Connect with us

News

Will Render (RNDR) Price Save Face From Downtrend?

TokenTalk Staff

Published

on

Render (RNDR) Price Not in Peril Despite Losing Critical Support  

Render (RNDR) price has broken below its downtrend, signaling that losses on the network continue to mount.

However, this has not yet scared off some investors, whose belief could help the recovery.

Render Investors Show Mixed Signals

The price of Render has seen a significant drop over the past month. During this period, investors have lost a large chunk of their money and many have even regressed. The entire artificial intelligence (AI) sector has witnessed a bearish trend which has also impacted other similar tokens. Speaking to the same, Akshay Nassa, founder of Chimp Exchange, told BeInCrypto exclusively,

“It has been a volatile week for cryptocurrency markets. AI tokens such as FET, with a market cap of $2.98 billion, RNDR with a market cap of $2.53 billion, and GRT, with a market cap of $1.75 billion, have seen substantial declines. Despite the volatile nature of AI tokens in the cryptocurrency market, their value propositions are compelling.”

Render’s Chaikin Money Flow (CMF) illustrates this well, as it has been stuck in a downtrend for the past two months. It is currently below the zero line, which indicates significant outflows. This typically indicates increased selling pressure.

Perform CMF rendering. Make CMF. Source: Trading View

Despite this bearish signal, another key metric tells a different story. Render’s Mean Coin Age continues to show an uptick. This metric measures the average age of coins on the network, indicating how long coins have been held.

A rising Mean Coin Age suggests that most investors are holding onto their coins, demonstrating strong conviction. This behavior contrasts with the selling pressure indicated by the CMF.

To know more: How to Buy Render Token (RENDER) and Everything You Need to Know

It represents the average age of the coin. Make the average age of the coin. Source: Holiness

The combination of these factors could lead to potential consolidation in the price of RenderWhile there is selling pressure, continued holding by long-term investors suggests that a significant price decline could be avoided.

RNDR Price Prediction: Another Resistance Breakout

Render price has been noticed a 40% decline in the past two days, invalidating multiple support levels. The altcoin has dropped from $11 to $6.7 in a month, settling above the $6.3 support line.

However, mixed signals from investors suggest a consolidation above $6.8 and below $8.0. This range has been tested before and may occur again as the market is still volatile.

To know more: Render Token (RNDR) Price Prediction 2024/2025/2030

Rendering Price Analysis. Rendering Price Analysis. Source: Trading View

However, if the maximum limit of $8.0 is exceeded, the Render price may increase at $9.0 or above. This would invalidate the bearish-neutral thesis to push the altcoin towards recovery.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto strives to provide accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAND Disclaimers They have been updated.

Fuente

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

News

Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

TokenTalk Staff

Published

on

Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

In short

Several cryptocurrency tokens associated with the former US president who was shot earlier today have soared in value as he survived the assassination attempt.

According to more recent sources, the man has reportedly been released from a local hospital and is returning to New Jersey.

The cryptocurrency industry has its controversial moments, and the constant creation of tokens tied to global events is one of them.

The ongoing battle for absolute power in the United States between Republican candidate and former President Donald Trump and the current 46th President, Joe Biden, has allowed developers to create several tokens related to both, whose value is often influenced by the events surrounding them.

Crypto-potato reported before the notable price fluctuations of the largest-cap cryptocurrencies that followed the shooting, which led to impressive gains for BTC, SOL, and others.

However, Trump-related tokens have seen even more significant increases. This is perhaps due to the failed assassination attempt and Trump’s reaction immediately afterward, when he stood up and raised his hands in a rather spectacular manner.

As a result, MAGA (TRUMP) skyrocketed over 30% after the news broke. Despite a slight retracement since then, the token is still up 26%, its market cap has risen to $370 million, and it is currently the 167th largest crypto asset.

Another coin, (Donald Trump – TRUMP2024), created primarily for the ongoing presidential battle, has surged 40% in the same time frame. DONALD TRUMP (DONALD) is another example of developers trying to capitalize on the current craze. So far, it seems to be working, as it has surged 35% on the day.

Fuente

Continue Reading

News

Top 3 Undervalued Tokens Growing 10x This Year!

TokenTalk Staff

Published

on

Top 3 Undervalued Tokens Growing 10x This Year!

The cryptocurrency market has shown increased price volatility this week, highlighting increased buying and selling pressure in the cryptocurrency space. Additionally, major tokens have successfully retested their important support levels, indicating a potential bullish price action in the near future.

