{"id":3865,"date":"2024-07-26T20:30:03","date_gmt":"2024-07-26T20:30:03","guid":{"rendered":"https:\/\/cryptd.in\/crypto-ai-token-render-soars-15-6-after-rebrand-can-it-hit-10\/"},"modified":"2024-07-26T20:30:03","modified_gmt":"2024-07-26T20:30:03","slug":"crypto-ai-token-render-soars-15-6-after-rebrand-can-it-hit-10","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ro\/crypto-ai-token-render-soars-15-6-after-rebrand-can-it-hit-10\/","title":{"rendered":"Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10?"},"content":{"rendered":"

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon.<\/p>\n

From RNDR To RENDER<\/h2>\n

Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network.<\/p>\n

According to the announcement<\/a>, the Solana switch was \u201cproposed for faster transactions, cheaper fees, and the project\u2019s needs to achieve more ambitious goals with more on-chain data and transactions.\u201d The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024.<\/p>\n

This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio.<\/p>\n

On Monday, the RNDR<\/a> delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week.<\/p>\n

Moreover, Whales seemingly contributed<\/a> to the impact of the token\u2019s price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range.<\/p>\n

The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery.<\/p>\n

AI Token Skyrockets 17% Following Binance Listing<\/h2>\n

The newly rebranded crypto AI token<\/a> surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert.<\/p>\n

Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR<\/a>.<\/p>\n

Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, \u201cthe RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights.\u201d<\/p>\n

Crypto analyst Coinboss considers<\/a> that the token could \u201cdo a flipperino\u201d if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDR\u2019s all-time high (ATH) of $13.53.<\/p>\n

Another pseudonym crypto analyst believes<\/a> RENDER could reach $10 soon, stating, \u201cThanks for the fud. See you above $10.\u201d Some users also consider that investors will regret not getting the \u201cgreatest buying opportunity.\u201d<\/p>\n

In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day.<\/p>","protected":false},"excerpt":{"rendered":"

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. From RNDR To RENDER Last […]<\/p>\n","protected":false},"author":0,"featured_media":3866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nCrypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ro\/crypto-ai-token-render-soars-15-6-after-rebrand-can-it-hit-10\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. 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