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Cryptocurrncy nlyst Crypto Ptl hs sprkd optimism for Rndr (RNDR) Tokn with bold prdiction. Ptl nticipts drmtic surg for RNDR, projcting trgt pric of $50, which rprsnts potntil 991% incrs from its currnt pric of pproximtly $4.58. This optimistic forcst mrgs dspit substntil 75% dclin from its prvious pk, indicting […]
Render (RNDR) is setting the stage for a significant upward climb, drawing considerable attention from analysts and investors alike. Despite this, RNDR recently experienced a substantial price drop, primarily triggered by Bitcoin’s sharp decline and bearish market sentiments. Over the past month, RNDR has seen a 28% decrease in value. However, the downward trend has […]
Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoins Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions. The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the tokens price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights. Crypto analyst Coinboss considers that the token could do a flipperino if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDRs all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, Thanks for the fud. See you above $10. Some users also consider that investors will regret not getting the greatest buying opportunity. Related Reading: Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com
OKX announces support for RNDR token migration to RENDER, following Render Network's official plan, with a detailed schedule. (Read More)
In recent crypto developments, Render (RNDR) prices have climbed, though they may face future declines due to potential selling activity. Bitcoin Cash has also experienced its ups and downs, mirroring the wider markets mood swings. In this turbulent environment, BlockDAG has surged, propelled by its high-profile collaboration with UFC Champion
According to the Render price prediction, by the end of 2030, the RNDR token price is expected to reach a maximum level of $103 (+1,450%).
The post Render Price Prediction: Is RNDR Token a Good Investment? first appeared on StealthEX.Render (RNDR), Aave (AAVE), and Maker (MKR) have recently seen significant increases in address activity, suggesting potential bullish trends for these altcoins. Historically, rising levels of wallet interactions on blockchain networks are often early indicators of future price gains. Six hours ago, the Render Network projects multi-signature address transferred 1.6 […]
Popular crypto analyst Jonathan Carter presented an optimistic outlook regarding the price trajectory of Render (RNDR). Whereas it is currently stuck in a declining trend, Carter has stated that RNDR may be demonstrating signs of a breakout. Render Token is forming a falling wedge pattern, one of the most essential technical formations that precede reversals […]
Render (RNDR), the governance token of the distributed GPU rendering system, has seen a big rise in whale activity, which means that big investors are paying more attention. Santiment says that on July 14, the number of deals worth $1 million or more went through the roof. This made people aware that the price of [...]
The post Render (RNDR) Attracts Big Investors: $1 Million+ Whale Moves On The Rise appeared first on Crypto Breaking News.
One hour ago, wallet 0x3dfe (icrypto.ai/wallet/0x3dfed) withdrew 2.5 million $RNDR, valued at $14.96 million, from OKX and transferred the entire amount through Wormhole to swap to the Solana chain just 10 minutes ago. This significant movement occurs in the context of $RNDR undergoing a migration to $RENDER. The token migration […]
OKX will delist RNDR margin trading pairs and perpetual futures to improve market liquidity and user experience, effective July 2024. (Read More)
Render (RNDR) has seen much interest from investors and market watchers recently, just as it appears to be on the edge of a significant breakout. In the last week, RNDR has gained close to 4%, which hints at the strength of its bullish momentum and coincides with the overall positive sentiment across the market after […]
Render (RNDR) is demonstrating resilience as it holds firmly above its crucial support levels, paving the way for a potential significant upward surge. Market analysts are increasingly optimistic about RNDR’s future price trajectory, viewing it as poised for a breakout. In the past week, Render (RNDR) has shown a notable uptick, gaining nearly 5% in […]
Render (RNDR) is experiencing a volatile phase characterized by contrasting short-term optimism and long-term technical challenges. Despite a 32% price decline in one month, optimism is brewing among retail investors, with notable increases in RNDR holdings. This dynamic reflects short-term confidence and long-term technical concerns surrounding the tokens performance. Retail investors have shown increased interest […]
Crypto analyst Crypto Patel has provided a comprehensive analysis shedding light on the evolving dynamics of Render (RNDR) in the crypto market. Patel’s assessment reveals significant insights that could influence trading strategies and investment decisions for RNDR enthusiasts. Patel begins by noting a prevailing bearish sentiment surrounding RNDR’s current price trajectory. Despite this downturn, he […]
Despite recent downturns, Render (RNDR) is demonstrating resilience, maintaining its support levels and showing signs of a potential upward trend. Over the past week, RNDR has experienced a decline of nearly 12%, and over the last 30 days, the token has dropped by a significant 26%, reflecting the overall bearish sentiment in the cryptocurrency market. […]
Recently, Render (RNDR) has encountered substantial downward pressure, aligning with the broader bearish sentiment affecting the cryptocurrency market. A notable sell-off in Bitcoin has initiated a ripple effect, negatively impacting various altcoins, including RNDR. Over the past week, RNDR’s price has tumbled by nearly 18%, a stark reflection of the prevailing negative market sentiment. However, […]
During this bull cycle, the crypto market has been surfing off Bitcoins crest and enjoying the bullish momentum. However, investors hope for a seismic explosion to impulse Altcoins to new highs. Related Reading As the crypto industry awaits, online reports revealed that, since FTXs fall, only eight altcoins have hit a new all-time high (ATH) [...]
