LD Token Rollout Sparks A Breakout in Render Crypto, What's Next
The Render ecosystem has issued a whitelist for the Long Dragon LD token exclusive to its network participants.
Render crypto is rising bullish waves as Network growth and OI data have turned bullish.
The price of Render (RNDR) is exhibiting a positive trend, achieving successive peaks, and not only surpassing similar AI-driven cryptocurrencies but also outshining many other alternative coins in the wider crypto market.
Render crypto has successfully emerged from a notable pattern established a month prior and has exited a period of price correction. The surge in Open Interest data and network growth positions it as a likely candidate for one of the best-performing digital currencies in the upcoming weeks. A closer examination of its potential for price appreciation is warranted.
Render Price Sparkles Amid Launch of LD Launchpad!
The Render token's value has surged by 35% across the last four trading sessions, sparking enthusiasm among investors due to buzz surrounding a new launchpad within its ecosystem. Promoted with the pledge to "Shape Destiny in service of The Render network," the ecosystem is preparing to introduce the Long Dragon launchpad, aimed at streamlining engagement in nascent Web 3.0 projects.
The Long Dragon launchpad will conduct thorough evaluations of projects, even investing in their funding rounds. A statement from the whitelist highlights the platform's ease of use, appealing to investors from both Web 2.0 and Web 3.0 backgrounds.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Riding the bullish wave with <a href="twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc^tfw"> back on the rise, the <a href="twitter.com/search?q=$RNDR&src=ctag&ref_src=twsrc^tfw">CRYPTOCAP:RNDR</a> ecosystem is on fire! <br><br>Get ready for <a href="twitter.com/search?q=$LD&src=ctag&ref_src=twsrc^tfw">LLD</a>, the first token from <a href="twitter.com/rendernetwork?ref_src=twsrc^tfw">@rendernetwork</a>& realm, launching in just a month. <br><br>Say goodbye to liquidity woes on <a href="twitter.com/search?q=$SOL&src=ctag&ref_src=twsrc^tfw">
SOL</a>! <br><br>Psst! Guess what? I've secured whitelist spots for my… <a href="t.co/CCtw5n0Xqb">https://t.co/CCtw5n0Xqb</a> <a href="t.co/ST42M0aKe1">pic.twitter.com/ST42M0aKe1</a></p>&mdash talentino (@talent1n0) <a href="twitter.com/talent1n0/status/1786813571021639688?ref_src=twsrc^tfw">May 4, 2024</a></blockquote> <script async src="platform.twitter.com/widgets.js" charset="utf-8"></script>
Furthermore, The Long Dragon within the Render ecosystem will also facilitate staking with its native or primary token, LD. Holders of the LD token, thus stakers, will gain access to the same market as major investors, reaping comparable benefits and advantages associated with substantial investments. These benefits include enhanced yield prospects, superior pre-sale deals, top-tier airdrops etc.
In addition to staking, the LD token will serve multiple purposes, such as enabling farming, governance, investment options, and unlocking all features of the Long Dragon ecosystem. The token also serves to motivate and compensate community members for their active involvement in the ecosystem.
Will RNDR breakout Sustain or Fade Away?
The daily trading chart indicates that the cryptocurrency has broken out from a downward-sloping parallel channel pattern. It has exceeded the previous resistance level at $9.27, signaling the end of its recent downtrend.
<iframe title="Santiment Chart: Price (RNDR), Network Growth (RNDR), Total Open Interest in USD (RNDR)" width="1170" height="425" src="embed.santiment.net/chart?ps=render&pt=RNDR&df=2024-03-14T00:00:00.000Z&sat=shchcfg_0fkcqXWOckcn&emcg=1&emhwm=1&wm=price_usd;network_growth;total_open_interest&wax=0;1;2&wc=#26C953;#FF5B5B;#FFCB47&ws={"interval":"12h"};{"node":"bar"};" scrolling="no"></iframe>
Notably, the network's expansion and the increase in Open Interest (OI) have confirmed the breakout, suggesting a potential for further upward movement in the cryptocurrency's value.
According to the latest price forecast, the cryptocurrency has reached a new high of $10, climbing nearly 35% in recent trading periods. Analysts believe there is still potential for growth up to the upper boundary of the previously established channel pattern. Optimistically, the cryptocurrency could ascend to a peak of $13.29.
Conversely, a decline below the $8.7 mark and the 50-day Exponential Moving Average (EMA) could negate the breakout, potentially leading to a decrease in price toward lower levels.
Conclusion.
Render (RNDR) is on an upward trajectory, outperforming its peers with a 35% increase in value over four sessions, fueled by excitement over its new Long Dragon launchpad.
Moreover, It promises to enhance Web 3.0 project participation. On a daily chart, the crypto has already observed a breakout from a bearish channel pattern, surpassing the $9.27 resistance.
Also, The network growth and rising Open Interest affirmed this trend. On a bullish scenario, RNDR could potentially climb to $13.29. However, falling below $8.7 and the 50-day EMA could reverse gains, pushing prices down.
