the impunity which occurred in the entire Lagos State during the conduct of yesterday’s election.

There were widespread incidences of violence, ethnic profiling, and threats meted out on Nigerians, particularly those who supported the Labour Party and our Presidential Candidate, His Excellency Mr Peter Obi

LP agents report that in places like Agege, Kosofe, Oshodi-Isolo, Surulere, Ibeju Lekki, and others where results show that Labour won convincingly, INEC officials claimed that the BVAS suddenly developed faults when uploading results of the presidential election.

The same INEC officials uploaded the results of the National Assembly elections to the server without hitches.

INEC officials used the police to drive our agents and supporters out of the collation centre. And they said that they have firm instructions from INEC headquarters not to upload.

There were widespread incidences of violence, ethnic profiling, and threats meted out on Nigerians, particularly those who supported the Labour Party and our Presidential Candidate, His Excellency Mr Peter Obi.

LP agents report that in places like Agege, Kosofe, Oshodi-Isolo, Surulere, Ibeju Lekki, and others where results show that Labour won convincingly, INEC officials claimed that the BVAS suddenly developed faults when uploading results of the presidential election.

The same INEC officials uploaded the results of the National Assembly elections to the server without hitches.

INEC officials used the police to drive our agents and supporters out of the collation centre. And they said that they have firm instructions from INEC headquarters not to upload.

In Kosofe, they put the collation centre in a Local Government Area Headquarters. The place is surrounded by APC members, and people fear for their lives. INEC officials were not uploading the results. They said they had been instructed to insist that BVAS are faulty.

Xiaomi Launches Flagship Smartphone, Aims to Battle Apple And Samsung

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Chinese tech company Xiaomi has recently launched its flagship smartphone globally as it seeks to battle giant smartphone brands Apple and Samsung.

The company recently rolled out its latest Xiaomi 13 and 13 pro, which will be available on March, starting from the 14th. The Pro model which comes with 12GB RAM and 256GB of storage is pegged at a price of £1,099, while the lower-end Xiaomi 13 (8GB+256GB) is priced at £849. Meanwhile, the Xiaomi 13 Lite (8GB+128GB) is priced at £449 and is currently available.

The new flagships from the Chinese manufacturer, features the latest Snapdragon chip, with up to 12GB RAM and 512GB internal memory, alongside a reworked camera system in collaboration with Leica.

The Xiaomi 13 Pro device sports a 6.73-inch display and the latest Snapdragon 8 Gen 2 chipset from U.S. firm Qualcomm. It has a triple-lens camera and other premium features like ultra-fast charging. Also, the Xiaomi 13 comes with a 6.36-inch OLED display while the Xiaomi 13 Pro flaunts a 6.73-inch curved 2K OLED display.

Xiaomi is currently facing multiple headwinds due to a difficult macroeconomic environment with a slowing economy in China due to strong competition it is facing with giant smartphone brand apple.

According to tech analyst Neil Mawston, he disclosed that Xiaomi is faced with strong competition from Apple iPhone, due to fickle Chinese consumers who often switch between Android hardware brands in a flash.

The Chinese smartphone giant reported a decline of 9.7% YoY in its Q3 2022 revenue at RMB 70.5 billion (or $9.8 billion). The revenue decline was attributed to a slowdown in the company’s three major segments – smartphones, AIoT and internet services. The smartphone segment suffered the biggest decline among the three, with revenue down 11.1% YoY.

Coupled with fierce competition from local players Oppo, Vivo and Honor, as well as Apple’s latest series, Xiaomi’s market position dropped one rank to reach fifth during the quarter.

Last year, the company’s chief founder and chief executive Lei Jun disclosed the intention to challenge Apple, noting that the company will specifically focus on the high-end segment of the global smartphone market.

He said, “We aim to fully benchmark against Apple in terms of product and experience, and become China’s biggest high-end brand in the next three years”. He went on to describe competition with Apple in the high-end smartphone segment as “a war of life and death” that Xiaomi must overcome.

The Chinese phone maker seeks to attract more customers by distinguishing itself from other major Chinese Android smartphone brands that are also targeting Apple’s lucrative high-end segment by focusing on user experience.

Founded in 2010, Xiaomi has turned into one of the biggest smartphone makers over the years via a strategy of bringing out high-spec devices at very competitive price points.