Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10?
2024年7月27日 - 5:30AM
NEWSBTC
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 Bitcoin’s
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 token’s
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 RNDR’s 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:
Solana’s 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
Render Token (COIN:RNDRUSD)
過去 株価チャート
から 9 2024 まで 10 2024
Render Token (COIN:RNDRUSD)
過去 株価チャート
から 10 2023 まで 10 2024