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📈 The Price Of Render (RNDR) Increased More Than 10% Within 24 Hours Over the past 24 hours, the price of Render (RNDR) has Increased 10.0% to $9.09.  This is contrary to its negative trend over the past week where it has experienced a 10.0% loss, moving from $10.51 to its current price. As it stands right now, the coin’s all-time high is $13.53. The chart below compares the price movement and volatility for Render over the past 24 hours (left) to its price movement over the past week (right).  The trading volume for the coin has climbed 51.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.35%.  This brings the circulating supply to 388.65 million, which makes up an estimated 73.04% of its max supply of 532.07 million.  According to our data, the current market cap ranking for RNDR is #34 at $3.55 billion. $OP #OP #Optimism {spot}(OPUSDT)

📈 The Price Of Render (RNDR) Increased More Than 10% Within 24 Hours


Over the past 24 hours, the price of Render (RNDR) has Increased 10.0% to $9.09. 

This is contrary to its negative trend over the past week where it has experienced a 10.0% loss, moving from $10.51 to its current price. As it stands right now, the coin’s all-time high is $13.53.

The chart below compares the price movement and volatility for Render over the past 24 hours (left) to its price movement over the past week (right). 

The trading volume for the coin has climbed 51.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.35%. 

This brings the circulating supply to 388.65 million, which makes up an estimated 73.04% of its max supply of 532.07 million. 

According to our data, the current market cap ranking for RNDR is #34 at $3.55 billion.

$OP #OP #Optimism

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🫣 Top Reason Why Major Altcoin Season Is Not Coming Murad Mahmudov, a prominent financial analyst, is convinced that a major altcoin season is not on the horizon due to the declining cumulative excess savings of US households. According to recent data from the Federal Reserve Bank of San Francisco, Americans have now spent their savings. The massive increase in savings over a period from March 2020 to August 2021 was prompted by a huge drop in consumer spending. As per San Francisco Fed economists, excess savings reached their peak in August 2021, surpassing a whopping $2.1 trillion. Despite the fact that these savings are now mostly gone, the report suggests that a strong labor market could make it possible to maintain spending. That said, recent earnings reports from such major companies as Amazon show that consumers are becoming budget-conscious. Considering that Americans are now more careful about their spending compared to 2021, Mahmudov implies that they are unlikely to splurge cash on risky alternative cryptocurrencies. "The most you can hope for is an occasional well-timed spike by a particular flavor-of-the-month outperformer from the crypto-native PvP hot ball of money," he said. The analyst has also pointed to the fact that there is a supply glut of altcoins. "Altcoins are growing in both number and aggregate fully diluted market cap with each new token release," Mahmudov added. When comparing the current market cycle to 2017, the analyst noted that the market was much smaller back then, meaning that less capital was required to achieve significant gains. Moreover, it was much harder to create new tokens. #Altseason #altcoins #altcoin
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⭐️ Dogecoin (DOGE) Is in Optimal Buy Zone Dogecoin’s (DOGE) price will potentially see some struggle among bulls and bears in the coming days. The mixed signals coming from the market suggest that the meme coin will end up moving sideways. 🔸 Buy Dogecoin or Sell It? Dogecoin’s price is observing different indications from different metrics at the moment. On one hand, the Market Value to Realized Value (MVRV) ratio suggests that accumulating is ideal. The MVRV ratio monitors investor profits and losses. With Dogecoin’s 30-day MVRV at -11%, indicating losses, accumulation may ensue. Historically, DOGE MVRV between -6% to -19% frequently heralds recoveries and rallies, terming it as an accumulation opportunity zone. On the other hand, the price daily active addresses (DAA) divergence indicator suggests selling. This indicator refers to the discrepancy between a cryptocurrency’s price action and the number of unique addresses involved in daily transactions. This divergence can indicate potential trend reversals or strengths in the market. Given that participation and price action are both in decline at the moment, the market is flashing a sell signal. This could result in Dogecoin’s price countering the bullishness from any potential accumulation. 🔸 DOGE Price Prediction: Under the Bar Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively. The indicators presenting mixed signals strongly hint at sideways action for the meme coin. Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them. $DOGE #DOGE #DogeCoin
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👀 FLOKI Launches Bullish Crypto Adoption Campaign in Nigeria, Can FLOKI Price Surpass $1 This Cycle? ● FLOKI announces the launch of its promotional campaign in Nigeria. ● Nigeria has a huge crypto adoption rate and FLOKI is expecting to welcome new users. ● The price of FLOKI is set to explode if FLOKI adoption rate grows after this campaign. Floki announces the start of its bullish promotional campaign in Nigeria. This extensive marketing initiative aims to bring the FLOKI name to mainstream adoption in the world’s biggest continent, Africa. 🔸 Floki Moves Into Nigeria to Embrace Africa's Crypto Capital 💬 Our intensive marketing initiatives aimed at bringing $FLOKI into the mainstream have always been marked by extensive preparation and strategic testing. Today, we are excited to announce our latest venture: #FLOKI is.. — FLOKI Since the beginning, FLOKI has been on a mission to become the most loved and most popular cryptocurrency in the world. It aims to be a household crypto that everyone is pleased to use and with every successful campaign FLOKI gets closer to achieving this mission. Since the last crypto bull cycle, FLOKI has been hard at work in realizing this dream by launching many bullish ecosystem upgrades and promotional campaigns across the world. Of these massive campaigns, the most prominent is the New York Times Square campaign. FLOKI has also taken its CSR role in good stride by opening schools in different parts of the world. The latest of this venture is India where FLOKI will build a school and is looking for NGO and similar institutes to help them on this journey. With this latest initiative in Nigeria, FLOKI is pleased to confirm its presence in the country. Nigeria is home to the highest crypto awareness in the world. The country has embraced crypto and the interest grows every day. FLOKI may see a massive price surge by growing its presence in the African market, and specifically in Nigeria.
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🤔 Solana: Can Reclaiming the $155 Mark Invalidate the Downtrend? Solana’s price faces selling pressure but could rebound if it surpasses $155.A break below $135 might drive SOL towards $100, with sellers actively adding short positions.Current trading at $144.25 shows slight neutrality, with an oversold RSI and declining trading volume indicating short-term weakness. Solana’s (SOL) price is experiencing significant pressure, but there is potential for a rebound. If Solana can regain momentum and surpass the $155 mark, it could reinvigorate buyers and invalidate the current downtrend. Recently, Solana’s price fell below the critical $150 support zone, highlighting intense selling pressure. Despite a notable rebound from the $120 mark last month, sellers remain active, attempting to push SOL below the trendline support to extend the downturn. A decisive break and close below $135 could accelerate this selloff, potentially driving SOL toward the $100 mark in the coming weeks. Since the beginning of the month, sellers have been adding to their short positions, contributing to the price decline. At the time of writing, Solana is trading at $144.25, reflecting a slight intraday increase of 0.06%. This neutrality is evident on the charts, with a monthly return ratio of -9.20% and a yearly return of 8.43%, indicating short-term weakness. In the SOL/BTC pair, the price stands at 0.00218 BTC, and Solana’s market cap is approximately $66.64 billion. Analysts remain neutral, suggesting that SOL may experience volatile price swings in the near future. The RSI has dipped into the oversold region, while the MACD indicator has shown a bearish crossover with red bars appearing on the histogram. Additionally, trading volume has decreased by 54.34% to $969.27 million, indicating a decline in investor interest. One key support level at $141 is showing a buy signal on the daily chart, suggesting that if this support holds, SOL could see a rebound over the next one to four days. $SOL #SOL #Solana
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⚠️ Investors Analyze Cryptocurrency Trends On Sunday, June 16, the cryptocurrency market showed relative calmness with Bitcoin (BTC) trading at $66,599. Some altcoins also displayed positive momentum. Although investors faced significant turbulence following the recent Federal Reserve meeting, the impact may be short-lived. Should leading indicators of inflation boost optimism, buyers could return to the market, anticipating the continuation of recent low data trends. So, what insights does analyst Benjamin Cowen provide? 🔸 When Will the Altcoin Bull Run Happen? Despite Bitcoin reaching its all-time high, most altcoins remain below their peak levels, though many hover around critical support zones. According to cryptocurrency analyst Benjamin Cowen, those looking forward to a substantial altcoin rally should temper their expectations. Cowen’s latest assessment suggests that a significant altcoin bull run will not commence until the Federal Reserve reduces interest rates. Historically, altcoins have outperformed Bitcoin post the Fed’s interest rate cuts. Cowen points out, “A majority of altcoins are declining, causing the advance/decline index to fall once again, similar to the period before the Fed’s rate cut in 2019. The index dropped sharply back then, and the Fed began cutting rates in July. It is crucial to monitor this, as calls for an altcoin season and their dominance over Bitcoin might be premature until the Fed lowers rates.” 🔸 Should You Buy Altcoins? According to Cowen, it might be wise for investors who missed the bottom in November 2022 and are currently hesitant to avoid purchasing altcoins. However, it’s essential to recognize that analysts can be incorrect and cannot predict future market movements with certainty. If they possessed such predictive power, they likely wouldn’t share their insights on platforms like YouTube for ad revenue. #Altcoins
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