On the other hand, mid-cap and small-cap altcoins have seen the highest gains, indicating growing investor interest in these crypto tokens. Are you considering investing in undervalued small-cap altcoins for the next bull rally?

Read on because in this article we have covered the top 3 altcoins that are currently trading at significant discounts to their all-time highs, but have solid long-term fundamentals.

Serial Number (MDX):

Built on the HECO chain and launched in January 2021, the Mdex project is an Automated Market Making (AMM) exchange protocol. It is decentralized and works on the concept of pooled funds. Specifically, it uses a dual chain and can also operate on the Ethereum network.

TradingView: MDX/USDT

Notably, MDX price has increased by 129.91% in a day and 132.05% in the past week. This highlights a growing bullish sentiment for the altcoin. Furthermore, with a market cap of $75.215 million, it has secured the 410th position.

The technical indicators SMA and RSI have seen a sharp increase, indicating increased buying-selling pressure in the cryptocurrency sector.

Furthermore, Mdex price is currently discounted by over 99% from the previous all-time high of $10.06 and with strong fundamentals, this altcoin could see a price surge in the near future.

Renzo (REZ):

Renzo is a Liquid Staking token and strategy manager on EigenLayer and is based on the Ethereum chain. Offering a higher yield than ETH staking, it is the interface to the EigenLayer ecosystem and AVS protection.

TradingView: REZ/USDT

With a trading price of $0.0658, a circulating supply of 1.15 billion, and a total supply of 10 billion, Renzo price has secured the 409th position with a market cap of $76,430 million.

The SMA indicator is showing a bullish convergence in the 1D time frame, indicating a strong bullish outlook in the cryptocurrency market. The MACD has been steadily rising in the green histogram with its averages showing a positive crossover. This indicates a positive outlook for the REZ price.

Horizon (ZEN):

A zero-knowledge network-enabled blockchain powered by the largest node infrastructure in the industry, the Horizen project is truly unique. Its interoperability is enabled by the Zendoo protocol. Horizon’s native token “ZEN” is a mineable PoW coin and is listed on all major exchanges.

TradingView: ZEN/USDT

ZEN price continues to trade under bullish price action adding 14.91% to its portfolio in the last day and 23.15% in the last week. Furthermore, it is up 53.62% in the last 30 days and has recorded a Year-to-Date (YTD) return of 31.52%.

With a trading price of $11.35, a circulating supply of 15,204,481 tokens, and a maximum supply of 21 million tokens, it has successfully secured the 237th position in the global cryptocurrency ranking with a market capitalization of $179.56 million.

If the market continues to trade with a bullish sentiment, Horizen price will prepare to head towards its all-time high (ATH) in the coming months. However, a bearish price action could push ZEN coin price towards its low of $7.85.

Fuente

Continue Reading

News

404 page not found

TokenTalk Staff

Published

on

NFTs – Decrypt

Italian: https://news.google.com/./articles/CBMiVGh0dHBzOi8vZGVjcnlwdC5jby8yMzk2OTIvYml0Y29pbi1wcmljZS1jbGltYnMtdHJ1bXAtbWVtZS1jb2lucy1zdXJnZS10cnVtcC1hdHRhY2tlZ NIBWmh0dHBzOi8vZGVjcnlwdC5jby8yMzk2OTIvYml0Y29pbi1wcmljZS1jbGltYnMtdHJ1bXAtbWVtZS1jb2lucy1zdXJnZS10cnVtcC1hdHRhY2tlZD9hbXA9MQ?hl=it-IT&gl=IT&ceid=IT%3Ait

Fuente

Continue Reading

News

Crypto: Bitcoin ETFs Herald a Less Febrile Token in the Long Term, Traders Say

TokenTalk Staff

Published

on

Crypto: Bitcoin ETFs Herald a Less Febrile Token in the Long Term, Traders Say

Bitcoin began the week with a slump that fueled fears of outflows from dedicated U.S. exchange-traded funds. Instead, dip buyers poured money in, a pattern that some say points to a less volatile token in the long run.

A net $737.5 million was added to the 11 ETFs in the four days through Thursday, stabilizing Bitcoin near $58,000 after a dip to $53,602 on July 5, driven by sell-offs of seized tokens and fears of divestments by creditors of the failed Mt. Gox exchange.

Fuente

Continue Reading

Trending

Copyright © 2024 TOKENTALK.TOP. All rights reserved. This website provides educational content and highlights that investing involves risks. It is essential to conduct thorough research before investing and to be prepared to assume potential losses. Be sure to fully understand the risks involved before making investment decisions. Important: We do not provide financial or investment advice. All content is presented for educational purposes only.