The post Only 8 Altcoins Have Broken ATH Against Bitcoin Since FTXs Collapse Analyst Weighs In appeared first on Crypto Breaking News.
Render is on the move. Price statistics show that the coin is on an uptrend, rising by 50% in the last week due to surging trading volume. The uptick is primarily due to increased whale interest, which appears to be accumulating, moving RNDR from exchanges. At the same time, bulls are finding tailwinds following Apples [...]
The post Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In appeared first on Crypto Breaking News.
Excluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably during the first quarter of 2024. The crypto market recovered over the weekend from the May 1st retrace, with AI tokens showing significant gains. As a result, many industry experts think that the sector is poised for a Round 2 this cycle. Related Reading: Analysts Foresee Altcoins Explosive Rally Incoming, Is The Correction Phase Over? AI Sector Recovers By 8% Crypto analysts highlighted AI tokens alongside memecoins as the hottest topic of 2024, responsible for most of the massive gains during this cycle. According to CoinGeckos report, AI was one of the three sectors that delivered three-digit returns in Q1. Moreover, the largest AI token by market capitalization, Fetch.ai (FET), saw gains of 378.3% during this period. As a result, some analysts deem the AI sector to be the next main narrative of the cycle. Trader John Walsh, known as CryptoGodJohn, considers The future of AI coins preparing round 2. Walsh added that the AI season is extremely obvious and will go so much higher based on the developments in the sectors, including Nvidia earnings, Apple AI, and Microsofts $100 billion AI fund. To this, crypto analyst MacroCRG replied that a massive AI growth will be obvious in hindsight, considering that the sectors market capitalization is just $27.3 billion. AI mcap still just $27B It will be obvious in hindsight https://t.co/HH0Tb86fNY pic.twitter.com/71qgdwdM1C — CRG (@MacroCRG) May 6, 2024 According to a MacroCRG post, the AI market cap had increased 8% by Monday morning, and its daily trading volume was around $1.9 billion. On Tuesday, the market cap surged to $27.8 billion, a 2.3% increase from 24 hours ago. In comparison, memecoins $54.4 billion market cap doubles AIs. However, its market cap decreased by 2.8% in the last day, with the top ten memecoins showing red numbers in the past 24 hours. Is Artificial Intelligence About To Bloom Or Ruin the World? Despite the remarkable performance, some figures think the sector has a more pessimistic future. According to memecoin trader Murad, the developments in the industry will be replacing more & more jobs every year. As a result, there will be an increase in Anxieties and desperate attempts to make it. To the trader, the industry will serve as a push for the memecoins sector, as Growing AI capabilities will be one of the big forces accelerating the Memecoin Bubble. Financial giant Warren Buffett shared a more skeptical view on Saturday. The Co-founder and CEO of Berkshire Hathaway revealed he is not sold yet by artificial intelligence. To the CEO: We let a genie out of the bottle when we developed nuclear weapons. AI is somewhat similar its part way out of the bottle. Despite this, Buffet recognized the potential for AI technology to change the world positively. On The Brink Of A Millionaire Boom The AI industry is on the brink of a multi-trillion-dollar boom, stated Alex Wacy. The analyst believes the reasons behind this are the vast and diverse potential of applications. Moreover, the expert highlights that interest in the sector has steadily increased over the last year. A crypto and AI combination could potentially create a market valued in the trillions. According to the post, the market is projected to reach nearly $2 trillion by 2030, which suggests that the crypto industry should not overlook it. Tokens like RNDR showed a remarkable performance over the past week, with the price soaring by 45%. RNDR regained the $10 support zone this week after struggling to retest it over the last month. In the past 24 hours, the tokens price surged 6.4%, and its daily trading volume increased by 16.8%, with over $455 million being traded. FET is a top performing AI coin headed into the Nvidia earnings, as stated by John Walsh. The trader forecast that the token is looking for a next leg higher up after successfully retesting the $2.35 resistance level. $FET break retest now looking for next leg up higher FET will be a top performing AI coin headed into the nvidia earnings pic.twitter.com/Agl0eqB9mD — Johnny (@CryptoGodJohn) May 6, 2024 FET broke above this level over the weekend, rising to $2.5 on Monday and remaining above the $2.40 support zone since. At writing time, the token is trading at $2.42, representing a 2.4% increase in the last 24 hours and a $22.9% surge in the past week. Related Reading: Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential FET's performance in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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