Solana (SOL) fails to gather momentum, Polygon (MATIC) and RenQ Finance (RENQ) to lead the market ahead in 2023

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Solana (SOL), despite the current market dip, is still having trouble gaining momentum. Investors are losing faith in Solana as a result of the market's bearish mood having an impact on the cryptocurrency.

Many investors are looking at Polygon (MATIC) and RenQ Finance (RENQ), a new DeFi phenomenon that provides a more stable environment and better chances, as potential options. Recent increases in demand for RENQ tokens, driven by investors wanting to profit from RenQ Finance's ground-breaking approach to DeFi, are a clear indication of this shift in market attitude.

As a result, many industry professionals and members of the crypto community have great hopes for RenQ Finance (RENQ) and Polygon (MATIC), with the RENQ token becoming a hot subject of conversation. Several investors have sold their SOL shares and invested in Polygon (MATIC) and RenQ Finance (RENQ), demonstrating their faith in these cryptocurrencies.

Solana is a blockchain network that supports smart contracts; it is distinguished by fair fees, quick transactions, and a robust ecosystem for creating decentralized applications and new financial technologies (NFTs).

It was created to rival Ethereum. The Solana platform's native coin is called Sol. Nevertheless, SOL has seen a downturn since hitting a peak price of $259 in 2021, falling by 94%, in contrast to RenQ's RENQ token.

However, following a recent cryptocurrency downtown, Solana's value has fallen further and is presently trading at $22, down 13.09% in just one day. Due to the potential for more losses, investors have lost faith in cryptocurrencies as a result.

They are thus quickly looking to RenQ