Render

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 <p class="is-style-lead">Render (RNDR) has been consistently registering notable gains with small losses over the past 60 days while the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> has been affected by different factors.</p>
 <p>RNDR is up by 3.65% in the past 24 hours and is trading at $1.79 at the time of writing. The asset’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization rose to roughly $665 million while its 24-hour trading volume has plunged by 9.5%, declining to $36.8 million.&nbsp;</p>
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   <img decoding="async" width="3840" height="1300" src="https://cdn.thebittimes.com/images/2023/10/11/9049142775639a912a820f4234f372f8.webp" alt="Render defies bearish market sentiment, becomes top gainer - 1"> 
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   RNDR price, whale activity and social activity – Oct. 11 | Source: Santiment
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 <p>Render’s surge came while the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>wide bullish momentum has been fading away. One of the most important <a rel="noopener noreferrer nofollow" title="bearish" href="https://thebittimes.com/tag/bearish.html">bearish</a> factors is the Israel-Palestine war.&nbsp;</p>
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 <p>According to data provided by the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> intelligence platform Santiment, RNDR’s social volume surged by around 50% over the past day. The hike comes while the asset’s social activity registered a 45% decline on Oct. 9.</p>
 <p>On the other hand, per Santiment, the number of whale transactions consisting of at least $100,000 worth of RNDR plunged by 57% over the past 24 hours — falling from 21 transactions on Oct. 10 to only nine at the time of writing. This suggests that smaller investors rather than whales might have triggered the recent uptrend.</p>
 <p>Despite the drop in the number of whale transactions, Santiment data still shows a possibility of further incline for the Render token.</p>
 <p>Render’s price-daily active addresses (DAA) divergence still hovers in the positive zone. Per Santiment, RNDR’s price DAA divergence is currently 82%. In simple terms, this suggests a “buy signal” since the number of active addresses has increased along with the price.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/render-defies-bearish-market-sentiment-becomes-top-gainer-tbt65919.html">https://thebittimes.com/render-defies-bearish-market-sentiment-becomes-top-gainer-tbt65919.html</a></p>

Render defies bearish market sentiment, becomes top gainer

TheBitTimes

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