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Bull Season Price Targets Series: Requests from Followers - $RENDER - #Render
Last Update: 2024-12-22 UTC
$RENDER
#Render
⭐Tokenomics
Market Cap (MC): $3.74B
Fully Diluted Valuation (FDV): $4.65B
Total Supply: 532.45M RENDER
Max Supply: 644.16M RENDER
Supply in Circulation: 517.69M RENDER - 80.36% of Max Supply
👉Token Unlocks
No big amount of new tokens from now on. During the coming months, just 0.04% - 0.09% of the total supply will be unlocked regularly every month until December 2030.
Unlock Schedule
Upcoming Unlock Events
👀Inflation
Market Cap Change
Price Change
(T0) 2024-03-21
MC: ~$4.47B
Price: ~11.69 USDT
(T1) 2024-12-22
MC: ~$3.76B
Price: ~7.27 USDT
(T1) - (T0)
MC Change: ~ -16%
Price Change: ~ -38%
What Should the Price Be If There Was No Token Inflation During This Period (That is, if there was no increase in supply)?
~9.82 USDT
Not too bad compared to other coins/tokens.
👀Since there is no time/time series analysis in target price studies, try to reflect the inflation difference in the period in which you are looking at the relevant prices.
⭐Correlation with $BTC / Category Major(s)
Does the coin/token correlate with BTC during BTC uptrends and downtrends?
We can say that it shows a good positive correlation.
💰BTC Pair
The BTC pair is looking good. We see that it is still in the accumulation range against BTC and even in the Discount region of this range. This indicates that although the USDT pair is out of accumulation, there may be a larger potential multiplier in the altcoin season, where we expect altcoins to appreciate more against BTC.
Lower red box region should be followed for a new expansion against BTC where I expect significant moves to begin above this level.
⭐Price Analysis
👉Recent Period
After RENDER exited the accumulation range, it gained approximately x2 compared to the range bottom, then with the general decline experienced in the market, it settled at a 50% correction level (above the accumulation range).
The area where the correction received a reaction is exactly the Golden Ratio (FIB 61.8%) and it is a nice level. This level may be suitable for a return.
If the market in general experiences a deeper correction, it can be expected to fall to the levels I marked below, but the price at that level should still remain as a wick and recover quickly.
💵Price Targets
👉The medium-term outlook looks quite positive, it looks finished accumulation and currently retesting after making an expansion. After this stage, it seems like it is approaching a new expansion movement.
👉Low and controlled inflation in the long term also provides good support.
👉The weekly candlestick in the analysis looks good at the moment, but if the price enters the accumulation range (grey box) again and stays below 6.71, this expectation will be invalid (at least for a while) and should be re-evaluated.
💥CautionsNevertheless, remember that during the hottest times of the bull season, very great levels can be reached with #FOMO, but these levels cannot be maintained for long and very sharp corrections are experienced (try to understand by looking at old bull peaks). Manage your risk with these in mind and wait for healthy corrections without increasing your purchases in expensive areas.
My posts are only technical and fundamental comments of mine and express my conclusions based on my own experience.
Since there is no time/time series analysis in target price studies, there is no answer to the questions "When?" or "What will the price be on this date?"
Sharing/analyzing a coin/token does not mean that I like or dislike it, think it will be successful or unsuccessful, support it or not, invest/trade or stay away from it. I analyze it in line with requests and share my individual opinions.
None of my posts or comments are within the scope of investment/financial consultancy and should definitely not be understood in this sense.
You should manage your risk by considering your own financial situation for your investments and trades, do your own research and then take action (DYOR). If necessary, you can even request professional support from authorized persons and institutions to provide consultancy.
👋Hey!Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊Bull Season Price Targets Series: Requests from Followers - INDEX
$RENDER
#Render
⭐Tokenomics
Market Cap (MC): $3.74B
Fully Diluted Valuation (FDV): $4.65B
Total Supply: 532.45M RENDER
Max Supply: 644.16M RENDER
Supply in Circulation: 517.69M RENDER - 80.36% of Max Supply
👉Token Unlocks
No big amount of new tokens from now on. During the coming months, just 0.04% - 0.09% of the total supply will be unlocked regularly every month until December 2030.
Unlock Schedule
Upcoming Unlock Events
👀Inflation
Market Cap Change
Price Change
(T0) 2024-03-21
MC: ~$4.47B
Price: ~11.69 USDT
(T1) 2024-12-22
MC: ~$3.76B
Price: ~7.27 USDT
(T1) - (T0)
MC Change: ~ -16%
Price Change: ~ -38%
What Should the Price Be If There Was No Token Inflation During This Period (That is, if there was no increase in supply)?
~9.82 USDT
Not too bad compared to other coins/tokens.
👀Since there is no time/time series analysis in target price studies, try to reflect the inflation difference in the period in which you are looking at the relevant prices.
⭐Correlation with $BTC / Category Major(s)
Does the coin/token correlate with BTC during BTC uptrends and downtrends?
We can say that it shows a good positive correlation.
💰BTC Pair
The BTC pair is looking good. We see that it is still in the accumulation range against BTC and even in the Discount region of this range. This indicates that although the USDT pair is out of accumulation, there may be a larger potential multiplier in the altcoin season, where we expect altcoins to appreciate more against BTC.
Lower red box region should be followed for a new expansion against BTC where I expect significant moves to begin above this level.
⭐Price Analysis
👉Recent Period
After RENDER exited the accumulation range, it gained approximately x2 compared to the range bottom, then with the general decline experienced in the market, it settled at a 50% correction level (above the accumulation range).
The area where the correction received a reaction is exactly the Golden Ratio (FIB 61.8%) and it is a nice level. This level may be suitable for a return.
If the market in general experiences a deeper correction, it can be expected to fall to the levels I marked below, but the price at that level should still remain as a wick and recover quickly.
💵Price Targets
👉The medium-term outlook looks quite positive, it looks finished accumulation and currently retesting after making an expansion. After this stage, it seems like it is approaching a new expansion movement.
👉Low and controlled inflation in the long term also provides good support.
👉The weekly candlestick in the analysis looks good at the moment, but if the price enters the accumulation range (grey box) again and stays below 6.71, this expectation will be invalid (at least for a while) and should be re-evaluated.
💥CautionsNevertheless, remember that during the hottest times of the bull season, very great levels can be reached with #FOMO, but these levels cannot be maintained for long and very sharp corrections are experienced (try to understand by looking at old bull peaks). Manage your risk with these in mind and wait for healthy corrections without increasing your purchases in expensive areas.
My posts are only technical and fundamental comments of mine and express my conclusions based on my own experience.
Since there is no time/time series analysis in target price studies, there is no answer to the questions "When?" or "What will the price be on this date?"
Sharing/analyzing a coin/token does not mean that I like or dislike it, think it will be successful or unsuccessful, support it or not, invest/trade or stay away from it. I analyze it in line with requests and share my individual opinions.
None of my posts or comments are within the scope of investment/financial consultancy and should definitely not be understood in this sense.
You should manage your risk by considering your own financial situation for your investments and trades, do your own research and then take action (DYOR). If necessary, you can even request professional support from authorized persons and institutions to provide consultancy.
👋Hey!Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! 👊Bull Season Price Targets Series: Requests from Followers - INDEX
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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