Cryptocurrency Render Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Render (RNDR) experienced a 7.25% price decrease over the past 24 hours, falling to $11.82, despite a 4.0% increase over the past week. The trading volume for RNDR has risen by 38.0%, while its circulating supply decreased by 0.51%, now at 71.68% of its max supply. Currently, RNDR's market cap ranks it 29th at $4.51 billion.
March 18, 2024 | 7:03 pm
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Render (RNDR) saw a 7.25% decrease in price to $11.82 over the last 24 hours, despite a weekly gain of 4.0%. The trading volume has increased by 38.0%, and the circulating supply has slightly decreased.
The short-term price decrease of 7.25% in RNDRUSD, despite its recent upward trend, indicates a potential negative impact on investor sentiment in the short term. The increase in trading volume suggests heightened activity, possibly from investors selling off their holdings, contributing to the price drop. The slight decrease in circulating supply might typically suggest a potential for price increase due to scarcity, but it seems to have been overshadowed by the current market dynamics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100