Render (RNDR) Attracts Big Investors: $1 Million+ Whale Moves On The Rise

Name	Symbol	Market	Market Cap ($)	Algorithm
Render Token	RNDRUSD	Crypto	3,449,717,963	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Render Token

RNDRUSD

Crypto

3,449,717,963

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.140	-1.57%	8.75	8.75	8.75

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.140

-1.57%

8.75

High Price	Low Price	Open Price	Prev. Close	52 Week Range
8.92	8.73	8.89	8.89	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

8.92

8.73

8.89

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:03:54	25.08	8.74	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:03:54

25.08

8.74

USD

Price x Volume	Volume	Base Symbol	Related Pairs
197,003.28	22,304.98	RNDR	RNDREUR	RNDRGBP	RNDRBTC

Price x Volume

Volume

Base Symbol

Related Pairs

197,003.28

22,304.98

Render (RNDR) Attracts Big Investors: $1 Million+ Whale Moves On The Rise

15/07/2024 11:30pm

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

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RNDRUSD Render Token