Popular AI coin Render Token saw a strong 40 percent price increase last week. Thus, it came to the fore once again. Strengthened by the support of major stock exchanges, among other reasons, the value of this cryptocurrency increased by 435% last year. Analytics platform Santiment drew attention to this situation. He also recommended that investors keep an eye on 4 altcoins.
Santiment: You’ve seen RNDR, keep an eye on these 4 altcoins!
cryptokoin.comAs you can follow from , Artificial Intelligence (AI) focused tokens have been attracting attention lately. AI and cryptocurrencies related to this emerging technology have been making great strides lately. One of these tokens that has attracted the attention of many industry participants is Render (RNDR). The altcoin project has a market value of almost $4 billion. This makes it the second largest token in its group. The current leader is Fetch.ai (FET) with a market value of over $5.5 billion.
However, market intelligence platform Santiment claimed that RNDR outperformed its rival and all other cryptocurrencies on a key front: social volume dominance. According to Santiment, RNDR has been at the center of most discussions in the last few days by more than 100%. Other altcoins that perform quite well in this regard are AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS) and Deri Protocol (DERI). Saying to keep an eye on these, Santiment makes the following statement:
AI and BigData surges continue as crypto projects related to the expanding sector continue to blossom. RNDR (+11%) is currently seeing rapidly rising bets as the most trending asset. Keep an eye on AIOZ, TURBO, CIRUS and DERI.
RNDR whales triggered price rally!
On-chain data provider LookonChain reports that the recent Render (RNDR) price rally was driven by strong whale activity. Lookonchain has recently detected notable transactions involving the RNDR cryptocurrency. On April 30 and May 1, user 0x15CF withdrew a significant amount of RNDR from Binance. In this context, the whale received a total of 748,898 tokens worth $ 5.3 million from the exchange.
This withdrawal was made by a user with a history of successful transactions with RNDR. This whale made a variable profit of $2.24 million from his transaction. Similarly, user ‘0x1Cb7’, who previously made a profit of $480,000 from RNDR trades, also took action. This whale has withdrawn 364,586 tokens worth $3.68 million from exchanges in the last five days. This means that it collected tokens at an average price of $9.19. Additionally, 0xCA9C and 0xE61A users withdrew 181,922 tokens ($1.81 million) and 58,950 tokens ($586,000), respectively, from Binance in the past day, according to data on Etherscan.
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