Rendering Price Prediction: RNDR Pumps 40% in One Week with OpenAI Sora Effect, But Traders Still Flock to This Other ICO for 100X Profits.

adminFebruary 20, 2024

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Render prices rose 40% last week. Deal for $6.19 As of 9 a.m. EST, trading volume had surged 12% to $256 million.

RNDR, sometimes called the Nvidia of cryptocurrency due to its focus on graphics processing units (GPUs), is one of a number of projects that could benefit from anticipation for the launch of Sam Altman’s OpenAI of Sora, a new AI tool to translate text. . By video.

GPUs are essential semiconductor devices for powering artificial intelligence (AI) solutions, and Render aims to become a major player in the industry by providing distributed GPUs to blockchain.

Bro, I need to research render tokens (#RNDR)! Distributed GPU for AI, metaverse rendering, gaming, VR/AI +++ video mechanisms! – “NVIDIA” of cryptocurrency!
— Marc Weichenthal (@MarcWeichenthal) February 17, 2024

Rendering price split higher than bullish pennant

render price

RNDRUSDT Analysis by Tradingview

Bulls showed momentum pushing the price higher with bullish momentum based on the $1.808 support zone.

The rejection of $5.22 created a bullish pennant pattern, signifying a continuation of the bullish trend and confirming a bullish rally ahead. However, the bulls showed resilience and took the price to the $2.19 support level, pushing the render price above the pennant.

The price trades above the 50-day and 200-day simple moving average (SMA). Moreover, the moving average crossover at $1.93 confirms the bullish outlook.

The relative strength index (RSI) is trending upward beyond the overbought area of 70, indicating strong buying pressure.

MACD has a blue moving average line that crosses the orange signal line above the midline. Also confirming the bullish trajectory, the histogram bars are positive and trading above neutral levels.

The render price could hit a new high of $7.22.

With the render price breaking above the bullish pennant, the bulls are likely to hit a new high of $7.22.

In the opposite scenario, if bears intervene, they could push the price downwards to find support at $5.32, which coincides with the upper border of the pennant.

While render prices continue to soar, many investors are expecting Sponge V2 to repeat the 100x profit it achieved last year.

Sponge V2: A Promising Opportunity to Earn 100X Profits

Sponge V2 It recently appeared on the cryptocurrency scene, succeeding its predecessor, Sponge V1. If you missed out on 100X returns last year, you can get the same chance again with Sponge V2.

After a malicious attack on its liquidity pool, the project switched to the Polygon chain with Sponge V1 being taken down earlier this month.

Interesting news, #Sponger! 🌟🧽🧽#SpongeV2 It’s live now! To purchase and stake, visit our website. $sponge V2.
Check it out below! 👇https://t.co/nFOSl1ZCD9#memecoin #web3 #Cryptocurrency #altcoin #Crypto Staking pic.twitter.com/T4DCAKhcxF
— $SPONGE (@spongeoneth) February 6, 2024

Attractive staking opportunities and new racing games

By staking SPONGE V2, investors can At Polygon, we’ve achieved impressive Annual Percentage Yields (APY) of up to 1,003%. More than 8.4 billion tokens have already been staked.

The team will also soon release a new Play-to-Earn (P2E) racing game. Both free and paid versions are available where players participate in races for a chance to win token rewards.

Crypto analyst Jacob Bury cites these features and the potential for new listings on major exchanges as key reasons why he believes Sponge V2 has 100x potential upon launch.

To purchase SpongeV2, visit the official site. SpongeV2 website Connect your digital wallet to exchange ETH or USDT for V2 tokens. You can also make purchases using your bank card.

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