CoinDesk 20 Performance Update: RENDER Falls 10.7% as Nearly All Assets Trade Lower
Ripple (XRP) was the lone gainer, rising 1.4% from Friday.
Keep up with what's happening in the crypto world in real-time.
Ripple (XRP) was the lone gainer, rising 1.4% from Friday.
After three torrid days of sharp downward price action, the market is beginning the recovery on Friday. Among the frontrunners so far are Sui (SUI), Render (RENDER), and Fantom (FTM).
Render (RNDR) has seen an impressive 29% surge in just seven days, catching the attention of both retail and institutional investors. At press time, RNDR is trading at $8.73, marking a 3% gain in the last 24 hours.
Every year, some altcoins manage to outshine others with their unique technology and strong market demand. These standout performers can give life-changing gains to early backers and showcase exponential growth. In the past, projects like Cardano (ADA) and RENDER have gone from a $10 million market cap to become multi-billion projects.
An MVRV ratio of 1.48 also suggests that Render is in the early stages of a bull market cycle.
Render Token ($RENDER) has once again caught the eye of cryptocurrency analysts by forming a notable bullish chart pattern known as the cup and handle. This pattern, identified on the daily chart, has a neckline set at around $10, which is a critical resistance level for the token. Currently trading at $8.
The Render (RENDER) price has successfully regained momentum by displaying a strong bullish outlook. Reportedly, this Artificial Intelligence (AI) token has soared over 21%, indicating an increase in the adoption process of this technology in real-world applications.
Both $AVAX and $RENDER are following Bitcoin's lead by being in the green on Monday. Can both of these altcoins continue to copy Bitcoin by getting back to their all-time highs?
Render prices are testing the $8 resistance zone after a 32% price surge over the last two weeks.
Are you trying to figure out which altcoins could make a difference in your portfolio this week? The crypto market is packed with opportunities, but knowing where to look is key. With innovation driving fresh projects forward, there's always something worth considering if you want to make smart investment choices.
Render Network's 2024 achievements include token upgrades, expanded 3D tool support, AI integrations, and significant community growth, setting the stage for 2025.
The $7 level is acting as strong resistance. If Render breaks above this level, it could indicate a bullish reversal.
The cryptocurrency market continues its recovery, one asset that's catching the attention of traders and investors alike is RENDER, the native token of the Render network. After showing promising signs of upward momentum, many are speculating that the token could be poised for a substantial rally.
RENDER is doing well, but can it do even better soon?
The story of a successful crypto token characterized by several speculative bull.
Hyperliquid's HYPE, following its billionaire airdrop, surged to a new all-time high on December 21 before entering a steep correction. Meanwhile, RENDER, the leading AI-focused token, has seen a sharp 20% decline over the past week, with its market cap falling to $3.7 billion.
While last week's dip tested RNDR's resilience, the altcoin has strongly bounced back, reclaiming investor confidence in a short span.
Bitcoin's sudden drop from $108,000 to $96,000 has shaken the market of digital assets. This surprise move lit a fire under selling across all altcoins, with Render ($RENDER)being hit hardest and crashing -26%, breaking its 40-day trendline too.
Render (RNDR) has seen a sharp 15% price decline over the past three days, a move that reflects broader market uncertainty. Despite this, a significant portion of its holders—around 70%—remain in profit, signaling a resilient investor base.
Render's whale activity dip raises questions as 70% of its holders have been in profits.
Two names that frequently come up in discussions about innovative projects are Altura ($ALU) and Render ($RENDER). While both have their unique strengths, Altura is shaping up to be the better investment for Q1 2025.
Render ($RENDER) and Altura ($ALU) are two popular tokens attracting significant attention
Solana joined Render as an underperformer, dipping 2.1%.
RENDER price is up more than 10% in the last 24 hours, solidifying its position as the largest AI coin by market cap, ahead of competitors like FET and TAO. Despite this recent surge, on-chain data reveals mixed signals about its future trajectory.