Robinhood Lists Render Network, RENDER Price To $10 Ahead?

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As a seasoned cryptocurrency analyst with over a decade of experience under my belt, I must say that the listing of Render Network (RENDER) on Robinhood Crypto EU has ignited an undeniable wave of bullish sentiments across the market. The recent 2% surge in RENDER’s price in the past 24 hours is a testament to this fact, and I believe that we might be on the cusp of a significant rally towards $10 if the current trends persist.

On Friday, there was significant enthusiasm in the cryptocurrency market for the AI token, Render Network, as Robinhood Crypto EU, a digital assets trading platform, announced it would list RENDER. This listing caused bullish sentiment to grow around the long-term potential of the digital asset. Moreover, the price of the AI coin increased by more than 2% in the last 24 hours, adding to the optimism about future price fluctuations following the announcement of its listing.

Robinhood EU Lists Render Network Igniting Bullish Market Sentiments

On October 11th, as announced in an official posting by Robinhood Crypto EU, the Render Network has become accessible for trading right away. This latest update to the trading platform introduces a fresh selection of assets, signifying that EU users can now trade RENDER.

The announcement quickly generated a lot of attention within the wider cryptocurrency community, potentially leading to an increase in investment for the AI token. It’s worth noting that one of the major crypto exchanges has decided to support the AI coin, which could positively affect its price in the near future, according to market analysts.

In simpler terms, the Render Network functions as a shared, decentralized platform for GPU rendering. It allows individuals to make use of their underutilized computational resources and lend them to others within the network. The RENDER token serves as the currency within this ecosystem, used primarily for compensating node operators who provide GPU power on rent.

AI Coin’s Price Soars

At this moment, the price of RENDER has surged by 2% over the last 24 hours and is now at $5.25. Earlier today, it reached lows of $4.91 and highs of $5.24. This increase aligns with Robinhood’s announcement of listing the asset, as increased regional offerings are attracting more users. The resulting buying pressure could potentially push the price to reach $10 in the near future.

Robinhood Lists Render Network, RENDER Price To $10 Ahead?

Furthermore, Coinglass data shows a 5% rise in the AI coin’s futures Open Interest to $60.95 million today, and derivatives volume surged almost 8% to $79.37 million, indicating heightened investor interest in the asset. Combined with the coin’s recent price surge, this data suggests that the coin is experiencing a bullish trend and continues to rise. Market analysts expect further growth due to the coin’s listing, while it’s also worth mentioning that the trading platform has recently listed Optimism (OP), causing optimistic sentiments around the token as well.

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2024-10-11 14:08