Is Bitcoin going to tap 100k today? $BTC
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Is Bitcoin going to tap 100k today? $BTC
BREAKING: The 🇺🇸 US inflation rises to 2.6%
The markets immediate reaction has been: Dollar falls, crypto & stocks rise...
Anyways, take a look at this picture of the $BTC stock-to-flow + US elections chart below...
Do you see where we are in the history cycle? 👀 👀🚀🚀😃😃
Can Cronos $CRO become the backbone of Web3?
With recent gains and Google Cloud’s support as a validator, Cronos is proving itself as a blockchain to watch.
From a fast, low-cost foundation to its ecosystem of dApps and DeFi tools, Cronos aims to transform blockchain accessibility.
Read our latest report for a full overview of what the future holds for Cronos 👉HERE
What Is Render Token (RNDR)? Democratising GPU Rendering for All
$RNDR is the utility token of the Render Network, a decentralised platform providing GPU-based rendering solutions for animation, VFX, and generative AI. As an ERC-20 token, RNDR facilitates payments on the network, connecting three core participants: creators, node operators, and OctaneRender. Creators gain access to powerful GPU rendering, while node operators rent out their GPU power in exchange for RNDR tokens. The network’s vision? To democratise high-end GPU compute, unleashing creativity beyond local hardware limits. The non-profit Render Network Foundation leads this mission, advancing the open-source protocol and supporting the community with grants and collaboration initiatives.
Hidden Bullish Divergence & Rising Momentum
Render Token’s recent rally aligns with a hidden bullish divergence spotted in late October. This technical pattern indicates that upward momentum is building even if price action seemed flat before. With the $12.30 target in sight, $RNDR aims for a potential recovery. It’s impressive to see such a strong performance. As of writing, RENDER is trading at $7.1, up 38% in the last week. The consistent buying pressure is a clear sign that traders are expecting even more gains ahead. RENDER’s rapid growth has pushed its market rank higher, surpassing several well-established coins. This is not just a price rally; it might be a narrative shift. Could this be the start of a new market favourite?
Fibonacci Levels & Updated Price Trajectories for Render Token
$RNDR is currently trading at $7.130, showing steady progress but facing resistance. The 0.786 Fibonacci level at $6.24 held strong as support, aligning closely with the $6.75 resistance, which has now become a key pivot zone. With a current RSI at 58, momentum is neutral to slightly bullish, suggesting room for a continued upward move if buying pressure increases.
A breakout above $7.20 could act as confirmation, opening up higher targets at $8.49, $11.20, and potentially $15.58 based on Fibonacci extensions. These levels are grounded in historical price action and reflect key psychological zones. However, caution is warranted, as broader market conditions could influence the next leg. Traders should watch for sustained volume and RSI climbing above 60 to validate the bullish scenario.
The technical framework suggests a strong upside if the token can maintain momentum above current levels. Will RENDER push through and reach new highs? The coming days will be crucial
On-Chain Metrics: Mixed Signals but Bullish Lean
On-chain data for $RNDR shows a complex picture: while the Net Network Growth has declined slightly, the “In the Money” metric reveals that nearly 4% of holders are in profit. This suggests that more investors are likely to hold their positions, anticipating further gains. Large transactions have dipped by 4.9%, hinting at caution among major holders. However, the high NVT ratio of 2145.55 indicates speculative interest, often seen before price rallies. It’s a mixed bag, but the overall sentiment leans bullish as more holders find themselves in profitable positions. This could enhance holding sentiment and reduce selling pressure. Is this a signal for more upside ahead? The data suggests there’s room for optimism.
Render Network’s Distributed GPU Power
The Render Network is setting itself apart with its unique distributed GPU rendering capabilities. Render uses a decentralised network of high-performance GPUs for lightning-fast rendering. This approach allows real-time distribution of tasks across hundreds of nodes, significantly speeding up the process. It’s a game-changer for creators, offering unparalleled speeds compared to local workstations. The recent addition of AI integration, including support for Stable Diffusion, further showcases the platform’s innovation. $RNDR is not just a token; it’s a powerhouse for scalable, decentralised computing. With such strong fundamentals, the future looks bright for both the token and its utility.
Leveraging Consumer GPU Compute: A New Era for AI & DePIN Networks?
This week, the Render Network’s founder Jules Urbach joined Casey Caruso and Sam Hogan at Permissionless III to explore the future of decentralised physical infrastructure networks (DePIN). The panel highlighted how networks like $RNDR can tap into latent consumer GPU power, utilising it for advanced AI inference tasks. Instead of relying solely on traditional data centres, DePIN networks aim to democratise access to GPU resources, enabling scalable and cost-effective AI processing. This approach could revolutionise AI deployment, reducing costs and increasing speed for real-time applications. As the demand for AI grows, Render's strategy of harnessing decentralised compute power sets it apart.