Altcoin
Keep an eye on these 4 Altcoin projects!
The popular currency of artificial intelligence Render the token saw a sharp price increase of 40% last week. So it’s back on the agenda. The value of this cryptocurrency, strengthened among other things by the support of the main stock exchanges, has increased by 435% in the last year. The analysis platform Santiment drew attention to this situation. Santiment also recommends investors keep an eye on 4 altcoin projects.
Santiment: You’ve seen RNDR, keep an eye on these 4 altcoin projects!
As you followed Cryptokoin.com, Artificial intelligence (AI) focused tokens have attracted attention lately. Artificial intelligence and cryptocurrencies related to this emerging technology have made great strides recently. One such token that has caught the attention of many industry participants is Render (RNDR). The altcoin project has a market capitalization of nearly $4 billion. This makes it the second largest token in its group. The current leader is Fetch.ai (FET) with a market capitalization of over $5.5 billion.
However, market intelligence platform Santiment said that RNDR outperformed its rival and all other cryptocurrencies on one key front: social volume dominance. According to Santiment, RNDR has been the focus of most discussions in recent days with over 100%. Other altcoins that have performed quite well in this sense are AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS) and Deri Protocol (DERI). Keep an eye on them, he said Santiment:
AI and BigData continue to fluctuate, while crypto projects related to the expanding sector continue to flourish. RNDR (+11%) currently sees skyrocketing betting as the most trending asset. Keep an eye on AIOZ, TURBOCIRUS and DERI.
RNDR Whales Triggered Price Rally!
On-chain data provider LookonChain reported that the recent Render (RNDR) price rally was driven by strong whale activity. Lookonchain recently detected major operations 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 earned a variable profit of $2.24 million from the transaction. Likewise, user “0x1Cb7,” who previously earned $480,000 RNDR transactions also got in on the 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 This whale has withdrawn 364,586 tokens worth $3.68 million from exchanges in the last five days.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 on average at $9.19. Furthermore, according to Etherscan data, users 0xCA9C and 0xE61A withdrew 181,922 tokens ($1.81 million) and 58,950 tokens ($586,000), respectively, from Binance last day.
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