Many investors are researching the best cryptocurrencies to acquire during this market cycle in hopes of reaping substantial gains. With various emerging crypto sectors showing promise, the hunt is on for the next big opportunity. In this context, a crypto analyst and trader, Zeno, has brought up seven compelling reasons why Render AI (RNDR) cryptocurrency should be on investors’ radars for potential accumulation. Below are his thoughts:

Cost-Efficient: The Render Network offers lower costs for rendering services compared to traditional methods, making it an attractive option for businesses seeking cost-effective solutions.

Innovative Approach: Render utilizes unused GPU power globally for rendering tasks, promoting energy efficiency and innovation in the industry.

High Demand: The network supports industries like film, gaming, virtual reality, and artificial intelligence, all of which require intensive computing power, ensuring a steady demand for its services.

AI Integration: As artificial intelligence continues to advance, Render Network’s ability to provide scalable GPU resources for AI training and inference enhances its value proposition.

Experienced Leadership: The project is led by industry experts with a proven track record in technology and innovation, instilling confidence in its long-term prospects.

Solving a Real Problem: Render effectively addresses the scarcity of GPU resources and rendering demands, offering a practical solution to a pressing industry challenge.

NVIDIA Earnings: With NVIDIA’s upcoming earnings report, the spotlight may fall on AI and GPU usage trends, potentially boosting interest in the Render Network and its native token.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

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Read Also: Ripple Faces Resistance at Symmetrical Trendline, but Analyst Forecasts 2,000% Run for XRP: Here’s Why

RNDR Price Prediction and Key Levels

According to technical analysis by altFINS, the Render (RNDR) token is currently in an uptrend, having recently broken out of a channel down pattern. This breakout signals a resumption of the upward trend, with an upside potential for RNDR to reach $13.80. The analysis suggests setting a stop-loss level at $9.20 to manage risk effectively and setting a price alert for potential entry or exit points.

The breakout from the resistance zone indicates that buyers have absorbed all the selling pressure at that level, allowing the price to resume its advance. In such cases, the next closest resistance zone often becomes the price target, which in this instance is $13.80.

Trend analysis paints a bullish picture for RNDR, with strong upward momentum across short-term, medium-term, and long-term time frames. Additionally, the Relative Strength Index (RSI) levels suggest that the price is neither overbought nor oversold, indicating a potential continuation of the current trend.

Key Levels to Watch:

On the downside, if the price were to drop, buyers will likely look for support at the $8.00 level for a potential reversal. If that level fails to hold, the next significant support zone is around $6.00. However, on the upward side, the $13.80 level stands as the key resistance to watch, as a break above this level could pave the way for further price appreciation.

In summary, the technical analysis suggests that RNDR is in a strong uptrend, with the potential to reach $13.80. However, traders and investors should keep a close eye on the key support levels of $8.00 and $6.00 for potential buying opportunities, while also monitoring the $13.80 resistance level for potential sell signals or a continuation of the upward momentum.

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The post 7 Reasons to Accumulate More Render AI Tokens: RNDR Price Predictions and Key Levels to Watch appeared first on CaptainAltcoin.

Crypto market moves from narrative to narrative, giving opportunities to make big money to those who are early and less greedy.

Today, I will reveal a new narrative that is currently not obvious to most.

DePIN > RWA > AI > what's next?

Blockchain service was the most funded category by venture capitalists last year.

But it includes a wide range of projects, one of them being wallets.

Why am I so optimistic about wallet tokens?

1. MetaMask's IPO in May-June.

2. Exodus will go public on the NYSE American and tokenize its shares soon.

3. High BTC dominance - altcoin season is inevitable.

4. Long accumulation.

@safe

Safe (previously Gnosis Safe) is a multi-signature wallet that's commonly used by projects, startups, and institutions.

It's built on smart contracts. A transaction can be sent only if the majority of signers approve it (2/3, 3/5, etc.).

Tier1 backers include:

1. 1kx (lead)
2. Coinbase Ventures
3. Digital Currency Group (DCG)
4. Lightspeed Venture
5. Tiger Global

Valuation was not officially disclosed, but it was reported to be worth around $1.25 billion, $1.25 per token.

$SAFE

The chart looks better than 90% of altcoins, the price is approaching key resistance.

Price targets:
• 3.30
• 4.35
• 5.40

Since GSR invested, I suppose they are the MM here, they know how to push the price up.

I calculated the average price of VCs' tokens, considering Core Contributors and Foundation, it's about $0.33 per token.

A $1.25 billion valuation in 2022 doesn't seem credible; there could have been a catch or intentional misleading.

VCs' profit is not large by standards of venture investing and there's not enough liquidity for them.

Safe tokenomics

There won't be huge unlocks soon; instead, it will happen smoothly until 2030.

Users received 37 million tokens (~$75M), but the price did not collapse, perhaps because the market maker accumulated these tokens to send the price significantly higher.

Only then will there be liquidity for VCs and the team to fix profits, which is currently not present.

@TrustWallet

Trust is a non-custodial mobile and extension wallet that was acquired by Binance in 2018.

They recently added Swift Wallet feature, which is a type of smart wallet aimed at increasing mass adoption by eliminating seed phrases and allowing payment of gas fees in any token.

After going through the top 100 wallet addresses, I noticed that early holders haven't been selling for years - from 2020 until now, even after significant price growth.

To back up my statement, here are a few wallets:

1. 0xd1b189422012e023edeec0eaa1270af78b0a4d71
2. 0xbcda6b138f41c8c5cfec32568817ca168b24fc29
3. bnb18jr0rwanc9caweya9s0rqx7yj56t2087faw7dp

$TWT key metrics

Market Cap: $451M | FDV: $1.1B

Price targets:
• 3.80
• 5.60
• 7.50

Trust's business model is sustainable, since the project generates revenue $70K from swaps every day. After looking at statistics we see clear uptrend.

@iSafePal

SafePal is a mobile, hardware, and estsension wallet backed by Binance Labs and Animoca Brands. It competes closely with other top-tier wallets like Ledger Nano X and Trezor Model T

In 2023, SafePal sold over 10 million units of its hardware wallets globally.

Pre-valuation: $40.00 M

$SFP key metrics

While most alts were bleeding and dropped by 50% or more, SFP has been strong and shows an uptrend, approaching the resistance level on a weekly timeframe. It's been accumulated for about 100 weeks.

Market Cap: $362M | FDV: $392M

Next major unlock: July 31, 2024

Price targets:
• 1.55
• 2.30
• 3.05

Other wallet tokens

$C98 - Price: 0.26 | Market Cap: $198M | FDV: $263M

$XDEFI - Price: 0.08 | Market Cap: $7.2M | FDV: $19.8M

My positions:

I have bought $TWT for now, maybe I'll add some $SAFE soon.

Stay on my TG channel, I'll share my portfolio updates there.

I hope my article was helpful. If so, please do not hesitate to :

1. Follow me for more alpha content
2. Like & Repost to motivate me continue

#TrendingTopic

AI tokens backed by giants like Google could see 100x returns.
Before we dive in, I have a quick favor to ask. I put a lot of effort into crafting this content to be genuinely helpful for you. If you find it valuable, please quote, share, comment, and hit the like button.
Here's why I believe AI is the best sector for accumulation during the upcoming alt season. AI has become the hottest trend in 2024, influencing both the crypto world and our daily lives. Its integration has simplified many aspects of life, marking a revolutionary change that's here to stay.

We know that hype drives growth, which is crucial in this space. Many are panicking due to the market dump, thinking the bull run is over. Remember, markets are cyclical, and human emotions influence them. If you think this cycle will be different with 95% certainty, you might be mistaken, just like many were in past bull markets.
This could be the perfect time to enter the market, as a significant bear market is expected to begin in 2025. Seize this opportunity to maximize your profits now. I've conducted thorough research on the entire crypto AI sector, and here are the top 10 I discovered.

$AI → @SleeplessAI_Lab (On Twitter - X Account)
Sleepless AI is a Web3 platform leveraging Artificial Intelligence Generated Content (AIGC) and Large Language Models (LLM) to provide diverse gaming experiences. Players can interact with virtual characters in the game as if they were interacting with real people.

Key metrics:
Ticker: $AIMarket Cap: $144.63MFDV: $1.12BUnlocked: 14.09% of total supply

$NAVI - @AtlasNavi (On Twitter - X Account)
Atlas Navi is the first Drive to Earn (DE) navigation app that uses AI and your smartphone camera to navigate traffic efficiently. It detects road conditions, accidents, traffic in each lane, available parking spaces, police vehicles, and reroutes drivers to avoid congested roads.

Key metrics:
@ardizor • 56m
Ticker: $NAVIMarket Cap: $20.96MFDV: $71.5MUnlocked: 29.29% of total supply

$GLQ - @graphling_proto (On Twitter - X Account)
GLQ is the no-code blockchain for Web3 automation, dApps, and AI. The GraphLing Protocol includes the GraphLinq IDE, Instant Wizard App, Engine, and Marketplace, making it easy for users to create and deploy with just a few clicks.

Key metrics:
Ticker: $GLQMarket Cap: $32.75MFDV: $48.16MUnlocked: 68.00% of total supply

$ENQAI - @enq_AI (On Twitter - X Account)
In the fast-paced world of artificial intelligence, a revolutionary project has emerged: enqAI. This innovative platform stands out by harnessing the potential of decentralized technology to provide uncensored, impartial, and limitless AI services.

Key metrics:
Ticker: $ENQAIMarket Cap: $47.6MFDV: $49MUnlocked: 97.3% of total supply

$AQTIS - @AQTIS_IO (Twitter - X Account)
AQTIS is a smart liquidity protocol powered by AI and quantitative technology. As a pioneering DeFi project, AQTIS is dedicated to creating Liquid Staking Tokens (LSTs) using proprietary software that leverages AI and quantitative tech.

Key metrics:
Ticker: $AQTISMarket Cap: $13MFDV: $19.5MUnlocked: 66.6% of total supply

$PALM - @palmaierc (Twitter - X Account)
Palm AI specializes in creating on-chain AI integrations with practical real-world applications that generate revenue for its holders. $PALM serves as the utility token for PaLM AI, a versatile AI chatbot available across multiple platforms.

Key metrics:
Ticker: $PALMMarket Cap: $71.53MFDV: $71.53MUnlocked: 100% of total supply

$EMC - @EMCprotocol (Twitter - X Account)
EMC Protocol is a blockchain and peer-to-peer network-based edge computing protocol. It integrates smart contracts, decentralized storage, and consensus mechanisms for transaction validation.
Key metrics:
Ticker: $EMCMarket Cap: $23.24MFDV: $764.84MUnlocked: 3.01% of total supply

$GPU - @NodeAIETH (Twitter - X Account)
Node AI is a pioneering decentralized platform offering easy access to GPU and AI resources. It leverages blockchain technology to create a transparent and secure ecosystem. Users can rent AI nodes, provide GPU power, stake tokens for earnings, and integrate AI capabilities into their operations.

Key metrics:
Ticker: $GPUMarket Cap: $131.12MFDV: $135.12MUnlocked: 98.86% of total supply

$CGPT - @Chain_GPT (Twitter - X Account)
ChainGPT is more than just a single artificial intelligence model; it forms an ecosystem of AI-powered utilities and tools designed to assist individuals, blockchain developers, and enterprises in various aspects of the cryptocurrency and blockchain realm. Contact us to learn more about our products.

Key metrics:
Ticker: $CGPTMarket Cap: $108.216MFDV: $231.1MUnlocked: 45.65% of total supply

$SPEC - @Spectral_Labs (Twitter - X Account)
Spectral Labs is pioneering the Onchain Agent Economy for Web3. Our flagship product, Spectral SYNTAX, is a language model that transforms natural language into Solidity code, empowering users to build their own onchain agents.

Key metrics:
Ticker: $SPECMarket Cap: $109.47MFDV: $1.04BUnlocked: 100% of total supply

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As the bullrun gains momentum once again, it’s crucial to focus on promising cryptocurrencies positioned for future growth. Here are top five crypto coins to watch in this month of May 2024:
1.TAO
2.SAGA
3.Wormhole
4.GALA
5.ORDI.

NO.1
TAO Coin ($TAO ): is a cryptocurrency project built on the Bittensor open-source protocol. It functions as a decentralized, blockchain-based machine learning network, where machine learning models train collaboratively and receive rewards in TAO tokens based on the informational value they provide to the network. Additionally, TAO allows external access, enabling users to extract information from the network while customizing its activities to suit their needs.
Vision and Key Features:
Vision: TAO Coin aims to establish a fair AI market, fostering transparent interactions and rewarding both AI consumers and producers.
Key Features:
- Innovative AI Strategy: TAO Coin leverages distributed ledgers to promote open access, decentralized governance, and global collaboration for AI development.
- Open-Source Intelligence Hub: Serving as a global repository for machine intelligence, TAO promotes open innovation on a global scale.
- Fair Rewards: Users receive TAO tokens based on their contributions to the network, ensuring active engagement and equitable distribution.
Recent and Future Price Action:
Upon listing on Binance, TAO rallied towards $779.09 before dropping to $336.06. This price action indicates a wave 3 uptrend and a wave 4 correction for support, potentially leading to a big impulsive wave 5 rally from the current $427.45 position to $3000.
In summary, TAO Coin seeks to revolutionize the AI landscape by facilitating collaborative machine learning and fairly rewarding valuable contributions.

NO.2
$SAGA is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized, and interoperable dedicated chains, or "Chainlets," providing applications with infinite horizontal scalability. Each Chainlet replicates the Saga Mainnet, including the same validator set and security model.
Saga's mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.
Saga Ecosystem:
In just under 2 years, Saga has grown from 0 to 350 projects building on its protocol, with 80% focusing on gaming. About 10% of projects are NFTs and entertainment, and 10% are DeFi. A full roster of Innovators can be found here.
Saga has inked partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets.
By introducing Play-to-Airdrop as a powerful web3-native user acquisition engine, Saga has created a distribution channel for web3 applications that has been widely adopted by many protocols in this space.
Recent and Future Price Action:
After bouncing at support levels, SAGA emerges as an interesting coin to watch this month, with a breakout paving the way for a potential uptrend in the future. If we witness a Change of Character (CHoCH), it will confirm that the previous all-time high has a higher chance of being reached.

NO.3
Wormhole ($W) is the leading interoperability platform that powers multichain applications and bridges at scale. It provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases spanning DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.
Recent and Future Price Action:
We have already witnessed a break in structure, indicating one of the biggest uptrend scenarios. Reaching the first target is highly possible, making Wormhole one of the coins to watch this month as it appears bullish and has possibilities of reaching previous all-time high levels.

NO.4
$GALA is a web3 ecosystem powered by GalaChain, a layer-1 blockchain built to support the Gala entertainment ecosystem, which initially comprised Gala Games, Gala Music, and Gala Film. However, GalaChain has recently opened its doors to external developers and projects from any applicable industry, offering open-source developer resources to simplify the process.
Recent and Future Price Action:
Looking very interesting, Gala has respected its support level three times, and it's getting interesting now. The first breakout has emerged. If it flips above $0.05113, we will witness a mega pump. This makes it one of the most interesting coin to watch this month.

NO.5
$ORDI Coin is a cutting-edge cryptocurrency designed to revolutionize the digital finance landscape by providing decentralized, secure, and efficient transaction solutions. It leverages state-of-the-art blockchain technology to ensure transparency and trust in every transaction.
Mission:
To empower individuals and businesses worldwide by offering a decentralized financial tool that promotes accessibility, privacy, and autonomy from traditional banking systems.
Scalability Solutions:Implements Layer 2 scaling solutions like rollups for increased transaction throughput without sacrificing decentralization.
Key Features:
- Low Transaction Fees: $ORDI Coin minimizes transaction costs, making it affordable for everyday use.
- Fast Transaction Speeds: Through innovative solutions, $ORDI ensures quick processing times, significantly faster than traditional banking transactions.
- Eco-friendly: By using PoS, $ORDI Coin reduces the enormous energy usage associated with Proof of Work (PoW) systems.
Recent and Future Price Action:
It's looking bullish at the moment. I expect a bounce at the small fair value gap within the support area before ranging up to flip the major resistance area for a big uptrend as indicated.

In conclusion, May 2023 presents exciting opportunities for cryptocurrency investors, with five standout projects poised for potential future growth. From the innovative features of $TAO and $SAGA to the promising developments in $W, $GALA, and $ORDI, each offers unique value propositions in the ever-evolving crypto landscape. Keep a close eye on these projects as they navigate the dynamic market conditions and strive to make their mark in the digital economy.
#CryptoWatchMay2024

#altcoins #buythedip #TAOTrading #SAGA🔥🔥