Chainlink (LINK) and Avalanche (AVAX) struggle in the Dump, Certik Audited RenQ Finance (RENQ) gets stronger in its Presale.

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The recent crypto market dump has been tough for many tokens, including Chainlink (LINK) and Avalanche (AVAX). 

However, amidst the struggle, RenQ Finance (RENQ) has proven to be a strong player, receiving a Certik audit and raising $2 million in its presale. With its innovative AI technology and community-driven development, RenQ Finance is becoming a more attractive investment option for those seeking to weather the current market conditions and it is also positioning itself as a leader in the DeFi space.

This article will delve deeper into the struggles of Chainlink and Avalanche in the market dump and highlight the strengths of RenQ Finance.

Chainlink (LINK) has had a challenging year in 2022, with the token experiencing a significant decline of over 60%. This can be attributed to a range of factors, including monetary tightening, rising interest rates, inflation, and stricter regulatory policies. 

As of writing, LINK is struggling to maintain its value during the ongoing cryptocurrency market downturn, currently trading at around $6.02 after peaking at over $50 in May 2021.

One of the reasons for LINK's struggle could be the increasing competition in the decentralized oracle space, a market that Chainlink dominates. This competition may be impacting the demand for LINK, leading to a decline in its value.

However, it is worth noting that LINK has shown resilience in the face of market volatility and has weathered market downturns in the past. Therefore, despite its current struggles, it may still have the potential for recovery in the future.

Avalanche (AVAX) is another coin that has struggled to maintain its