Token

Render

Big Time

Time

<p>The price of RenderToken (RNDR) has seen a significant 12% surge over the last 24 hours, making it one of the top gaining altcoins. According to CoinMarketCap, RNDR is currently trading at <a href="https://coinmarketcap.com/currencies/render/" target="_blank">$5.65</a> with a 24-hour trading volume of $314 million. Over the last day, the RNDR price has increased by 14.42%.</p> 
<h2 class="wp-block-heading" id="strong-whale-takes-2-4-million-profit-strong"><strong>Whale Takes $2.4 Million Profit</strong></h2> 
<figure class="wp-block-image size-large is-resized">
 <img loading="lazy" decoding="async" width="1024" height="657" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-1024x657.png" alt="" class="wp-image-439189" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-1024x657.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-300x193.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-766x492.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-1536x986.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-2048x1315.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-234x150.png 234w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-545x350.png 545w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602-788x505.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-602.png 606w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>This upward price movement comes just after it was reported that a whale took substantial profits from their RNDR holdings. As <a href="https://platform.spotonchain.com/en/signal-details/whale-took-a-huge-profit-from-rndr-investment-28476" target="_blank" rel="nofollow">highlighted</a> by Spot On Chain, an anonymous whale address deposited 699,568 RNDR tokens, worth $3.46 million at the time, to Coinbase after accumulating them for months at lower prices. The estimated profit for the whale address was $2.41 million.</p> 
<p>Surprisingly, this large-scale sell-off did not negatively impact RNDR’s price. In fact, RNDR has only surged higher since then. This suggests that even huge whale profits do not always affect a cryptocurrency’s market performance.</p> 
<p>Besides the whale activity, RNDR also has strong fundamentals backing its recent upside momentum. RenderToken aims to build a GPU rendering network on Ethereum, connecting artists requiring significant computing power with mining partners.</p> 
<h2 class="wp-block-heading" id="strong-bullish-technical-pattern-emerging-strong"><strong>Bullish Technical Pattern Emerging</strong></h2> 
<p>Additionally, positive sentiment has been growing around RNDR in trading circles. <a href="https://x.com/dani_unss/status/1758457097702830092?s=20" target="_blank" rel="nofollow">According</a> to a top crypto analyst on X going by dani_unss, RNDR appears to be forming an optimistic cup and handle pattern. “RNDR cup &amp; handle pattern, target 10$ Bullish on $RNDR,” tweeted dani_unss.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="769" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-1024x769.png" alt="" class="wp-image-439181" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-1024x769.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-300x225.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-767x576.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-1536x1153.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-2048x1538.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-200x150.png 200w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-466x350.png 466w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601-788x591.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-601.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The analyst believes the technical pattern signals additional upside for RNDR price, with an eventual target of $10. They seem convinced of RNDR’s bullish potential overall. However, Dani_unss also advised interested traders, “Of course, if you want to be safe, buy on Spot!” indicating that buying the underlying asset directly could be a safer move versus risky derivatives products.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Consequently, between the continued development, underlying use case, and technical factors, RNDR has several tailwinds behind its ongoing rally. While short-term profit-taking fluctuations are likely, RNDR appears positioned for additional upside based on its 12% single-day surge after the whale transfer.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/polkadot-dot-teeters-on-the-cusp-of-a-breakout-can-it-surpass-resistance-at-this-key-level/" target="_blank" rel="noreferrer noopener">Polkadot (DOT) Teeters ‘On the Cusp of a Breakout’: Can It Surpass Resistance at this Key Level?</a></li> 
 <li><a href="https://captainaltcoin.com/ethereum-finally-strengthening-analyst-reveals-when-eth-will-start-to-surge-amid-favorable-price-action/" target="_blank" rel="noreferrer noopener">Ethereum Finally Strengthening, Analyst Reveals When ETH Will Start to Surge Amid Favorable Price Action</a></li> 
 <li><a href="https://captainaltcoin.com/bespoke-crypto-streaming-platform-deestream-dst-takes-further-tether-usdt-polkadot-dot-investment-as-30x-capable/" target="_blank" rel="noreferrer noopener">Bespoke Crypto Streaming Platform Deestream (DST) Takes Further Tether (USDT) &amp; Polkadot (DOT) Investment As 30x Capable</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/render-token-rndr-price-surges-as-whales-cash-out-big-time-but-theres-a-catch/">Render Token (RNDR) Price Surges as Whales Cash Out Big Time – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Render Token (RNDR) Price Surges as Whales Cash Out Big Time – But There’s a Catch

Table of Contents

CaptainAltcoin

Other articles published on Feb 16, 2024

Could This New Crypto be the Next Bonk or Pepe After Raising $2.2m?

Bitcoin Price To Hit $301K Before Halving, Analyst Predicts

Solana Faces Brief Correction as Bullish Momentum Starts Fading

Play-to-Earn Crypto Meme Kombat Prepares for DEX Listing

Banks petition SEC for crypto custodianship role amid Bitcoin ETF surge

Elon Musk's OpenAI Tweet Sparks Crypto Community's Excited Response

Join our free newsletter for daily crypto updates!