Cryptocurrency Render Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Render (RNDR) experienced a 6.53% price decrease over the past 24 hours, falling to $4.46, despite a 6.0% increase over the past week. The trading volume for RNDR has risen by 72.0%, while its circulating supply decreased by 0.31%, now at 70.83% of its max supply. Currently, RNDR's market cap ranks it #49 at $1.68 billion.
February 05, 2024 | 7:03 pm
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NEGATIVE IMPACT
Render (RNDR) saw a 6.53% decrease in price to $4.46 over the last 24 hours, despite a weekly gain of 6.0%. The trading volume has increased by 72%, and the circulating supply has slightly decreased.
The short-term price decrease of RNDR, despite its recent uptrend and increased trading volume, suggests a potential market correction or profit-taking by investors. The slight decrease in circulating supply could indicate a tightening of available tokens, potentially influencing future price movements. However, the market's reaction to these factors can be unpredictable, hence the confidence score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100