Technical levels:
Support levels: $7.04 and $5.17
Resistance levels: $11.27 and $13.29
Render crypto is rising bullish waves as Network growth and OI data have turned bullish.
The price of Render (RNDR) is exhibiting a positive trend, achieving successive peaks, and not only surpassing similar AI-driven cryptocurrencies but also outshining many other alternative coins in the wider crypto market.
Render crypto has successfully emerged from a notable pattern established a month prior and has exited a period of price correction. The surge in Open Interest data and network growth positions it as a likely candidate for one of the best-performing digital currencies in the upcoming weeks. A closer examination of its potential for price appreciation is warranted.
Render Price Sparkles Amid Launch of LD Launchpad!
The Render token's value has surged by 35% across the last four trading sessions, sparking enthusiasm among investors due to buzz surrounding a new launchpad within its ecosystem. Promoted with the pledge to "Shape Destiny in service of The Render network," the ecosystem is preparing to introduce the Long Dragon launchpad, aimed at streamlining engagement in nascent Web 3.0 projects.
The Long Dragon launchpad will conduct thorough evaluations of projects, even investing in their funding rounds. A statement from the whitelist highlights the platform's ease of use, appealing to investors from both Web 2.0 and Web 3.0 backgrounds.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Riding the bullish wave with <a href="twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc^tfw"> back on the rise, the <a href="twitter.com/search?q=$RNDR&src=ctag&ref_src=twsrc^tfw">CRYPTOCAP:RNDR</a> ecosystem is on fire! <br><br>Get ready for <a href="twitter.com/search?q=$LD&src=ctag&ref_src=twsrc^tfw">LLD</a>, the first token from <a href="twitter.com/rendernetwork?ref_src=twsrc^tfw">@rendernetwork</a>& realm, launching in just a month. <br><br>Say goodbye to liquidity woes on <a href="twitter.com/search?q=$SOL&src=ctag&ref_src=twsrc^tfw">
SOL</a>! <br><br>Psst! Guess what? I've secured whitelist spots for my… <a href="t.co/CCtw5n0Xqb">https://t.co/CCtw5n0Xqb</a> <a href="t.co/ST42M0aKe1">pic.twitter.com/ST42M0aKe1</a></p>&mdash talentino (@talent1n0) <a href="twitter.com/talent1n0/status/1786813571021639688?ref_src=twsrc^tfw">May 4, 2024</a></blockquote> <script async src="platform.twitter.com/widgets.js" charset="utf-8"></script>Furthermore, The Long Dragon within the Render ecosystem will also facilitate staking with its native or primary token, LD. Holders of the LD token, thus stakers, will gain access to the same market as major investors, reaping comparable benefits and advantages associated with substantial investments. These benefits include enhanced yield prospects, superior pre-sale deals, top-tier airdrops etc.
In addition to staking, the LD token will serve multiple purposes, such as enabling farming, governance, investment options, and unlocking all features of the Long Dragon ecosystem. The token also serves to motivate and compensate community members for their active involvement in the ecosystem.
Will RNDR breakout Sustain or Fade Away?
The daily trading chart indicates that the cryptocurrency has broken out from a downward-sloping parallel channel pattern. It has exceeded the previous resistance level at $9.27, signaling the end of its recent downtrend.
<iframe title="Santiment Chart: Price (RNDR), Network Growth (RNDR), Total Open Interest in USD (RNDR)" width="1170" height="425" src="embed.santiment.net/chart?ps=render&pt=RNDR&df=2024-03-14T00:00:00.000Z&sat=shchcfg_0fkcqXWOckcn&emcg=1&emhwm=1&wm=price_usd;network_growth;total_open_interest&wax=0;1;2&wc=#26C953;#FF5B5B;#FFCB47&ws={"interval":"12h"};{"node":"bar"};" scrolling="no"></iframe>
Notably, the network's expansion and the increase in Open Interest (OI) have confirmed the breakout, suggesting a potential for further upward movement in the cryptocurrency's value.
According to the latest price forecast, the cryptocurrency has reached a new high of $10, climbing nearly 35% in recent trading periods. Analysts believe there is still potential for growth up to the upper boundary of the previously established channel pattern. Optimistically, the cryptocurrency could ascend to a peak of $13.29.
Conversely, a decline below the $8.7 mark and the 50-day Exponential Moving Average (EMA) could negate the breakout, potentially leading to a decrease in price toward lower levels.
Conclusion.
Render (RNDR) is on an upward trajectory, outperforming its peers with a 35% increase in value over four sessions, fueled by excitement over its new Long Dragon launchpad.
Moreover, It promises to enhance Web 3.0 project participation. On a daily chart, the crypto has already observed a breakout from a bearish channel pattern, surpassing the $9.27 resistance.
Also, The network growth and rising Open Interest affirmed this trend. On a bullish scenario, RNDR could potentially climb to $13.29. However, falling below $8.7 and the 50-day EMA could reverse gains, pushing prices down.
Technical levels:
Support levels: $7.04 and $5.17
Resistance levels: $11.27 and $13.29
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