Timechain Coder
--
Bull Season Price Targets Series: Requests from Followers - $RENDER - #Render
Last Update: 2024-12-22 UTC
$RENDER
#Render
āTokenomics
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
šToken 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
šInflation
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.
šSince 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.
āCorrelation 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.
š°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.
āPrice Analysis
šRecent 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.
šµPrice Targets
šThe 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.
šLow and controlled inflation in the long term also provides good support.
šThe 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.
š„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.
šHey!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. š„
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! šBull Season Price Targets Series: Requests from Followers - INDEX
$RENDER
#Render
āTokenomics
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
šToken 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
šInflation
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.
šSince 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.
āCorrelation 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.
š°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.
āPrice Analysis
šRecent 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.
šµPrice Targets
šThe 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.
šLow and controlled inflation in the long term also provides good support.
šThe 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.
š„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.
šHey!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. š„
If you are interested, don't forget to follow and share the #altcoins that interest you in the comments! šBull Season Price Targets Series: Requests from Followers - INDEX
Izjava o omejitvi odgovornosti: VkljuÄuje mnenja tretjih oseb. Ni finanÄni nasvet. Lahko vkljuÄuje sponzorirano vsebino.Ā Glejte Pogoje.
4
0
RaziÅ”Äite najnovejÅ”e novice o kriptovalutah
ā”ļø Sodelujte v najnovejÅ”ih razpravah o kriptovalutah
š¬ Sodelujte z najljubÅ”imi ustvarjalci
š Uživajte v vsebini, ki vas zanima
E-naslov/telefonska Ŕtevilka