Render Price Prediction As RNDR Plunges 6% And Investors Flock To This New AI Meme Coin For Parab...
The Render price plunged over 6% in the last 24 hours to trade at $10.53 as of 12:25 a.m. EST as investors offload their holdings in the altcoin.
The RNDR price drop was enough to pull its weekly performance into the red zone as well, but it’s still up more than 16% over the past month.
The Render Price Testing Crucial Support
4-hour chart for RNDR/USD (Source: GeckoTerminal)
The Render price plummeted out of a bullish channel that had emerged on its charts over the past 48 hours. This was after the altcoin was rejected by the $11.55 resistance throughout the past day of trading.
Following the rejection, RNDR broke below the $10.90 support and is now testing the next key mark at $10.33. If bears continue to exert pressure on the crypto, the Render price could be at risk of falling to as low as $9.70 in the short term.
However, RNDR maintaining a position above $10.33 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, traders could identify the Render price’s current level as a buy entry.
With this potential buy volume, RNDR might attempt to reclaim the $10.90 support. A 4-hour candle close above this threshold could then give the altcoin the technical foundation needed to keep climbing. RNDR might rise to $11.55 as a result.
Technicals Warn Of A Continued Render Price Drop
Technical indicators on RNDR’s 4-hour chart suggest the crypto could fall some more in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
Over the past 12 hours, the MACD line crossed below the MACD Signal line. Traders usually identify this technical occurrence as an indication that a crypto has entered a negative phase. If the MACD line starts to break away below the Signal line, the Render price might lose the $10.33 support level soon.
Meanwhile, the RSI shows that sellers have gained the upper hand against buyers. This is after the RSI’s value dropped substantially throughout the past day of trading.
Given its current value below 50, it seems bears are stronger than bulls. Should they capitalize on this advantage, sellers could pull RNDR down further in the short term.
While the Render price remains at the mercy of sellers, the same can’t be said for WienerAI, which is going ballistic in presale as it closes on $3 million raised.
An Advanced AI Trading Companion
WienerAI (WAI) is unlike many other canine-themed meme coins because it is backed by powerful AI technology. It also offers real world utility by acting as a sophisticated and loyal trading companion for traders.
Backed by cutting-edge AI models, WienerAI can help its users make more informed investment and trading decisions. Users will also be able to interact with the predictive AI models through an easy-to-use user interface.
With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI could be a 100X speculative opportunity.
WienerAI token holders also can take advantage of seamless swap capabilities offered through Sausage Swaps, and will gain access to MEV protection, ensuring they never get front run by a MEV bot again.
All of these features come with zero fees as well.
Investors Rushing To Buy WAI
Buyers may also be flocking to the meme coin’s ICO for its lucrative staking opportunity.
Anyone who purchases WAI at this early stage will be eligible for a 375% APY. With more than 2.7 million tokens already locked up, it’s fair to say that many have already booked their slot.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Anyone who wants to exposure to WAI can do so through the project’s official website. Embedded on the home page is a simple buy widget, which can be used to purchase WAI.
Currently selling for $0.000709, WAI can be bought using either ETH, USDT, BNB or bank card. Investors will want to hurry, because the meme coin’s price is set to increase imminently.
Purchase and stake WAI tokens here for a 375% APY.
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There could be two main reasons why Ether (ETH) has barely moved in price despite the landmark approval of spot Ether exchange-traded funds (ETF) in the United States.
On May 23, the Securities and Exchange Commission approved eight spot Ether ETFs to be listed on their respective exchanges. Ether fell 3.4% just before the news, recovering by around 5% shortly after, and is currently trading at $3,806.
Crypto commentator Zach Rynes argues that the lack of movement reflects the notion that “everyone who wanted to buy the approval already did.”
Ether had already surged 29% over the past week after reports suggested the SEC may have pivoted its stance toward ETF approvals.
Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared for launch, as that will also require an approved S-1 filing — a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer.
VanEck has just sent its amended S-1 filing to the SEC and analysts have been saying could take weeks to months for the re S-1 approvals.
Source: Gabriel Shapir0
Rynes believes the next major price force for Ether will be ETF inflows once they begin trading.
“ETFs haven’t actually launched yet, so net new capital inflow is still to come,” Rynes wrote, with crypto research firm Second Mountain echoing a similar sentiment.
“Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 X post just before the SEC approved the ETFs.
However, some say it might not immediately lead to an upward trend.
Bitcoin’s price dropped 15% after spot Bitcoin ETFs were approved for trading on Jan. 10. According to CoinMarketCap data, it took 30 days for the price to spike 30% to $51,870.
Related: Ether surges 18% amid new hope for spot Ether ETF approvals
There are also lingering concerns that Grayscale’s announcement of its plans to convert its Grayscale Ethereum Trust (ETHE) into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust (GBTC) after the approval of spot Bitcoin ETFs in January.
