The Render token’s price has surged by 24% in the last 24 hours, trading at $3.021 as of 8 a.m. EST. Trading volume has also seen a significant increase of 370%. Today, Render is among the top gainers, alongside Avalanche (AVAX) and Kaspa (KAS).
Render Token on Crypto X
Attention has turned to the Render token after it tested the $3 psychological level. The project’s continued focus on network upgrades remains a positive factor for RNDR community members.
Render’s Integration with Solana Ecosystem
The Render network recently announced its integration with the Solana (SOL) ecosystem following a vote by the Render Network community. This integration was discussed during the Solana Breakpoint conference in Amsterdam, Netherlands. It marks the network’s migration from Ethereum to Solana, leveraging exclusive use cases provided by Solana and avoiding high gas fees.
RNDR Holders Enjoying Use Cases on Solana Blockchain
As a result of upgrading its core infrastructure to the Solana blockchain, RNDR holders now have access to several use cases on the SOL network without being burdened by high transaction fees.
Render Price Analysis
Based on the chart, the Render price is currently testing the supply zone between $2.801 and $3.080. To continue its uptrend, the price must break and close above $2.920, potentially reaching $3.500 and even $4.063 in a highly bullish case.
The Relative Strength Index (RSI) and Awesome Oscillator (AO) both indicate upward momentum, but caution is advised as RSI has entered overbought territory.
Investors should consider leaving long positions open while perpetual traders should refrain from opening new long positions.
Promising Alternative To Render: TGC
TGC is a new presale token selling for just $0.155 and offers an alternative for those looking to diversify risks away from RNDR. The native cryptocurrency for TG Casino, TGC has already recorded more than $2 million in sales with a target raise of $2.5 million.
With more than $16 million already wagered in the Casino and over 2000 players, now may be an opportune time to buy TGC before prices increase.
You can visit TG.Casino website to buy TGC.
Hot Take: A Look at Emerging Tokens
If you’re investing in crypto today, tokens like RNDR and TGC are worth watching closely as they show significant potential for growth in different areas of use cases and gambling platforms respectively.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.