This coin is intriguing. Especially because of its apparent relationship to #iPhone . My problem is the market cap, $4b seems large. It’s already up 1000% in the last year, trading at it’s ATH, and seems like we have already missed the trade for this cycle.
Alternatively, if this coin is partnered with #Apple and Apple plans to invest in this coin’s technology, that alone would raise the value. Couple that together with the amount of hype a coin partnered with Apple would receive from retail investors and we could see more parabolic raises in price.
RNDR’s rise reminds me of ADA’s rise in the last cycle. If investors would have pulled profits at $1.50 ADA, they would have missed out on the peak around $4. I still think there’s plenty of room to grow for RNDR, I just wish I got in sooner. My RNDR price target is $87 during peak altcoin season. And I think it may be one of the best performing coins of this upcoming week. If bitcoin pumps this week, expect layer 1’s and large caps to follow. If bitcoin dumps, I will be buying RNDR at cheaper prices.
This post is an opinion only and may not be used as financial advice.
Disclaimer: I do not own any RNDR currently.