Rename the sql server database

There are couple of options are available to rename the database.
Option 1 :
 Rename the "MyDATABASE" to "MyDATABASE_NEW" using sp_renamedb command

 EXEC sp_renamedb 'MyDATABASE', 'MyDATABASE_NEW' 

Option 2:
 Rename the "MyDATABASE" to "MyDATABASE_NEW" using ALTER DATABASE Commnad

USE [master]
GO

ALTER DATABASE [MyDATABASE] SET SINGLE_USER WITH ROLLBACK IMMEDIATE
GO
ALTER DATABASE [MyDATABASE] MODIFY NAME = MyDATABASE_NEW
GO
ALTER DATABASE [MyDATABASE_NEW] SET MULTI_USER
GO