Bitcoin

Render Price Prediction: RNDR drops 4% as world’s first AR/VR cryptocurrency pre-sale costs reach $6 million

adminMay 14, 2024

join us telegram A channel to stay up to date on breaking news coverage

Render prices have fallen 4% over the past 24 hours, trading at $10.84 as of 4:43 a.m. ET.

However, there are signs of recovery, with trading volume increasing by 27%. CoinGecko data shows that peers in the AI ​​sector, including Internet Computer (ICP), Arkham (ARKM), and Nosana (NOS), are already rallying.

The surge seen in the AI ​​cryptocurrency sector came after Apple signed a deal to use OpenAI’s technology in its new iPhone, Bloomberg reported.

The deal is part of a broader plan to introduce artificial intelligence features to Apple devices. There will be a more specific announcement about how artificial intelligence will affect the brand.

Such an announcement could coincide with the launch of iOS 18, which is expected to take place on the first day of the Worldwide Developers Conference on June 10.

Traders are optimistic about render prices, with some suggesting the 4% plunge is part of a healthy correction.

“Generative AI is going to grow exponentially for some time,” said @Rendoshi1, referring to the burgeoning “new era of computing.”

Render Price Predictions

Render prices are trading with a bullish bias despite a 4% decline on Monday. RNDR has maintained consistently high highs since early May amid growing bullish sentiment. Evidence of this is the rising Relative Strength Index (RSI), which indicates rising buyer momentum.

The Smooth Moving Average (SMMA) also offers downward support at $10.05, providing a point for the RNDR bull to regain buying power. It’s also a good entry point for a sideline or late-round bull. Additionally, the size of the AO (Awesome Oscillator) histogram bars is increasing, reinforcing the bullish sentiment regarding render prices.

An increase in buying pressure above current levels could push the render price to close the decisive candlestick above the 61.8% Fibonacci retracement level of $10.92. This move could lead to more buy orders, potentially sending RNDR price towards $12.21, the 78.6% Fibonacci retracement level.

In a very optimistic case, gains could extend to allow the AI ​​token’s market value to retrace its all-time high of $13.86, a level last seen on March 17. Such a move would result in an increase of nearly 25% from current levels.

render price

GeckoTerminal: RNDR/USD 1-day chart

converse case

Conversely, if RNDR weakness gets its way, render prices could succumb to selling pressure. This could see the render price fall below the level of around $10.02, which is the support confluence between the 50% Fibonacci placeholder and SMMA.

If seller momentum strengthens enough to push the render price below the 38.2% Fibonacci placeholder of $9.11, the bullish argument will be invalidated. In effect, this means that the altcoin price is out of the golden zone. In a severe case, the RNDR token price could roll over to $7.98, which is the 23.6% Fibonacci retracement level.

Meanwhile, 5SCAPE is attracting attention as the pre-sale cost of the world’s first AR/VR cryptocurrency reaches $6 million. Oscar Ramos, a popular cryptocurrency YouTuber with over 80,000 subscribers, says the project meets all the requirements for pre-sale investment.

A promising alternative to render tokens

5SCAPE is the default cryptocurrency for the 5th Scape ecosystem. It calls itself: Described on its official website as “the world’s first AR and VR ecosystem connecting the smartest people,” it is the gateway to the next decade of innovation.

5th Scape will be a game changer in the VR and AR space, ushering in a new era for this technology. To implement this revolution, we plan to use the Cage Conquest MMA game model, currently in beta.

VR games are the core of the project, but there are plans to showcase other forms of content, including education, social applications, and creative tools.

5SCAPE, the ticker of the 5th Scape project, is a utility token within the ecosystem. This gives token holders unlimited access to premium VR content, voting rights, and potential staking opportunities. In addition to tickets, other use cases for 5SCAPE include:

  • Provides access: Holders have exclusive access to games, experiences and features within the platform.
  • Play to Earn (P2E) feature: Players can earn incentives with tradable 5SCAPE tokens upon listing.
  • Staking feature: Provided that the project plans to provide a staking mechanism.

BUY 5SCAPE IN PRE-SALE

The price of 5SCAPE tokens is $0.00327 each. The listing price is fixed at $0.01, which means investors can make a profit of almost 206% by buying now.

5th scenery

With a 15% price increase expected soon, interested investors should act quickly to secure the best deal.

Visit 5SCAPE here to purchase.

Also read:

SMOG – Meme Coin with Rewards

smog tokensmog token
  • Airdrop Season 1 Live Starts
  • Earn XP to Win $1 Million in Stake
  • Cointelegraph Special
  • Staking Rewards – 42% APY
  • 10% OTC discount – smogtoken.com

smog tokensmog token


join us telegram A channel to stay up to date on breaking news coverage

adminMay 14, 2024

Related Articles

How can I send Bitcoin to an address without a third-party app?

May 26, 2024

Dogecoin Price Prediction: DOGE Plunges 9% As Analysts Say They Consider This Competitor With 588% APY That Could Be 100X.

March 7, 2024

Wallet – Real-world security implications of an exposed 24-word seed phrase containing “spaces”

April 6, 2024

Cat In A Dogs World Price Prediction: MEW Soars 31% But Traders Turn To Solana Airdrop Giant.

April 25, 2024
Back to top button