Cryptocurrency Render Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Render (RNDR) experienced a 4.29% decrease in price over the last 24 hours, now at $8.23, despite a weekly uptrend of 3.0%. Trading volume fell by 47.0%, while circulating supply increased by 0.67% to 386.97 million, 72.73% of its max supply. RNDR's market cap ranks #36 at $3.18 billion.
April 26, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Render (RNDR) price dropped 4.29% to $8.23 in the last 24 hours, despite a 3% increase over the week. The trading volume decreased by 47%, and the circulating supply increased to 386.97 million.
The short-term price drop of 4.29% in RNDRUSD, despite a weekly gain, indicates a potential volatility in the asset's price. The significant decrease in trading volume could suggest less market activity or interest, potentially leading to further short-term price decreases. However, the increase in circulating supply might have contributed to the price drop by diluting the value. Given these factors, the asset is likely to experience continued short-term volatility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100