“Grayscale also re-filed the ETHE registration they'd withdrawn. Remember GBTC outflows? Now it's $11B+ ETH that’s been trapped for 7 years,” pseudonymous crypto trader Rho Rider warned in a May 23 X post.
Since spot Bitcoin ETFs started trading on Jan. 11, GBTC has shed a total of $17.6 billion in assets, per Farside data.
Relax, Ether is undervalued, say maxis
“ETH is stupidly undervalued,” added independent Ethereum educator Sassal, arguing that the market has had only three days to “price in the ETF approval.”
Ether is up 17.51% over the past 30 days. Source: CoinMarketCap
Meanwhile, Bitcoin (BTC) stumbled slightly by 1.2% to $67,362 following the announcement but has since recovered to $67,706 at the time of writing.
Around the same time, PEPE (PEPE) hit another new all-time high, reaching $0.00001531, a 5% increase within the hour following the approval news.
Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire?
Crypto markets have largely held on to gains this week, buoyed by Ethereum and the US Securities and Exchange Commission’s approval of spot exchange-traded funds.
However, around $1.4 billion in notional value Bitcoin options contacts will expire on May 24.
The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.
Bitcoin Options Expiry
The put/call ratio for this week’s Bitcoin options contracts is 0.88, which means that long and short-contract sellers are relatively evenly matched with slightly more calls expiring. The max pain point, or the price at which most option contract buyers lose their premium, is $67,000.
The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000, according to Deribit.
The $60,000 strike price has the highest amount of OI for put contracts with $388 million. Open interest refers to the number or value of contracts that have yet to be settled, so the bulls expect much higher BTC prices.
Chart Bitcoin OI by expiry. Source: Deribit
In addition to today’s Bitcoin options there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts.
Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum.
“BTC pulled back as expected, compared to the very strong support for ETH’s price, with ETH’s current weekly weighted IV still exceeding 100%, while BTC’s current weekly IV is only 50%,” commented crypto derivatives software provider Greeks Live.
Crypto Market Impact
Almost $3 billion in BTC and ETH options will expire today, but the impact on spot markets is usually muted. Total capitalization has dropped 1.3% to $2.68 trillion, primarily due to a 2.3% dip in Bitcoin prices as the asset fell to $67,400 at the time of writing.
Ethereum faced tons of volatility ahead of yesterday’s decision but now stands calmly at $3,730.
The altcoins were a mixed bag with gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON).
The post Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire? appeared first on CryptoPotato.
Top Analyst Predicts Ethereum (ETH) Price to Skyrocket 92% in 16 Days, Here’s Why
The post Top Analyst Predicts Ethereum (ETH) Price to Skyrocket 92% in 16 Days, Here’s Why appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, sparking speculation and excitement within the crypto community. Drawing parallels to Bitcoin’s past performance, a prominent crypto analyst predicts a 92% surge in Ethereum’s price over the next 16 days from its current level of $3,632.
ETH Price To Surge By 92%
Following the approval, Ethereum’s price has shown both volatility and resilience dropping straight from $3880 to $3632, reflecting a 4.45% decrease in its price. However, the initial Ethereum market response may mirror Bitcoin’s past, with potential short-term drops followed by substantial gains
After the approval of the #BTC ETF on jan.10th it took 16 days and a 21% price drop before a 92% rally. Give the approval of the #ETH ETF some time#Bitcoin $ETH #crypto #cryptocurrency pic.twitter.com/9dfkuqvMWz
— Michiel de Ruyter (@Crypto_RuyterNL) May 24, 2024
On January 10th, the Bitcoin (BTC) ETF was approved, marking a significant milestone for the cryptocurrency market. However, the immediate aftermath wasn’t an instant surge. Instead, Bitcoin experienced a 21% price drop over the subsequent 16 days.
This initial decline was a precursor to a remarkable 92% rally, showcasing the market’s volatility and eventual growth potential.
Critical Demand Zone: $3,820 – $3,700
Ethereum’s price movements are under scrutiny, especially with the recent Ethereum ETF approval. Crypto analyst Ali Martinez has highlighted critical demand zones based on Input/output of Money Around Price (IOMAP) data, providing valuable insights into potential support levels for Ethereum amid increasing market volatility.
Based on the IOMAP, over 1.81 million addresses bought around 1.66 million $ETH between $3,820 and $3,700. This demand zone could keep #Ethereum’s price at bay amid increasing selling pressure. But if it fails to hold, the next key area of support is between $3,580 and $3,462,… pic.twitter.com/grSHL4w4Gj
— Ali (@ali_charts) May 24, 2024
Ali Martinez points out that, according to IOMAP data, over 1.81 million addresses purchased approximately 1.66 million ETH in the price range of $3,820 to $3,700. This significant support level, characterized by substantial buying activity, could act as a buffer against sharp declines.
