Skip to main content

Join Our Telegram channel to stay up to date on breaking news coverage

Render price is up 24% in the last 24 hours to trade for $3.021 as of 8 a.m. EST as trading volume surged by 370%.

The token is among the top gainers today, alongside Avalanche (AVAX), and Kaspa (KAS).

Based on chatter on Crypto X, attention has shifted to the Render token after it tested the $3 psychological level. Meanwhile, the project’s focus on network upgrades continues to be a bullish fundamental for RNDR community members.

Render Price Pumps Amid RNDR Network Updates

In a recent announcement, the Render network revealed integration with Solana (SOL) ecosystem. It comes after a vote by the Render Network community in RNP-004 to build out an expansion onto the Solana Blockchain. Details of this integration also came up during the Solana Breakpoint conference.

The meet-up took place in in Amsterdam, Netherlands between October 30 and November 3.  The integration markets the Render network’s migration from the Ethereum to the Solana network, with the latter doubling down on expansion.

In an official announcement by Render on Medium, Ryan Shea, Advisor to the Render Foundation, said, “We are thrilled to welcome Render to the ecosystem, making it the latest project to migrate their network to Solana fully.”

Based on the announcement, the upgrade was inspired by the Render platform’s desire to leverage Solana’s exclusive use cases. Nevertheless, there is no second thought to the fact that ecosystems have been avoiding the high gas fees offered on the Ethereum network.

With the Render network successfully upgrading its core infrastructure to the Solana blockchain, RNDR holders can now explore several use cases on the SOL network. This is without stress relating to high transaction fees.

Render Price Pumps As RNDR Holders Enjoy Use Cases On Solana Blockchain

In the three-day timeframe shown in the chart below, the Render price is testing the supply zone, extending from $2.801 to $3.080. To continue the primary trend, which is the uptrend on the higher timeframe, the price must break and close above the midline of the supply zone at $2.920.

Increased buying pressure past this level would set Render’s price above the ascending trendline, on course to test the $3.500 psychological level. The gains could extend the RNDR market value to $4.063 in a highly bullish case. Such a move would constitute a 40% climb above current levels.

The Relative Strength Index (RSI) is deviating to the north, showing momentum is rising. Bolstered by the Awesome Oscillator (AO), which is holding steady in the positive territory and flashing green histograms, the odds strongly favor the upside.

Nevertheless, investors must not ignore that the RSI has just entered the overbought territory, crossing above 70. Whenever this happens, it always hints at an impending pullback.

Perpetual traders should shy off opening new long positions, at least for the meantime. Meanwhile, those with long positions should consider leaving them open as the Render price still has upside potential.

Render priceRender price
TradingView: RNDR/USDT 3-day chart


Meanwhile, attention is turning to TGC, a new presale token selling for just $0.155. Investors should take advantage of the current low rates to buy the token with just hours left before a price hike.

Promising Alternative To Render

TGC is a good alternative for anyone looking to diversify risks away from RNDR. It is the native cryptocurrency for the TG.Casino, an exclusive place for online, anonymous crypto gambling.

The project is in the presale stage, now recording more than $2 million in sales, with a target raise of $2.5 million. As almost 84% of the target has already been gathered, now is the time to buy TGC.

The project is gaining popularity, with more than $16 million already wagered in the Casino. The project has also crossed the 2000 player milestone, reflecting its rapidly expanding player base.

Visit TG.Casino website to buy TGC here.

Also Read:

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin MinetrixBitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 100% APY

Bitcoin MinetrixBitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Source link


Author admin

More posts by admin
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments