{"id":462333,"date":"2023-12-01T15:29:41","date_gmt":"2023-12-01T15:29:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462333"},"modified":"2023-12-01T15:29:41","modified_gmt":"2023-12-01T15:29:41","slug":"render-price-prediction-rndr-coin-pumps-8-as-investors-rush-to-buy-this-bitcoin-derivative-with-only-hours-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/render-price-prediction-rndr-coin-pumps-8-as-investors-rush-to-buy-this-bitcoin-derivative-with-only-hours-left","title":{"rendered":"Render Price Prediction: RNDR Coin Pumps 8% As Investors Rush To Buy This Bitcoin Derivative With Only Hours Left"},"content":{"rendered":"<p>Render price is up 8% in the last 24 hours to trade for $3.518 as of 3:20 AM EST, with a trading volume surge of 35%.<\/p>\n<p>AI tokens, including Render, have been recording a surge in trading volume since mid-October, according to analysis by research firm Kaiko.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trade volume for AI-related tokens has surged since the middle of October, led by <a href=\"https:\/\/twitter.com\/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RNDR<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WLD<\/a>, and <a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FET<\/a>. <a href=\"https:\/\/t.co\/iuR2nMIwsY\">pic.twitter.com\/iuR2nMIwsY<\/a><\/p>\n<p>&mdash; Kaiko (@KaikoData) <a href=\"https:\/\/twitter.com\/KaikoData\/status\/1729481515740873060?ref_src=twsrc%5Etfw\">November 28, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Render token bears multiple use cases, with the potential to render graphics for the metaverses to come, and perhaps much of the internet.<\/p>\n<h2>Ethereum Founder Vitalik Buterin Concerned Over AI<\/h2>\n<p>In the wave of the AI mania, Ethereum founder Vitalik Buterin raised concerns over the potential dangers of AI through a blog post titled &ldquo;My Techno-Optimism.&rdquo; In the post, Buterin detailed the unique risks that come with AI, including its potential to evolve into a form of intelligence whose interests misalign with those of humans.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New monster post: my own current perspective on the recent debates around techno-optimism, AI risks, and ways to avoid extreme centralization in the 21st century.<a href=\"https:\/\/t.co\/6lN2fLBUUL\">https:\/\/t.co\/6lN2fLBUUL<\/a> <a href=\"https:\/\/t.co\/h5aIyFNCoh\">pic.twitter.com\/h5aIyFNCoh<\/a><\/p>\n<p>&mdash; vitalik.eth (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1729251808936362327?ref_src=twsrc%5Etfw\">November 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Render Token Price Outlook As RNDR Trades Within A Supply Zone<\/h2>\n<p>Investors continue to demonstrate optimism for Render token price, with some anticipating an extended leap to $3.60.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Seems like <a href=\"https:\/\/twitter.com\/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RNDR<\/a> had an amazing uptrend today with a spike that almost reached $3,50.<\/p>\n<p>Let's see if Asia wakes up bullish and buys <a href=\"https:\/\/twitter.com\/hashtag\/RNDR?src=hash&amp;ref_src=twsrc%5Etfw\">#RNDR<\/a> to keep the uptrend going.<\/p>\n<p>I have a feeling $3,60 will be crushed tomorrow. <a href=\"https:\/\/t.co\/CIB9lVL2w5\">pic.twitter.com\/CIB9lVL2w5<\/a><\/p>\n<p>&mdash; D0c Crypto &#11093;&#65039; (@TheRealD0c) <a href=\"https:\/\/twitter.com\/TheRealD0c\/status\/1730344244718518317?ref_src=twsrc%5Etfw\">November 30, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is likely, considering the Relative Strength Index (RSI) momentum indicator is yet to cross below 70. Similarly, the Awesome Oscillator (AO) indicators are high up in the positive territory. Its histogram bars are green, recording huge volumes. This shows the bulls have established a strong presence in the RNDR market.<\/p>\n<p>Render price is trading within a supply zone extending from $3.158 to $3.725. Increased buying pressure could see Render price extend, breaking past the midline of this order block at $3.451. A break and close above this level would confirm the continuation of the trend, confirming that awaited $3.600 tag.<\/p>\n<p>Further north, Render price could flip the supply zone into a bullish breaker. This will be confirmed by a foray that tags the $4.150 resistance level. In a highly bullish case, the gains could extrapolate for RNDR market value to tag $4.607, a move that would constitute a 30% climb above current levels.<\/p>\n<figure id=\"attachment_462334\" aria-describedby=\"caption-attachment-462334\" style=\"width: 1265px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16.png\"><img decoding=\"async\" class=\"wp-image-462334 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16.png\" alt=\"Render price\" width=\"1265\" height=\"543\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16.png 1265w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16-1024x440.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/RNDRUSDT_2023-12-01_10-02-16-768x330.png 768w\" sizes=\"(max-width: 1265px) 100vw, 1265px\"><\/a><figcaption id=\"caption-attachment-462334\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/x\/wyZ8AYJ9\/\" target=\"_blank\" rel=\"noopener\">TradingView: RNDR\/USDT 3-day chart<\/a><\/figcaption><\/figure>\n<h4>Converse Case<\/h4>\n<p>On the flip side, if the midline of the supply zone fails to hold as a support level at $3.451, Render price could steadily move below the supply zone. With this supply barrier imposing overhead pressure on RNDR, Render price could descend to the $2.825 support level, or lower, testing the 2.238 support level.<\/p>\n<p>In the dire case, the slump could extend below the ascending trendline. This would invalidate the bullish outlook and expose Render price to tag the $1.000 psychological level. Such a move would constitute a 70% fall below current levels.<\/p>\n<p>However, even as Render price continues to tread within a supply zone, forward-looking investors have better and more promising alternatives. Among them, <a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin ETF Token<\/a>, the only project that is rewarding token holders when spot BTC exchange-traded products are approved.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Describing <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a>: not just an anticipation for the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&amp;ref_src=twsrc%5Etfw\">#ETF<\/a> surge, but a utility <a href=\"https:\/\/twitter.com\/hashtag\/Token?src=hash&amp;ref_src=twsrc%5Etfw\">#Token<\/a>! &#128640; <\/p>\n<p>A quarter of the supply is set for incentives, promoting network strength. <\/p>\n<p>Stay tuned for details on the platform for full transparency! <a href=\"https:\/\/t.co\/loXeh8JyMQ\">pic.twitter.com\/loXeh8JyMQ<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1728790795648381367?ref_src=twsrc%5Etfw\">November 26, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Promising Alternative To Render<\/h2>\n<p>Bitcoin ETF Token, standing among the <a href=\"https:\/\/insidebitcoins.com\/news\/5-best-crypto-icos-to-buy-in-2023-next-altcoins-set-to-explode\" target=\"_blank\" rel=\"noopener\">best crypto ICOs to buy in 2023<\/a>, is a new project in the market that front-runs the spot BTC ETF hype. Ahead of what experts say is imminent approvals, the project continues to thrive, giving investors a chance to get in early.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Senior <a href=\"https:\/\/twitter.com\/hashtag\/Bloomberg?src=hash&amp;ref_src=twsrc%5Etfw\">#Bloomberg<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&amp;ref_src=twsrc%5Etfw\">#ETF<\/a> Analyst Eric Balchunas reiterates the potential for a spot <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> approval before January 10, 2024.<\/p>\n<p>Considering the expected spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF approval, how do you believe it will influence community sentiment and market dynamics within the&hellip;<\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1729894776944681049?ref_src=twsrc%5Etfw\">November 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Its powering token, <a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" target=\"_blank\" rel=\"noopener nofollow\">BTCETF<\/a>, is selling for only $0.006 in the sixth stage of the presale, a price tag that will endure for the next 18 hours. Hurry and <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/how-to-buy-bitcoin-etf-token\" target=\"_blank\" rel=\"noopener\">buy BTCETF<\/a> in the current stage for early entrant discounts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> Stage 6 has officially started! &#127881; <a href=\"https:\/\/t.co\/3fdtIR4TyK\">pic.twitter.com\/3fdtIR4TyK<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1729470623225712760?ref_src=twsrc%5Etfw\">November 28, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>So far, presale collections have reached over $2.107 million, out of the set target of $2.498 million.<\/p>\n<p><iframe title=\"BTC ETF Token Raises $2,000,000 (Best Crypto to Buy Now?!)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/5U1QMqQ5_2Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The project has also implemented a burn tax, set at 5% for every transaction, intended to reduce the supply of BTCETF tokens over time. With reduced supply, demand should go up along with the price, based on supply and demand dynamics.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> incorporates a 5% burn tax on every transaction, leading to a gradual reduction in the <a href=\"https:\/\/twitter.com\/hashtag\/Token?src=hash&amp;ref_src=twsrc%5Etfw\">#Token<\/a> supply as time progresses.<\/p>\n<p>The plan is to burn 25% of the tokens as specific milestones are achieved aiming to alleviate selling pressure. &#128640; <a href=\"https:\/\/t.co\/odZwrPDn0D\">pic.twitter.com\/odZwrPDn0D<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1729062571125149702?ref_src=twsrc%5Etfw\">November 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Go to the Bitcoin ETF Token website to buy BTCETF in the presale <a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" target=\"_blank\" rel=\"noopener nofollow\">here<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/3-best-crypto-presales-to-buy-in-2023-new-cryptos-launching-soon\">3 Best Crypto Presales to Buy in 2023 &ndash; New Cryptos Launching Soon<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/5-best-crypto-icos-to-buy-in-2023-next-altcoins-set-to-explode\">5 Best Crypto ICOs To Buy In 2023 &ndash; Next Altcoins Set To Explode<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-bitcoin-etf-token-on-presale-alessandro-de-crypto-video-review\">How To Buy Bitcoin ETF Token On Presale &ndash; Alessandro De Crypto Video Review<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-5-altcoins-to-buy-for-high-returns-in-november-2023-next-10x-potential-cryptos\">Top 5 Altcoins to Buy for High Returns in 2023 &ndash; Next 10X Potential Cryptos<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/cilinix-crypto-provides-update-on-new-bitcoin-etf-inspired-crypto-ico-should-you-still-buy-btcetf\">Cilinix Crypto Provides Update on New Bitcoin ETF-Inspired Crypto ICO &ndash; Should You Still Buy $BTCETF?<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - 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