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.

Related
Reading

From
RNDR
To
RENDER

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.

 

According
to
the

announcement,
the
Solana
switch
was
“proposed
for
faster
transactions,
cheaper
fees,
and
the
project’s
needs
to
achieve
more
ambitious
goals
with
more
on-chain
data
and
transactions.”
The
community
also
voted
to
rebrand
the
token
from
RNDR
to
RENDER,
which
would
conclude
in
2024.

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.

On
Monday,
the

RNDR
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.

Moreover,
Whales
seemingly

contributed
to
the
impact
of
the
token’s
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.

 

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.

AI
Token
Skyrockets
17%
Following
Binance
Listing

The
newly
rebranded
crypto

AI
token
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.

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.

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,
“the
RENDER
token
with
this
fresh
chart
of
around
$6.5
lows
has
potential
to
reach
unimaginable
heights.”

 

Crypto
analyst
Coinboss

considers
that
the
token
could
“do
a
flipperino”
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’s
all-time
high
(ATH)
of
$13.53.

Another
pseudonym
crypto
analyst

believes
RENDER
could
reach
$10
soon,
stating,
“Thanks
for
the
fud.
See
you
above
$10.”
Some
users
also
consider
that
investors
will
regret
not
getting
the
“greatest
buying
opportunity.”

Related
Reading

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.

Featured
Image
from
Unsplash.com,
Chart
from
TradingView.com

Go to Source
Author: Rubmar Garcia

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