RNDR Crypto is poised for major gains surrounding the RENDER rebrand. Don’t miss this RENDER price analysis to find out what’s going on.
After much anticipation, the Render Network is wrapping up the migration and upgrade of the RENDER crypto AI token, catapulting its price by over 15% in just 24 hours.
Investor sentiment and 99Bitcoin’s analysts are forecasting a rosy picture for the RENDER token, sparking discussions of a potential breakthrough over the $10 threshold… and maybe $100 by 2025.
“The RENDER token, with its fresh chart of around $6.5 lows, has the potential to reach unimaginable heights,” shared an enthusiastic X user.
From RNDR to RENDER Crypto: A Strategic Shift
Last year, the Render Network Foundation opted to switch gears from Ethereum (ETH) to Solana (SOL) after a community ballot, aiming for speedier transactions and heightened scalability. The token makeover from RNDR to RENDER, now official, signifies a strategic evolution.
This week saw crypto giants like OKX and Crypto.com facilitating a smooth handover of RNDR to RENDER at a 1:1 ratio.
Last cycle $RNDR did a 10x in just 3 weeks in Q4.
We are now in Q3 and everything is lining up bullish again. $RENDER to $100+ ⭕️🐂🛸 pic.twitter.com/4iNunxFZD4
— Rendoshi Tokamoto ⭕️ (@Rendoshi1) July 28, 2024
Initial hiccups prior to the migration didn’t deter the positive market reaction upon its triumphant conclusion.
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RNDR Whale Activity and RENDER Price Fluctuations
Prior to the migration, heavy selling by major holders pushed the RNDR token below $6 from its $7 support level. The debut of the RENDER token on Binance sparked a price rebound, propelling it over 17%.
With listings on Binance Simple Earn, Buy Crypto, and Binance Convert, RENDER eyes a potential leap to reclaim $11 post breaking the $7 resistance.
The launch of the RENDER token received a warm reception from investors, buoyed by Binance Margin and Futures offerings alongside the upcoming Auto-Invest feature on July 29. Kraken is another exchange poised to list RENDER while delisting RNDR concurrently.
Within the last day, RENDER witnessed a staggering 140% surge in market activity, boasting a daily trading volume of $83.1 million. Priced at $6.18, RENDER is up 244.18% this year.
Looking Ahead: Bullish Sentiment for Render Crypto
As Q3 unfolds, bullish fervor embraces the RENDER token, fueling speculation of another 10x in price from here.
At the very least, the chances of it breaking $100 this year or next now seem possible.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
