• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Render (RNDR) hits crucial user milestone ahead of much-anticipated token swap

by July 18, 2024
written by July 18, 2024

AI crypto project Render (RNDR) recently attained a remarkable milestone in user activity.

Renowned analyst Ali Charts revealed that the platform saw the highest number of 24-hour active addresses since Render’s launch.

#Render recently saw the highest surge in daily active addresses since launch! This spike could be linked to the upcoming swap of all $RNDR tokens to #RENDER! pic.twitter.com/KOG0K08J06

— Ali (@ali_charts) July 16, 2024

He added that the upcoming migration of all RNDR coins to RENDER is behind the surged activity, indicating amplified engagement and interest among Render investors.

Render’s token migration

The platform plans to move all RNDR assets from the Ethereum network to Solana, rebranding the coin to RENDER.

Render launched as an ETH project in 2017, but a community vote in 2023 suggested a migration to the Solana blockchain.

The new Solana Program Library (SPL) coin RENDER went live in November 2023.

Market experts believe RENDER will tap Solana’s growth and predicted success to outshine the altcoin market.

The $RNDR to $RENDER migration unfortunately confused a few people.

Make no mistake though. The migration to Solana is BULLISH‼️ 🐂🐂🐂

This cycle is the Solana cycle. $SOL and Solana coins will outperform, and $RENDER is the top dApp on Solana. pic.twitter.com/zdmThwp24Z

— Rendoshi Research ⭕️ (@Rendoshi1) July 17, 2024

Render is the top decentralized application (dApp) on the Solana blockchain.

Solana attracted Render enthusiasts due to cheaper fees and transaction speed.

The SOL network has gained popularity recently, even threatening to dethrone Ethereum.

Meanwhile, increased user activity triggered bullish price movements for RNDR over the past day, and technical indicators suggest continued upswings.

RNDR signals recovery  

The altcoin maintained a bullish stance over the past day, rising from $6.4521 to a 24-hour high of $7.0418 before retracing to trade above $6.65 at press time.

RNDR 1D Chart on Coinmarketcap

Meanwhile, the broad market flashed revival signs as Bitcoin climbed past the $65K mark.

The altcoin market reflects renewed optimism with notable price surges.

Moreover, the altcoin market has printed a bottom formation, highlighting an impending robust rally.

Crypto analyst Negentropic predicts an acceleration phase that will see the market doubling or tripling in the coming sessions.

Altcoins are ready to fly! 🚀

We have had a period of CONSOLODATION after the Break-Up of the Rounding Bottom formation.

The next phase is ACCELERATION!

This is where the Altcoin Season sends #Crypto flying. The market will double and triple a matter of few weeks to months.… pic.twitter.com/kdKW9AiRIV

— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) January 16, 2024

That bodes well with Render’s current outlook as buyers triggered a massive reversal from the support at $5.6, which overlaps with a crucial retracement region.

The support level, coinciding with the 23.6% FIB retracement, remains vital as it prevented further declines during early July bearishness.

That makes it a lucrative region for the next upsurge.

Further, RNDR’s entire correction happened within two declining trendlines, forming a flag setup.

That positions the altcoin for an impressive long-term surge. Sustained buyer activity ahead of the coming token swap supports prolonged rallies for Render.

Bulls can trigger a 30% surge before hitting the flag pattern’s crucial resistance level. Such a price uptick will see RNDR regaining the 20-, 50-, 100-, and 200-daily Exponential Moving Averages.

That will trigger robust bullishness and sustained recoveries. Nonetheless, a breakout from the flag pattern remains essential for stable upsurges.

The post Render (RNDR) hits crucial user milestone ahead of much-anticipated token swap appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Cantor Fitzgerald sets $20 price target for Core Scientific stock: Should you buy?
next post
Is it the right time to invest in SolarEdge stock?

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • FBI investigating leak of classified docs on Israeli preparations for possible Iran strike

    October 23, 2024
  • Federal judge temporarily blocks shutdown of US-funded radio network

    March 26, 2025
  • Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides

    February 21, 2025
  • How Donald Trump sneaked up on me and a bunch of new friends in Milwaukee

    July 23, 2024
  • Liz Cheney bashes Trump in new key battleground Harris ad as election hits final sprint

    October 29, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,598)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Coca-Cola raises full-year outlook as global demand increases in Q2

    July 23, 2024
  • State Dept says data on Ukrainian orphans is ‘secure’ despite concerns it was lost following Trump funding cut

    March 25, 2025
  • Meet Pete Hegseth: The ‘recovering neocon’ and Pentagon critic who’s been tapped for Defense secretary

    November 15, 2024

Recent Posts

  • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

    June 27, 2025
  • Mortgage refinancing surges 35% in one week as interest rates hit lowest level in over a year

    August 15, 2024
  • Zelenskyy pointedly thanks Trump, America for Ukraine support months after Vance’s jab about lack of gratitude

    June 25, 2025

Editor’s Pick

  • White House takes interest in proposed Russian sanctions as Ukraine War peace talks drag on

    June 12, 2025
  • Trump, Netanyahu to meet at White House as Israel seeks tariff relief, discussions on Iran, Gaza hostages

    April 7, 2025
  • ‘Let us be the parents’: Supreme Court should let parents opt kids out of LGBTQ school lessons, lawyer argues

    April 22, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock