RNDR will be renamed Render, and Fet will also be transformed into Asi.

To put it nicely, it is a conversion upgrade, but to put it bluntly, it is just a matter of shorting.

Let's take a deeper look at the logic behind it.

Imagine that you have just purchased a call option or a long-term long contract on Rndr, and then received a notification about the upcoming brand conversion, informing you that your position will be liquidated in half a month.

Originally, your plan might be to increase your position when the price of Rndr falls to a certain low point (such as 6), and expect its price to rise to a higher point (such as 9). However, this sudden brand conversion notification will disrupt your plan. Once the price falls to the point where you set to increase your position, due to the approaching liquidation, you may not be able to wait for the price to rise to the expected high point, but need to close the position in advance.

Faced with this situation, most investors may choose to abandon their original plans and sell their positions directly. If most people take this action, the prices of these coins may face downward pressure before the brand conversion.

To verify this, you can review the market trends of brands such as Agix, Ocean, and Fet before similar conversions. By observing these cases, you can more clearly understand the impact of such brand conversions on investors and the market.

In addition, it is worth mentioning that if Binance simply delists a currency because of its low trading volume, this may be a reasonable business decision. But if Binance frequently facilitates such developers and supports them in brand conversion, and as a result, users suffer losses, then this will undoubtedly damage its reputation and cause dissatisfaction among investors.

In fact, five similar brand reshaping incidents have occurred in the past month, which has raised concerns about market stability and investor rights.

$RNDR #RNDR: #美联储何时降息？ #美国大选如何影响加密产业？