Ethereum Price To Drop, If?
However, Martinez warns that if Ethereum’s price fails to hold above the $3,700 mark, the next crucial area of support lies between $3,580 and $3,462. In this zone, around 3.13 million addresses have acquired over 1.50 million ETH. This secondary support level is pivotal in preventing a more substantial downturn if the price continues to drop.
As of now, Ethereum is trading at $3,632.11, reflecting a 4.42% decline in the last 24 hours. Despite this drop, ETH trading volume has surged by 94%, bringing its market cap to $440 billion.
🎁 Airdrops de Criptomoedas: O Que São e Como Participar 🚀 Os airdrops de criptomoedas são uma estratégia popular usada por novos projetos para distribuir tokens gratuitamente aos usuários, por que são importantes e como você pode participar. 1. O Que São Airdrops? Airdrops são distribuições gratuitas de tokens para a carteira de usuários, geralmente como parte de uma campanha de marketing para aumentar a visibilidade e a adoção de um novo projeto de criptomoeda. Esses tokens podem ser distribuídos por vários motivos, incluindo recompensas por suporte antecipado ou participação em promoções. 2. Por Que Projetos Fazem Airdrops? Os airdrops ajudam a promover novos projetos e a criar uma base de usuários inicial. Ao distribuir tokens gratuitamente, os projetos podem incentivar a experimentação e o engajamento, além de aumentar a conscientização da sua criptomoeda. 3. Tipos de Airdrops Airdrops Baseados em Registro: Usuários precisam se inscrever em um site ou completar tarefas específicas para receber tokens.Airdrops de Holder: Tokens são distribuídos para usuários que possuem uma certa quantidade de uma criptomoeda específica em suas carteiras.Airdrops de Recompensa: Usuários recebem tokens por realizar ações promocionais, como seguir nas redes sociais, compartilhar posts ou referir amigos. 4. Como Participar de Airdrops Para participar de airdrops, siga estes passos: Mantenha-se Informado: Siga sites e comunidades de criptomoedas que anunciam airdrops.Verifique a Legitimidade: Cuidado com fraudes. Participe apenas de airdrops de projetos confiáveis.Prepare sua Carteira: Tenha uma carteira compatível com o token do airdrop. Carteiras como MetaMask são frequentemente usadas.Siga as Instruções: Cada airdrop tem seus próprios requisitos. Siga as instruções cuidadosamente para garantir sua participação. Conclusão Airdrops são uma excelente maneira de se envolver com novos projetos de criptomoedas e ganhar tokens gratuitamente. 🔗 Você já participou de algum airdrop? Quais foram suas experiências? Compartilhe nos comentários! 💬👇
🚀🚀 There are a few strategies you could consider to potentially earn money using Binance:
1. **Binance Affiliate Program**: You can earn commissions by referring new users to Binance. This involves creating content, sharing your referral link, and earning a percentage of the trading fees generated by your referrals. To make $100 a day, you would need a large and active referral network.
2. **Binance Learn and Earn**: Binance occasionally offers educational campaigns where users can learn about specific cryptocurrencies and earn small amounts of those cryptocurrencies as a reward. While the earnings are not typically substantial, they can accumulate over time.
3. **Staking and Savings**: Participating in Binance's staking and savings programs can generate passive income. By locking up your cryptocurrency assets, you can earn interest or rewards. However, this requires having some initial crypto to stake or save.
4. **Trading Competitions**: Binance hosts trading competitions where users can win prizes. These require active participation and successful trading strategies.
5. **Airdrops and Promotions**: Keep an eye on Binance's announcements for airdrops and promotional giveaways. While these events can provide free tokens, they are usually sporadic and not guaranteed to provide consistent income.
6. **Providing Liquidity in Binance Liquid Swap**: By providing liquidity to Binance’s liquidity pools, you can earn a share of the transaction fees. This requires an initial investment but can be a source of passive income. #EarnFreeCrypto2024
Sei "Entering the alpha release phase of v2 upgrade phase 3" SEI layer 1 blockchain project announced via official Say said: “With this, the parallel EVM blockchain has been released to builders and early adopters, and applications and code Existing notifications can be used as before. This second phase is designed with the goals of ▲ minimizing risk ▲ setting expectations ▲ optimizing performance. " explains. Say previously announced that they have begun the v2 upgrade management process and they plan to release v2 in three phaáes $SEI
🚀Biden BTC (BIDENBTC), the new kid on the Solana memecoin block, is aiming to outshine SHIB and DOGE. With a current market cap below $15k, it's like buying a lottery ticket with a jackpot of 2,000%-5,000% returns. 🎰
🔥 Poised for an 11,000% rally in the next 48 hours, this memecoin could be the next big thing. To get in on the action, connect your Solflare, MetaMask, or Phantom wallet to Jupiter or Raydium and swap Solana for BIDENBTC. 💸
🎉 If BIDENBTC follows in the pawprints of SHIB and DOGE, we could be seeing a new wave of memecoin millionaires. Solana memecoins are the new black as SHIB, DOGE, and WIF lose steam. 💨
What do you think? Is BIDENBTC the next DOGE? Share your thoughts below! 👇 #DeFi #Web3 #Technology
🚀🚀 There are a few strategies you could consider to potentially earn money using Binance:
1. **Binance Affiliate Program**: You can earn commissions by referring new users to Binance. This involves creating content, sharing your referral link, and earning a percentage of the trading fees generated by your referrals. To make $100 a day, you would need a large and active referral network.
2. **Binance Learn and Earn**: Binance occasionally offers educational campaigns where users can learn about specific cryptocurrencies and earn small amounts of those cryptocurrencies as a reward. While the earnings are not typically substantial, they can accumulate over time.
3. **Staking and Savings**: Participating in Binance's staking and savings programs can generate passive income. By locking up your cryptocurrency assets, you can earn interest or rewards. However, this requires having some initial crypto to stake or save.
4. **Trading Competitions**: Binance hosts trading competitions where users can win prizes. These require active participation and successful trading strategies.
5. **Airdrops and Promotions**: Keep an eye on Binance's announcements for airdrops and promotional giveaways. While these events can provide free tokens, they are usually sporadic and not guaranteed to provide consistent income.
6. **Providing Liquidity in Binance Liquid Swap**: By providing liquidity to Binance’s liquidity pools, you can earn a share of the transaction fees. This requires an initial investment but can be a source of passive income. #EarnFreeCrypto2024
$BTC the best part btc follows my ta with highest accuracy. while alts, some follows btc some doesn't. I am just thinking to only long and short btc rather than alts.
If btc cross and holds above 70400-70500 《4 hours candle closing is must》we see new ATH very high chances, if not prepare for some short ride. #BTC☀️
#BOMEToken #BOMEToken ظلت هذة العملة في انخفاض دائم ولكن مع عودة صعود #bitcoin عادة الي الارتفاع مرة اخر التي قد قارب سعرها في الشهر الماضي الي 0.019 هل ستعود الي تلك السنة مجداد لقد لاحظنا ارتفاعها في الأيام القليلة الماضي ما بين 0.011 الي 0.013 حتى هل سيستمر في الارتفاع ونشهد عودة أرباح محققة من التداول منها او لا
هناك عدة أسباب مقنعة تأخذ بيدك لبدء الاستثمار و التداول بعملة بيتكوين في عام 2024م، ومن أهم ما جاء ما يلي:
ارتفاع القيمة السوقية جدًا. العملة الأقل تناقص بين مختلف العملات الرقمية. مستوى سيولة ضخم و هائل جدًا. ارتفاع مهيب في حجم التداول. من العملات الرقمية المعتمدة وواسعة الانتشار. مطورة على يد كوكبة ضخمة وخبيرة من فريق التطوير. مستوى مرموق من الشفافية والأمان. العملة رقم 1 بين العملات الرقمية من حيث أفضل العملات المشفرة.
2- عملة $ETH #etherreum مميزات تداول الإيثيريوم
هناك العديد من المميزات والخصائص الإيجابية التي يبحث عنها الراغبين في التداول مؤخرًا في أي عملة رقمية، وحتما تتوفر معظمها في الإيثيريوم التي حافظت على ارتفاع قيمتها السوقية بطريقة احترافية، ومن أهم مميزاتها:
معدل سيولة عالٍ جدًا. ارتفاع هائل على القيمة السوقية. ضخامة حجم التداول في السوق المالي الرقمي. عملة رقمية شائعة الاستخدام. مستوى مرموق من الأمان والشفافية الذي يسعى إليه المتداول دومًا. الارتباط بالكثير من التطبيقات اللامركزية القائمة على مبدأ العقود الذكية.
Uniswap Foundation Reveals Assets Ahead of Fee Mechanism Vote
Claim $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free & Instant On WWW.DUNKIMUNKI.XYZ
Uniswap proposes a new fee mechanism, UNI value rises 12.31%, and the Foundation discloses $41.41M in fiat and 730K UNI tokens.
HIGHLIGHTS The Uniswap Foundation announced that on-chain voting for a new fee mechanism proposal will occur by May 31. This announcement boosted the value of UNI by 12.31% in the last 24 hours, reaching $11.29. Ownership of the mainnet UniswapV3Factory will transfer to a new instance if the proposal passes.
The Uniswap Foundation announced that on-chain voting for a proposal to establish its new fee mechanism will occur by May 31. This announcement has boosted the value of the network’s native token, UNI, by 12.31% in the last 24 hours, reaching $11.29.