- Popular AI-based cryptocurrency, Render Token (RNDR), saw a strong price increase of 40% last week, once again drawing attention to its potential.
- With support from major exchanges among other factors, the value of this cryptocurrency has increased by 435% over the past year, according to analytics platform Santiment.
- Santiment also recommended investors to keep an eye on four other altcoins: AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS), and Deri Protocol (DERI).
Render Token (RNDR) sees a 40% price surge, with Santiment suggesting investors to also watch AIOZ, TURBO, CIRUS, and DERI. Explore the latest developments in the AI-based cryptocurrency market.
AI-Based Tokens Gain Attention
AI-focused tokens have been attracting attention recently, with cryptocurrencies related to this emerging technology making significant strides. One such token that has caught the attention of many industry participants is Render (RNDR). The altcoin project has a market value of nearly $4 billion, making it the second-largest token in its group. The current leader is Fetch.ai (FET), with a market value of over $5.5 billion.
Social Volume Dominance of RNDR
Market intelligence platform Santiment claimed that RNDR has outperformed its competitor and other cryptocurrencies in a significant front: social volume dominance. According to Santiment, RNDR has been at the center of most discussions in the past few days, with a rate of more than 100%. Other altcoins that have performed well in this regard are AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS), and Deri Protocol (DERI).
Whale Activity Triggers RNDR Price Rally
On-chain data provider LookonChain reported that the recent Render (RNDR) price rally was triggered by strong whale activity. Lookonchain detected notable transactions involving the RNDR cryptocurrency recently. Between April 30 and May 1, a user named 0x15CF withdrew a significant amount of RNDR from Binance. In this context, the whale took a total of 748,898 tokens worth $5.3 million from the exchange.
Conclusion
As the AI-based cryptocurrency market continues to grow, Render Token (RNDR) has shown significant progress, with a 40% price surge and a strong social volume dominance. Investors are also advised to keep an eye on other promising altcoins such as AIOZ, TURBO, CIRUS, and DERI. The recent price rally of RNDR, triggered by whale activity, further highlights the potential of AI-based tokens in the crypto market.
