Retik Finance (RETIK) has taken the cryptocurrency market by storm, becoming the most searched crypto token ahead of seasoned market players like Solana (SOL) and Shiba Inu (SHIB). A high ranking on Google search usually corresponds with high volume inflows, and this is evident in Retik’s recent performance.The DeFi sensation, which was launched two weeks ago through a decentralized token sale, has raised over $1.8 million with no VC funding. The first stage of Retik’s presale saw investors snap up 15 million RETIK within 72 hours to raise $450,000. Let’s take a deeper dive to discover the reasons behind Retik’s rising popularity. But first, Solana (SOL) and Shiba Inu (SHIB).
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Solana: Ecosystem airdrops and meme coins
Solana is a leading layer-1 blockchain platform popular for its scalability. Solana claims to complete over 50,000 transactions per second.Following the collapse of the FTX exchange in November 2022, a tragedy struck Solana. SOL was the second-largest holding of Alameda Exchange, FTX’s sister company, which sparked investor concern that the exchange would sell its stake to recover losses. Following that was a selloff that took Solana from $30 to a cycle low of $8.Solana has been hovering around $20 for most of the year until late October, when the token embarked on a 300%+ climb to hit $70. Key drivers for this rally include ecosystem airdrops and a rapidly growing meme coin sector within the ecosystem. Jupiter (JUP) and Pyth Network (PYTH) recently conducted lucrative airdrops, attracting a swarm of airdrop farmers looking for similar opportunities with other Solana projects.Solana’s meme coin sector has also recently taken off, with Bonk (BONK) leading the pack. Bonk recently secured Coinbase and Binance listings, sparking a 500% rally in a week.
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Shiba Inu: SHIB burns and an ever-growing DeFi ecosystem
Shiba Inu (SHIB) is the second-largest crypto meme coin behind Dogecoin. Shiba Inu, like Dogecoin, features a smirking Shiba Inu dog as its mascot.SHIB debuted in 2020 and exploded by more than 43 million percent during the 2021 bull run to briefly become the largest meme coin and rank among the top 10 cryptocurrencies. Shiba Inu would later plunge more than 85% and is hovering around $0.00001 with a market cap of $6.2 billion.To restore SHIB to its former glory, Ryoshi, the team behind the meme coin, has embarked on a series of token burns. The purpose of the SHIB burns is to create scarcity and increase the value of the remaining tokens. The team has also developed a decentralized finance (DeFi) ecosystem around the token. This includes launching a decentralized exchange, an NFT marketplace, a layer 2 scaling solution, and a metaverse platform. The goal is to create more utility for the SHIB token.
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Retik Finance: Bridging Digital and Traditional Finance
How could any cryptocurrency top Solana and Shiba Inu, you wonder? A unique value proposition and ground floor entry into the next big thing—that’s how.Retik Finance is an Ethereum-based DeFi platform that bridges the traditional and digital finance divides by reimagining how we interact with cryptocurrencies.One feature that has particularly caught the attention of crypto enthusiasts is the Retik DeFi debit cards. Retik Finance has collaborated with global payment companies like Mastercard and Visa to provide debit cards that enable users to spend their crypto assets on daily life expenses with ease. These cards facilitate onsite crypto-to-cash conversions, allowing users to spend their crypto even at locations that do not accept crypto payments. The cards also allow ATM withdrawals worldwide and up to 5% in cashback rewards. With a Retik DeFi debit card, you can easily do grocery shopping or pay for dinner without having to go through a central exchange like Binance for withdrawals.The cards are connected to Retik’s DeFi wallet for seamless conversions. The wallet is also non-custodial and multichain. Users can maximize their profit potential by utilizing liquidity from multiple decentralized exchanges while maintaining complete control over their funds.Retik Finance takes it further with Retik Pay, an innovative payment gateway that helps businesses integrate crypto payments, allowing them to tap into a trillion-dollar industry. Retik Pay goes beyond traditional payment processors by providing a global reach, quick processing times, affordability, and fraud and chargeback protection.Retik Finance is the first of its kind, making it even more attractive to enthusiasts and investors.
What now
As Retik continues to gain popularity, so does its presale. The campaign’s third phase, selling RETIK for $0.05, is filling up rapidly. Post-presale, RETIK will be launched on at least three top-tier exchanges. This puts Retik on track to match, if not outperform, Bonk’s 500% rally. The platform is holding a $333K giveaway to reward its early supporters—and you can participate! Follow the project on its social media and check out its website to learn how.
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Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com/
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
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