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FET Vs Render: Which AI Altcoin to Buy, Sell or Hold in May?

TokenTalk Staff

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FET Vs Render

As the cryptocurrency market recovers, AI coins have attracted a lot of interest from investors looking to take advantage of the possibilities offered by AI technologies. With a collective market capitalization of approximately $36.6 billion, AI Altcoins experienced a significant increase in trading volume of 18.27% in the last 24 hours, providing numerous opportunities for strategic investments. In this article we explore the contrast between Recover.ai (FET) and Rendering network (RNDR) in terms of buying, selling and selling potential in May.

FET vs Render: Market Performance

FET vs Render: Market Performance

Fetch.ai (FET) is currently trading at $2.17, showing a significant increase of 8.51% from the last day. However, its results from the previous month show a different picture, with a significant drop of 19.03%.

Despite the recent decline, Fetch.ai has shown long-term growth, increasing by 577.40% over the past year. With a market capitalization of $1.8 billion, FET is currently ranked 55th in the market, according to CoinMarketCap.

The token’s trading volume over the past day is $207.37 million, an increase of 27.13%, with a total circulating supply of 848,193,896 FET.
Focusing on Render (RNDR), the token is currently valued at $8.52, showing an increase of 10.42% over the past day and a rise of 7.92% over the past week.

However, like Fetch.ai, the Render token has faced challenges over the past month, seeing a 10.34% decline in value. Despite this setback, Render is showing significant growth over the past year, up 285.90%. With a market capitalization of $3,297,764,778, Render secures its position at 35th in the market, according to CoinMarketCap.

The token’s trading volume over the last 24 hours stands at $154,117,048, which represents approximately 4.63% of its market capitalization. The circulating supply of Render stands at 386,976,473 RNDR.

Although Fetch.ai and Render have both experienced short-term fluctuations, their long-term trajectories reflect substantial growth potential. As investors evaluate the opportunities presented by these tokens, a comprehensive understanding of their underlying technologies and market dynamics will be essential to making informed decisions.

FET Vs Render: Buy, Sell or Hodl

When considering potential investment strategies for Fetch.ai and Render in May, it is important to analyze different technical indicators to understand their market sentiments and possible directions.

From the FET, the evaluation shows a mix of results. Although the short-term EMAs suggest a buying trend, the longer-term EMAs show a selling trend, resulting in somewhat unclear sentiment. The MACD level indicates decreasing momentum, in line with bearish signals from the EMAs.

Nonetheless, the Relative Strength Index (RSI) is currently in a neutral position, suggesting balanced market sentiment. Analyzing Fibonacci support and resistance levels, Fetch.ai shows potential support around $1.38 and resistance near $2.87.

Will pass Render token, technical analysis presents a more positive point of view. The majority of its short- and long-term EMAs are showing an uptrend, reflecting a positive outlook in the moving averages. The bullish sentiment is supported by the MACD level, indicating a positive market trend.

Likewise, the RSI is currently at a neutral level, suggesting fair sentiment with no clear signs of excessive buying or selling. When it comes to Fibonacci levels, Render Token has higher support and resistance levels than Fetch.ai, suggesting the potential for larger price changes.

In comparison, the Render token appears to be showing more robust bullish signals across different technical indicators, making it potentially more advantageous for purchasing or holding positions in May. Nonetheless, investors should proceed with caution and research thoroughly, considering aspects such as fundamental analysis and overall market trends before making investment choices.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Binance Updates Taker Fee Promotion for Altcoin Trading Pairs

TokenTalk Staff

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Binance Unveils Cristiano Ronaldo NFT Collection 'Forever Worldwide: The Road to Saudi Arabia'





Binance, one of the world’s leading cryptocurrency exchanges, has announced updates to its Taker Fee promotion for various spot and margin altcoin trading pairs. This change is expected to take effect from July 1, 2024 at 00:00 (UTC), according to Binance.

Updated promotion details

The updated promotion will affect the following trading pairs: PEPE/USDT, STRK/USDT, ENA/USDT, SUI/USDT, WIF/USDT, NEAR/USDT, OP/USDT, BONK/USDT, LTC/USDT, FET/ USDT, ORDI/USDT, BCH/USDT, W/USDT, ARB/USDT, LINK/USDT, TIA/USDT, ETC/USDT, APT/USDT, RNDR/USDT and WLD/USDT. Users trading these pairs will benefit from the taker’s promotional fees until the specified date.

Once the promotion ends, standard fees will apply. Interested traders are advised to check Binance information spot and margin trading fee structure for more information on fees applicable after the promotion.

Binance’s Commitment to Competitive Services

This update is part of Binance’s ongoing efforts to review and optimize its promotional offers, ensuring that users receive the most cost-effective and competitive services. Regular reviews and updates like these are essential to maintaining a strong trading environment that benefits both new and experienced traders.

Binance continues to emphasize the importance of user experience by providing timely updates and maintaining transparency in its pricing structures. Such initiatives are part of the exchange’s broader strategy to remain a leading choice for cryptocurrency trading worldwide.

Implications for traders

Traders using the affected altcoin pairs will need to adjust their strategies accordingly once the promotion ends. With the return to standard fees, it becomes essential for traders to stay informed and plan their trades in order to effectively manage costs.

Binance also reminded users of the inherent risks associated with trading digital assets. The exchange advises traders to consider their investment experience, financial situation and risk tolerance before making any trading decisions. Binance is not responsible for any losses incurred due to market volatility.

For more details on the updated Taker Fee promotion and other related announcements, users can visit the official Binance website.

Image source: Shutterstock

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Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

TokenTalk Staff

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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