Render (RNDR) Attracts Big Investors: $1 Million+ Whale Moves On The Rise
2024年7月16日 - 7:30AM
NEWSBTC
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. Related
Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25%
Rally 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 token could change a lot. Large transactions often
show what big buyers are doing, so they have a big effect on how
the RNDR market moves. Institutional Interest And Market Influence
The large number of whales trading RNDR coins shows that big buyers
see the token as a valuable asset. When whales jack up their buying
activities, the price may go up, otherwise it remains stagnant.
It’s clear from this pattern how important establishment players
are in setting market trends. In the past, when there were more
whale trades, the price of RNDR tended to go up. Looking back at
similar events in March and May, we can see that RNDR’s price went
from being bearish to being positive. This shows that whale
behaviour is linked to price increases. The price of RNDR was $6.20
at the time of the news, down 8.85% in the last 24 hours. Even
though there is a short-term drop, other signs point to a possible
positive trend. Render market cap currently at $2.4 billion. Chart:
TradingView.com Network Activity And Market Sentiment In addition
to whale action, Render network metrics have gotten a lot better.
IntoTheBlock data shows that the number of active addresses on the
network has increased by 100% in the last week, which means that
the number of users is growing. In addition to the increase in new
members, there has been an 86% growth in the number of new
locations. The mood in the market about RNDR has also improved.
Analysts at Santiment say that the Weighted Sentiment measure has
turned positive, which means that the market as a whole has better
feelings about RNDR. Price increases often happen before positive
mood does, because it shows that buyers are becoming more
confident. Render Price Forecast Related Reading: Analysts
Unanimous: Solana (SOL) To Soar 100% – Details Even though current
sentiment has been negative and the Fear & Greed Index has been
neutral, the long-term picture for Render Token is still positive.
Render has a probability of increasing in price by around 226% and
hit $21.51 by mid-August, according to current predictions. But the
token’s success over the last 30 days, with 47% “green” days and
8.63% price fluctuation, makes it important to be careful. Featured
image from Asia Crypto Today, chart from TradingView
Render Token (COIN:RNDRUSD)
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から 9 2024 まで 10 2024
Render Token (COIN:RNDRUSD)
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から 10 2023 まで 10 2024