Cryptocurrency Render Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Render's cryptocurrency (RNDR) has seen a 3.57% decrease in price over the last 24 hours, continuing a negative trend with a 7.0% loss over the past week. The trading volume has decreased by 45.0%, while the circulating supply increased by 0.21%. Currently, RNDR's market cap ranks #41 at $3.29 billion.
April 12, 2024 | 3:03 pm
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NEGATIVE IMPACT
Render's cryptocurrency RNDR has experienced a 3.57% decrease in price over the last 24 hours and a 7.0% decrease over the past week, with its market cap ranking at #41.
The significant drop in RNDR's price over both the last 24 hours and the past week, combined with a substantial decrease in trading volume, suggests a negative short-term impact on its price. The slight increase in circulating supply may also contribute to the price pressure. The market cap ranking indicates a notable position in the cryptocurrency market, but the negative price trend and volume decrease are likely to influence investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100